Tamil Nadu Mercantile Bank

Tamil Nadu Mercantile Bank IFSC and MICR Codes

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Tamil Nadu Mercantile Bank

IFSC code, MICR code and Bank Branches in India

Tamil Nadu Mercantile Bank IFSC Code

The 11 character IFSC code of Tamilnad Merchantile bank starts from TMBL0*****. This code is unique for every branch. However the first four characters will always be same for a particular bank as it gives the name of the bank. The fifth character in the IFSC code is generally a zero while the last six characters are unique for every branch.The IFSC codes are granted to each bank by the Reserve Bank of India (RBI). With the increase in the number of online fund transfers RBI has emphasized on the need of IFSC time and again. For making any transaction through NEFT, RTGS or IMPS one needs the IFSC code. It has asked the banks to clearly display the IFSC code for each of their branches on their website. You can also find it on the bottom of the cheaque or on the pass book.

About Tamil Nadu Mercantile Bank

Erstwhile known as Nadar Bank ltd, the bank was established in 1921 in Tamil Nadu. The bank had only 4 branches till 1947 at Tuticorin, Madurai, Sivakasi and Virudhnagar. Currently the bank has 438 full fledged branches all over India, 10 regional offices, 11 extension counters, 6 central processing centres,3 currency chests , 1 service branch and 915 Automated Teller Machines (ATMs). The bank opened its first branch outside Tamil Nadu in the year 1976 at Bangaluru. The bank has done tie-ups with other banks—HDFC Bank (531 location) and IDBI bank ( 136 locations)to increase it reach. This has increased the branch network of the bank to 1105 effectively. The bank focuses on serving the rural population. Out of its total 438 branches, 393 branches are located at rural, semi-urban and urban (non-metro) cities.