Bombay Mercantile Co Operative Bank Palanpur IFSC Code
Bombay Mercantile Co Operative Bank
IFSC · Used for NEFT, IMPS & RTGS
MICR · Used for Cheque Clearance
Branch
Palanpur
District
Palanpur
State
Gujarat
🔍 Search for another branch
Top Financial Tools for Bombay Mercantile Co Operative Bank Customers
Free calculators — no login required
Bombay Mercantile Co Operative Bank FD Calculator
Estimate fixed deposit maturity with quarterly compounding
Bombay Mercantile Co Operative Bank RD Calculator
Compute recurring deposit maturity with monthly deposits
Bombay Mercantile Co Operative Bank APY Calculator
Plan your Atal Pension Yojana monthly contribution & pension amount
Bombay Mercantile Co Operative Bank SSY Calculator
Calculate Sukanya Samriddhi Yojana maturity for your daughter
Frequently Asked Questions
About Bombay Mercantile Co Operative Bank Palanpur (vardhaman Shopping Centre - 0040), Palanpur
The IFSC code BMCB0000040 (lowercase: bmcb0000040) belongs to Bombay Mercantile Co Operative Bank, specifically the Palanpur (vardhaman Shopping Centre - 0040) branch located in Palanpur, Gujarat.
The 5th character in the IFSC code BMCB0000040 is a zero (0), not the letter 'O'. The correct format is BMCB0000040 (lowercase: bmcb0000040), and not BMCBO000040. According to RBI guidelines, the fifth character of all IFSC codes is reserved as a zero.
The IFSC code of Bombay Mercantile Co Operative Bank Palanpur (vardhaman Shopping Centre - 0040) in Palanpur, Gujarat is BMCB0000040. This 11-character code is required for all NEFT, RTGS and IMPS electronic fund transfers to this branch.
Bombay Mercantile Co Operative Bank Palanpur (vardhaman Shopping Centre - 0040) is located at Vardhaman Shopping Centre, 1st Floor, Gatta Naman Gate, Palanpur, Palanpur, Gujarat. You can click the "View on Google Maps" button on this page to get directions.
The MICR (Magnetic Ink Character Recognition) code of Bombay Mercantile Co Operative Bank Palanpur (vardhaman Shopping Centre - 0040) is 385069001. MICR codes are used for cheque processing and are printed at the bottom of cheque leaves in magnetic ink.
Yes. IFSC code BMCB0000040 is valid for all three RBI-regulated transfer modes: NEFT (settled in 30-minute batches, no minimum), RTGS (real-time, minimum ₹2 lakh), and IMPS (instant, up to ₹5 lakh). All modes are available 24×7×365 as per RBI guidelines issued in December 2019.
You can verify IFSC code BMCB0000040 by checking: (1) The top-left corner of any Bombay Mercantile Co Operative Bank Palanpur (vardhaman Shopping Centre - 0040) cheque leaf, (2) The first page of your Bombay Mercantile Co Operative Bank passbook, (3) Your net banking or mobile banking app under "Branch Details", or (4) The RBI's official IFSC lookup at rbi.org.in.
Understanding IFSC Code: BMCB0000040
Decoded structure — 4 + 1 + 6 characters
Visual Breakdown
Swipe to see all
BMCB0000040
What Each Part Means
- Bank Code — BMCB
- The first 4 characters uniquely identify Bombay Mercantile Co Operative Bank at the national level. Every branch of Bombay Mercantile Co Operative Bank across all states shares this same prefix. It is assigned by the RBI and never changes.
- Reserved — 0
- The 5th character is always 0 (zero), reserved by the RBI for future use. It acts as a separator between the bank identifier and the branch-specific code and is mandatory in all electronic fund transfer systems.
- Branch Code — 000040
- The final 6 characters 000040 uniquely identify this specific branch within the Bombay Mercantile Co Operative Bank network. No two branches share the same branch code. Use this code to verify you have the correct branch before initiating any NEFT, RTGS, or IMPS transfer.
| Segment | Chars | Value | Purpose |
|---|---|---|---|
| Bank Code | 1–4 | BMCB | Identifies Bombay Mercantile Co Operative Bank |
| Reserved | 5 | 0 | RBI reserved (always 0) |
| Branch Code | 6–11 | 000040 | Unique to this branch |
Where to Find IFSC & MICR on Your Cheque
Interactive cheque leaf mockup — highlighted fields show live values from this branch
Swipe left to view full cheque
Bombay Mercantile Co Operative Bank
Palanpur (vardhaman Shopping Centre - 0040), Palanpur, Gujarat
Cheque No.
00000040
A/c No.
Authorised Signatory
IFSC vs MICR — Functional Comparison
Two different codes, two different banking systems
| Feature | IFSC Code | MICR Code |
|---|---|---|
| Full Form | Indian Financial System Code | Magnetic Ink Character Recognition |
| Length & Format | 11 characters — alphanumeric | 9 digits — numeric only |
| This Branch | BMCB0000040 | 385069001 |
| Primary Use | Electronic fund transfers: NEFT, RTGS, IMPS, UPI | Physical cheque clearing at clearing houses |
| Medium | Digital / online — no physical document needed | Printed in magnetic ink on cheque leaf bottom band |
| Processing Speed | Real-time (IMPS/UPI) or 30-min batches (NEFT) | T+1 or T+2 clearing cycle via RBI clearing houses |
| Where to Find It | Cheque leaf (top area), passbook first page, net banking | Bottom band of cheque leaf (the printed magnetic strip) |
| Assigned By | RBI — permanent unless branch is relocated/merged | RBI — encodes city (3) + bank (3) + branch (3) digits |
| Required For | Adding a payee / beneficiary for online transfer | Cheque book issuance and clearing house processing |
Source: Reserve Bank of India (RBI) Payment Systems Guidelines. IFSC mandatory for NEFT/RTGS/IMPS since 2010; MICR used by CTS-2010 standard cheque clearing.