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Tumkur Grain Merchant's Co-operative Bank

RAJARAJESHWARI NAGAR BRANCH

IFSC CODE
TGMB0000027
MICR Code 560574014
Branch Code 000027
City / District BANGALORE
State KARNATAKA
Office Address TGMC BANK LTD., NO-1147, JAWAHARLALNEHRU ROAD, 3RD STAGE, BEML LAYOUT, WARD NO 160, RAJARAJESHWARINAGAR, BENGALURU-98
Phone Not Available
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Understanding IFSC Code: The Digital DNA of Tumkur Grain Merchant's Co-operative Bank

When performing any digital transaction in India, the Indian Financial System Code (IFSC) acts as a critical identifier. For the RAJARAJESHWARI NAGAR branch of Tumkur Grain Merchant's Co-operative Bank, the code TGMB0000027 ensures that your funds are routed through the Reserve Bank of India's (RBI) structured network without manual errors. In an era of instant payments, having the correct IFSC is as important as the account number itself.

Anatomy of the TGMB0000027 Code

An IFSC is an 11-character alphanumeric code. Let's break down the logic behind the code for this specific branch:

First 4

Bank Identity

"TGMB" represents Tumkur Grain Merchant's Co-operative Bank

5th Digit

Control Character

Always '0' (Reserved for future use)

Last 6

Branch Locator

Unique code for RAJARAJESHWARI NAGAR

Payment Systems Supported by TGMB0000027

System Transfer Limit Processing Time
NEFT No Minimum (Up to ₹50 Lakhs+) Half-hourly batches (24x7)
RTGS Minimum ₹2 Lakhs Real-time settlement
IMPS Up to ₹5 Lakhs Instant (Mobile/P2P)

Why do you need the MICR Code?

While IFSC is for digital transfers, the Magnetic Ink Character Recognition (MICR) code—560574014—is primarily used for the processing and clearance of physical cheques. This 9-digit code helps in identifying the bank and branch during the Cheque Truncation System (CTS) cycle, making clearing faster and error-free.

Bank Holidays & Availability

The Tumkur Grain Merchant's Co-operative Bank in BANGALORE typically follows the RBI holiday calendar. Digital transfers via TGMB0000027 for NEFT/RTGS are now available 365 days a year, regardless of physical branch timings or Sunday closures.

Security Warning & Verification

Always verify the branch details before making a large payment. While TGMB0000027 is the valid code for RAJARAJESHWARI NAGAR at BANGALORE, ensure the beneficiary name matches perfectly in your mobile banking app.

RBI Verified NEFT Enabled RTGS 24x7

Bank Search Indexing & Metadata

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Financial Tools

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Branch Context

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Platform Links

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  • • IFSC Finder v2.0

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