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Ahmedabad Mercantile Cooperative Bank

The most popular systems of money transfer are NEFT and RTGS which make banking service very easy in multiple ways. Reserve Bank of India (RBI) introduced these two systems for development of banking service by rendering quick, safer, economic and efficient fund transfer from one bank to another. The customers of Ahmedabad Mercantile Co-operative Bank also have the facilities of NEFT and RTGS to pay and receive the money of all the bank branches in our country. Transfer of funds to all bank branches is possible through NEFT and RTGS with a unique code known as the IFSC code.

The Reserve Bank of India allotted a special and unique character known as IFSC code that contains 11 digits which are in alphanumeric. For example, the IFSC code of Ahmedabad Mercantile Co-operative Bank (AMCO) located in Ahmedabad on Relief Road is AMCB0660002. This code is divided into 3 parts. The first 4 digits AMCB are alphabets in capital letters which represent the bank name Ahmedabad Mercantile Co-operative Bank. The fifth digit is 0 (Zero) which in numeric provided for future use. The last six digits of this bank is 660002 which is a numeric that helps to identify the branch name located at Ahmedabad on Relief Road. The IFSC code is very essential for any online transactions like NEFT, RTGS, IMPS etc.

Easy way to find IFSC and MICR codes for Ahmedabad Mercantile Co-operative Bank?

The account holder of Ahmedabad Mercantile Co-operative Bank can easily find the IFSC and MICR code in their bank passbook which is printed on the front page. The customers having cheque facilities can find both codes printed on the cheque leaf. IFSC code is printed on the top of the cheque leaf and found below the address field which is printed in a box. MICR code is printed at the bottom of the cheque leaf which is found in the middle next to the cheque number. If the customer doesn't have a passbook and cheque leaf, they can reach the nearest bank branch and get the details by providing the account number and bank branch name.

The customers of Ahmedabad Mercantile Co-operative Bank can find IFSC and MICR codes on their bank website or in private websites. It is very easy to find these codes by providing input information or filling details asked in the column like bank name, state, district and bank branch name. After providing all details the account holder can find the IFSC and MICR code displayed in the monitor. The website also provides a list of bank names, states, districts and branch names along with its address. The customers can select the details provided in the lists and get the details of IFSC and MICR codes in a few seconds.

ABOUT AHMEDABAD MERCANTILE CO-OPERATIVE BANK

The Ahmedabad Mercantile Co-operative Bank was established in 1966, popularly known as 'AMCO BANK' started its banking activity under the leadeship of Shri Mohanbhai C. Patel with one branch at Relief Road, Ahmedabad in Gujarat State, India. It has grown high comparatively within a short span of 50 years by fulfilling the desire and needs of the business community in general and small traders in particular. The bank encouraged the community to save and channelized these savings into productie purposes for economic progress and prosperity of the community.

The bank gained strength and stability within a short period of time and spread its wings to other areas such as financing of Small Scale Industries, large industries, professionals, individuals for consumer durables, vehicles etc. as well as acceptance of deposits from Non-Resident Indians. The motto of the bank is customer care and thereby total customer satisfaction and the goal is to better to best.

GROWTH OF AHMEDABAD MERCANTILE CO-OPERATIVE BANK

The expansion of the bank accelerated and branch after branch was added to the bank, creating a group of 34 branches (including Dehgam, Baroda, Surat and Mumbai) most of them operating in their own fully air-conditioned premises. The bank attained Multi State Co-operative Society status by opening of a branch at Mumbai in Maharashtra. The bank acquired Scheduled Bank status in 1996. It also acquired Foreign Exchange License in 2016.

The salient features helped this bank in acquiring a unique position amongst the co-operative banks in Ahmedabad. The features are Service with Smile- Fast & Accurate, the total process of the bank is computerised and upgraded, with the speedy clearing of instruments between Mumbai & Ahmedabad, free remittance facility between Ahmedabad & Mumbai through issue of D.D. at par, introduction of services like customer terminal, single window service and telebanking and acceptance of NRE deposits.

Few more features are giving attractive interest rates on term deposits and most competitive interest rates on advances, special rates for schematic lending, issue of out-station drafts & collection of cheques/ bills through agency arrangements with country's leading banks, assured safety of deposits, transfer of funds to and fro through RTGS and NEFT on same day to any centre, paying utility bills through bill desk, general Insurance arrangement with M/s Bajaj Allianz General Insurance Company Limited and all the bank branches are equipped with CCTV to control unwanted incidence. The bank offers Education Loan, Car Loan, Housing Loan, Doctor Loan, SSI Scheme and Business Loan.

Ahmedabad Mercantile Cooperative Bank Branch Details

ABOUT RuPayPaySecure:

The bank has issued RuPay Debit Cards to its customers which can be used for online transactions and payments through RuPayPaySecure, an e-Commerce solution of National Payments Corporation of India (NPCI). RuPayPaySecure also gives the customers a complete unique shopping experience. This card can be used at all ATMs, merchant establishments in India for online transactions and payments. In order to get authenticated, the cardholder needs to enter correct card details, OTP, challenge questions, internet ID and password or any other parameters defined by the issuer.

Customers must use a valid ATM PIN for authorization of the e-Commerce transactions. Customers have to enter PIN on the bank themed PIN pad using mouse clicks only. The PIN pad will shuffle each time a digit is entered. RuPay Cards are enabled for online purchases on major merchants. For further details contact the bank branch.

Online service

The customers can make or collect payment instantly throughout India with the help of online transactions like RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) facility. The minimum amount to be remitted through RTGS is 2 lakh. There is no upper ceiling for RTGS transactions. Transactions of RTGS settled instantly.

There is no limit of amount for remittance in NEFT transactions. The transactions of NEFT are settled as per batchwise. The customers can contact for RTGS / NEFT transactions with nearest branch (Any Branch Banking under CBS). IFS (Indian Financial System ) Code is used for RTGS / NEFT transactions which are printed on the cheque book.

Amco Bank has started Mobile Banking / IMPS. Fund transfer using MMID, P2A, P2P, NEFT is possible. Fund Transfer using IFT - (internal fund transfer between AMCO Bank A/c), outward / Inward Transaction using IFSC and A/c No., Online Cheque Book Request, Online Stop Payment of Cheque, Online Block ATM Card, Mini Statement Received, Detailed Statement Received, Online search Cheque with Cheque No., Utility Bill Payment (BBPS), Manage Trangection Limit, Service On/Off, Fixed deposit details, Interest Certificate. Now you can transfer funds, Request for cheque book, Stop payment, Block ATM Card,Statement etc.

Other facilities

The Bank Provides Free of Cost the Following E-Payment Facilities like GST Payment through Only RTGS/NEFT, Income-tax, TDS-TCS, Custom Duty, ESIC Payment, TDS on Sale of Property (26QB) and TDS on Rent of Property (26QC).

For further details contact :(079) 26426582 / 84/ 88.

Ahmedabad Mercantile Cooperative Bank Gujarat Branch IFSC Code