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Tamil Nadu grama bank is also shortly known as TNGB. The headquarters of TNGB is located at Salem in Tamil Nadu. The bank is under the ownership of the ministry of finance, the government of India. The state and central government jointly own TNGB. The Tamil Nadu grama bank consists of nearly 630 branches in 32 districts of Tamil Nadu. There are nearly 2500 employees working in Tamil Nadu grama bank.
Amalgamation
When two or more companies merge and work together then it is known as amalgamation. In this process a new entity is formed between the companies to house the assets and liabilities of both companies
Area of Operation
Prior to the amalgamation, the pandyan grama bank worked in 16 districts with virudhunagar as its headquarters. The Pallavan grama bank worked in 16 districts with Salem as its headquarters. After the amalgamation of pandyan and pallavan grama bank, it is working as Tamil Nadu grama bank in all 37 districts in Tamil Nadu. Tamil Nadu grama bank is not in Chennai as its headquarters is in Salem.
Share Capital
There are three shareholders for Tamil Nadu grama bank. The paid-up capital for Tamil Nadu grama bank is around 46.96 crores. The three shareholders of Tamil Nadu grama bank are
- Government of India.
- Government of Tamil Nadu.
- Indian bank.
The paid-up capital of the government of India is nearly 50% which is Twenty-three crores forty-eight lakhs(234800000).
The paid-up capital of the government of Tamil Nadu is nearly 15% which is seven crores four lakhs(70400000).
The paid-up capital of Indian banks is nearly about 35% which is sixteen crores forty-four lakhs(164400000).
IFSC Code
The IFSC stands for Indian financial system code. The IFSC code is always an eleven-digit alphanumeric code. This IFSC code is mainly used for online fund transfer transactions between one bank to another.
In the eleven-digit IFSC code, the first four-digit represents the bank and the last six-digit numbers represent the branch. The fifth character is zero.
Benefits of IFSC code:
- It helps in making financial transactions easier.
- The fund transferring process is faster.
- Reduces the potential frauds.
- Helps in making easy fund transfer.
- Online banking mode is made easier using the IFSC code.
- NEFT-National Electronic Fund Transfer.
- RTGS-real time gross settlement.
- IMPS-immediate payment services.
These are some of the benefits or uses of IFSC code.
TNGB IFSC Code:
Let us take the IFSC code of pallavan grama bank.
The IFSC code is IDIB0PLB001.
From this we can find the branch code is PLB001.(since the last six digits represent branch code).
This code is used for real time gross settlement and national electronic fund transfer.
The address of this bank is 6,Yercaud road ,Hastampatti,Salem 636007,Tamilnadu.
These are the things we can find from the IFSC code
Branches of TNGB
1.BRANCH CODE:60067
BRANCH NAME:PANAMARATHUPATI.
DISTRICT:SALEM.
PINCODE:636204.
2.BRANCH CODE:60072.
BRANCH NAME:SALEM.
DISTRICT:SALEM.
PINCODE:636007.
3.BRANCH CODE:60083
BRANCH NAME:VALAPADI.
DISTRICT:SALEM
PINCODE:636115.
4.BRANCH CODE:60093
BRANCH NAME:MAGUDANCHAVADI.
DISTRICT.SALEM.
PINCODE:637103.
5.BRANCH CODE:60099.
BRANCH NAME:NANGAVALLI.
DISTRICT:SALEM.
PINCODE:636454.
6.BRANCH CODE:60100.
BRANCH NAME:VEERAGANUR.
DISTRICT:SALEM.
PINCODE:636116.
7.BRANCH CODE:60109
BRANCH NAME:MANIVILUNDAN.
DISTRICT:SALEM.
PINCODE:636112.
8.BRANCH CODE:60121.
BRANCH NAME:SALEM-GUGAI.
DISTRICT:SALEM.
PINCODE:636006.
9.BRANCH CODE:60126
BRANCH NAME:SENTHARAPATTI.
DISTRICT:SALEM.
PINCODE:636110.
10.BRANCH CODE:60139.
BRANCH NAME::PEDDANAICKENPALAYAM.
DISTRICT:SALEM.
PINCODE:636109.
11.BRANCH CODE:60143.
BRANCH NAME:MINNAMPALLI.
DISTRICT:SALEM.
PINCODE:636106.
12.BRANCH CODE:60146.
BRANCH NAME:POOLAMPATTI.
DISTRICT:SALEM.
PINCODE:637107.
13.BRANCH CODE:60155.
BRANCH NAME:SALEM JUNCTION.
DISTRICT:SALEM.
PINCODE:636005.
14.BRANCH CODE:60156.
BRANCH NAME:SALEM PONNAMMAPET.
DISTRICT:SALEM.
PINCODE:636001.
15..BRANCH CODE:60158
BRANCH NAME:UNATHUR.
DISTRICT:SALEM.
PINCODE:636112.
16.BRANCH CODE:60168.
BRANCH NAME:KONNUR.
DISTRICT:SALEM.
PINCODE:636404.
17.BRANCH CODE:60183.
BRANCH NAME:BELUR.
DISTRICT:SALEM.
PINCODE:636104.
18’.BRANCH CODE:60185.
BRANCH NAME:SATHAPADI.
DISTRICT:SALEM.
PINCODE:636121.
19.BRANCH CODE:60196.
BRANCH NAME:KADAYAMPATTI..
DISTRICT:SALEM.
PINCODE:638504.
20.BRANCH CODE:60201.
BRANCH NAME:THOLASAMPATTI..
DISTRICT:SALEM.
PINCODE:636503.
21.BRANCH CODE:60221.
BRANCH NAME:MALLIAKARAI..
DISTRICT:SALEM.
PINCODE:636107.
22.BRANCH CODE:60224.
BRANCH NAME:MUTHUNAICKENPATTI..
DISTRICT:SALEM.
PINCODE:636304.
23.BRANCH CODE:60226.
BRANCH NAME:ALAGAPURAM..
DISTRICT:SALEM.
PINCODE:63601.
24.BRANCH CODE:60239.
BRANCH NAME:SALEM AMMAPETTAI.
DISTRICT:SALEM.
PINCODE:636003.
25.BRANCH CODE:60248.
BRANCH NAME:KAMALAPURAM.
DISTRICT:SALEM.
PINCODE:636309.
26.BRANCH CODE:60242.
BRANCH NAME:ATTAYAMPATTI.
DISTRICT:SALEM.
PINCODE:637501.
27.BRANCH CODE:60247.
BRANCH NAME:D.PERUMAPALAYAM.
DISTRICT:SALEM.
PINCODE:636112.
28.BRANCH CODE:60286.
BRANCH NAME:NARASINGAPURAM.
DISTRICT:SALEM.
PINCODE:636108.
29.BRANCH CODE:60292.
BRANCH NAME:KANJANAICKENPATTY.
DISTRICT:SALEM.
PINCODE:636305.
30.BRANCH CODE:60293.
BRANCH NAME:PERIYAVADUGAMPATTI..
DISTRICT:SALEM.
PINCODE:636354.
31.BRANCH CODE:60299.
BRANCH NAME:KARUMANTHURAI.
DISTRICT:SALEM.
PINCODE:636138.
These are the branches of tamilnadu grama bank (TNGB) in Tamilnadu.
Conclusion
Thus Tamil Nadu grama bank is one of the most useful banks that help the village people (grama people) in improving their banking facilities and also helps in transaction of money of village people to make their job easier. It is also useful in keeping money safe. Thus grama bank plays an important role in raising the living standard of the village people. So grama bank is necessary in all the villages of Tamil Nadu.
