Ahmedabad Mercantile Co-Operative Bank Limited was established in 1966 under the leadership of Shri Mohanbhai C. Patel. Its first branch was started at Relief Road, Ahmedabad in Gujarat State, Ahmedabad. .
Thereafter the bank continued to expand and form a cluster of 34 branches (including Dehgam, Baroda, Surat and Mumbai), most of which were functioning in their own fully air-conditioned premises. With the opening of a branch in Mumbai, Maharashtra, the Bank has acquired Multi State Co-op. The bank acquired Scheduled Bank status in 1996. The Bank has also acquired Foreign Exchange License under AD Category-I.
AMCO Bank offers the facility of RuPay Debit Card which can be used for online transactions and payments through RuPay PaySecure, an e-commerce solution of National Payments Corporation of India (NPCI). This bank gives the facility of locker to the customers to keep their valuables like gold etc.
Amco Bank has started Mobile Banking / IMPS. Bank is authorized by the Government of Gujarat for adhesive stamp franking service. The Bank Provides Free of Cost E-Payment Facilities like GST Payment,Income-tax,TDS-TCS etc. In this way, this bank gives a lot of benefits to its customers. It provides loan facilities to its customers to meet their needs.