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Tamilnad Mercantile Bank Savings Account

Home Savings Account Tamilnad Mercantile Bank

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Updated: 11-09-2024 06:41:14 AM

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.

Tamilnad Mercantile Bank, previously known as Nadar Bank was established to provide financial support and services to the Nadar community.  However, it soon expanded its reach to cater to a wider base of the customers. It provides various savings account options to fulfil customer’s requirements.

Tamilnad Mercantile Bank Savings Account Interest Rates 2024

Amount / Interest Rate (p.a.) Regular Citizens
Balance up to Rs. 10 lakh 3.00%
Balance above Rs. 10 lakh 3.25%

Note: The above-mentioned interest rates are updated as on 11th September 2024.

Types of Tamilnad Mercantile Bank Savings Account
Documents Required for a Savings Account in TMB
How to Open a Tamilnad Mercantile Bank a Savings Account?

Types of Tamilnad Mercantile Bank Savings Account

Keeping different savings needs of its customers in mind, they have introduced a wide range of savings accounts with attractive interest rates and features so that people can earn through their savings.

Tamilnad Mercantile Bank Savings Account Primary Features
Simple Savings Account (Basic Savings Deposit Scheme)
  • Free ATM Debit Card
  • Easy Cash Deposits and Withdrawals
Small Savings Account (Basic Savings Deposit Scheme)
  • Free ATM Debit Card
  • Free SMS Alerts
Premium Operative Savings Bank Account
  • Free ATM Debit Card
  • 5 Free ATM transactions per month
TMB Dynamic Youth Savings Bank Account
  • Free Visa International ATM Cum Debit Card
  • Quarterly Average Balance Rs. 1000
TMB Royal Savings Bank Account
  • Free Platinum RuPay Debit Card
  • Free Personalised Cheque Book
Value Increased Savings Account [VISA]
  • Auto Sweep Facility
  • Quarterly Average Balance – Rs. 5,000
TMB Classic Salary Savings Bank Account
  • Zero Balance Savings Account
  • Sweep-In Facility
TMB Mahila Subha Savings Scheme
  • Free Personal Accident Insurance Cover
  • Free Visa Debit Card
Savings AWB Account (Normal Interest Bearing Operative Savings Account)
  • Debit Card
  • Free Cheque Book

1. Simple Savings Account (Basic Savings Deposit Scheme)

Simple Savings Account Features
Minimum Balance Requirement Zero Balance Savings Account
SMS Alerts Free
Maximum Balance Limit 2 Lakh
Internet Banking, SMS Banking and Phone Banking Free
Eligibility Criteria Indian Residents

2. Small Savings Account (Basic Savings Deposit Scheme) 

Small Savings Account Features
Balance Maintained <=Rs. 50000
SMS Alerts Free
ATM Debit Card Available Yes
Eligibility Criteria Indian Residents

3. Premium Operative Savings Bank Account 

Premium Operative Savings Bank Account Features
Quarterly Average Balance Metro/Urban: Rs. 5000

Rural/Semi-Urban: Rs. 2500
ATM Debit Card Free
Personal Accident Insurance Free (Cover up to  Rs. 1 Lakh)
Phone Banking Free
Eligibility Criteria Indian Residents

4. TMB Dynamic Youth Savings Bank Account

TMB Dynamic Youth Savings Bank Account Features
Quarterly Average Balance Rs. 1000
NEFT, FTFT and RTGS Free up to Rs. 15000 in a month
ATM Debit Card Free Visa International ATM cum Debit Card
Internet Banking Free with e-Commerce
Eligibility Criteria Individuals between the Age of 17 and 35 years

5. TMB Royal Savings Bank Account

TMB Royal Savings Bank Account Features
Minimum Monthly Average Balance Metro: Rs. 50000

Urban/Semi-Urban: Rs. 40000

Rural: Rs. 25000
NEFT, FTFT and RTGS Free
ATM Debit Card Free Platinum Rupay Debit Card with Unlimited access to Domestic ATMs
Internet Banking Free with e-Commerce
Eligibility Criteria Indian Residents with High Net Worth such as Doctors, CAs, Executives in MNC, Public/Private Sector & Business People

6. Value Increased Savings Account [VISA]

Value Increased Savings Account [VISA] Features
Minimum Quarterly Average Balance Rs. 5000
Nomination Facility Available
Auto-Sweep Available
Eligibility Criteria Indian Residents, Trusts, Clubs, Societies, Educational Institution and Hospitals

7. TMB Classic Salary Savings Bank Account

TMB Classic Salary Savings Bank Account Features
Initial Deposit Amount Zero Balance Savings Account
NEFT and RTGS Free
ATM Debit Card Free
SMS Banking Free SMS Alert Facility
Eligibility Criteria Employees of Central and State Government, semi-government organisations, PSUs, urban development authorities, universities and educational institutions, charitable institutions, MNCs, trusts, public limited companies, partnership firms, etc.

8. TMB Mahila Subha Savings Scheme

TMB Mahila Subha Savings Scheme Features
Minimum Monthly Average Balance Metro Branches: Rs. 1000

Other Branches: Rs. 500
Personal Accident Insurance Cover Free (Cover up to Rs.3 lakh)
ATM Debit Card Free
Nomination Facility Yes
Eligibility Criteria Working and non-working women between the age of 18 and 65 years

9. Normal Interest Bearing Operative Savings Account

Normal Interest Bearing Operative Savings Account Features
Minimum Average Balance With Cheque Book: Rs. 500 (Others), Rs. 250 (Rural)

Without Cheque Book: Rs. 250 (Others), Rs. 100 (Rural)
Cheque Book Free (First 20 leaves)
Folio Charges Free (For 6 months)
Eligibility Criteria Indian Residents

Documents Required for a Savings Account in TMB

Documents Required for a Tamilnad Mercantile Bank Savings Account
Proof of Identity Aadhaar card, PAN card, voter ID, passport, driving licence etc.
Proof of Address Aadhaar card, electricity bill, telephone bill, etc.
Photographs Recent passport size photographs

How to Open a Tamilnad Mercantile Bank a Savings Account?

If you want to open any of the savings accounts from Tamilnad Mercantile Bank which are listed above, then you can do so by visiting the nearest TMB’s branch.

For any queries, you can also contact TMB using below-mentioned phone banking numbers.

TMB Bank Phone Banking Numbers

TMD Phone Banking Numbers
All India National Toll Free Number: 180 0425 0426
Working Hours: 10:00 am to 6:00 pm (Monday – Saturday except monthly 2nd & 4th Saturdays being bank holidays)
ATM Card Lost
+91 (44) 2622 3106 / 2622 3109
TMB Customer Care
+91 9842 461 461
NRI Help Desk
Email: nricell@tmbank.in
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