COMPARE : SAVINGS ACCOUNTS
Tamilnad Mercantile Bank Ltd Saving Accounts
Janatha SB account Basic Savings Account
Salary SB Account SB Premium Account
Dynamic Youth Savings Bank Account Royal Savings Bank Account
VISA Savings Bank Account Mahila Subha SB account
  Tamilnad Mercantile Bank Ltd : Janatha SB account

  • Pass books will be issued and the same should be accompanied for each withdrawal / deposit in to the account.

  • Deposit of endorsed instruments will not be accepted for collection/clearing, In other words third party instruments will not be acceptable

  • Standing instructions are allowed to transfer to RD / NMD / SRD accounts without collecting any charge for such transfer.

  •   Tamilnad Mercantile Bank Ltd : Basic Savings Account
    • This account can be opened at a minimum balance of Rs. 100 and if the customer requires cheque book facility then the minimum balance requires is Rs. 500.
    • Nomination facility is available with the account.
    • Passbook and ATM/Debit card are also issued with this account.

      Tamilnad Mercantile Bank Ltd : Salary SB Account
    • This account can be maintained at zero balance provided the minimum salary of the customer is Rs. 5,000.
    • One cheque book will be issued for free per year.
    • Credit card and ATM card will be issued with the account for free.
    • Through the sweep-in facility, the balance in excess of Rs. 10,000 in the multiples of Rs. 5,000 will be deposited in fixed deposits for 46 days.
    • Customer can draw 2 demand drafts with value lower than Rs. 10,000 per month for free.
    • Intra-city Cash withdrawal and remittance restricted to Rs. 50,000.00 per day for free.
    • Account holder can also get free monthly e-mail statements on request for free.

      Tamilnad Mercantile Bank Ltd : SB Premium Account
    • This account can be maintained at the minimum balance of Rs. 2,500, if the account is opened at a rural branch and if it is opened at any urban branch then the customer needs to maintain a minimum balance of Rs. 5,000.
    • The banks offers free insurance cover up to Rs. 1,00,000 to the account holder.
    • Bank offers free phone banking and RTGS/NEFT facility with this account.
    • ATM is also issued with this account.
    • No maintenance charges for Demat Account will be levied by the bank.
    • The account holder can also avail Free Admission Fee and Membership Fee for first 2 years on credit card.
    • Customer can also order account statements for free through e-mail.

      Tamilnad Mercantile Bank Ltd : Dynamic Youth Savings Bank Account
    • This account can be maintained at a minimum balance of Rs. 1,000.
    • Facilities like free Visa International ATM Cum Debit Card, internet banking, anywhere banking and SMS banking are offered with the account.
    • With this account, the customer can avail Free Collection of Cheques upto Rs. 25,000.00 per month.
    • Free upto Rs. 1,00,000.00 per month on payment of Multicity Cheques payable at other than parent branch.
    • The account holder can also draw drafts worth Rs. 25,000 for free per month.
    • With this account the customer can also avail the facility for opening Offline Share Trading account with M/s. Religare Securities Limited.

      Tamilnad Mercantile Bank Ltd : Royal Savings Bank Account
    • The account holder requires to maintain a minimum balance of Rs. 50.000 per quarter in the account to avoid penalty.
    • Facilities like internet banking, SMS banking, Anywhere Banking are offered with the account.
    • Credit card and VISA International Photo ATM card is also issued with this account.
    • No service charges are levied by the bank for payment of income tax payment using Online / Offline Mode.
    • No charges are applicable on the collection of cheques at the bank branches.
    • No charges are levied on the issue of demand drafts.
    • No penalty is applicable for the first month of opening of account in case the account holder fails to maintain minimum balance in the account.

      Tamilnad Mercantile Bank Ltd : VISA Savings Bank Account
    • This account can be maintained at the minimum balance of Rs. 5,000.
    • The account balance in excess of Rs. 10,000 will be amde as fixed deposits automatically in the multiples of Rs. 5,000.

      Tamilnad Mercantile Bank Ltd : Mahila Subha SB account

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