Simple Savings Bank Account of Tamilnad Mercantile Bank is a basic simple savings account scheme for all.

Simple Savings Bank Account

Eligibility-

Any Resident Individual including minors & HUF.

There is no restriction on the Age of the account holder.

There is no stipulation on the Income of the person.

Type of Account-

Single and Joint Accounts - Domestic Savings Bank Accounts only

Minimum balance / Maximum balance-
No stipulation / limit.

Free Credits allowed into the account-
Deposit of cash at bank branch.

Receipt / credit through all electronic payment channels or by means of deposit / collection of cheques drawn by Central / State Government agencies and departments

Number of free withdrawals allowed-

10 withdrawals are free in a month.

Rs. 10.00 per withdrawal will be levied for withdrawals exceeding 10 per month.

ATM / Debit Card Fresh / Renewal-
Allowed free of charge & No Annual/Renewal Fees

Cheque Book Issue-
First 20 leaves free and there after Rs. 2.00 per leaf.

Internet Banking, Mobile Banking & SMS alert-
Allowed

Anywhere Banking-
Allowed

Cash Remittance / withdrawal at Parent branch and at Satellite Branches-
No Limit

Cash Withdrawal by Cheque at satellite branches-
Self - No Limit. Third Party - Rs. 10,000.00 per day.

Payment of Cheque in other centre in Clearing or Transfer-
No Limit.

Contact-

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). To report ATM Card Lost, call: +91 (44) 2622 3106 / 2622 3109.

Tamilnad mercantile bank rajapalayam