Tamilnad Mercantile Bank has upgraded the service offerings under its Salary Account, the exemplary compensation reserve funds banks record is being propelled with the accompanying elements:

Reason

To offer an alluring Savings Bank Account to salaried representatives to have their compensation credited.

Qualification

Representatives of State/Central Government, PSUs, Semi-Government Organizations, Urban Development Authorities, Educational Institutions, Universities, Charitable establishments, Trusts, Multi-National Companies, Public Limited Companies, Selected Private Limited organizations, all SME characterized records and association firms.

Age

Least 18 years.

Least Take Home Salary

Rs. 5,000.00 every month.

Least number of workers

Least number of records to be opened ought to be 10.

Initial deposit and minimum balance requirement

Zero.

Passbook

Free passbook. Copy pass book will be charged according to our Service Charge booklet.

Check Books

One check book of 20 leaves in a year free. Rs. 2.00 for each leaf from that point.

SMS Banking

Free SMS Alert Facility.

Charge card

Free India Card [Conditions apply] [Joining expense waived and Free Annual Charge for first year].

ATM Card

Free ATM Card.

ECS

Free for both charge and credit exchanges.

RTGS/NEFT

Free for internal exchanges.

Demat Account

50% rebate on AMC - First year just ; Facility for disconnected from the net exchanging of shares.

Sweep-in facility

Scope will be completed if the equalization in SB account surpasses Rs. 10,000.00 in products of Rs. 5,000.00. Assets ought to be stored in altered stores for a time of 46 days. On the off chance that the SB record is out of assets and any check for installment is exhibited, the equalization in the store will be taken first on the premise of LIFO in units of Rs. 5,000.00

Request Drafts/Local Drafts

Free 2 Demand drafts/Local Drafts drawn on our bank offices not surpassing an estimation of Rs. 10,000.00 every month. No persist.

Intra-city Payment office

Free. Money withdrawal and settlement limited to Rs. 50,000.00 every day.

Folio Charges

No Folio Charges/Transaction charges.

Account Statements

Free month to month email explanation on solicitation.

KYC Guidelines

The records ought to be completely KYC consistent record.