The Tamilnad Mercantile Bank is provides multiple types of Savings Accounts. All accounts endowed with special features.

Savings (AWB) Account is a normal savings account which facilitates Anywhere Banking (AWB) through its features.

The minimum average balance to be maintained in the account is Rs.250 for rural areas and Rs.500 for other areas if cheque book is sought. Otherwise the respective requirement decreases to Rs.100 and Rs.250
A 20 leaves cheque book is issued free of cost after which every additional leaf is charged at Rs.2

The first 6 months’ folio charges are waived

The account promises free email statements, standing instructions mandate and a debit card.
The cash remittance limit is Rs.3 lakhs per day.
If you exceed this limit, you would have to pay Rs 1.50 per Rs 1,000/- provided your monthly bank balance for the previous month was less than Rs 10,000.

Interest Rate:

Amount / Interest Rate (p.a.) Regular Citizens Senior Citizens
Above 1 Lakh 4.00% 4.00%
Upto 1 Lakh 4.00% 4.00%

Above Interest Rates applicable from Mar 15, 2017.

Rates offered on daily closing balance in SB Account and compounded half yearly.


Working Hours:
10:00 am to 6:00 pm
Monday ~ Saturday except monthly 2nd & 4th Saturdays being bank holidays

Address:

Tamilnad Mercantile Bank Limited
57, V.E. Road, Tuticorin, Tamilnadu, India. Zip: 628 002.
Phone: +91 (461) 232 1382 / 232 1929 / 232 1932.