Interest is calculated on daily product basis and payable on half yearly basis.
Value Added facilities
Many Many as follows.
Free Visa International Photo ATM + Debit Card.
Free Internet Banking with e-Commerce.
Free Pesonalized Cheque Books [Without Limit].
Free India Card [Conditions apply] [Joining fee waived and Free Annual Charge for 1st year] - [In case of Joint Accounts, First Account holder will be eligible].
Personal Accident Insurance
Free Personal Accident Insurance Cover for Rs. 3,00,000.00. [In case of Joint Accounts, First Account holder will be eligible]. Please Note: The coverage of personal accident insurance cover will be subject to the terms and conditions as well as expiry period of the master policy taken by the bank and the continuation of this facility will be at the sole discretion of the bank.
Free Tax Payments
No service charges for payment of income tax payment using Online / Offline Mode.
Any where Banking
Cash Remittance: Free upto Rs. 20,00,000.00 per month at Parent / Intracity / Satellite Branch. Cash Payment / Withdrawl: Free for Self at all Branches, Upto Rs. 50,000.00 for third party in Satellite and Intracity Branches. Transfers to Intra City Branches: Free.
Free Cheque Collection
Free Collection of Cheques drawn at TMB locations. For Cheques at non-TMB locations, Rs. 25.00 plus Other Bank charges [Postage will be collected].
Multicity Cheque Payment
Free upto Rs. 30,00,000.00 per month on payment of Multicity Cheques payable at other than parent branch under Transfer / Clearing.
Demand Draft / Local Draft / Pay Order
Fund Transfer by NEFT / FTFT / RTGS
Electronic Clearing Service [ECS]
No charges for both ECS debit and credit transactions.
Other Banks ATM Access
Free Cash withdrawals at NFS / VISA ATMs.
Free SMS Alert Facility.
Waiver of first year Annual Maintenance Charges for demat account opened. [In case of Joint Accounts, First Account holder will be eligible].
Stock Trading Platform
Facility for opening Offline Share Trading account with M/s. Religare Securities Limited.
No charges for Standing instruction, Duplicate Pass Book & Stop Payment including stop payment under TMB eConnect.
Avg. Monthly Balance Waiver
Waiver of minimum balance requirement in the first month of opening the account.
No Folio / Transaction charges.
Free monthly e-mail statement on request.
Non maintenance of average balance
In case of non-maintenance of average monthly balance of Rs. 50,000.00 during the month, a charge of Rs. 250.00 will be debited for every month for non-maintenance and all charges for free services will be recovered.
The accounts should be fully KYC compliant account.
Rs. 500.00 with applicable Service Tax for closure within 1 year. After 1 Year - Rs. 100.00 with applicable Service Tax.
The account should be used only for Savings Purpose. If any business transaction is noticed in the SB account, then the Bank is entitled to recover all the costs for the free services/products offered to the customer.
Most Important Terms & Conditions governing SB Account Operations: