Simple Savings Bank A/c

our basic simple savings account scheme for all

Learn more about our TMB Simple Savings Bank Deposit Account scheme.

Product Highlights:

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. (Through all channels including ATM, internal transfers, RTGS/NEFT/Clearing/Internet Transfers/Standing Instructions/EMI etc). Balance inquiry at ATM is not reckoned for the purpose of determining the number of withdrawals.
Rs. 10.00 per withdrawal will be levied for withdrawals exceeding 10 per month. However the number of mandatory free ATM transactions per month for Simple Savings Bank Account Customers at other banks ATMs is five only.
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.
KYC compliance
The TMB Simple Savings Bank Account would be subject to provisions of PML Act and Rules and RBI instructions on Know Your Customer (KYC) / Anti-Money Laundering (AML) for opening of bank accounts issued from time to time.
Restrictions on number of savings bank accounts
An Individual can hold only one TMB Simple Savings Bank Account and he / she is not allowed to have any other type of SB account.
Other Products / Services / Deposits
TMB Simple Savings Bank Account Holder can have any number of Term / Fixed Deposit, RD etc. accounts.
Other Services and Charges not defined
As applicable for ordinary Saving Accounts.

Most Important Terms & Conditions governing SB Account Operations: