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    TMB Platinum Credit Card (Master & VISA)

    TMB Credit Cards TMB Credit Cards

    TMB Platinum Credit Card offers Flexible Credit limits, Free Joining & Annual Fee, 3 years validity & designed with EMV chip card to our Bank customers those who maintain their indi-vidual Term Deposit of Rs.50,000and above at least for a minimum period of 3 years.

    Features TMB Platinum Credit Card
    Eligibility
    • Any individual against his/her Term Deposit with our Bank.
    • Minimum period of Deposit is 3 years.
    • Deposit Amount - Rs.50,000/- and above.
    Minimum Card Limit Rs.20,000/-
    Maximum Card Limit Rs. 5,00,000/- (restricted upto 75% of Term Deposit)
    Cash advance limit
    • “25% of the sanctioned credit card limit “
    • Per day maximum limit of cash withdrawal is Rs.25,000/- (Subject to cash withdrawal restriction if any by RBI then and there)
    Free Add-on Cards Upto 2 for spouse and children above 18 years of age.
    EMV Chip Card The card variant is issued as Contactless EMV Chip facility card. No charges / fees for Contactless EMV Chip card
    Free Credit Period Upto 45 days
    Card Validity 3 years
    GREEN PIN (Paperless)

    PIN shall not be issued through PIN mailer. Instead, the cardholder can generate the PIN as follows:

    • The welcome kit containing the card will be sent directly to the cardholder through Speed Post.
    • The PIN will be in the form of GREEN PIN (Paperless). After obtaining the card, the Cardholder can generate the Green PIN in the following ways.

    - Cardholder can generate PIN just by inserting their card in any of our TMB ATM using OTP (or)

    - Through Credit card customer Portal by providing Card Number, Expiry Date, Date of Birth and OTP.

    Fees & Charges TMB Platinum Credit Card
    One time card issuance charges Free
    Enrollment / Joining Fee Free
    Annual Fee Free
    Renewal Fee Rs.250/- for primary card; Rs.150/- for Add-on Card.
    Charges for Replacement card Rs.100/-
    Late Payment charges Rs.250/- ( If the cardholder fails to pay the Minimum Amount Due before Payment Due date.)
    Cash Advance - Transaction fee 3% of transaction amount subject to the Minimum of Rs.30/- for every Rs.1000/- or part thereof.
    Charges for cash withdrawal at other bank ATMs 3% of transaction amount subject to the Minimum of Rs.30/- for every Rs.1000/- or part thereof. Plus additional charges levied by the respective banks.
    Finance charges for Cash Withdrawal. 2% per month (24% per annum) from the date of cash withdrawal.
    Charge Slip Retrieval Fee Rs.100/- per charge slip.
    Collection charges for Outstation Cheque Rs.100/- per instrument + other bank charges if any
    Foreign Currency Transaction – Conversion Markup Upto 3.5%
    Duplicate Statement Rs.100/- per statement for statements more than 2 months old
    Cheque dishonor charges or unsuccessful payment instructions Rs.150/-
    Hot listing charges Free
    Others  
    Billing Date 20th of every calendar month
    Due date for payment 5th of succeeding month
    E-statement The monthly account statement will be sent to the Cardholder's E-mail ID (marking a copy to the concerned branch) only.
    Credit Card Payment Procedure within due date.
    • The Credit Card statement will be generated on 20th of every calendar month and sent to the cardholder's email ID.
    • The cardholder has to pay the outstanding amount mentioned in the statement on or before 05th of every month.
    • If unpaid, the linked CASA account of the cardholder will be debited on due date (05th of every month).
    • If the cardholder account is not having sufficient balance for the total amount due on payment due date, then the available amount will be debited from that account and for the remaining amount, system will create Temporary Overdraft (TOD) in the linked CASA account and adjust the total amount due. Also, the card will be blocked temporarily, until the closure of TOD account in full.
    • TOD will carry a ROI of 24% p.a,
    • Interest will be calculated from the date of creation of TOD,
    • If the cardholder wants to repay by availing EMI facility, he/she can convert the transaction(s) into EMI after login in the credit card customer portal. Minimum amount eligible for EMI conversion (single or multiple transaction) is Rs.5,000/- and the maximum amount eligible for EMI option is the card billed amount for the particular billing cycle (It may go upto maximum credit card limit sanctioned to the customer).
    • For unbilled transactions, customer can convert to EMI any time before billing. For billed transactions, customer can convert to EMI within the month end of the billing cycle.
    • The credit limit of the card will be reduced by the TOD outstanding and EMI outstanding if any of the cardholder.
    Modes / Methods of Credit Card Bill payment in Advance

    Internet Banking / Net Banking

    • Using Internet banking, customers can pay the credit card bill amount before the payment due date, by debiting the operative accounts maintained at our bank.

    Over the counter in branches

    • Customers can also pay the credit card bill amount before the payment due date over the counter at any of our branches.

    NEFT/RTGS

    • Customers who have availed our TMB Credit Card, can also make the Bill payment easily through NEFT / RTGS from other bank Account by providing the details as given below
    Beneficiary details Values
    IFSC Code TMBL0000900
    Bank Name Tamilnad Mercantile Bank Ltd
    Branch Address ATM Cell, Chennai
    Account Number <16 digit credit card Number>
    Account Holder Name
    Insurance Coverage Free Personal Accidental cover of Rs.5 lakhs (For death benefit only) shall be provided.

    GST applicable for all the charges and fees will be levied additionally.

    Download the Application Form :