TMB Dynamic Youth SB A/c : Tamilnad Mercantile Bank

Organisation : TMB Tamilnad Mercantile Bank Ltd
Facility : Dynamic Youth SB A/c

Dynamic Youth SB A/c :
http://www.tmb.in/savings_dynamic_youth/our_latest_savings_bank_account_for_young_dynamic_generation.html
Home Page : http://www.tmb.in/

Dynamic Youth SB A/c :

TMB has enhanced the service offerings for the dynamic and upcoming young generation and this new scheme is being launched with the following features:

Related : TMB Happy Family Banking A/c : www.statusin.in/19441.html

Purpose :
To attract Young / Employed Professionals and Students.
Target Group :
Youth of all sexes in the age group of 18 to 35 years.
Balance in the account :
Minimum Quarterly Average Balance of Rs. 1,000.00. Waiver of minimum balance requirement in the first quarter of opening the account.

Periodicity of interest payment :
Interest is payable half yearly, every February and August on the minimum balance in the account between the 10th and last day of the month.

Nomination Facility : Available.
Value Added facilities : Many Many as follows.
Debit Card : Free Visa International ATM Cum Debit Card
Internet Banking : Free Internet Banking with e-Commerce.

Multi City Cheques : Free Multicity Cheque books [40 leaves in a year].

Any where Banking :
Cash Remittance: Free upto Rs. 1,00,000.00 per day at Parent Branch, Rs. 50,000.00 at Intracity Branch, Rs. 10,000.00 at Satellite Branch. Cash Payment / Withdrawl: Free for Self at all Branches, Upto Rs. 10,000.00 for third party in Satellite and Intracity Branches. Transfers to Intra City Branches: Free.

Free Cheque Collection :
Free Collection of Cheques upto Rs. 25,000.00 per month [Postage will be collected]. After that usual charges will apply.

Multicity Cheque Payment : Free upto Rs. 1,00,000.00 per month on payment of Multicity Cheques payable at other than parent branch.

Demand Draft / Local Draft / Pay Order : Free upto Rs. 25,000.00 for DD/LD/PO in a month thereafter at Rs. 2.00 per Rs. 1,000.00 thereof. Five numbers of DD/LD/PO Free in a particular month and no carry over.

Fund Transfer by NEFT/FTFT : Free upto Rs. 15,000.00 per month. No Carry over.
Inward FTFT/NEFT/RTGS : Free FTFT / NEFT / RTGS inward.
Electronic Clearing Service [ECS] : No charges for both ECS debit and credit transactions.
Other Banks ATM Access : First 5 ATM Cash withdrawals free at NFS / VISA ATMs every month. No carry over.
SMS Banking : Free SMS Alert Facility.
Demat Account : Waiver of demat account opening charges.
Stock Trading Platform : Facility for opening Offline Share Trading account with M/s. Religare Securities Limited.
Passbook : Free Computerized Pass Book.
Avg. Quarterly Balance Waiver : Waiver of minimum balance requirement in the first quarter of opening the account.
Folio Charges : No Folio / Transaction charges.

Personal Accident Insurance :
Free Personal Accident Insurance Cover for Rs. 1,00,000.00.
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.

Non maintenance of average balance :
In case of non-maintenance of quarterly average balance of Rs. 1,000.00, a charge of Rs. 250.00 will be debited for every quarter.

KYC Guidelines :
The accounts should be fully KYC compliant account.
For students: Certificate from Head Master / Principal is sufficient.

Account Closure :
Within 6 Months Rs. 250.00 and Rs. 100.00 for closure in 6 months and later.

Download the Dynamic Youth SB A/c – Schedule of Charges:
Dynamic Youth Savings A/c – Schedule of Charges (Format: Adobe “PDF” Document)