Overview

Tamilnad Mercantile Bank (TMB) offers banking products and services in India. The company was incorporated on 11th May 1921 and provides its customers with personal, corporate, and NRI banking products and services. In India, it was the first ever private sector bank to pioneer computerized operation at the branch level, all of its bank branches use FINACLE software from Infosys to get full connectivity. TMB has a total of 509 branches, 12 regional offices, 6 central processing centers, a service branch, and 1151 ATMs all over India to serve a customer base of 4.93 million people. TMB provides personal banking products and services such as savings accounts, fixed and recurring deposits, personal and home loans, vehicle loans, education loans, gold overdrafts, loans against sovereign gold bonds, debit and credit cards, services like Demat account, internet and mobile banking, equity trading account, PoS terminals, online bill payment, e-tax payment, mutual fund, insurance services and a lot more. The company also offers corporate banking products and services, such as current and super flexi current accounts, loans on commercial vehicles, traders and services, vehicle finance for educational institutions, secured overdraft, Forex services, and various services like treasury, e-stamping, and bancassurance. NRI banking products and services, include NRI saving, recurring deposits, term deposit accounts, NRI loans, money transfer services, cards, and online banking services.

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