Verified Bank Tariff

Tamilnad Mercantile Bank Limited Charges & Fees

Charges verified
4
4 checked rules · 4 fee categories · 1 account variant

Complete official Schedule of Charges for Tamilnad Mercantile Bank Limited. Every fee entry is backed by verified citations, 18% GST treatment, waiver conditions, and RBI dispute rights.

Figures are the bank’s own, before GST unless a rule says otherwise.Last verified
Tamilnad Mercantile Bank Limited
Cheapest: RTGS freeCostliest: RTGS up to ₹0

At a glance

Tamilnad Mercantile Bank Limited’s own figures, before GST. Tap a figure for its source.

Verified Fee Categories for Tamilnad Mercantile Bank Limited

Cheque charges1 checked entry
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TMB Santhosh Savings Bank Account · Branch

₹0 (Free)

Trigger Condition

TMB Santhosh Savings Bank Account only. The source states a free personalized cheque book of 20 leaves per financial year; no beyond-allowance fee is inferred.

GST: Does not apply (Zero tax)
Official Source Schedule

Verified on 2026-08-15

Minimum balance charges1 checked entry
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TMB Santhosh Savings Bank Account · General

₹0 (Free)

Trigger Condition

TMB Santhosh Savings Bank Account only; eligibility is resident individuals aged 60+ (first applicant senior citizen for joint accounts).

GST: Does not apply (Zero tax)
Official Source Schedule

Verified on 2026-08-15

NEFT charges1 checked entry
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TMB Santhosh Savings Bank Account · Other

₹0 (Free)

Trigger Condition

TMB Santhosh Savings Bank Account only; source states Free RTGS and NEFT Charges without narrowing channel.

GST: Does not apply (Zero tax)
Official Source Schedule

Verified on 2026-08-15

RTGS charges1 checked entry
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TMB Santhosh Savings Bank Account · Other

₹0 (Free)

Trigger Condition

TMB Santhosh Savings Bank Account only; source states Free RTGS and NEFT Charges without narrowing channel.

GST: Does not apply (Zero tax)
Official Source Schedule

Verified on 2026-08-15

What Tamilnad Mercantile Bank Limited prints on your statementStatement narrations · 4 decoded

4 narrations decoded against Tamilnad Mercantile Bank Limited's own schedule of charges — the plain-English and Hinglish meaning, the exact amount including GST, and how to avoid it.

CHQ BOOK CHG

A charge for cheque leaves issued beyond the free allowance for the year.

MIN BAL CHG

A penalty for not keeping the required average balance in your account for the month or quarter.

NEFT CHG

A charge on an outward NEFT transfer. Under RBI rules NEFT sent through internet or mobile banking on a savings account carries no charge.

RTGS CHG

A charge on an outward RTGS transfer. RTGS is used for amounts of Rs 2 lakh and above.

Annual Account Leakage AuditHow much is Tamilnad Mercantile Bank Limited quietly deducting every year?
Annual Account Leakage Audit

How much is Tamilnad Mercantile Bank Limited quietly deducting from your account every year?

Run our 60-second audit to total the charges we can trace to published tariff documents.

Audit My Tamilnad Mercantile Bank Limited Fees
Official Tamilnad Mercantile Bank Limited tariff documentsThe bank’s own Schedule of Charges and website
Official Tariffs: Visit Tamilnad Mercantile Bank Limited’s official website
Disputing a Wrongful Charge at Tamilnad Mercantile Bank LimitedDispute & Refund Assistance · RBI three-level route

Under Reserve Bank of India (RBI) consumer protection directives, account holders have statutory rights to claim refunds for unauthorized debits, failed ATM transactions, or penalties debited without prior notification.

LEVEL 1

Branch / Helpdesk Ticket

Email Tamilnad Mercantile Bank Limited customer service quoting the transaction ID and account details. TAT: 7 working days.

LEVEL 2

Principal Nodal Officer

If unresolved within 7 days, escalate to Tamilnad Mercantile Bank Limited's Principal Nodal Officer (PNO). TAT: 14–30 days.

LEVEL 3

RBI Banking Ombudsman

Lodge a statutory complaint on the RBI CMS Portal (cms.rbi.org.in) if rejected or delayed past 30 days.

Need a pre-filled grievance email draft for AMB penalties or debit card AMC?

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Frequently Asked Questions (Tamilnad Mercantile Bank Limited)4 questions

What is the minimum balance (AMB) requirement in Tamilnad Mercantile Bank Limited?

In Tamilnad Mercantile Bank Limited, the minimum average balance (AMB/MAB) varies by account tier and branch location. Regular savings accounts in metros typically require maintaining the published threshold, while salary accounts and BSBDA zero-balance accounts have ₹0 AMB requirements.

What are the debit card annual maintenance charges (AMC) for Tamilnad Mercantile Bank Limited?

Debit card maintenance charges at Tamilnad Mercantile Bank Limited are billed annually based on card variant plus 18% GST.

Can Tamilnad Mercantile Bank Limited deduct minimum balance penal charges without sending an SMS?

No. Under RBI Master Direction (DBOD.No.Leg.BC.21/09.07.006/2015-16), Tamilnad Mercantile Bank Limited is legally mandated to notify the customer via SMS or email giving them a 30-day notice window to restore their balance before any penalty can be debited. If debited without prior notification, you are entitled to a full reversal.

How do I dispute a wrongful fee or charge deducted by Tamilnad Mercantile Bank Limited?

To dispute a wrongful deduction at Tamilnad Mercantile Bank Limited: (1) Send an email to the Branch Manager / Customer Service citing the relevant RBI circular and transaction ID. (2) If unresolved within 7 days, escalate to Tamilnad Mercantile Bank Limited's Principal Nodal Officer (PNO). (3) If unresolved after 30 days, lodge a complaint with the RBI Banking Ombudsman via the CMS portal (cms.rbi.org.in).