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Tamilnad Mercantile Bank

Headquartered in Tuticorin, Tamilnad Mercantile Bank is one of the leading banks in Tamil Nadu. The bank offers a range of banking services and products to a huge customer base in Tamil Nadu and other parts of India.

About Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank was founded in 1921. At the time of its inception, the name of the bank was Nadar Bank. The Nadar Business Community played a key role behind the formation of the bank. The bank was incorporated as The Nadar Bank Ltd. in 1921. The bank has now grown into one of the biggest banks in South India. Tamilnad Mercantile Bank received the license to trade in forex in 1984 which helped its growth significantly. The current MD & CEO of the bank is Thiru G. Nagamal Reddy.

The bank has tie-ups with HDFC Bank in 462 locations and IDBI Bank in 108 locations regarding transaction sharing. 53 branches of the bank are rural branches.

The branches of Tamilnad Mercantile Bank Limited are spread out in the following states:

  1. Delhi
  2. Andhra Pradesh
  3. Karnataka
  4. Gujarat
  5. Maharashtra
  6. Kerala
  7. Pondicherry
  8. Orissa
  9. Rajasthan
  10. Punjab
  11. Uttar Pradesh
  12. Tamil Nadu
  13. West Bengal

Network of Tamilnad Mercantile Bank Limited

The bank has a significant presence in South India with a network of 216 fully computerized and networked branches, 11 Extension Counters, 7 Regional Offices, 6 Central Processing Centres, 2 Mobile Banking Branches, 2 Currency Chests and 144 ATMs. The ATM services of the bank had started from 2003.

Products and services of Tamilnad Mercantile Bank Limited

The products and services offered by Tamilnad Mercantile Bank Limited can be categorized into the following types:

Deposit Schemes

  1. SB Premium A/c
  2. Savings Bank A/c
  3. Classic Salary SB A/c
  4. Dynamic Youth SB A/c
  5. TMB Visa A/c
  6. Janatha Savings A/c
  7. Fixed Deposit
  8. Current A/c
  9. Navarathnamala
  1. Muthukkuvial Deposit
  2. Pearl Deposit
  3. Cash Certificate
  4. Kids Recurring Deposit
  5. Siranjeevee Recurring
  6. Tax Saving Deposits
  7. Santhosh Deposit
  8. TMB Double Deposit

NRI Services

  1. NRE Premium A/c
  2. NRE A/c
  3. NRO A/c
  4. FCNR-B A/c
  1. RFC A/c
  2. SpeedRemit (UAE Exch.)
  3. Western Union Money Transfer
  4. Nostro (Remittances)

Retail Loan

  1. House Rent Loan
  2. Personal Loan
  3. Education Loan
  4. Short Term Education Loan
  5. Two Wheeler's Loan
  6. Doctor Loan
  1. Home Loan
  2. Car Loan
  3. General Credit Card
  4. Gold Overdraft
  5. IPO Finance Loan
  6. Pensioner Loan

Business Loan

  1. Mahalir Loan
  2. Traders Loan
  3. SME Credit
  4. Easy Mortgage Loan
  5. Mini Vehicle Loan
  6. Tractor Loan
  1. Banana Cultivation
  2. Truck Finance
  3. Genset Finance
  4. Channel Finance
  5. Rice Mill

International Banking

  1. Forex Analysis
  2. Forex Services
  3. Inward Remittances
  4. Forex News
  1. Nostro (Remittances)
  2. Outward Remittances
  3. Export Credit Facility
  4. Students Going Abroad

Other Services

  1. Bill Payment Services
  2. e-Tax Payments
  3. SmartShoppers VisaCard
  4. India Card Credit Card
  5. Anywhere Banking
  6. Mobile SMS Banking
  7. Demat A/c Services
  8. Mutual Fund Marketing
  9. RTGS Service
  1. ECS Service
  2. NEFT Service
  3. Bancassurance
  4. Speed Clearing Service
  5. Western Union Money Transfer
  6. NCDEX Clearing
  7. Citizen’s Charter
  8. Compensation Policy
  9. Security Repossession Policy

Tamilnad Mercantile Bank Contact Details

Tamilnad Mercantile Bank Limited

#57, V. E. Road, Tuticorin
Tamilnadu, India. Zip: 628 002
Phone: + 91 461 2321382 / 2321929 / 2321932

Email: bd@tnmbonline.com


Tamilnad Mercantile Bank


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