This bank was established in 1921. It is one of the fastest growing banks in India. It is noted for the high level of interest it offers to the NRI deposits as well as for the exemplary service for its Indian and NRI customers.  There are about 509 branches of this Bank and it is spread all over India. The Headquarters of this bank is at Tuticorin. It is a bank that has been growing in terms of technology also.

In line with its technological developments, the Tamilnadu Mercantile Bank offers Intenet Banking and Fund transfer facilities through NEFT, RTGS and

NEFT:

Up to Rs.10.000- Rs. 2.50/- per transaction

More than Rs. 10,000 and less than a lakh- Rs.5/- transaction

From Rs.1 lake -2 lakhs- Rs.15/- transaction

Above 2 lakhs- rs.25/- per transaction

The Time-varying tariff:

9am-12Noon- Nil

12noon- 15.30hrs- RS.1

15.30hrs – 17.30hrs-RS.5/-

Beyond 17.30hrs- Rs.10/

RTGS

Rs,2 lakhs – less than 5 lakhs- Rs.25/- per transaction

Above 5 lakhs-Rs.50/-per transactions.

IMPS

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