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TMB Current Account

TMB Super Flexi Current Account Scheme

TMB Super Flexi Current Account Scheme

TMB Super Flexi Current Account is a type of current bank account that is offered to people in business. The Tamilnad Mercantile Bank Limited provides an innovative super flexible self-updating current account. Based on the monthly average balance, the account adopts itself to offer unmatched service and privileges based on the previous month Monthly Average Balance (MAB). In this article, we will look at the TMB Super Flexi Current Account Scheme in detail.

Features of TMB Super Flexi Current Account

The features of TMB Super Flexi Current Account are explained in detail below:

  • The trader can have a single combo special anywhere current account with different features based on the balances maintained in the account.
  • From the TMB Super Flexi current account, the customer can get benefits in the ongoing month based on the previous month average balances (MAB) maintained in the account.
  • It will facilitate the business people to enjoy dynamic free limits on Cash Deposit and Free Cheque Books facilities based on the Average Monthly Balance maintained.

Applicability

The following persons are allowed to TMB Super Flexi Current Account

Required Monthly Average Minimum Balance

The required monthly average minimum balance for TMB Super Flexi Current Account is tabulated here:

Sl.NoAccount TypeMonthly Average Balance
1Silver AccountRs. 10,000.00
2New Gold AccountRs. 50,000.00
3Diamond AccountRs. 2,50,000.00

TMB Super Flexi Current Account Working Principle

For existing Accounts of TMB Silver, TMB New Gold, TMB Diamond, TMB Platinum, TMB Pearl and TMB Gold.  The system will calculate the previous month average balance for each account. Based on the previous month average balance in each account, the system will classify each account in any one of the following three subcategories.

  • Silver Account – Rs.10000
  • New Gold Account – Rs. 50,000.00
  • Diamond Account – Rs.250000.00

For that entire month, the account will get all the benefits pertaining to the applicable subcategory. Similarly, in the next month, the system will automatically classify into subcategories applicable for each account based on previous month average balance and the account will also be entitled to subcategory specific benefit according to reclassification, every month.

For New Accounts

The trader has to opt for any one of the three subcategories namely Silver, Gold and Diamond at the time of opening the current account by depositing the applicable monthly average balance.

Non-maintenance of the minimum average balance

If the TMB Super Flexi Current Account is not maintained with the minimum average balance, the customer needs to pay a penalty of Rs.250 + Service Tax Per month.

The account should be converted into an ordinary current account if the default persists for three consecutive months.

Note: No charges will be levied for the first month during which the account is opened.

Cash Withdrawal Details

The TMB Super Flexi Current Account cash withdrawal details are explained in detail below:

  • No limit on Cash Withdrawal at parent Branch for self and Third Party
  • Cash Withdrawal at other Branches is free for self cheques presented by the drawer in person.
  • The TMB bank allows Rs.50000 per day for third-party withdrawals at Satellite branches.

Total Cash Remittance  Limit

Total cash remittance per month in Parent and Satellite Branches are explained here:

Sl.NoTotal Cash Remittance LimitSilver CategoryGold CategoryDiamond Category

1

Monthly free cash remittances limit of MAB of the previous month20 times35 times50times

2

Charges in Parent BranchRs. 1.50 per Rs. 1,000 beyond 20 timesRs. 1.50 per Rs.1,000 beyond 35 timesRs. 1.50 per Rs 1,000 beyond 50 times

3

Charges in Satellite BranchRs. 2 per Rs. 1,000 beyond 20 timesRs. 2 per Rs.1,000 beyond 35 timesRs.2 per Rs.1,000 beyond 50 times

The cheque Book for TMB Super Flexi Current Account

  • The TMB Super Flexi current account enables businesspeople and traders to make direct payments using cheques.
  • The TMB offers anywhere banking facility and payment of cheques in other centres in transfer or clearing is free

Cheque Book Issue Charges

The cheque book issue charges for TMB Super Flexi Current Account are tabulated in detail below:

Sl.NoSilver CategoryGold CategoryDiamond Category
1First 50 cheques leave free at the time of account opening. Thereafter Rs. 3 per leaf.First 100 cheques leave free at the time of account opening. Thereafter Rs. 3 per leaf.Free Unlimited number of cheque leaves.

Other Charges

The other charges related to the TMB super Flexi current account is given in the document:

business_super_flexi_info_02-2-3

Documents Required

The documents required for getting the benefit of TMB Super Flexi Current Account scheme is listed as follows:

Proof of Identity and Address

The applicant has to produce any one of the documents from the list of proof of identity and address:

Identity Proof

  • Passport
  • PAN Card
  • Voter’s Identity Card
  • Driving License with Photograph
  • Identity Card/ confirmation from employer (Subject to the bank’s satisfaction)
  • Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank
  • Identity Card / Document with the applicant’s photo, issued by
    • Central / State Government and its Department
    • Statutory / Regulatory authorities
    • Public Sector Undertakings
    • Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student)
    • Professional bodies such as ICAI, ICWAI, ICSI & Bar Council to their members
    • Credit Cards / Debit Cards issued by banks with photo

Address Proof

  •  Passport
  •  Voter’s Identity Card
  •  Driving Licence
  •  Telephone bill (latest)
  •  Bank account statement
  •  Letter from any recognized public authority
  •  Electricity bill (latest)
  •  Ration Card
  •  Letter from employer (subject to the satisfaction of the bank
  •  Other Bank passbooks
  •  Self-declaration by High Court & Supreme Court Judges giving the new address in respect of their accounts
  •  Identity card with the applicant’s photo  issued by
  • Central / State Statutory/ Regulatory authorities
  • Public Sector Undertakings
  • Scheduled Commercial Bank
  • Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student)
  • Professional bodies such as ICAI, ICWAI, ICSI and Bar Council to their members
  • Government and its Department

Note: For rural branches in the absence of any of the above documents. Certificate from the local body/NGO/MFI will suffice for establishing identity and address of the applicant

For Sole Proprietorship Firms

For Senior Citizens- Proof of DOB

Anyone of the following is required:

  • Government ID card
  • Passport
  • School leaving certificate
  • Driving License
  •  Voter’s ID Card 8. Ration Card
  •  LIC / Insurance Policy
  •  Pension Card
  • Issued Birth Certificate by Government

Procedure to open TMB Super Flexi Current Account

Persons desiring to open TMB Super Flexi Current Account can follow the procedure explained below:

To open a TMB Super Flexi Current Account, the applicant needs to visit one of the Tamilnad Mercantile Bank Limited.

The applicant (individual or entity) need to furnish the appropriate form of application and documents to open a Super Flexi Current Account.

form_7_v2010_compressed

Please note that the branch where you open your TMB Super Flexi Current Account will be considered as the home branch and all the other branches will be considered as remote branches.

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Post by Renu Suresh

Renu is experience content writer specialised in compliances and company rules.

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