Dynamic Youth SB A/c
our latest savings bank account for young dynamic generation
Learn more about the latest TMB Dynamic Youth Savings Bank Account.
TMB has enhanced the service offerings for the dynamic and upcoming young generation and this new scheme is being launched with the following features:
- Purpose
- To attract Young / Employed Professionals and Students.
- Target Group
- Youth of all sexes in the age group of 17 to 35 years.
- Balance in the account
- Minimum Quarterly Average Balance of Rs. 1,000.00. Waiver of minimum balance requirement in the first quarter of opening the account.
- Periodicity of interest payment
- Interest is calculated on daily product basis and payable on quarterly basis.
- Nomination Facility
- Available.
- Value Added facilities
- Many Many as follows.
- Debit Card
- Free Visa International ATM Cum Debit Card
- Internet Banking
- Free Internet Banking with e-Commerce.
- Multi City Cheques
- Free Multi City Cheque books [[20 leaves free p.a. Thereafter Rs. 3.00 per leaf].
- Any where Banking
- Cash Remittance: Free upto Rs. 1,00,000.00 per day at Parent Branch, Rs. 50,000.00 at Intracity Branch, Rs. 10,000.00 at Satellite Branch. Cash Payment / Withdrawal: Free for Self at all Branches, Upto Rs. 10,000.00 for third party in Satellite and Intracity Branches. Transfers to Intra City Branches: Free.
- Free Cheque Collection
- Free Collection of Cheques upto Rs. 25,000.00 per month [Postage will be collected]. After that usual charges will apply.
- Multi City Cheque Payment
- Free upto Rs. 1,00,000.00 per month on payment of Multi City Cheques payable at other than parent branch.
- Demand Draft / Local Draft / Pay Order
- Rs. 2.50 per Rs. 1,000.00, Minimum Rs. 40.00. No carry over.
- Fund Transfer by NEFT/FTFT
- Free upto Rs. 15,000.00 per month. No Carry over.
- Inward FTFT/NEFT/RTGS
- Free FTFT / NEFT / RTGS inward.
- Electronic Clearing Service [ECS]
- No charges for both ECS debit and credit transactions.
- Other Banks ATM Access
- First 5 ATM Cash withdrawals free at NFS / VISA ATMs every month. No carry over.
- SMS Banking
- Rs. 10.00 per quarter.
- Demat Account
- Waiver of demat account opening charges.
- Stock Trading Platform
- Facility for opening Off-line Share Trading account with M/s. Religare Securities Limited.
- Passbook
- Free Computerized Pass Book.
- Avg. Quarterly Balance Waiver
- Waiver of minimum balance requirement in the first quarter of opening the account.
- Folio Charges
- No Folio / Transaction charges.
- Personal Accident Insurance
- Free Personal Accident Insurance Cover for Rs. 1,00,000.00.
- Please Note: The coverage of personal accident insurance cover will be subject to the terms and conditions as well as expiry period of the master policy taken by the bank and the continuation of this facility will be at the sole discretion of the bank.
- Non maintenance of average balance
- In case of non-maintenance of quarterly average balance of Rs. 1,000.00, a charge of Rs. 250.00 will be debited for every quarter.
- KYC Guidelines
- The accounts should be fully KYC compliant account. For students: Certificate from Head Master / Principal is sufficient.
- Account Closure
- Upto 14 days – NIL; Above 14 days: Individuals - Rs. 100.00 + GST. Non Individuals – Rs. 150.00 + GST. Special Category (Individual in Rural Area, Pensioners, Senior Citizens) - Rs. 50.00 + GST.
Most Important Terms & Conditions governing SB Account Operations:
Download the Dynamic Youth SB A/c - Schedule of Charges:
Download the Application Form:
