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:
To attract Young / Employed Professionals and Students.
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.
Value Added facilities
Many Many as follows.
Free Visa International ATM Cum Debit Card
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.
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.
Rs. 10.00 per quarter.
Waiver of demat account opening charges.
Stock Trading Platform
Facility for opening Off-line Share Trading account with M/s. Religare Securities Limited.
Free Computerized Pass Book.
Avg. Quarterly Balance Waiver
Waiver of minimum balance requirement in the first quarter of opening the account.
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.
The accounts should be fully KYC compliant account. For students: Certificate from Head Master / Principal is sufficient.
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: