Simple Savings Bank Account

ATM / Debit Card Fresh / Renewal - Allowed free of charge & No Annual / Renewal Fees
Anywhere Banking
Internet Banking / Mobile Banking / SMS Alert Facility

Any Resident Individual including minors & HUF
There is no restriction on the Age of the account holder
There is no stipulation on the Income of the person
An Individual can hold only one TMB Simple Savings Bank Account and he / she is
not allowed to have any other type of SB account

Minimum Balance Requiremnt

Minimum of four withdrawals free in a month including ATM withdrawals. There after charges ₹10 + GST per transaction. (Through all channels including ATM / BNA, internal transfers, RTGS / NEFT / Clearing / Internet Transfers / Mobile Banking Transfers / Standing Instructions / EMI etc).
No Limit on Cash Remittance / withdrawal at Parent / Satellite Branches
No Limit on Cash Withdrawal by Cheque at Parent / Satellite Branches
Third Party limit at Satellite Branch - ₹10,000 per day, but overall number of withdrawals should not exceed 10 nos. in a month
The TMB Simple Savings Bank Account would be subject to provisions of PML Act and Rules and RBI instructions on Know Your Customer (KYC) / Anti-Money Laundering (AML) for opening of bank accounts issued from time to time.
TMB Simple Savings Bank Account Holder can have any number of Term / Fixed Deposit, RD etc. accounts.