TMB Bank Savings Account

What is a TMB Bank Savings Account

A TMB Bank Savings Account enables customers to deposit their funds safely and gain interest on the balance while handling daily banking transactions. The bank provides various savings accounts such as General Savings, Visa Savings Account, Santhosh Savings and so on, according to the needs of diverse customers.

Interest charged on the daily closing balance of SB accounts is quarterly compounded. There are also some accounts that offer an automatic sweep-in FD that transfers excess funds into deposits to receive a better TMB Bank FD interest rate.

TMB Bank Savings Account Interest Rates

The following table outlines the savings account interest rates offered by TMB Bank:

*TMB Bank Savings account interest rates w.e.f. June 20th,2025

Types of TMB Bank Savings Account

Here is a breakdown of the different types of savings accounts offered by Tamilnad Mercantile Bank:

1. TMB Royal Savings Bank Account

   The Royal Savings Account is targeted at customers, who have higher balances and are concerned with the high-quality banking services. The required minimum monthly average balance is ₹50,000 in all centres.

2. TMB Premium Savings Bank Account

   This account is the Premium Savings Account, which provides convenience and extra benefits for banking. Metro and Urban centres have a minimum balance of ₹15,000 per month, and Semi-Urban and Rural centres have a minimum balance of ₹10,000 per month.

3. TMB General Savings Account

   It is a straightforward savings account that is offered to people who demand secure and convenient services, such as digital banking facility, and ATM/ debit card services.

4. Little Super Star Savings Account

   This savings account is aimed at children and minors to help them start saving at an early age. It has a minimum monthly average balance of ₹250 and may be operated either by the minor or by the guardian.

5. Dynamic Youth Savings Account

   It is meant to be used by youth and students. It provides convenient banking services, where there is debit card and digital banking. The lowest required minimum balance is ₹1,000 rupees on average.

6. Mahila Subha Savings Account

   The Mahila Subha Savings Account is designed for women and offers convenient banking benefits. It can be a suitable option among the best savings account choices for women customers. The minimum monthly average balance required is ₹5,000.

7. TMB Classic Salary Account

   This is offered to the salaried employees whose salary is deposited into the Tamilnad Mercantile Bank. It is a TMB Bank zero balance savings account with no minimum balance requirement.

8. TMB Visa Savings Account

   The Visa Savings Account has an auto sweep facility which transfers excess money to fixed deposits to get better interest. It has a minimum average monthly balance of ₹5,000.

9. Santhosh Savings Account

   Santhosh Savings Account is targeting senior citizens and the facility is meant to provide convenient banking services. It has the TMB Bank sweep in FD and permits free cash deposit up to ₹ 10,00,000 a month.

Key Features of TMB Bank Savings Account

Tamilnad Mercantile Bank provides several features through its savings accounts to support different banking needs. Here are some of the key features:

• Competitive Interests: Depending on the amount one maintains in the savings account, customers are allowed to earn attractive interest on their savings account balances.
• Daily Balance Interest Calculation: Interest is on the daily ending balance and paid out quarterly and this assists the customers in getting daily accumulated returns on deposits.
• TMB Bank Sweep-in FD Facility: There are savings accounts that have a sweep-in FD facility in which excess funds are automatically swept into fixed deposits. This helps customers secure high FD interest rates.
• Online Banking Access: The Internet banking and mobile banking enable bank users to check balances, transfer funds, and manage their accounts conveniently.
• Standing Instructions Facility: Customers are able to automate routine payments like utility bills, insurance premiums, or loan EMIs directly through their savings account.

Key Takeaways

TMB Bank Savings Accounts are provided in various options that suit various customer demands, which include individual clients, minor clients and other account holders. The interest rates are between 2.75% p.a. and 3.25% p.a. with regard to the balance held.