Janatha Savings A/c.

• Interest Rates
• Savings Bank A/c.
• SB Premium A/c
• Current A/c.
• Janatha Savings A/c.
• TMB Visa A/c.
• Fixed Deposit
• Muthukkuvial Deposit
• Navarathnamala
• Cash Certificate
• Pearl Deposit
• Siranjeevee R. Deposit
• Kids Recurring Deposit
• Santhosh Deposit
• Tax Saving Deposits
• TMB Double Deposit
• TMB 400 Days
• Premature Closure

Learn more about the No Frills Interest Bearing Operative Savings Account from TMB.

This account has been specifically targeted for the non urban rural and under privileged masses. As the name implies, this account is primarily for people who wish to start a savings account with an initial deposit of just Rs. 5/-.

Product Highlights:

• Minimum Balance - Rs. 5/-.
• Folio Charges - Nil.
• Charges for non-maintenance of minimum balance - Nil.
• No. of credits allowed in a month - 10.
• No. of debits allowed in a month - 10.
• Account closing charges - Rs. 5/-.
• Duplicate Pass Book Issuing charges - Rs. 5/-.
• Cheques sent for clearing returned - handling charges - Rs. 5/-.

Service Charges & Service Tax on All Charges as Applicable

Product Features:

If the account is transferred to Dormant / in-operative account owing to in-operation continuously for 24 months, then folio charges of Rs.5.00 * per half year will be charged. If the account remains inoperative and there is insufficient balance for debiting folio charges, then the account will be closed on the date of charging folio charges without issuing any notice.

Pass books will be issued and the same should be accompanied for each withdrawal / deposit in to the account.

Deposit of endorsed instruments will not be accepted for collection/clearing, In other words third party instruments will not be acceptable.

Standing instructions are allowed to transfer to RD / NMD / SRD accounts without collecting any charge for such transfer.

Charges for services as applicable to the nature of services such as DD, TT, MT, Local Draft and Cheque collection will be levied as per the "Policy on Bank Deposits".

Nomination facility is available.

KYC (Know your Customer) Norms:

The extant provisions of KYC guidelines are applicable as follows:

Type I

Introduction of the proposed account holder as per the KYC policy of the bank (framed on the lines of RBI's model policy) will not be insisted upon for accounts where evidence as to the identity and address of the customer to the satisfaction of the Bank is produced and the balances in the names of the account holders in all his / her account's are not to exceed Rs. 50000/- on any occasion or a total of not more than Rs. 100000/- in a year is intended for credit into his / her account. In other words, any evidence as to the identity and address of the customer to the satisfaction of the bank will be accepted for opening account without insisting on the full KYC compliance.

However, if at any point of time, the balance in all accounts of a customer with the branch / branches exceed Rs. 50000/- or total credit in the account exceeds Rs.100000/-, no further transaction will be permitted until the full KYC procedure is completed by the customer.

Type II

In all other cases the opening of account and / or operations will be allowed as per the KYC policy of the Bank which includes introduction by a person who has got SB account with satisfactory operations for not less than 6 months period.

Passport size photograph and Form 60 (as required under I.T. Act) are to be furnished for all types of No Frill accounts.

ATM card facility will be optional and at the discretion of the bank.

Immediate credit of cheques for collection will be allowed as in the case of ordinary SB accounts subject to the satisfactory conduct of the account for the past two years as assessed by the Bank.

Facilities not provided under the No frill SB accounts:

• Cheque Book issue - No Cheque Leave will be issued. SB withdrawal forms should be used and pass book is to be accompanied for each deposit / withdrawal.
• No separate statement of account will be issued. If requested a charge of Rs.5/- per folio or as amended from time to time will be charged.
• Statements will not be supplied by E-mail.
• Credit card facility will not be made available.

Pan holders / affluent customers will not be allowed to open account under this scheme as the scheme is for under privileged segments.

Rules and Regulations governing SB Account Operation:

• SB Account Operation Rules and Regulation (Format: PDF Document)