RTGS Service

• Service Charges & Fees
• India Card Credit Card
• Anywhere Banking
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• RTGS Service
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Learn more about the Real Time Gross Settlement Service from TMB.

Learn more about the latest technology oriented service being provided by our TMB viz. RTGS. TMB was one of the earliest adopters of RTGS facility in India and currently all our branches are RTGS enabled. Under this system funds can be transferred between two RTGS enabled bank branches irrespective of the bank and the location of the branch.

Reach your beneficiaries within 2 hours:

Every branch of our bank has a distinctive RTGS Code and the same can be seen in the branch network under the details for every branch.

Tamilnad Mercantile Bank Ltd., implemented its ANY BANK / BRANCH Money Transfer facility to its customers under RTGS mode on 14.01.2005. Through this facility one can receive payment from any other banks' branches who are RTGS members having IFS code or make payment to any other banks' branches who are RTGS members having IFS code located across the country within two hours at cheaper cost and at the same time with high safety.

In India, 115 Banks have started RTGS transactions with more than 25000 branches. On 14.01.2005, TMB started this facility with 45 of its branches. The scheme has been receiving good response from the public and the number of transactions through RTGS is on the increasing trend. So TMB decided to have 100% RTGS status for customer transactions and to enable all its 200 branches under RTGS from 8th July 2005. TMB is the First Bank in Tamilnadu and 3rd in India to achieve 100% RTGS Status throughout India at all its branches without exception. It is possible because, TMB has already networked all its 200 branches, all the 7 Regional Offices, Extension Counters and Head Office under the 'Finacle' platform provided by the renowned software major 'Infosys'.

Through RTGS one can send / receive payments across the country to / from any bank / any branch provided sending bank as well as receiving bank are members of RTGS and their branches are RTGS enabled with IFSC Code. RTGS facilitates quick fund transfer and settlements among the banks for inter bank and customer transactions. It reduces the settlement risk, as payments are made online basis. This system is very much useful not only among banks but also for customers as payment / receipt is made on the same day on real time basis and without any risk, i.e., within two hours at cheaper cost, i.e., Rs.1.50 per Rs.1000/- with a minimum of Rs.100 per message for Outward payment and at a flat rate of Rs.50/- for inward payment. This channel increases commission income to Banks.

RTGS Outward Charges:

• RBI Centres: Chennai, Mumbai, Calcutta, Delhi, Ahmedabad, Hyderabad, Trivandrum, Bangalore - Commission 0.50 paise per Rs.1000/- Minimum Rs.100/- & Maximum Rs.2500/-.
• Non-RBI Centres: Commission Re.1.00 per Rs.1000/-. Minimum Rs.100/- Maximum Rs.5000/-.

RTGS Inward Charges:

A flat postage and telegram charge of Rs.50/- per transaction.