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The full form of TMB is Tamilnad Mercantile Bank Limited. It was founded in 1921 as Nadar Bank and later renamed Tamilnad Mercantile Bank in November 1962. The idea behind establishing a bank under the Nadar business community actually originated in 1920 during the Anniversary of Nadar Mahajana Sangam. Today, the bank has an extensive network of over 600 branches across India.
| Name of the bank | Tamilnad Mercantile Bank Limited |
| Registered on | May 11, 1921 |
| Headquarters | Thoothukudi, Tamil Nadu |
Also Read: What is the Full Form of BOI?
Is TMB a Government Bank?
Tamilnad Mercantile Bank is actually India’s one of the oldest private sector banks with a rich history of decades. As mentioned earlier, it was established in the year 1921 and was known by the name Nadar Bank.
What are the Functions of TMB?
The TMB offers a wide range of financial services to its customers in categories such as:
- Personal Banking
- Corporate Banking
- NRI
- Agriculture
Its range of services includes:
- Savings Bank Account
- Inclusive Banking
- Digital Banking Services
- Loans
- Deposits
- Current Account
- Forex Services
- Investments and Services
- Business Banking Cards
- Money Transfer
Also Read: What is the Full Form of RBI?
Technology Initiatives of TBM
The Tamilnad Mercantile Bank or TMB is also renowned for its bunch of technological initiatives such as:
- ASBA Services
- Mobile Banking
- Demat Facilities
- Implementation of RTGS/NEFT
- ATM services through the National Financial Switch
- Video conferencing
- Multiple payment gateway services including BillDesk and CCAvenue
How to Find the IFSC Code of the Tamilnad Mercantile Bank?
The IFSC is a unique 11-character code used by the RBI’s NEFT system. It helps to identify the branches of a bank in electronic payment transactions. Every bank has its unique IFSC code consisting of the IFSC code, the state code, the district code, and the branch code.
To find out the IFSC code of the Tamilnad Mercantile Bank, you can use the search tool on the official website of the Reserve Bank of India. You can also choose to contact the bank directly and request the IFSC code.
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