Tamilnad Mercantile Bank Net Banking - Manage Your Account Online

Beena is a multi-tasking entrepreneur who can now manage all her financial needs with Tamilnad Mercantile Bank (TMB) Net Banking. With a user-friendly service range that covers all aspects—from fund transfers to bill payments and checking balances and investments in mutual funds—Beena can do everything herself from anywhere, saving time and stress. Banking with TMB is never out of reach.

Interestingly, in the past year, 600 Indian banks processed $2.5 trillion, mostly via smartphones, powering mobile payments and QR code transactions. This tech-driven success, however, faces new challenges. The Indian monetary authority has introduced a 5% additional risk factor on deposits made through the internet and mobile banking.

TMB’s Net Banking, like many modern banking systems, embraces these innovations, allowing Beena to complete all her banking needs from home or on the go. Despite regulatory changes, TMB’s seamless service ensures a smooth banking experience, offering a wide range of services, all from the comfort of her fingertips.

What is the Tamilnad Mercantile Bank? 

Tamilnad Mercantile Bank, or TMB, was originally Nadar Bank, established back in 1921. Headquartered in Thoothukudi, Tamil Nadu, the total number of 509 branches located across the country offer services that include ATMs, cash recyclers, and e-banking services. 

Indeed, it was one of the first banks that introduced computerised operations to the nation back in the 1980s and mobile banking later on. The bank offers payment gateways, mutual fund services, demat accounts, and share trading. In 2021, TMB filed for an IPO, which marked a new chapter in its growth. The bank has a rich legacy and continues to lead in banking technology.

Services offered by Tamilnad Mercantile Bank net banking

Here's a table summarising the services offered by Tamilnad Mercantile Bank (TMB) Net Banking

Benefits of using Tamilnad Mercantile Bank net banking

Online transactions: Customers can make transactions using IMPS, RTGS, as well as NEFT. Further, they could pay their electricity, telephone, or mobile bills on time.

Bill payments: A customer can check his account and also see when a particular amount of credit or debit takes place.

Account management: To transfer the required funds across TMB to another bank of his choice.

Fund transfers: To transfer the required funds across TMB to another bank of his choice.

Loan eligibility: The customer can check for TMB loan eligibility and apply for any type of loan.

Insurance and mutual funds: The customer can buy insurance plans or invest in mutual funds.

Demat account management: The customer can manage his Demat account online.

• Fixed and recurring deposit accounts: The customer can open fixed and recurring deposit accounts online.
  
  
• Demand drafts: The customer can request a Demand draft from the bank via this portal.
  
  
• Aadhaar card: Customers can register for an Aadhaar card online and update their Aadhaar & PAN card details.

How to Open a Zero-Balance Tamilnad Mercantile Bank Account

Eligibility criteria for opening savings accounts

• Above the age of 18.
• Below 18 years of age, applicants can open a minor or kids savings account.
• Must be an Indian citizen.
• Foreigners in India can even open specific savings accounts provided by some banks.

Documents required for Tamilnad Mercantile Bank Savings Account

• Proof of Identity: Passport, Valid driver's license, PAN card, Voter ID card, Government-issued photo ID, NREGA card.
• Proof of Address: Passport, Valid driver's license, Passbook (other bank), Electricity or phone bills, Ration card.
• Photographs: Recent passport-size photographs.

Here’s a Step-by-Step Process to Open a Zero-Balance Tamilnad Mercantile Bank Account Online

1. Visit the official webpage of TMB eConnect Net Banking.
2. Locate ‘Online Savings Account’ on the right of the page, and click on it.
3. On the next page, enter your mobile number, email, and Captcha.

Note: Your mobile number should be linked with your Aadhar Card.

Agree to the terms and conditions, and click on ‘Next’.

Enter the OTP received on your registered mobile number and registered email ID, and click on the ‘Submit’ button.

Click on ‘OK’.

Enter your KYC details (like PAN card number, name, and Aadhar card number), and click on ‘Save & Continue’.

Agree to the terms and conditions by clicking on the ‘Agree’ option.

Enter the OTP received on your registered mobile number, and click on ‘Submit’.

Recheck all the details and click on ‘Save & Next’.             

Enter your details (like first name, middle name, last name, DOB, gender, marital status, nationality, address, occupation).

Upload your documents (like a photo and ID proof), and click on ‘Save & Next’.

Select your required services (like debit card type, the purpose of account opening, etc.)

Click on ‘Save & Preview’.

Complete your video KYC.

Agree to the terms and conditions, and click on ‘Connect’.

You’ve successfully opened an account in Tamilnad Mercantile Bank.

Here’s the Step-by-Step Process to Open a Zero-Balance Tamilnad Mercantile Bank Account Via Branch

1. Visit a TMB branch.
   
   
2. Collect the Savings Account Opening Form.
   
   
3. Bring the following documents to the branch:
   
   

• Proof of identity (e.g., Aadhaar card, PAN card, voter ID, passport, or driving license)
• Proof of address (e.g., Aadhaar card, electricity bill, or telephone bill)
• Recent passport-sized photographs

Submit the completed form and documents to the branch.

How to register for Tamilnad Mercantile Bank net banking

1. Visit the official website of Tamilnad Mercantile Bank.
2. Click on the ‘Internet Banking,’ last option in the navigation bar.
3. Click on ‘Net Banking Login’ on the top right corner of the page, in the blue bar.
4. Click on ‘Continue to Login’.
5. On the login page, locate ‘Register for a new user?’ and click on it.
6. Read the terms and conditions, and click on ‘Agree’.
7. Fill in the details (like account number, DOB, PAN card, verification code), and click on ‘Continue’.
8. Enter the OTP received on your registered mobile number, and click on ‘Continue’.
9. Set your User ID and Password, and click on ‘Continue’.
10. Set your security question and answer, set your Transaction Password, and click on ‘Continue’.
11. You’ve successfully registered into Tamilnad Mercantile Bank net banking:

How to log into Tamilnad Mercantile Bank net banking

Here is the step-by-step login process:

1. Visit the official website of Tamilnad Mercantile Bank.
2. Click on ‘Internet Banking’ last option in the navigation bar.
3. Click on ‘Net Banking Login’ on the top right corner of the page, in the blue bar.
4. Click on ‘Continue to Login’.
5. On the login page, enter your user ID, password, and Captcha, and click on ‘Login’.
6. You’ve successfully logged into Tamilnad Mercantile Bank net banking.

Disclaimer: If you don't remember your USER ID, then call the customer care of Tamilnad Mercantile Bank (1800-425-0426). Or, you can find the message when you register your account in the Tamilnad Mercantile Bank. That message will contain your USER ID and password for login.

How to check your balance, withdrawals, deposits via Tamilnad Mercantile Bank net banking

1. Visit the official website of Tamilnad Mercantile Bank.
2. Log into Tamilnad Mercantile Bank net banking (refer to the login steps above if needed).
3. Click on the ‘Passbook’ button.
4. You’ll see details (like account balance, withdrawals, deposits, etc.) on your screen.
   
   

How to reset the password of Tamilnad Mercantile Bank net banking

Here’s the step-by-step process:

1. Visit the official website of Tamilnad Mercantile Bank.
2. Click on ‘Internet Banking’ last option in the navigation bar.
3. Click on ‘Net Banking Login’ on the top right corner of the page, in the blue bar.
4. Click on ‘Continue to Login’.
5. On the login page, click on the ‘Forgot Password’ button.
6. Fill in the details (like customer ID, and mobile number), and click on the ‘Submit’ button.
7. You will receive an OTP on your registered mobile number.
8. Enter the OTP received on your registered mobile number and click on ‘Proceed’.
9. Create your new login password.

How to transfer funds via Tamilnad Mercantile Bank net banking

Tamilnad Mercantile Net Banking users can send money to others through NEFT, RTGS, or IMPS services. While making a fund transfer, an individual needs to add a beneficiary, which includes entering the account number and IFSC code, as well as details about the bank and branch names.

Here’s a step-by-step process on how to transfer funds via Tamilnad Mercantile Bank net banking:

1. Visit the official website of Tamilnad Mercantile Bank.
2. Log into Tamilnad Mercantile Bank net banking (refer to the login steps above if needed).
3. Select the ‘Fund Transfer’ option.
4. Select the mode of transferring funds (NEFT/IMPS/RTGS).
5. Select the beneficiary (If you have already added the beneficiary.)
6. Fill in all the details and click on ‘Pay’.
7. Enter your transaction password and validate the details.
8. A confirmation message will pop up on the screen.
   
   

How to add Payee in Tamilnad Mercantile Bank net banking

1. Visit the official website of Tamilnad Mercantile Bank.
2. Log into Tamilnad Mercantile Bank net banking (refer to the login steps above if needed).
3. Select the ‘Fund Transfer’ option.
4. Select the mode of transferring funds (NEFT/IMPS/RTGS).
5. Click on the ‘Register Beneficiary’ option.
6. Fill in the beneficiary details (like name, account number, IFSC Code).
7. Click on the ‘Add Payee’ button.

Limits and Charges on transferring funds via Tamilnad Mercantile Bank net banking

Here is the information about the charges and limits on transferring funds via Tamilnad Mercantile Bank net banking in a table format:

Keep the following in mind while using net banking

• Keep your password a secret; neither the bank's staff is given any right to ask for your password.
  
  
• Update the bank whenever you change your mobile number because it always sends SMS to authenticate your identity and pass on updates related to your account.
  
  
• Never log in to internet banking from any public Wi-Fi. Instead, log in to your banking using mobile data or a data card.
  
  
• Always log out and close the browser after completing the net banking transaction on a shared device.
  
  
• You need to enter the website address of the bank in the address bar of the browser to access Tamilnad Mercantile Bank net banking. Avoid clicking on any link because scammers might capture your login details.
  
  
• Make sure that the address of the website starts with "https" and look for the padlock symbol showing in the status bar of your browser.
  
  
• Do not answer calls, emails, or SMS asking for your personal information or password from whomever is calling. Be on the lookout for phishing attacks.
  
  

How to check Tamilnad Mercantile Bank account balance online

You can use the following methods:

• Give a missed call to 09211937373 from your registered mobile number.
• Use WhatsApp banking by adding 09282112225 to your contacts and sending a "Hi" message.

How to activate mobile banking in Tamilnad Mercantile Bank

1. Download TMB’s app ‘TMB MBank’ from the Google Play Store or Apple Play Store.
2. Install the application on your device.
3. Open the app and click on ‘Send SMS’.
4. Enter your mobile number and customer ID, and click on ‘Submit’.
5. Fill in your details (like debit card number, expiry date, ATM PIN), and click on ‘Submit’.
6. Set your login PIN and click on ‘Submit’.
7. Now you’re successfully registered.

Now, you can easily log into Tamilnad Mercantile Bank’s app

1. Download TMB’s app ‘TMB MBank’ from the Google Play Store or Apple Play Store.
2. Install the application on your device.
3. Enter your Username and Password and click on ‘Submit’.
4. Set your login PIN and MPIN, and click on ‘Submit’.
5. Now you’re successfully logged in.

How to reset your password for Tamilnad Mercantile Bank’s app

1. Download TMB’s app ‘TMB MBank’ from the Google Play Store or Apple Play Store.
2. Install the application on your device.
3. Click on ‘Forgot login PIN’, and click on ‘Submit’.
4. Enter the OTP received on your registered mobile number.
5. Enter the Login PIN and click on ‘Submit’.
6. Enter the MPIN and click on ‘Submit’.

TMB mobile banking apps

Here is the information about TMB mobile banking apps and their features

How to avail services through SMS and Call

Here is the requested information in a table format

Conclusion

The services of net banking and mobile banking of Tamilnad Mercantile Bank enable Beena, among many others like her, to access any of the range of banking services that come under net banking anytime, anywhere. 

It deals with anything and everything, such as transfers, bill payments, investments, and all kinds of convenience, along with security from the side of TMB. So TMB allows people like Beena to free their time in conducting banking-related services by taking a very user-friendly approach with wide services in its ambit.

FAQs related to Tamilnad Mercantile Bank Net Banking

Q1: After how many wrong attempts my internet banking will get locked ?

Your internet banking access will be locked after 3 consecutive incorrect attempts to enter your login password or answer security questions.

Q2: Who is eligible for internet banking ?

All the account holders having operative accounts, including Savings and Current accounts, and overdraft and cash credit (CC) customers are eligible to access internet banking. NRI account holders are also entitled to access internet banking services.

Q3: Is beneficiary addition required for funds transfer ?

Yes, adding a beneficiary is required for all types of fund transfers, including Third Party transfers, NEFT, RTGS, and IMPS transactions.

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