Author
LoansJagat Team
Read Time
9 Minute
14 Jan 2025
It happened with Raj from Goa, a small-time businessman with big dreams. For him, money was a huge challenge, and, therefore, support from TTMS Bank came in handy in helping him dream big. So, Raj would grow his business and secure a future for his family through the loan, savings, and net banking services of this bank.
As such, TTMS Bank aspires to assist people like Raj in realizing their short-term and long-term financial goals. The bank is more focused on giving its clients financial education and support, ensuring the members' improvement in social and economic well-being.
Like Raj, millions of people today are now using new payment methods for managing their finances. UPI had a record ₹18.41 lakh crore in January 2024, an almost 1% rise compared with the previous month's ₹18.23 lakh crore. That was also an increase of 42% over the year, further evidence of digital payment growth.
In line with such trends, TTMS Bank stands as a haven for safe and easy digital banking. From loans to savings accounts to UPI, TTMS Bank believes that everyone should lead a better life and reach the pinnacles of financial prosperity.
What is TTMS?
TTMS is short for Tirumalla Tirupati Multistate Co-Operative Credit Society Limited. It works in Maharashtra, Karnataka, and Goa to bring about financial and social upliftment for its members. The bank gives small loans, encourages saving habits, and offers products such as fixed deposits, recurring deposits, monthly income schemes, and many others.
The bank's registered office is at 402, Indira Bhavan, Khar (West), Mumbai, 400052, India. It has a Fixed Deposit and Ujjwal Bhavishya Yojana.
Here’s the information about the services offered by TTMS Bank Net Banking in a table format:
Service | Description |
Quick Transfers | Transfer up to Rs 25,000 per day to new beneficiaries. |
Deposit Account Management | Open, close, and renew deposit accounts. |
Bill Payment | Pay electricity bills and other bills. |
Recharge | Recharge your phone. |
Request Checkbooks & Debit Cards | Request chequebooks and ATM/debit cards. |
Transaction History | View your transaction history. |
Complaint History | View complaint history for agents. |
Benefits of using TTMS Net Banking
These are some of the facilities offered by TTMS Net Banking with Tirumalla Tirupati Multistate Co-Operative Credit Society Limited
Disclaimer: If you don't remember your USER ID, then call the customer care of TTMS. Or, you can find the message when you register your account in the TTMS. That message will contain your USER ID and password for login.
Here is the information about the limits and charges for transferring funds via TTMS Net Banking in a table format
Transfer Type | Charges and Limits |
NEFT (National Electronic Funds Transfer) | No charges for receiving NEFT transfers. Charges for initiating NEFT transfers depend on the amount. Example: HDFC Bank charges ₹2.50 + GST for transfers up to ₹10,000. |
IMPS (Immediate Payment Service) | Charges depend on the sender's bank and the amount. Charges range from ₹2.50 to ₹25 + GST. The maximum limit per day is ₹5 lakh. |
Third-party Transfers (HDFC Bank) | The default limit is ₹2 lakh. You can set your limit between ₹10,000 and ₹50 lakh. Limits can be reset as needed. Restriction on third-party transfers for the first 24 hours after registration. |
Here are some steps to safely use TTMS net banking.
TTMS Bank offers services like loans, savings plans, and digital banking features to people such as Raj. Taking into account the increasing usage of digital payments, TTMS Bank also uses secure and easy-to-use net banking and mobile banking services.
From funds transfers to account management to financial education, TTMS Bank is there to make sure that its members are financially successful and lead healthy lives. Offering convenience and security, TTMS is sure to give a better future for all.
Q1: How long has Tirumala Bank been in operation?
The history of Tirumala Bank was that it was established in 1998 under the registration number TA1444. It was first registered as a co-operative society on August 6, 1998, but it was later licensed from RBI with License number [RBI License No.].
Q2: Is it safe to invest in Tirumala Tirupati Credit Society?
Yes, Tirumala Tirupati Credit Society is quite safe to invest in. CARE Ratings is also a registered entity with the SEBI and recognized as an External Credit Assessment Institution (ECAI) by the Reserve Bank of India. In the Indian capital market, CARE Ratings enjoys a great brand name, so confidence among the investors emerges.
Q3: Can I apply for a checkbook or debit card through TTMS Net Banking?
Yes, you can request a checkbook or ATM/debit card by logging into TTMS Net Banking and choosing the related option under "Request Checkbooks & Debit Cards."
Other Net Banking Services | |||
About the Author
LoansJagat Team
We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?
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