How safe is Tamilnad Mercantile bank?

It is absolutely safe to open fixed deposit to the extent of Rs. 1 L in any bank including TamilNadu Mercantile Bank. Further it is 93 year old bank. For last 4 years it is making 300 + crores of net profit.

Which bank has better service HDFC or Icici?

ICICI Bank scored higher in 3 areas: Work-life balance, Culture & Values and \% Recommend to a friend. HDFC Bank scored higher in 2 areas: Compensation & Benefits and CEO Approval. Both tied in 4 areas: Overall Rating, Career Opportunities, Senior Management and Positive Business Outlook.

Which bank is best for savings account in Tamil Nadu?

Top Banks that have the Best Savings Account for Individuals

• State Bank of India (SBI) Savings Account.
• HDFC Bank Savings Account.
• Kotak Mahindra Bank Savings Account.
• DBS Bank Savings Account.
• RBL Bank Savings Account.
• IndusInd Bank Savings Account.

What is the minimum balance in TMB bank?

Savings Account Minimum Balance Requirements

Savings Account Type	Minimum Balance required
Savings (AWB) Savings Account	Rural- Rs. 250 (with cheque book), Rs. 100 (without chequebook) Urban- Rs. 500 (with cheque book), Rs. 250 (without cheque book)
Salary SB Savings Account	Nil

Is TMB a Nationalised bank?

The bank has been expanding its footprint all over India. TMB was rated as the fastest growing Private Sector Bank continuously for the five years from 2010 to 2015. It was also rated as the Best Bank in the years 2013, 2014 and 2015, due to its robust growth….Tamilnad Mercantile Bank Limited.

Type	Private
Website	www.tmb.in

When did TMB Bank start?

May 11, 1921
Tamilnad Mercantile Bank Limited/Founded
The bank was registered on May 11, 1921 as “The Nadar Bank Ltd”. A group of dedicated men with shrewd acumen and sound integrity had been constituted as Board of Directors and they elected Shri M.V. Shanmugavel Nadar as Chairman on Nov 04, 1921. The bank was opened by Shri T.V.

How good is Icici Bank?

0.5 4.5/5 “Excellent!” To use ICICI bank account is convenient and they will put the money in Fixed Deposit, if you have some minimum balance even though its a zero balance maintenance account. Its good to use the net banking facility. The customer care service is really good.

Should I open a savings account in ICICI Bank or HDFC Bank?

So, we have seen all the traits of opening an account in ICICI bank and HDFC bank. Both the banks offer equal interest rate for savings account but HDFC bank has more facilities to give to its customers. Hence, you can choose to open your savings account in either of the two banks depending on your requirement.

What is the interest rate of HDFC BSBA savings account?

However, if the account balance is above Rs. 50 lakhs then HDFC savings account interest rate stands at 4\%. Not only this, but HDFC bank also gives the option to open Basic Savings Bank Account or Zero Balance Account. Also, HDFC BSBA savings account provides various other facilities to its customers which are explained below.

Which is the best savings account in India in 2021?

I did in-depth research on major Indian banks to find the best savings account in India in 2021 for various needs like high-interest rates, zero balance offers on debit cards, international debit card, mobile apps, customer service and global reach. #1. Axis Bank Savings Account (For Good Services)

How to invest in fixed deposits from ICICI Bank?

With your savings account from ICICI Bank, you can invest online in a fixed deposit, a recurring deposit, the National Pension System (NPS), or the Public Provident Fund (PPF) right away. When you open a 12-month FD with a minimum of ₹10,000, you can enjoy the benefits of an account with no minimum balance commitment.