The Hindu Business Line : TMB to launch any bank/branch transfer facility

THE Tamil Nadu Mercantile Bank (TMB) is launching `any bank/branch' money transfer facility for customers under `Real Time Gross Settlement System (RTGS)' from January 14.

The Deputy General Manager (Business Development) of the bank, Mr S. Selvan Rajadurai, in a statement said, the customer can make remittances from a selected TMB branch to another bank's branch located across the country within two hours and at a cheaper cost and high safety.

Forty-five major branches of the bank have been enabled to facilitate the transaction.

One can send/receive payments across the country provided the sending bank as well as the receiving bank are members of RTGS and the particular branch has IFSC code, he added.

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