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Our Correspondent

Madurai April 26 The Tuticorin-based Tamilnad Mercantile Bank (TMB) organised recently a financial inclusion camp in all its 183 branches to provide banking facilities to sections of the disadvantaged and low-income groups, under its newly formulated `TMB Janatha Savings Bank Scheme'. Remitting a minimum amount of Rs 5, a savings account could be opened under the scheme and the bank would provide TMB Surabi ATM cards free to the customers for operating 10 debit and credit transactions in a month. They would also be provided with computerised passbooks without any cost. It also offered an insurance-linked recurring deposit scheme - Siranjeevee Recurring Deposit - as a social security with a monthly instalment of Rs 100 for seven years with a life cover of Rs 22,000 and a double accident cover of Rs 34,000, according to a TMB press release.

More Stories on : Private Banks | Tamil Nadu

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