Tamil Nadu Grama Bank, a Regional Rural Bank (RRB) was formed as an amalgamation of Pallavan Grama Bank sponsored by the Indian Bank and Pandyan Grama Bank sponsored by the Indian Overseas Bank. This notification was passed vide the Gazette notification dated 28th of January, 2019 by the Ministry of Finance, Government of India, conferred under Regional Rural Banks Act of 1976 and was made effective from the 1st of April, 2019.
Tamil Nadu grama bank is also shortly known as TNGB. The headquarters of TNGB is located at Salem in Tamil Nadu. The bank is under the ownership of the ministry of finance, the government of India. The state and central government jointly own TNGB. The Tamil Nadu grama bank consists of nearly 630 branches in 32 districts of Tamil Nadu. There are nearly 2500 employees working in Tamil Nadu grama bank.
Salient Features of Tamil Nadu Grama Bank
- The bank consists of a remarkable number of 630 branches in 32 districts of Tamil Nadu.
- It enables 100% Core Banking Solutions (CBS) Platform, which allows customers to operate their accounts, and also avail the banking services regardless of the branch where the account is maintained.
- Tamil Nadu Grama Bank has been rated ‘A’ by the National Bank for Agriculture and Rural Development (NABARD)
- The bank also provides international money transfer facilities.
- Apart from these, various online and offline payment modes are also offered by the bank.
Mission & Vision
The primary mission of the Tamil Nadu Grama Bank is to provide banking services with simplified systems and procedures at an affordable cost. The bank also believes in serving customers with ease and in extending the banking services to the State’s last-mile person as well. Their sole vision is to scale-up Tamil Nadu Grama Bank to greater heights and to evolve as the No. 1 household name in the State of Tamil Nadu.
Amalgamation
When two or more companies merge and work together then it is known as amalgamation. In this process a new entity is formed between the companies to house the assets and liabilities of both companies
Area of Operation
Prior to the amalgamation, the pandyan grama bank worked in 16 districts with virudhunagar as its headquarters. The Pallavan grama bank worked in 16 districts with Salem as its headquarters. After the amalgamation of pandyan and pallavan grama bank, it is working as Tamil Nadu grama bank in all 37 districts in Tamil Nadu. Tamil Nadu grama bank is not in Chennai as its headquarters is in Salem.
Share Capital
There are three shareholders for Tamil Nadu grama bank. The paid-up capital for Tamil Nadu grama bank is around 46.96 crores. The three shareholders of Tamil Nadu grama bank are
- Government of India.
- Government of Tamil Nadu.
- Indian bank.
The paid-up capital of the government of India is nearly 50% which is Twenty-three crores forty-eight lakhs(234800000).
The paid-up capital of the government of Tamil Nadu is nearly 15% which is seven crores four lakhs(70400000).
The paid-up capital of Indian banks is nearly about 35% which is sixteen crores forty-four lakhs(164400000).
IFSC Code
The IFSC stands for Indian financial system code. The IFSC code is always an eleven-digit alphanumeric code. This IFSC code is mainly used for online fund transfer transactions between one bank to another.
In the eleven-digit IFSC code, the first four-digit represents the bank and the last six-digit numbers represent the branch. The fifth character is zero.
Benefits of IFSC code:
- It helps in making financial transactions easier.
- The fund transferring process is faster.
- Reduces the potential frauds.
- Helps in making easy fund transfer.
- Online banking mode is made easier using the IFSC code.
- NEFT-National Electronic Fund Transfer.
- RTGS-real time gross settlement.
- IMPS-immediate payment services.
These are some of the benefits or uses of IFSC code.
TNGB IFSC Code:
Let us take the IFSC code of pallavan grama bank.
The IFSC code is IDIB0PLB001.
From this we can find the branch code is PLB001.(since the last six digits represent branch code).
This code is used for real time gross settlement and national electronic fund transfer.
The address of this bank is 6,Yercaud road ,Hastampatti,Salem 636007,Tamilnadu.
These are the things we can find from the IFSC code
Branches of TNGB
1.BRANCH CODE:60067
BRANCH NAME:PANAMARATHUPATI.
DISTRICT:SALEM.
PINCODE:636204.
2.BRANCH CODE:60072.
BRANCH NAME:SALEM.
DISTRICT:SALEM.
PINCODE:636007.
3.BRANCH CODE:60083
BRANCH NAME:VALAPADI.
DISTRICT:SALEM
PINCODE:636115.
4.BRANCH CODE:60093
BRANCH NAME:MAGUDANCHAVADI.
DISTRICT.SALEM.
PINCODE:637103.
5.BRANCH CODE:60099.
BRANCH NAME:NANGAVALLI.
DISTRICT:SALEM.
PINCODE:636454.
6.BRANCH CODE:60100.
BRANCH NAME:VEERAGANUR.
DISTRICT:SALEM.
PINCODE:636116.
7.BRANCH CODE:60109
BRANCH NAME:MANIVILUNDAN.
DISTRICT:SALEM.
PINCODE:636112.
8.BRANCH CODE:60121.
BRANCH NAME:SALEM-GUGAI.
DISTRICT:SALEM.
PINCODE:636006.
9.BRANCH CODE:60126
BRANCH NAME:SENTHARAPATTI.
DISTRICT:SALEM.
PINCODE:636110.
10.BRANCH CODE:60139.
BRANCH NAME::PEDDANAICKENPALAYAM.
DISTRICT:SALEM.
PINCODE:636109.
11.BRANCH CODE:60143.
BRANCH NAME:MINNAMPALLI.
DISTRICT:SALEM.
PINCODE:636106.
12.BRANCH CODE:60146.
BRANCH NAME:POOLAMPATTI.
DISTRICT:SALEM.
PINCODE:637107.
13.BRANCH CODE:60155.
BRANCH NAME:SALEM JUNCTION.
DISTRICT:SALEM.
PINCODE:636005.
14.BRANCH CODE:60156.
BRANCH NAME:SALEM PONNAMMAPET.
DISTRICT:SALEM.
PINCODE:636001.
15..BRANCH CODE:60158
BRANCH NAME:UNATHUR.
DISTRICT:SALEM.
PINCODE:636112.
16.BRANCH CODE:60168.
BRANCH NAME:KONNUR.
DISTRICT:SALEM.
PINCODE:636404.
17.BRANCH CODE:60183.
BRANCH NAME:BELUR.
DISTRICT:SALEM.
PINCODE:636104.
18’.BRANCH CODE:60185.
BRANCH NAME:SATHAPADI.
DISTRICT:SALEM.
PINCODE:636121.
19.BRANCH CODE:60196.
BRANCH NAME:KADAYAMPATTI..
DISTRICT:SALEM.
PINCODE:638504.
20.BRANCH CODE:60201.
BRANCH NAME:THOLASAMPATTI..
DISTRICT:SALEM.
PINCODE:636503.
21.BRANCH CODE:60221.
BRANCH NAME:MALLIAKARAI..
DISTRICT:SALEM.
PINCODE:636107.
22.BRANCH CODE:60224.
BRANCH NAME:MUTHUNAICKENPATTI..
DISTRICT:SALEM.
PINCODE:636304.
23.BRANCH CODE:60226.
BRANCH NAME:ALAGAPURAM..
DISTRICT:SALEM.
PINCODE:63601.
24.BRANCH CODE:60239.
BRANCH NAME:SALEM AMMAPETTAI.
DISTRICT:SALEM.
PINCODE:636003.
25.BRANCH CODE:60248.
BRANCH NAME:KAMALAPURAM.
DISTRICT:SALEM.
PINCODE:636309.
26.BRANCH CODE:60242.
BRANCH NAME:ATTAYAMPATTI.
DISTRICT:SALEM.
PINCODE:637501.
27.BRANCH CODE:60247.
BRANCH NAME:D.PERUMAPALAYAM.
DISTRICT:SALEM.
PINCODE:636112.
28.BRANCH CODE:60286.
BRANCH NAME:NARASINGAPURAM.
DISTRICT:SALEM.
PINCODE:636108.
29.BRANCH CODE:60292.
BRANCH NAME:KANJANAICKENPATTY.
DISTRICT:SALEM.
PINCODE:636305.
30.BRANCH CODE:60293.
BRANCH NAME:PERIYAVADUGAMPATTI..
DISTRICT:SALEM.
PINCODE:636354.
31.BRANCH CODE:60299.
BRANCH NAME:KARUMANTHURAI.
DISTRICT:SALEM.
PINCODE:636138.
These are the branches of tamilnadu grama bank (TNGB) in Tamilnadu.
FAQs
Services offered?
Payments Modes
In Tamil Nadu Grama Bank the payment modes permitted are:
- National Electronic Funds Transfer (NEFT)
- Real Time Gross Settlement (RTGS)
- National Automated Clearing House (NACH) & Mandate Management System (MMS)
- Aadhar enabled Payment System (AePS)
- Aadhar Payment Bridge System (APBS) & Direct Benefit Transfer (DBT)
ATM Services
Tamil Nadu Grama Bank promotes ATM Services comprising of RuPay, the new domestic card payment scheme launched by the National Payments Corporation of India (NPCI).
- RuPay Pradhan Mantri Jan-Dhan Yojana (PMJDY) Card
- RuPay Kisan Credit Card (KCC)
- RuPay Gold Card
- RuPay Platinum Card
Miscellaneous Services
In addition to the amenities as mentioned earlier, the Tamil Nadu Grama Bank also consists of the following services.
- Safe Deposit Lockers
- Aadhar Seeding
- Aadhar Enrollment Centers
Loans Offered?
Personal/Individual Loan
Tamil Nadu Grama Bank offers these loans to help every individual meet their financial needs. While availing a personal loan, it is usually not required to pledge any security or collateral. Personal or Individual Loan extended under Tamil Nadu Grama Bank includes:
- Vehicle Loan
- Home Loan
- Home Furnish Loan
- Plot Purchase Loan
- Education Loan
- Mortgage Loan
- Rent Encashment Loan
- Gold Jewel Loan
- Clean Loan
- Solar Loan
Agriculture Loan
These loans are availed to meet the cost of farming, cultivation and to manage the working capital activities regarding agri-business and other associated activities. Tamil Nadu Grama Bank offers loans such as:
- Short term Production Loan – KCC
- Produce Marketing Loan
- Farm Mechanisation Loan
- Land Development and Irrigation Loan
- Loans on Poultry, Dairy and Sheep/Goat
Small Medium Enterprises Loan
These SME Loans are distributed in order to provide the necessary funding for small and medium-sized enterprises. The bank loans serve as supplies for the finance capital of these firms.
Group Loan
These loans are offered to a group of individuals who are often a solidarity group. The purpose of this loan is to ensure collateral or credit guarantee in terms of group repayment. It comprises of:
- Self-Help Group Loans
- Joint Liability Group Loans
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