TMB Super Flexi Current Account is a type of current bank account that is offered to people in business. The Tamilnad Mercantile Bank Limited provides an innovative super flexible self-updating current account. Based on the monthly average balance, the account adopts itself to offer unmatched service and privileges based on the previous month Monthly Average Balance (MAB).
Applicability
- Individuals
- Sole proprietorship firms
TMB Super Flexi Current Account Working Principle
For existing Accounts of TMB Silver, TMB New Gold, TMB Diamond, TMB Platinum, TMB Pearl and TMB Gold. The system will calculate the previous month average balance for each account. Based on the previous month average balance in each account, the system will classify each account in any one of the following three subcategories.
- Silver Account – Rs.10000
- New Gold Account – Rs. 50,000.00
- Diamond Account – Rs.250000.00
For that entire month, the account will get all the benefits pertaining to the applicable subcategory. Similarly, in the next month, the system will automatically classify into subcategories applicable for each account based on previous month average balance and the account will also be entitled to subcategory specific benefit according to reclassification, every month.
For New Accounts- The trader has to opt for any one of the three subcategories namely Silver, Gold and Diamond at the time of opening the current account by depositing the applicable monthly average balance.
Non-maintenance of the minimum average balance- If the TMB Super Flexi Current Account is not maintained with the minimum average balance, the customer needs to pay a penalty of Rs.250 + Service Tax Per month.
The account should be converted into an ordinary current account if the default persists for three consecutive months.
Features of TMB Super Flexi Current Account
- The trader can have a single combo special anywhere current account with different features based on the balances maintained in the account.
- From the TMB Super Flexi current account, the customer can get benefits in the ongoing month based on the previous month average balances (MAB) maintained in the account.
- It will facilitate the business people to enjoy dynamic free limits on Cash Deposit and Free Cheque Books facilities based on the Average Monthly Balance maintained.
Cash Withdrawal Details
- No limit on Cash Withdrawal at parent Branch for self and Third Party
- Cash Withdrawal at other Branches is free for self cheques presented by the drawer in person.
- The TMB bank allows Rs.50000 per day for third-party withdrawals at Satellite branches.
Total Cash Remittance Limit
Total cash remittance per month in Parent and Satellite Branches are explained here:
| Sl.No | Total Cash Remittance Limit | Silver Category | Gold Category | Diamond Category |
1 | Monthly free cash remittances limit of MAB of the previous month | 20 times | 35 times | 50times |
2 | Charges in Parent Branch | Rs. 1.50 per Rs. 1,000 beyond 20 times | Rs. 1.50 per Rs.1,000 beyond 35 times | Rs. 1.50 per Rs 1,000 beyond 50 times |
3 | Charges in Satellite Branch | Rs. 2 per Rs. 1,000 beyond 20 times | Rs. 2 per Rs.1,000 beyond 35 times | Rs.2 per Rs.1,000 beyond 50 times |
The cheque Book for TMB Super Flexi Current Account
- The TMB Super Flexi current account enables businesspeople and traders to make direct payments using cheques.
- The TMB offers anywhere banking facility and payment of cheques in other centres in transfer or clearing is free
Cheque Book Issue Charges- The cheque book issue charges for TMB Super Flexi Current Account are tabulated in detail below:
| Sl.No | Silver Category | Gold Category | Diamond Category |
| 1 | First 50 cheques leave free at the time of account opening. Thereafter Rs. 3 per leaf. | First 100 cheques leave free at the time of account opening. Thereafter Rs. 3 per leaf. | Free Unlimited number of cheque leaves. |
Documents Required
Proof of Identity and Address- The applicant has to produce any one of the documents from the list of proof of identity and address:
Identity Proof
- Passport
- PAN Card
- Voter’s Identity Card
- Driving License with Photograph
- Identity Card/ confirmation from employer (Subject to the bank’s satisfaction)
- Letter from a recognized public authority or public servant verifying the identity and residence of the customer to the satisfaction of bank
- Identity Card / Document with the applicant’s photo, issued by
- Central / State Government and its Department
- Statutory / Regulatory authorities
- Public Sector Undertakings
- Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student)
- Professional bodies such as ICAI, ICWAI, ICSI & Bar Council to their members
- Credit Cards / Debit Cards issued by banks with photo
Address Proof
- Passport
- Voter’s Identity Card
- Driving Licence
- Telephone bill (latest)
- Bank account statement
- Letter from any recognized public authority
- Electricity bill (latest)
- Ration Card
- Letter from employer (subject to the satisfaction of the bank
- Other Bank passbooks
- Self-declaration by High Court & Supreme Court Judges giving the new address in respect of their accounts
- Identity card with the applicant’s photo issued by
- Central / State Statutory/ Regulatory authorities
- Public Sector Undertakings
- Scheduled Commercial Bank
- Colleges affiliated to Universities (this can be treated as valid only till the time the applicant is a student)
- Professional bodies such as ICAI, ICWAI, ICSI and Bar Council to their members
- Government and its Department
Note: For rural branches in the absence of any of the above documents. Certificate from the local body/NGO/MFI will suffice for establishing identity and address of the applicant
For Sole Proprietorship Firms
- Shop and Establishment certificate / Municipal license
- Sales and Income Tax Returns
- Registration Certificate of Sales Tax
- Chartered Accountant Certificate
- Existing Bank Statement from the current banker for a minimum period of 6 months
For Senior Citizens- Proof of DOB- Anyone of the following is required:
- Government ID card
- Passport
- School leaving certificate
- Driving License
- Voter’s ID Card 8. Ration Card
- LIC / Insurance Policy
- Pension Card
- Issued Birth Certificate by Government
Procedure to open TMB Super Flexi Current Account
Persons desiring to open TMB Super Flexi Current Account can follow the procedure explained below:
To open a TMB Super Flexi Current Account, the applicant needs to visit one of the Tamilnad Mercantile Bank Limited.
The applicant (individual or entity) need to furnish the appropriate form of application and documents to open a Super Flexi Current Account.
FAQs
What is the TMB Super Flexi Current Account Scheme?
The TMB Super Flexi Current Account Scheme is a banking service provided by Tamilnad Mercantile Bank, designed to meet the financial needs of businesses, professionals, and other entities.
What features does the Super Flexi Current Account offer?
The features may vary based on the specific offerings of Tamilnad Mercantile Bank, but typically include features such as unlimited transactions, overdraft facilities, internet banking, mobile banking, and personalized services.
Who is eligible to open a Super Flexi Current Account?
Eligibility criteria may differ based on the bank’s policies, but generally, any individual, partnership, private or public limited company, trust, society, or association can open a Super Flexi Current Account.
Practice area's of B K Goyal & Co LLP
Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online
Company Registration Services in major cities of India
Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow
Complete CA Services
RERA Services
Most read resources
tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password | internal audit applicability | preliminiary expenses | mAadhar | e shram card | 194r | ec tamilnadu | 194a of income tax act | 80ddb | aaple sarkar portal | epf activation | scrap business | brsr | section 135 of companies act 2013 | depreciation on computer | section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta