Tamilnad Mercantile Bank Near Me | Tamilnad Mercantile Bank IPO 2023 - TECHZIDDI (2024)

Table of Contents

Tamilnad Mercantile Bank Near Me

Are you looking for a Tamilnad Mercantile Bank Near Me? Look no further!Tamilnad Mercantile Bank is one of the most popular banks in India and is known for its customer-friendly services. This blog will discuss everything you need to know about Tamilnad Bank, its branches, ATMs, services, and more. We’ll also provide tips on how to find a Tamilnad Bank near you, so you can make the most of your banking experience. So what are you waiting for? Let’s get started and explore the Tamilnad Mercantile Bank near me!

What is Tamilnad Mercantile Bank?

Tamilnad Mercantile Bank (TMB) is an Indian bank headquartered in Thoothukudi, Tamil Nadu. It was established in 1921 as the Nadar Bank but was later renamed Tamilnad Mercantile Bank in November 1962.

Tamilnad Mercantile Bank Ltd is a leading financial institution in South India, having a strong presence in Tamil Nadu, Kerala, Karnataka, and Andhra Pradesh. It has received numerous awards, including the best Bank award from The Economic Times in 2012 and the Skoch Financial Inclusion award in 2013.

Is There a Tamilnad Mercantile Bank Near Me

Tamilnad Mercantile bank has a network of over 1,000 branches and 2,000 ATMs spread across the country. To find the nearest Tamilnad Mercantile Bank branch, you can use the bank’s locator tool. The tool allows you to search for a branch in your vicinity using the bank’s address, city, state, or zip code.

You can also filter your search results by selecting the services provided by the branch, such as ATMs, cash deposition, locker facilities, and more. The tool also shows you the distance of the branch from your current location.

What is Tamilnad Mercantile Bank Net Banking?

Tamilnad Mercantile Bank Near Me | Tamilnad Mercantile Bank IPO 2023 - TECHZIDDI (1)

Tamilnad Mercantile Bank offers its customers an efficient and secure net banking system. With this system, customers can perform banking tasks easily and conveniently and benefit from the improved security offered by the bank.

Using the net banking system offered by TMB has several advantages:

  1. Customers can save time, as they do not need to visit bank branches to carry out banking tasks.
  2. Customers can manage their finances conveniently, as they can access the net banking portal from any location.
  3. Customers can benefit from the improved security offered by the bank, as all their personal and financial data is securely stored and encrypted.

What is Tamilnad Mercantile Bank Share Price?

Tamilnad Mercantile Bank Near Me | Tamilnad Mercantile Bank IPO 2023 - TECHZIDDI (2)

Tamilnad Mercantile Bank’s share price has been moving up and down in the past month, with a -2.75% decline in the past month and a -1.71% decline year-to-date. On February 6, 2023, the share price was 471.80, with a 0.30% increase from the previous day.

The Day Range of the share price was 467.30 to 475.40, while the 52 Week Range was 463.55 to 548.50.

What is Tamilnad Mercantile Bank IFSC Code?

Tamilnad Mercantile Bank (TMB) uses Indian Financial System Codes (IFSC) to identify its branches. IFSC codes are 11 characters long and are used for electronic fund transfers like NEFT and RTGS. The first four characters represent the bank code, the fifth character is always “0,” and the last six characters represent the branch code.

TMB’s IFSC code is “TMBL0000001”.

This code is used for all transactions involving the TMB’s main branch. Other branches have their own IFSC codes and are also 11 characters long. For example, Chennai’s IFSC code for the TMB branch is “TMBL0000230”.

To check the IFSC code of any TMB branch, customers can visit the bank’s official website or use a third-party service like the Reserve Bank of India’s (RBI) IFSC search tool. In addition, they must enter the branch name, state, and district to get the correct IFSC code.

What is Tamilnad Mercantile Bank Customer Care Number?

Tamilnad Mercantile Bank Near Me | Tamilnad Mercantile Bank IPO 2023 - TECHZIDDI (3)

The customer care number for Tamilnad Mercantile Bank is 1860 425 0600. This number is available 24×7, so customers can call anytime to get their queries addressed. The customer care team is highly trained and can help customers from the comfort of their homes or office.

Suppose customers have any queries related to their accounts, such as balance inquiries, account statements, or loan repayment. In that case, they can call the customer care number and get their queries addressed. They also have the option to contact the customer care team through email or web chat.

What is Tamilnad Mercantile Bank Balance Check Number?

Tamilnad Mercantile Bank offers customers an easy way to check the balance on their accounts with the Balance Check Number (BCN). The BCN is a unique 10-digit number linked to a customer’s bank account. To check the balance, customers can call the bank’s customer service department, use the bank’s mobile app, or log on to the bank’s website.

Customers will be asked to provide their 6-digit PIN when checking the balance with the BCN. This number is given to customers when they open an account. After entering the BCN and PIN, customers will be given their current balance and the transactions made on their accounts. Customers can also view their account statements to see any other transactions.

What is the Tamilnad Mercantile Bank IPO?

Tamilnad Mercantile Bank Limited, also known as TMB, went public on December 20, 2018, through its initial public offering (IPO). The IPO price band was set from Rs 118 to Rs 119 per share.

The bank had raised around Rs 733 crore through the IPO. The money was used to improve its capital adequacy ratios and support organic growth. The issue was covered 1.22 times with demand for around 8.92 crore shares.

What is Tamilnad Mercantile Bank Internet Banking?

Tamilnad Mercantile Bank Internet Banking is an online banking system that allows customers to securely manage their bank accounts and undertake a variety of financial transactions from the comfort of their home, office, or anywhere in the world.

Customers can open new accounts, check balances, transfer funds, pay bills, and more through the internet banking platform. The system also provides various other features such as loan and credit products, investments and savings options, and access to other financial services.

What is Tamilnad Mercantile Bank Limited Total Assets?

Tamilnad Mercantile Bank Limited (TMB) reported total assets of ₹2,084.4 billion for the year ended, a rise of 7.7% compared to the previous year. TMB’s total assets comprise various investments, such as loans, deposits, and government securities. The bank’s non-interest income (NII) to total assets ratio was 1.55%. The operating profit to total assets (OPTA) ratio was 0.00%. The operating expenses to total assets (OETA) ratio was 0.38%.

Conclusion – Tamilnad Mercantile Bank Near Me

Tamilnad Mercantile Bank (TMB) is a well-established financial institution that has been serving the people of India for nearly a century. With a wide network of branches and ATMs, finding a TMB near you is quite easy.

Whether you need a personal loan, a savings account, or simply want to deposit, TMB has got you covered. With its commitment to providing excellent service and products, TMB is an excellent choice for anyone looking for a reliable and trustworthy banking partner. So, if you’re looking for a bank to help you achieve your financial goals, visit a TMB near you today!

Also read

  • What is Nainital Bank Net Banking?|What is Nainital Bank IFSC Code 2023?

  • What is CSB Bank Account?|How to Check CSB Bank Account Balance in 2023?

  • RBL Bank Near Me | What is RBL Bank Share Price 2023 | What is RBL Bank Share Price NSE?

Related

Tamilnad Mercantile Bank Near Me | Tamilnad Mercantile Bank IPO 2023 - TECHZIDDI (2024)

FAQs

Is it good to buy Tamilnad Mercantile Bank IPO? ›

Tamilnad Mercantile Bank IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Tamilnad Mercantile Bank IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

What will be the IPO price of TMB? ›

The allotment for Tamilnad Mercantile Bank IPO was finalized on Monday, September 12, 2022. The shares got listed on BSE, NSE on September 15, 2022. Tamilnad Mercantile Bank IPO price band is set at ₹500 to ₹525 per share.

What is the interest rate for fixed deposit in TMB? ›

Tamilnad Mercantile Bank (TMB) FD Interest Rates. Tamilnad Mercantile Bank offers FD interest rates of 5.25-7.50% p.a. to the general public and 5.25-8.00% p.a. to senior citizens on tenures ranging from 7 days to 10 years.

What is the lock in period for TMB shares? ›

The lock-in period for Tamilnad Mercantile Bank varies depending on the category of investors: 1. For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Tamilnad Mercantile Bank. 2.

Is it safe to buy IPO? ›

Is IPO investment a wise decision? Despite all the pros and cons, investing in IPOs can be an excellent way to add high-quality stocks to your portfolio. They may suffer from volatility in the short term; however, if your investment horizon is long enough, there is a high chance of getting lucrative returns.

How do I know if my IPO is good or not? ›

Here's a quick look at the steps that you can follow to ensure that you invest in a good IPO.
  1. Get access to the prospectus. ...
  2. Focus on the financials. ...
  3. Check out the purpose and objectives of the IPO. ...
  4. Get an idea of the demand for the public issue. ...
  5. Analyse the future growth prospects of the company. ...
  6. Conclusion.

What is IPO price target? ›

What is IPO's average 12-month price target, according to analysts? Based on analyst ratings, IPO's 12-month average price target is $45.32.

Who to invest in IPO? ›

How Do You Invest in IPO Shares? To invest in IPO shares, you must first open a Demat account as well as a trading account. Only Demat accounts are typically required to purchase shares in an IPO.

What is IPO list price? ›

The IPO price is the offering price at which shares are offered to the public in an IPO. The listing price is the opening price of the shares when they are listed on the stock exchange.

What is the interest rate for 1 lakh in TMB? ›

Domestic & NRO Term Deposits
PeriodGeneral Public (Below 2 crore) New w.e.f 10.04.2024Senior Citizens (Below 2 crore) New w.e.f 10.04.2024
20 months & 20 days7.007.50
Above 20 months 20 days to less than 2 years7.007.50
2 years to less than 3 years6.757.25
3 years to 10 years6.507.00
12 more rows

Who pays highest interest on FD? ›

Comparison of FD rates
  • AXIS Bank. 5.75% - 7.00%
  • SBI Bank. 4.75% - 6.50%
  • Equitas Bank. 3.50% - 7.25%
  • HDFC Bank. 4.50% - 7.00%
  • ICICI Bank. 4.50% - 6.90%
  • Canara Bank. 5.50% - 6.70%
  • Bank of Baroda. 5.50% - 6.50%
  • Punjab National Bank. 4.50% - 6.50%

Which bank is best for FD? ›

Best FD Interest Rates in India 2024
NameBank / NBFCRegular FD Rates
Union BankBank7.25%
CitibankBank7.20%
RBL BankBank8.10%
Indian BankBank7.25%
13 more rows

Is TMB good for long-term investment? ›

Canara Securities: Subscribe for long-term gains

This brokerage said deposits and advances over FY20-22 grew 10.46 per cent and 9.93 per cent CAGR for TMB, which was better than peers. Net profit also grew by 41.99 per cent CAGR FY20-22, which was better than peers.

Can I sell IPO shares on listing day? ›

Investors can sell IPO shares on the listing day, typically starting from 10:00 a.m. until 3:30 p.m. Selling IPO shares on the listing day involves using a preferred stockbroker's trading platform, navigating to the holdings section, selecting shares to sell, choosing quantity and price, and executing the sell order.

Is there lock in period for IPO? ›

The lock in period for an IPO is usually set at six months. However, it can be extended to 1 year. During this period an investor is not allowed to sell their shares. The purpose of a lock in period is to stabilise a company's share price before its investors can cash out.

Is it good to buy TMB bank shares? ›

The bank is quoting a P/E of 9.11, which is lower than some of the listed peers like City Union Bank and Federal Bank. Hence, at the listing price, TMB looks attractive. For Return on Equity ratio, the company outperformed peers at 16.58% in FY22, while its peers reported a median of 8.30%.

Is it safe to invest in TMB bank? ›

TMB also has a strong market presence in Tamil Nadu & focuses on expanding its footprints in the other regions of India. However, The Reserve Bank of India has imposed some curbs (4 bans) on TMB in the year 2019. In March 2021, RBI revoked only three of the bans imposed on TMB.

Is TMB good for long term investment? ›

Canara Securities: Subscribe for long-term gains

This brokerage said deposits and advances over FY20-22 grew 10.46 per cent and 9.93 per cent CAGR for TMB, which was better than peers. Net profit also grew by 41.99 per cent CAGR FY20-22, which was better than peers.

Which IPO is better to invest? ›

TOP PERFORMING IPOs
IPO NameLTP ()CHG (%)
Alpex Solar Ltd510.75344.13
KP Green Engineering Ltd557.1286.88
Docmode Health Technologies Ltd261.55231.08
Rudra Gas Enterprise Ltd205.5226.19
6 more rows

Top Articles
Latest Posts
Article information

Author: Foster Heidenreich CPA

Last Updated:

Views: 6218

Rating: 4.6 / 5 (56 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Foster Heidenreich CPA

Birthday: 1995-01-14

Address: 55021 Usha Garden, North Larisa, DE 19209

Phone: +6812240846623

Job: Corporate Healthcare Strategist

Hobby: Singing, Listening to music, Rafting, LARPing, Gardening, Quilting, Rappelling

Introduction: My name is Foster Heidenreich CPA, I am a delightful, quaint, glorious, quaint, faithful, enchanting, fine person who loves writing and wants to share my knowledge and understanding with you.