TMB Santhosh Savings Bank Account

The TMB Santhosh Savings Bank Account is a high-performance financial tool built exclusively to bring maximum comfort, effortless wealth growth, and independent banking to senior citizens. By automatically linking your everyday savings to secure term deposits, it allows you to build a substantial safety net over time by simply saving small amounts.

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Any surplus funds over ₹5,000 are auto-shifted into short-to-medium term deposits in multiples of ₹1,000

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Open individually or jointly—as long as the primary applicant is a senior citizen, your household unlocks all perks.

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Enjoy zero charges on duplicate passbooks, zero statement fees, and absolutely no account closure penalties.

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Attractive interest rates 

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Overview

The TMB Santhosh Savings Bank Account is a dynamic financial hybrid that blends a traditional savings framework with an automated term deposit engine. It is designed to let senior citizens maximize their passive retirement income without having to manually track fixed deposit maturities.

Product Highlights

The standout feature is the intelligent Daily Auto-Sweep Facility. Instead of letting your hard-earned funds sit underproductive in a basic savings account, the bank seamlessly steps up your interest yields daily while maintaining instant liquidity for your emergencies.

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Features and Benefits

Enjoy a complete suite of waivers engineered specifically for senior lifestyles, including high free cash deposit limits, zero charges on banking documentation, and a total waiver of Annual Maintenance Charges (AMC) for your Demat accounts.

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Eligibility

This account is open to all resident individuals aged 60 years and above. For joint account registrations, the first/primary applicant must be a senior citizen to qualify for the scheme's special stipulations and automated features.

Service charges & fees

Here's a transparent view of all applicable charges for your account and related services

Cheque books
facility

20 cheque leaves free per financial year

20 cheque leaves

Minimum monthly
average balance (MAB)

₹0 required for TMB Santhosh Savings Bank Account

₹0 average balance

Cash deposit
free limit

Free up to ₹10,00,000 per month (No counter transaction limit)

Free up to ₹10,00,000

Fund transfer
facility

RTGS and NEFT enabled (Free)

NEFT & RTGS available

Counter cash transactions
per month

Get up to 5 free cash transactions every month, or enjoy this benefit up to your ₹3 lakh deposit limit, whichever comes first

5 free cash transactions

Frequently Asked Questions

Find answers to the most common questions about eligibility, benefits, and
features of the TMB Royal Savings Bank Account

Individuals looking for a simple and convenient savings account can open this account.

Individuals looking for a simple and convenient savings account can open this account.
It offers basic banking facilities with easy operation and access to digital services.

It offers basic banking facilities with easy operation and access to digital services.
Yes minimum balance norms apply as per the bank’s schedule of charges.

Yes minimum balance norms apply as per the bank’s schedule of charges.
Yes a debit card is issued with ATM access.

Yes a debit card is issued with ATM access.
Yes nomination facility is available.

Yes nomination facility is available.
Individuals looking for a simple and convenient savings account can open this account.

Individuals looking for a simple and convenient savings account can open this account.
It offers basic banking facilities with easy operation and access to digital services.

It offers basic banking facilities with easy operation and access to digital services.
Yes minimum balance norms apply as per the bank’s schedule of charges.

Yes minimum balance norms apply as per the bank’s schedule of charges.
Yes a debit card is issued with ATM access.

Yes a debit card is issued with ATM access.
Yes nomination facility is available.

Yes nomination facility is available.