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TMB Transfer Money

TMB transfer money service can be availed by all customers of TMB. This service helps customers instantly transfer money from their TMB account to anyone in India. Using this online TMB fund transfer service you can transfer money from your account using your mobile phone and money will be deposited in beneficiary’s account in real-time.


Major advantage of online TMB fund transfer service is that you can transfer money online without writing a cheque. As money is credited in beneficiary’s bank account in real-time, you don’t have to submit the cheque to them. To use this online transfer money service please download our app and register your TMB accounts. After that you will have to generate a secure banking PIN and then using this PIN you’ll be able to transfer funds to anyone in India directly from your TMB accounts.


Another benefit of this service is that you can do instant money transfers without adding beneficiaries. All transactions performed via our app are 100% safe and secure. As soon as money transfer is done, you will receive an SMS from Tamilnad Mercantile Bank and the beneficiary will get SMS from their bank.


Features of online TMB money transfer service:
  1. Online, real-time money transfer from TMB account
  2. Fund transfer without adding or registering beneficiaries
  3. Fund transfer between your own Tamilnad Mercantile Bank accounts. You can use this feature if you have multiple accounts with the bank
  4. Transfer money between Self accounts with other banks - from your TMB account you can transfer money to your account in other banks
  5. Transfer money service works 24x7, 365 days a year
  6. Even on all Saturdays and Sundays as well as bank & public holidays you can do fund transfer
  7. All banks in India supported for money transfers
  8. Transfer limit is Rs. 1,00,000 per day from your TMB account. This is the maximum limit as set by your bank
  9. You can make up to 10 transfers per day from your account. This is the maximum limit as set by your bank
  10. Online fund transfer service is absolutely free and you don’t have to pay any fees
  11. Instant confirmation from TMB on money transfers. You’ll also get an SMS from the bank
  12. Beneficiary bank will also send SMS to the beneficiary, confirming the fund transfer
  13. BHIM UPI is used for transferring funds from your Tamilnad Mercantile Bank account to beneficiary’s bank account in real-time

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How to transfer money from TMB account online:

  1. Download Cointab app for Android or iPhone
  2. Install app using mobile number which is registered in your TMB account
  3. Select TMB for bank account registration
  4. All your TMB accounts will be registered and activated for mobile banking
  5. Generate Tamilnad Mercantile Bank banking PIN
  6. Select Transfer Money
  7. Enter beneficiary’s name
  8. Enter beneficiary’s bank account number & IFSC code
  9. Enter amount
  10. Enter your banking PIN (which you generated in the previous step)
  11. Money will be transferred from your TMB account and credited in recipient’s bank account in real-time
  12. You’ll get an SMS from Tamilnad Mercantile Bank about the transaction. Recipient will also receive an SMS from their bank

Online transfer of money from your TMB account is a very simple and quick process and you can use the transfer money service whenever required. Please keep in mind that the maximum transfer limit is Rs. 1,00,000 per day and 10 transactions per day.

Features of Online Money Transfer Service


Money transfer from bank account to anyone in India in real-time

Online TMB money transfer service enables you to do fund transfer from your account to anyone in India in real-time. It is not necessary for the beneficiary to have an account with TMB. They can have accounts with any bank in India and you can still do fund transfer in real-time.

Without adding beneficiary transfer money

Typically for online fund transfers you have to register and activate beneficiaries. But using our app you can do quick fund transfer without adding beneficiaries. For initiating fund transfer you only require beneficiary’s account number and IFSC code.

Fund transfer to Self account

One major advantage of online TMB transfer money service is that you can transfer funds between your own accounts easily. If you have multiple accounts with the bank then you can easily transfer funds from one account to another. In fact even if you have accounts with other banks you can transfer money from Tamilnad Mercantile Bank account to other bank accounts.

BHIM UPI ID transfer money

Using online TMB transfer money service you can even transfer money to beneficiary’s BHIM UPI ID. This helps you transfer money without requesting for beneficiary’s bank account number & IFSC code. Once you transfer money, it will be credited in the beneficiary’s bank account which is linked with their BHIM UPI ID. Fund transfer is done in real-time.

Transfer money to mobile number

Using our app you can even transfer money to your friends and family via their mobile number without requesting for their bank account number & IFSC code or BHIM UPI ID. Their bank account which is linked to their mobile number in our app will get credited in real-time after you transfer money to them.

Transaction limit

Transfer limit is upto 10 transfers on a daily basis, upto a total of Rs. 1,00,000. This is the transfer limit as set by Tamilnad Mercantile Bank.

Zero fees for using online money transfer service

TMB offers online money transfer service for free of cost so that you don’t have to pay any charge for transferring money from your bank account to any account in India.

24x7 service

Online money transfer service is available 24x7 so that whenever required you can do fund transfer in real-time. This helps you do money transfers without visiting the branch or ATM. This service also works on weekends, bank holidays and public holidays.

Online Transfer Money service benefits


Time saving: By using online TMB fund transfer service instead of visiting the branch or ATM or writing a cheque you can save a lot of time as you can transfer money to beneficiary in real-time online.

Easy access: Fund transfer facility can be used anytime anywhere as it is available online 24x7, 365 days a year.

Cost saving: Online money transfer service by TMB is absolutely free for its customers and you don’t have to pay anything for using the service.

Security: All Tamilnad Mercantile Bank mobile banking transactions are 100% secure due to linking of your account on your mobile number and your banking PIN

Multi Purpose: Online transfer service by Tamilnad Mercantile Bank is a multiple purpose service wherein you can not only transfer money to beneficiary, but also recharge your mobile / DTH, pay electricity / gas / credit card bill, buy insurance, book fixed deposit, buy mutual fund, etc.

Security of TMB Online Transfer Money

100% security for TMB Online Transfer Money is ensured in the following ways:

  1. TMB UPI registration for your bank accounts can only be done on your mobile due to linking of your mobile number with your account
  2. Before using BHIM services, you must create a new secure UPI PIN using your debit card
  3. While performing transactions on your mobile you have to use your TMB UPI PIN. No transaction will go through without this secure UPI PIN
  4. App password can be created so that no one can even open the app without knowing your app password
  5. PIN or pattern lock can be created for your phone so that no one can open your mobile

TMB Online Money Transfer Timing

  • You can use UPI services on all days, including Saturday and Sunday
  • BHIM can be used at night as well
  • As banking is very crucial, you can use TMB UPI facility even on bank holidays and public holidays
  • You can use BHIM services throughout the year

Online Money Transfer Service Eligibility

In order to use TMB Online Money Transfer service you must meet the following requirements:

  • A savings or current account with TMB
  • Mobile number should be registered with your bank
  • Android or iPhone mobile phone
  • Internet connection either via SIM card or WiFi

Limitations of Online Transfer Money Service

Following are the restrictions in TMB online transfer money service:

  • Your mobile number must be registered in TMB
  • It requires Android or iPhone mobile phone
  • It will not work without internet connection
  • Transfer upto Rs. 1,00,000 per day per bank account
  • Transfer upto 10 time per day per bank account

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