TMB ties up with HDFC Bank
By Our Banking Bureau | 24 Jan 2005
Madurai:
The Tamilnadu Mercantile Bank (TMB) has entered into
a tie-up with HDFC Bank to offer TMB-h-DD and TMB-h-Collection
facilities, in all HDFC Bank locations.
According to the TMB, the initiative will enable the bank to issue cheques at par on HDFC locations and collection at par of all outstation cheques drawn on any bank, at all HDFC bank locations. The collection facility will enable the bank to give quick credits to the customers who give cheques for collection, within a week from date of submission on 84 additional locations.
Where TMB has no branch to facilitate the customers'' remittances, drawing arrangements have been made for issue of cheques at par on 84 HDFC locations.