TMB Launches Online customer Portal for Forex Transactions

Business MInutes

Tamilnad Mercantile Bank Limited (TMB) Forex Processing Centre (FPC) has launched an Online Customer Portal for Forex Transactions. Customers can access this facility by TMB FX e-connect portal. The customers can do foreign exchange transactions from anywhere. This product is more convenient, time saving and eliminates the need for physical visits to our Branch for carrying out a list of Forex Transactions.

Shri.S.Krishnan, MD & CEO, Tamilnad Mercantile Bank Limited (TMB) has launched the service at a function held at Bank Head Office at Thoothukudi today.

Bank has provided the following services through TMB FX e-connect Portal:

• Foreign Outward Remittances (FOTT)

• Foreign Letter of Credit * (FLC)

• Forward Contract * (FWC)

• Foreign Inward Remittance (FITT)

(*Foreign Letter of Credit – Including Amendment, Acceptance and Discrepancies)

(*Forward Contract – Including Booking, Utilization and Cancellation)

Tamilnad Mercantile Bank Limited (TMB), one of the renowned Old Private Sector Banks having its Head Quarter in Thoothukudi, Tamilnadu has a long cherished history of 100+ years of eventful existence with strong fundamentals and track record of continuous profit making in the industry. TMB is having Pan India presence with 559 branches and 12 Regional Offices across 17 states and 4 Union Territories serving more than 5.30 million delighted customers. 


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