TMB Phoenix (RuPay) Credit Card
A reliable business-focused credit card that supports routine operational expenses with secure and flexible credit access
Designed specifically for business spending
Easy online PIN generation and self-care access
Interest-free credit period up to 45 days
RuPay Platinum features and security
Overview
TMB Phoenix RuPay Credit Card is designed for individuals and proprietors who maintain business relationships with the bank. It provides a convenient payment solution for recurring business expenses
Product Highlights
Phoenix Credit Card offers simple onboarding with free issuance, digital PIN activation through the self-care portal, consolidated monthly statements, SMS/email alerts for every transaction, and multiple repayment options including net banking, NEFT/RTGS, branch payments, or auto-debit
Features and Benefits
Key features include a cash advance limit of up to 25 percent of the sanctioned limit, minimum repayment flexibility through revolving credit, RuPay Platinum privileges, and the ability to convert eligible purchases into EMIs
Eligibility
The card is available to individuals or proprietors who maintain a Current Account with TMB for at least one year and have filed income tax returns for the last two years. Applicants must have a minimum annual income of Rs 3 lakhs
Features, charges and daily limits
A Premium RuPay Platinum Credit Card designed for high-value spenders & business owners
Key Features & Benefits
| Parameter | Details |
|---|---|
| Eligibility | Any Individual or Proprietor, Must hold a Current Account with TMB, Minimum account vintage: 1 year, Minimum annual income: ₹3 lakhs & above, At least 2 Income Tax Returns filed, Latest CIBIL Score: Minimum 700 |
| Card Type | RuPay Platinum Credit Card |
| Credit Free Period | Up to 45 days |
| Card Validity | 3 Years |
| Cash Advance Limit | 25% of sanctioned credit limit |
| Daily Cash Withdrawal Limit | ₹25,000 |
| Minimum Repayment (Revolving Credit) | 10% of monthly billed amount (Minimum ₹500) |
| EMI Facility | Available for spends ≥ ₹5,000 (single or cumulative), excluding cash withdrawal |
| Foreign Currency Markup | Up to 3.50% |
| Card Issuance Charges | NIL |
| Joining Fee | NIL |
Documents Required
| Documents |
|---|
| Income Tax Returns (ITR) for last 2 years |
Fees & Charges
| Charge Type | Amount |
|---|---|
| Annual Renewal Fee | ₹500 |
| Renewal Fee Waiver | Waived if spends ≥ ₹1,00,000 in a calendar year |
| Card Replacement Fee | ₹100 |
| Duplicate Statement Charges | ₹100 per statement (older than 2 months) |
| Hotlisting Charges | NIL |
| Late Payment Fee | ₹250 + GST (if Minimum Amount Due is not paid) |
Interest & Finance Charges
| Transaction Type | Charges Applicable |
|---|---|
| Revolving Credit | 24% p.a. from transaction date |
| Cash Withdrawal Interest | 24% p.a. from withdrawal date till repayment |
| Cash Withdrawal at TMB ATM | 3% of transaction amount (Min ₹30) |
| Cash Withdrawal at Other ATMs | 3% (Min ₹30) + charges by other bank (if applicable) |
Billing & Payment Cycle
| Billing Detail | Timeline |
|---|---|
| Billing Date | 25th of every month |
| Payment Due Date | 10th of the succeeding month |
| Statement Mode | E-Statement only |
| Alerts | SMS & Email sent for every payment |
Repayment Options
| Mode | Details |
|---|---|
| Internet Banking | Net Banking → General Services → Service Requests → New Requests → Credit Card Payment |
| NEFT / RTGS | Account No: 16-digit Card Number Account Name: Cardholder Name IFSC: TMBL0000900 Bank: Tamilnad Mercantile Bank Ltd |
| Over-the-Counter | Payment at any TMB Branch |
| Auto Debit | Debit from linked Savings Account on 10th of every month |
Frequently Asked Questions
Find answers to the most common questions about eligibility, benefits, and
features of the TMB Royal Savings Bank Account
