Manage Money

Bank Name

Holiday Loan from Tamilnad Mercantile Bank in Varanasi

The holy city of Banaras or Varanasi is located in the Indian state of Uttar Pradesh. It is one of the ?Sapta Puri? or seven holy cities where one can attain ?Moksha.? It is believed that Lord Shiva was the founder of this city that dwells on the banks of the holy Ganga. Hindu pilgrims perform ceremonies, ritualistic ablutions as well as cremation and last rites in the river ghats which are embankments made of stone slabs. The Dashashwamedh Ghat is the most spectacular one that attracts a lot of tourists to see the beautiful evening rituals. Numerous devotees and tourists from all over the world flock to Varanasi every year to visit the famous Kashi Vishwanath Temple among several others. There are several mosques and Jan temples in and around the city as well. Tourism boosts the city?s economy, along with certain medium and small-scale industries and agricultural produce. The fertile Ganges plains help the farmers cultivate crops like wheat, maize and sorghum. Copper and brass goods are also manufactured in this city apart from the small-scale industries that produce rugs, carpets, clay toys and other handicrafts. All of these contribute to the city?s economy. Varanasi is also well known for its perfumes, silk and muslin fabrics, jewelry designs, sculptures and ivory crafts. This ancient city is indeed rich in its culture and traditions.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Home Loan in Varanasi, 18 June 2019 from Tamilnad Mercantile Bank

TMB, a private sector bank established in 1921 as Nadar bank, later the name changed to Tamilnad Mercantile Bank in November 1962. The head office of the Tamilnad Bank is at Thoothukudi, Tamil Nadu. The primary objective of founding TMB was to serve the Nadar business community, and the idea was proposed at the annual meeting of Nadar Mahajani Sangam at Tuticorin in 1920. AMMS Chinnamani Nadar found the other founding members of the bank and played a significant role in its formation in 1921. Outside Tamil Nadu, the bank opened its first branch in Bangalore in 1976. The bank had only four offices by 1947: Sivakasi, Tuticorin, Madurai, Virudhunagar. On 9 December 1984, the bank opened its first computerized branch in Tuticorin at WGC road. In 1983, the bank started using modern technologies and was the first to adopt computerization for branch level operations. All the 500 branches of the bank are connected using Infosys FINACLE software. For providing payment gateway services to its internet banking customers, TMB has partnered with Pay U India, Bill Desk, CC Avenue, etc. It is the first bank to provide POS machines and mobile banking to its customers. For connecting Head office with regional offices, the bank has adopted video conferencing facility. For ATM operations, TMB is a member of National Financial Switch.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs