Bank rate card
What does Tamilnad Mercantile Bank charge an exporter?
This is Tamilnad Mercantile Bank's published trade and forex rate card, reproduced head by head from the bank's own schedule dated Not printed (PDF created 15 Sep 2026). 23 charge heads are published and 0 are not. The source document is linked at the foot of this page.
By Aaryan Kakani · · 3 min read
What does Tamilnad Mercantile Bank charge on an export transaction?
Every head below is reproduced from the schedule linked at the foot of this page. Amounts are as published; nothing has been converted, averaged or inferred, and charges are exclusive of 18% GST unless the schedule says otherwise.
| Charge head | What Tamilnad Mercantile Bank publishes |
|---|---|
| Inward remittance / export proceeds | Business remittances Rs 500 + SWIFT Rs 500; personal Rs 500 (up to USD 10,000) / Rs 1,000 (above) + SWIFT Rs 300 / Rs 400; free into NRE/FCNR |
| FIRC, FIRA and e-BRC | FIRC Rs 100 per certificate; eBRC etc. Rs 250 per certificate |
| Export bill regularisation (direct dispatch or advance received) | Export bill under advance remittance received Rs 1,500 per bill (max 5 SBs; Rs 150 per extra SB); SB closure up to INR 10 lakh: Rs 50 (up to Rs 1 lakh), Rs 100 (Rs 1-5 lakh), Rs 150 (Rs 5-10 lakh) per bill |
| Export bills on collection | Flat Rs 1,500 per bill + courier at actuals + SWIFT Rs 500 |
| Export bill purchase, discount or negotiation | Flat Rs 1,500 per bill + courier at actuals + SWIFT Rs 500 |
| Extension of realisation period | Rs 500 per event |
| Write-off or reduction in value | Write-off Rs 2,000 per bill |
| Crystallisation | Export bills Rs 1,000; import bills 0.20%, min Rs 1,000 |
| Return of an unpaid export bill | Rs 1,000 per bill + other bank charges |
| Export LC advising | Rs 1,500; amendment Rs 1,000; transfer Rs 1,500 |
| Export LC confirmation | Not stated |
| Overdue bill follow-up | Not stated |
| SWIFT | LC issue Rs 1,500; LC amendment Rs 1,000; BG Rs 2,500 (amendment Rs 1,000); import bills and outward remittances Rs 1,000; export bills Rs 500; inward business remittance Rs 500; other messages Rs 500 |
| Courier | Actuals (export bills) |
What does Tamilnad Mercantile Bank charge on imports, guarantees and other forex services?
| Charge head | What Tamilnad Mercantile Bank publishes |
|---|---|
| Advance or direct import remittance | TT for imports Rs 2,500 flat up to USD 100,000; Rs 5,000 above + SWIFT Rs 1,000 |
| Import bills on collection | 0.125%, min Rs 1,000 + SWIFT Rs 1,000 (plus 0.125%, min Rs 1,000, max Rs 20,000 where no exchange benefit) |
| Import LC issuance | Commitment 0.30% first quarter + 0.10% p.m.; usance: sight 0.30%, up to 3 months 0.50%, over 3 months 0.50% + 0.15% p.m.; SWIFT Rs 1,500; 110% cash margin 50% of charges |
| IDPMS / Bill of Entry | BoE closure up to INR 10 lakh: Rs 50 (up to Rs 1 lakh), Rs 150 (Rs 1-5 lakh), Rs 250 (Rs 5-10 lakh) per BoE |
| Bank guarantee | Export performance/bid bonds 0.50% (up to 3 months) or 0.20% p.m.; DPG 0.75% per quarter; buyers' credit/STTC 3% p.a.; all other guarantees 0.50% p.m., min Rs 3,000; SWIFT Rs 2,500 (amendment Rs 2,000 + SWIFT Rs 1,000) |
| Other outward remittance | 0.15%, min Rs 500, max Rs 5,000 + SWIFT Rs 1,000 |
| Forward contracts | Booking Rs 500; cancellation Rs 500 + swap cost; early delivery at actual swap cost |
| Commission in lieu of exchange | 0.125%, min Rs 1,000 (Rs 2,000 for LC import bills), max Rs 20,000 where no exchange benefit (e.g. EEFC); EEFC conversion Rs 250 |
| Certificates, NOC and AD code letter | GR waiver certificate Rs 500; FIRC Rs 100; eBRC Rs 250 |
How does Tamilnad Mercantile Bank compare with the other banks?
Ordering is arithmetic on published figures across the 36 banks whose schedules could be re-checked against their source file, using the entry-tier charge a small-ticket exporter actually meets. It is not a view on which bank to use.
| Charge | Tamilnad Mercantile Bank | Where that sits |
|---|---|---|
| Export bill regularisation, per shipping bill | ₹1,500 | 27th cheapest of 29 banks that publish it |
| e-BRC or BRC | Not published | Left out of the ordering rather than scored as free |
| FIRC or FIRA issuance | ₹100 | 10th cheapest of 30 banks that publish it |
| Inward remittance, per credit | ₹500 | 26th cheapest of 30 banks that publish it |
| Export bills on collection, entry tier | ₹1,500 | 30th cheapest of 35 banks that publish it |
| SWIFT, per message | ₹1,500 | 35th cheapest of 36 banks that publish it |
Tamilnad Mercantile Bank does not sit in the cheapest five on any of the six heads measured here. It sits in the dearest five on export bill regularisation, per shipping bill (27th of 29), inward remittance, per credit (26th of 30), swift, per message (35th of 36). A full annual figure cannot be built for this bank, because at least one of those heads is unpublished. See all 38 banks side by side.
What else does Tamilnad Mercantile Bank's schedule say?
Linked as 'Schedule of Commission/Charges on Foreign Exchange Transactions' from https://www.tmb.bank.in/service-charges. No effective date printed. All charges plus GST. Import bills under LC 0.125% (min Rs 1,000, max Rs 20,000) + SWIFT Rs 1,000; discrepancy 75 units of currency (JPY 7,500). Custody for overdue import collection bills Rs 500 per quarter per bill. Reimbursement claim Rs 4,000 per bill + SWIFT Rs 1,000. PCFC/PSCFC upfront fee Rs 1,000 (up to USD 25,000) / Rs 2,000. Merchanting Rs 2,000 per transaction plus leg charges. ECB/FDI inward Rs 5,000 / Rs 10,000.
Where does this rate card come from?
| Provenance | Detail |
|---|---|
| Schedule date, as the bank prints it | Not printed (PDF created 15 Sep 2026) |
| Bank type | Private |
| Checked | 19 September 2026 |
| Source document | Open Tamilnad Mercantile Bank's published schedule |
The source document was re-downloaded from Tamilnad Mercantile Bank on 19 September 2026 and compared by SHA-256 against the copy these figures were read from. It matched exactly, which means the figures here are what the bank was publishing that day rather than a stale cache.
What should I read next?
- Every Indian bank's export charges, compared All 38 rate cards in one table.
- Which bank is best for e-commerce exporters? The same schedules read head by head for marketplace sellers.
- Which bank is best for B2B exporters? LC advising, collection, crystallisation and guarantees.
- FIRC and BRC guide for Indian exporters What each certificate is and when you need one.
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Update history
- First published.