Tamilnad Mercentile Bank FD Rates: Check Latest updated Best FD Interest Rates, RD (Recurring Deposits) Interest Rates, Single Term Deposit Rates for General, NRI & Senior Citizens Online through Deal4loans.
Tamilnad Mercentile bank offers fixed deposit under 12 different schemes – Basic FD, Muthukuviyal FD, Porkuvial FD, TMB 777 Deposit, TMB 555 Deposit, Cash Certificate, Santhosh FD, Double Deposit, Tax Saving FD, Pearl Deposit, 20:20 Deposit, Premature FD Closure.
Features of TMB Fixed deposit Schemes:
FD Accounts open for Minimum 15 days or Maximum upto 10 years.
You can avail loan against fixed deposits
Premature closing is available
Minimum Deposit per month is Rs.500 or Rs.1000 under Muthukuviyal FD scheme.
Nomination facility is available.
777 Deposit Scheme – in this scheme you get general Public: 7.00% p.a., Senior Citizen: 7.50% p.a interest rate for all others. Scheme is valid for 777 days.
Here’s the Interest Rates on Fixed Deposits for the amount upto Rs. 1,99,99,999 Lakh or lower:
| Period / Interest Rate (p.a.) | Regular Citizens / NRO Dep. | Senior Citizens |
|---|---|---|
| Upto Amount | Upto 2 Crore | upto 2 crore |
|
||
| 15 – 29 days | 3.50% | 3.50% |
| 30 – 45 days | 3.50% | 3.50% |
| 46 – 60 days | 3.75% | 3.75% |
| 61 – 90 days | 3.75% | 3.75% |
| 91 – 179 days | 4.50% | 4.50% |
| 180 – 270 days | 5.00% | 5.00% |
| 271 days to less than 1 year | 5.00% | 5.00% |
| 1 year | 5.50% | 6.00% |
| Above 1 year less than 20 months & 20 days | 5.60% | 6.10% |
| 20 months & 20 days | 5.60% | 6.10% |
| Above 20 months & 20 days to less than 2 years | 5.60% | 6.10% |
| 2 years to less than 3 years | 5.75% | 6.25% |
| 3 years to 10 years | 5.75% | 6.25% |
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