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    Steps to apply for TamilNad Mercantile Bank (TMB) Fixed Deposit

    Applying for a TamilNad Mercantile Bank Fixed Deposit (FD) is a simple process and can be done by following a set of simple steps. Before initiating the application process, it is important for prospective customers to keep all documentation in place. Also, before opening a TMB fixed deposit account, the applicant should compare all tenures ranges and choose the best interest rate. This can be done by using an FD interest calculator.

    Given below is the stepwise process involved in opening a TamilNad Mercantile Bank fixed deposit:

    Step 1: Log on to the TamilNad Mercantile Bank page -

    Step 2: Download the FD application form -

    Step 3:  Fill in all the details in the application form and submit it to the nearest home branch

    How to open a TMB fixed deposit online

    Those who already have a savings bank account with TMB will be able to open an FD account online through their net banking facility. Those who do not have an account can also open a term deposit online after open a savings bank account and getting their net banking account activated. Take a look at all interest rates online and choose the TMB fixed deposit interest rate.

    Given below is the process involved in opening an FD account online with TMB through netbanking: 

    Step 1: Login to the TMB internet banking portal by keying in username and password

    Step 2: Go to the home page and click on the ‘Open Fixed Deposit’ tab

    Step 3: Choose the type of term deposit you want to open, type of interest payout option and the tenure

    Step 4: Proceed to fill in all details and choose the savings bank account from which the money should be debited and credited to the FD account.

    The FD account will be opened in a maximum of 2 working days. A confirmation message in this regard will be sent to your registered phone number and email ID.

    Document checklist

    Any of the given documents given can be furnished. PAN card is mandatory to open a term deposit in any bank. Just an Aadhaar card can be used along with PAN card to open an FD.

    Address proof Identity proof
    Aadhaar Aadhaar
    Passport PAN card
    Telephone bill Passport
    Electricity bill Voter ID
    Bank statement Driving licence

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    TamilNad Mercantile Bank Fixed Deposit Reviews

    • Tamilnad Mercantile Bank Fixed Deposit
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have two fixed deposit accounts with this bank. Customer service is excellent. Within five minutes they created the fixed deposit account and linked it to my savings account. Also i can track all the my savings, fixed deposit and recurring accounts in netbanking.
      Was this review helpful? 4
      , chennai
      Reviewed on Feb 03, 2017
    • Tamilnad Mercantile Bank Fixed Deposit
      "Easy to open the FD account!"
      0.5 5.0/5 "Blown Away!"
      I have two Fixed deposit accounts with Tamilnad Mercantile bank. I just submitted the documents for opening the account. The tenure is of 2 years and I paid initial amount of 50K. After completing the period, I have to sign the papers and they used to transfer the amount to my savings account.
      Was this review helpful? 7
      , pune
      Reviewed on Feb 06, 2016
    • Tamilnad Mercantile Bank Fixed Deposit
      "happy with the rate.."
      0.5 2.0/5 "Expected more"
      I preferred TamilNad Mercantile bank for fixed deposit because they are offering very high interest rate. Customer service is good but in terms of technology they are lacking somewhat. Office environment can be changed and they can implement new things.
      Was this review helpful? 4
      , chennai
      Reviewed on Dec 31, 2015
    • Tamilnad Mercantile Bank Fixed Deposit
      "Quite satisfied but needs improvement"
      0.5 2.5/5 "Just OK"
      I started a fixed deposit with TMB couple of years ago and I am still maintaining the FD. There was no documentation required to create an FD as I was holding a savings account of TMB. I would suggest the bank to improve the customer service and introduce an online facility to start, manage the fixed deposit.
      Was this review helpful? 32
      , chennai
      Reviewed on Jun 21, 2014
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