Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    TamilNad Mercantile Bank Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    15 Days to 10 Years
    5% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.90% - 7.00% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    TamilNad Mercantile Bank Fixed Deposit Rates is Rated as "Great!" by 4 Users
    Fixed Deposit BYTES FROM OUR KITCHEN

    TamilNad Mercantile Bank Fixed Deposit Rates

    Tamilnad Mercantile Bank is a private-sector banking institution. As part of its retail product suite, the bank offers its clients fixed deposits at competitive interest rates and differing durations. These savings products are designed to help customers allocate their funds so as to optimise returns based on their liquidity requirements.

    The updated list of Tamilnad Mercantile Bank FD Rates, for Regular and Senior Citizen, is listed below:

    Tenure Regular FD Rates Senior Citizen FD Rates
    3 years & above 6.90% 7.40%
    >777d - < 3 years 7.00% 7.50%
    777 days 7.00% 7.50%
    > 20m 20d - < 3 years 7.00% 7.50%
    20 months 20 days 7.00% 7.50%
    > 1y to < 20m 20d 7.00% 7.50%
    1 year 6.90% 7.40%
    181 days - < 12 months 6.75% 6.75%
    180 days 6.75% 6.75%
    91 days - 179 days 6.50% 6.50%
    61 - 90 days 6.00% 6.00%
    46 - 60 days 6.00% 6.00%
    30 - 45 days 5.25% 5.25%
    15 - 29 days 5.00% 5.00%

    Tamilnad Mercantile Bank Short-Term FD Rates

    Tamilnad Mercantile Banks deposits can be held for a period of as short as 30 days for which the interest rate is 6.3%. It is increased by 0.5% to 6.8% for deposits of 60 and 90 days, and further increased by 0.45% to 7.25% for deposits of 120 days. Holdings for a period of 6 and 9 months earn returns of 7.50% and 7.30% respectively.

    Tamilnad Mercantile Bank Medium and Long-Term FD Rates

    These rates range from 7.95% to 8.10% for tenures ranging between 1 year and 5 years. On the lower end of the spectrum is the 1-year deposit, which earns interest @ 7.95%, and at the higher end is the 5-year deposit earns the same rate. The highest rate of interest offered by TMB is for the tenure 777 days which earns interest @8.10%. Interest rates for durations between 2 years and 4 years are constant at 7.95%.

    Tamilnad Mercantile Bank Senior Citizen FD Rates

    There are no special rates offered to senior citizens.

    The banks short-term rates are quite competitive when compared to its peers, offering investors an ideal mode of investment when liquidity is important. All rates mentioned above are compounded on a quarterly basis.

    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? 3
      , 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? 6
      , 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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