The Tamilnad Mercantile Bank Ltd. or TMB brings to customers savings products in the form of fixed term deposit accounts that offer interest at higher rates than current or savings accounts. These deposit accounts are easily accessible, do not require high initial investments and provide returns at rates that are competitive.
Top Bank FD
|Tenure bracket||Regular FD rates (per annum)||Senior Citizens FD rates (per annum)|
|Above 14 days to 29 days||3.5%||3.5%|
|Above 1 month to 45 days||3.75%||3.75%|
|Above 45 days to 2 months||4.25%||4.25%|
|Above 2 months to 3 months||4.25%||4.25%|
|Above 3 months to 6 months||5.00%||5.00%|
|6 months to 9 months||5.25%||5.25%|
|Above 9 months to 12 months||5.25%||5.25%|
|Above 12 months to 20 months 20 days||5.75%||6.25%|
|20 months 20 days||5.75%||6.25%|
|20 months 21 days to 36 months||5.75%||6.25%|
|36 months to 1111 days||5.75%||6.25%|
|Above 1111 days to 10 years||5.50%||5.50%|
The tenure range for the Basic FD scheme is within 15 days and 10 years.
1% penalty is charged for prematurely breaking a TMB Deposit.
Any resident Indian who is of the age 60 or above can apply for the TMB Santhosh FD scheme.
You must make an investment of at least Rs.1,000 for this deposit scheme.
Yes, an applicant must have a PAN in order to open a Tax Saving FD account.
The tenure range for this scheme is from 1 year to 10 years.
You can choose to receive the interest payments either on a monthly basis or a quarterly basis.
This scheme comes with a maturity period of 20 months 20 days.
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