Tamilnad Mercantile Bank offers the NRE Fixed Deposit at attractive interest rates. The tenure of the scheme ranges from 12 months to 120 months. The interest that is earned can be withdrawn on a monthly or quarterly basis.
The main features of the NRE Fixed Deposit scheme are mentioned below:
|Tenure||Rate of Interest|
|12 months 1 day – Up to 18 months||5.75%|
|18 months 1 day – Less than 2 years||5.75%|
|2 years – 3 years||5.65%|
|3 years – 10 years||5.50%|
Note: The interest rates that are mentioned above can be changed by the bank at any given time without prior notice.
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