TMB FD Schemes

Hii Sir, I wants to get the Information About the Basic Fixed Deposit Schemes of the Tamil Nadu Mercantile bank ?

[shikha]

As you Asking for the basic Fixed Deposit Schemes of the Tamil Nadu Mercantile bank the details Are as Follow

This is among our earliest higher interest bearing savings scheme where in deposits can be made between 15 days to 120 months

Highlights

Deposits are accepted for fixed period.
Account can be opened for a minimum period of 15 days to 120 months.
Nomination facility is available.
Simple interest is eligible, depending upon the period of deposit.
Premature Closing is allowed, subject to penalty if any.
Loans can be obtained against the deposit amount.
Interest can be withdrawn in option monthly / quarterly.
Standing instruction is accepted for transferring the interest.



Eligibility for the Fixed Deposit :

All types resident individuals / Non - individuals and NRO* / NRE* account holders.


Rate of Interest
An investment of Rs. 1,000.00 for 12 months will fetch you interest at 7.50% p.a. and will give you a maturity value of around Rs. 1,075.00. Interest Earned being around Rs. 6.00 every 1 month / Rs. 18.00 every 3 months.


For more details you may visit the nearest branch of the Tamil Nadu Mercantile bank or you may contact on the Following Customer Care number that Are

Customer Care Number
180 0425 0426