Tamilnad Mercantile Bank RD Interest Rates - 2017-2018 StudyChaCha

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Old November 11th, 2017, 11:15 AM
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Default Tamilnad Mercantile Bank RD Interest Rates

I want to know rate of interest on deposit fixed by Tamilnad Mercantile Bank, here I required your help/
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  #2  
Old November 11th, 2017, 11:59 AM
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Default Re: Tamilnad Mercantile Bank RD Interest Rates

Donít worry I will let you know Tamilnad Mercantile Bank, rate of interest on deposit so that you can check it easily.

Here are the rate of interest on deposits

Savings Account Deposit Interest Rate
Amount / Interest Rate (p.a.) Regular Citizens Senior Citizens
Above 1 Lakh 4.00% 4.00%
Upto 1 Lakh 4.00% 4.00%

Domestic & NRO Term Deposits

For all Bulk Deposits above the ceiling amount specified in the table below, refer to the Bulk Deposit table further below.

Period / Interest Rate (p.a.) Regular Citizens / NRO Dep. Senior Citizens
Upto Amount Rs. 15,00,000 Rs. 15,00,000
3 years & above 6.90% 7.40%
> 777d - < 3 years 7.00% 7.50%
777 days 7.00% 7.50%
> 20m 20d - 776 days 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%

Bulk Domestic & NRO Term Deposits
Period / Interest Rate (p.a.) Regular Citizens / NRO Dep. Senior Citizens
Above 15 Lakhs & Upto Amount Rs. 99,99,999 Rs. 99,99,999
3 years & above 6.85% 7.35%
> 777d - < 3 years 6.95% 7.45%
777 days 6.95% 7.45%
> 20m 20d - 776 days 6.95% 7.45%
20 months 20 days 6.95% 7.45%
> 1y to < 20m 20d 6.95% 7.45%
1 year 6.85% 7.35%
181 days - < 12 months 6.70% 6.70%
180 days 6.70% 6.70%
91 days - 179 days 6.45% 6.45%
61 - 90 days 5.95% 5.95%
46 - 60 days 5.95% 5.95%
30 - 45 days 5.20% 5.20%
15 - 29 days 4.95% 4.95%

Address:-
Tamilnad Mercantile Bank
57, V.E. Road, Tuticorin, Tamilnadu, India. Zip: 628 002

Phone:-
+91 (461) 232 1382 / 232 1929 / 232 1932
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