Home>FD>Tamilnad Mercantile Bank
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Tamilnad Mercantile BankFixed Deposit

3.50% - 5.50%
Interest rates
3 months - 10 years
Time Period
100 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank based in Thoothukudi, Tamil Nadu. TMB was formed in 1921 as the Nadar Bank, but in November 1962 it changed its name to Tamilnad Mercantile Bank to broaden its appeal beyond the Nadar population. The bank recorded a net profit of 2585 million for the fiscal year 2018–2019.

Tamilnad Mercantile Bank (TMB) has consistently extended the benefits of increased TMB FD rates to clients, assisting investors in multiplying their money while avoiding market swings in the form of fixed deposits. Along with offering competitive FD rates to clients, the bank also provides additional benefits to senior citizens in the form of an additional rate of interest, which allows senior people to earn larger investment returns.

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Started On1921
Head QuartersTamil Nadu
CRISIL RatingNA
CEOK. V. Rama Moorthy
Listed on exchange as
ICRA RatingNA

Latest Tamilnad Mercantile Bank Interest Rates

TenureRegular customersSenior citizens
15 – 29 days
3.50%
3.50%
30 – 45 days
3.75%
3.75%
46 – 60 days
4.25%
4.25%
61 – 90 days
4.25%
4.25%
91 days – 179 days
5.00%
5.00%
180 days – 270 days
5.25%
5.25%
271 days to < 12 months
5.25%
5.25%
1 year
5.75%
6.25%
> 1 years to < 20 months 20 days
5.75%
6.25%
20 months 20 days
5.75%
6.25%
> 20 months 20 days to < 3 years
5.75%
6.25%
2 years < 3 years
5.65%
6.25%
3 years – 10 years
5.50%
5.50%

Features & Benefits of Tamilnad Mercantile Bank

  • Fixed deposits offered by Tamilnad Mercantile Bank have a minimum term of 15 days and a maximum term of 10 years.
  • The interest collected throughout the term can be withdrawn monthly or quarterly.
  • On FD plans, the option of nomination is accessible.
  • Loans can be obtained based on the amount deposited (except for the tax-saving FD scheme).

Types of Tamilnad Mercantile Bank Schemes

Basic Fixed Deposit
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Muthukuvial FD
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Santosh FD Scheme
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20:20 Deposit Scheme
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Tax Saving FD Scheme
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Pearl Deposit Scheme
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Cash Certificate
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Term-wise interest rates

Short-term deposits
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Medium-term deposits
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Long-term deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
More Details
IDBI Bank
3 months - 20 years
2.70% - 4.80%
More Details
Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
More Details
Bank of India
3 months - 10 years
2.85% - 5.15%
More Details
Post Office
1 year - 5 years
5.50% - 6.70%
More Details
Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
More Details
Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
More Details
LIC
1 Year - 5 Years
5.25% -6.00%
More Details
Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
More Details
AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
More Details
Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
More Details
HSBC Bank
7 days - 5 years
2.25% - 4.00%
More Details
Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
More Details
IndusInd Bank
3 months - 10 years
2.50% - 5.50%
More Details
Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
More Details
Central Bank of India
3 months - 10 years
2.75% - 5.00%
More Details
Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
More Details

FAQs

What exactly is the nomination facility?

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What is the maximum TMB FD interest rate available?

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What is the bare requirement for opening a bulk deposit account with Tamilnad Mercantile Bank?

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How to open this scheme?

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Can I get a loan against this FD?

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Calculate Tamilnad Mercantile Bank FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Tamilnad Mercantile Bank
0
@5.75% p.a
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online upto 0%
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