Tamilnad Mercantile Bank Ltd.
RATE ON DOMESTIC TERM DEPOSITS & NRO DEPOSITS*
DEPOSITS BELOW RS.3 CRORE

with effect from 04.10.2025

PERIOD Rate of Interest per annum (%)
General Public Senior Citizens
Callable Non-Callable( Above 1 Cr) Callable Non-Callable( Above 1 Cr)
7 days to 14 days4.00 - 4.00 -
15 days to 29 days 4.25 - 4.25 -
30 days to 45 days 4.50 - 4.50 -
46 days to 60 days 4.80 - 4.80 -
61 days to 90 days 4.80 - 4.80 -
91 days to 120 days 5.80 5.90 5.80 -
121 days to 179 days 5.80 5.90 5.80 -
180 days to 270 days 6.30 6.40 6.30 -
271 days to less than 1 year 6.40 6.50 6.40 -
1 year 6.80 6.90 7.30 -
Above 1 year to less than 400 days 6.80 6.90 7.30 -
400 Days (TMB 400 – Special Deposit w.e.f.10.04.2024) 6.90 7.00 7.40 -
Above 400 days to less than 2 years 6.60 6.70 7.10 -
2 years to less than 3 years 6.60 6.70 7.10 7.20
3 years to 10 Years 6.60 6.70 7.10 7.20

INTEREST RATE ON NRE TERM DEPOSITS

with effect from 04.10.2025

PERIOD Rate of Interest per annum (%)
Below 3 Crore
Callable Non-Callable( Above 1 Cr)
1 year 6.80 -
Above 1 year to less than 400 days 6.80 6.90
400 Days (TMB 400 – Special Deposit w.e.f.10.04.2024) 6.90 7.00
Above 400 days to less than 2 years 6.60 6.70
2 years to less than 3 years 6.60 6.70
3 Years to 10 Years 6.60 6.70

* - Additional rate of interest payable on term deposits to Senior Citizens shall not apply to NRO/NRE Term Deposits

* - Additional rate of interest payable on term deposits to Senior Citizens shall not apply for the period less than one year