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

with effect from 18.04.2025

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 days4.10 - 4.10 -
15 days to 29 days 5.10 - 5.10 -
30 days to 45 days 5.25 - 5.25 -
46 days to 60 days 5.55 - 5.55 -
61 days to 90 days 5.55 - 5.55 -
91 days to 120 days 5.75 5.85 5.75 -
121 days to 179 days 6.10 6.20 6.10 -
180 days to 270 days 6.35 6.45 6.35 -
271 days to less than 1 year 6.75 6.85 6.75 -
1 year 7.25 7.30 7.75 -
Above 1 year to less than 400 days 7.00 7.10 7.50 -
400 Days (TMB 400 – Special Deposit w.e.f.10.04.2024) 7.30 7.35 7.80 -
Above 400 days to less than 2 years 7.00 7.10 7.50 -
2 years to less than 3 years 6.75 6.85 7.25 7.35
3 years to 10 Years 6.50 6.60 7.00 7.10

INTEREST RATE ON NRE TERM DEPOSITS

with effect from 18.04.2025

PERIOD Rate of Interest per annum (%)
Below 3 Crore
Callable Non-Callable( Above 1 Cr)
1 year 7.00 -
Above 1 year to less than 400 days 7.00 7.10
400 Days (TMB 400 – Special Deposit w.e.f.10.04.2024) 7.30 7.35
Above 400 days to less than 2 years 7.00 7.10
2 years to less than 3 years 6.75 6.85
3 Years to 10 Years 6.50 6.60

* - 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