Hey!!! Tamilnad Mercantile Bank has been consistently offering higher rates of interest for the benefit of its depositors since its cost of operations are low compared to other banks.

Savings Account Deposit Interest Rate this bank:

Amount / Interest Rate (p.a.) Regular Citizens Senior Citizens

Above 1 Lakh 4.25% 4.25%

Upto 1 Lakh 4.00% 4.00%

-Above Interest Rates applicable from Nov 03, 2015.
-Rates offered on daily closing balance in SB Account and compounded half yearly.

Domestic & NRO Term Deposits

Period / Interest Rate (p.a.) Regular Citizens / NRO Dep. Senior Citizens
Upto Amount Rs. 15,00,000 Rs. 15,00,000
5 years - 10 years 7.70% 8.20%
Above 20m 20d - < 5 years 7.70% 8.20%
20 months 20 days 7.75% 8.25%
Above 1y to < 20m 20d 7.70% 8.20%
1 year 7.75% 8.25%
181 days - < 12 months 7.30% 7.30%
180 days 7.50% 7.50%
91 days - 179 days 7.25% 7.25%
46 - 90 days 6.80% 6.80%
30 - 45 days 6.30% 6.30%
15 - 29 days 5.80% 5.80%


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
5 years - 10 years 7.65% 8.15%
Above 20m 20d - < 5 years 7.65% 8.15%
20 months 20 days 7.75% 8.25%
Above 1y to < 20m 20d 7.65% 8.15%
1 year 7.70% 8.20%
181 days - < 12 months 7.25% 7.25%
180 days 7.50% 7.50%
91 days - 179 days 7.20% 7.20%
46 - 90 days 6.75% 6.75%
30 - 45 days 6.25% 6.25%
15 - 29 days 5.75% 5.75%