Tamilnad Mercantile Bank has been time and again offering higher rates of interest since the last many years for the benefit of its depositors since the cost of operations is low compared to other banks.

Product Highlights:
 Deposits are accepted for fixed period.
 Account can be opened for a minimum period of 15 days to 120 months.
 Nomination facility is available.
 Simple interest is eligible, depending upon the period of deposit.
 Premature Closing is allowed, subject to penalty if any.
 Loans can be obtained against the deposit amount.
 Interest can be withdrawn in option monthly / quarterly.
 Standing instruction is accepted for transferring the interest.

Savings Account Deposit Interest Rate
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 since Nov 03, 2015.
Rates accessible on daily closing balance in SB Account and compounded half yearly.
Please note Interest Rates are subject to change without notice as per the market trends and the bank’s decision in this regards is final.




Address:

Tamilnad Mercantile Bank Ltd
57 V E Road,
Thoothukudi,
Tamil Nadu 628002