I want to get the details of Recurring Deposit Scheme of Tamilnad Mercantile Bank so canm you provide me?

TMB Recurring Deposit Scheme is among their earliest high interest bearing recurring scheme. Loan against such deposits provided.

Recurring Deposit Scheme

Product Highlights:

Any person approved by Bank may open a Recurring Deposit Account

Recurring Deposits can be opened for monthly instalments in sums of Rs. 10.00 or in multiples of Rs. 10.00

Account can be opened with monthly instalments of 12, 24, 36, 48, 60, 72, 84, 96 and 120 months.

Simple interest is eligible, depending upon the period of deposit.

Premature closing is allowed, subject to penalty if any.

Nomination facility is available.

Loans can be obtained against the deposit amount.

Recurring Deposit Scheme application form-




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