#1
August 3rd, 2016, 03:33 PM
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Tamilnad Mercantile Bank Recurring Deposit Interest Rates
Can you tell me about the Kids RD (Recurring Deposit) Interest Rates as offered by TMB or Tamilnad Mercantile Bank?
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#2
August 3rd, 2016, 03:47 PM
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Re: Tamilnad Mercantile Bank Recurring Deposit Interest Rates
The savings through KIDS RD is a passport to “TMB Education Loan”. A person who saves under the scheme for a fairly longer duration will get priority in sanction of TMB’s Education Loan as per the extant provisions of the Bank. Kids RD Interest Rates 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 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 7.70% 8.20% 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 7.65% 8.15% 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% |