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Tamilnad Mercantile Bank -- Fixed Deposit Interest
Tamilnad Mercantile Bank Ltd. RATE ON DOMESTIC TERM DEPOSITS & NRO DEPOSITS with effect from 01.09.2020 PERIOD Rate of Interest per annum (%) General Public Senior Citizens Below 2 Crore Below 2 Crore 15 days to 29 days 3.50 3.50 30 days to 45 days 3.75 3.75 46 days to 60 days 4.25 4.25 61 days to 90 days 4.25 4.25 91 days to 179 days 5.00 5.00 180 days to 270 days 5.25 5.25 271 days to less than 1 year 5.25 5.25 1 year 5.75 6.25 Above 1 year to less than 20 months 20 days 5.75 6.25 20 months, 20 days@ 5.75 6.25 Above 20 months, 20 days to less than 2 years 5.75 6.25 2 years to less than 3 years 5.65 6.15 3 years to 10 Years 5.50 5.50# @ 0.50% penal interest will be charged for premature closure of 20:20 Deposits opened on or after 01.06.2016 # - Additional rate of interest payable on term deposits to Senior Citizens shall not apply for the period from 3 years to 10 years INTEREST RATE ON NRE TERM DEPOSITS with effect from 01.09.2020 PERIOD Rate of Interest per annum (%) Below 2 Cr...
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