Bank FD Comparison Tool

Muthoot Capital Services Ltd vs Tamilnad Mercantile Bank Fixed Deposit Comparison 2026

Compare Fixed Deposit interest rates, maturity amounts, and features between Muthoot Capital Services Ltd (Private Sector) and Tamilnad Mercantile Bank (Private Sector).

Muthoot Finance

Private Sector

TMB

Private Sector

Muthoot Finance: Min ₹1,000

TMB: Min ₹1,000

DICGC Insured up to ₹5 Lakhs

Compare Your FD Returns

Adjust the parameters below to see how returns compare between the two banks

Investment Amount

₹

Five Lakhs rupees

₹1,000₹20,00,000

Investment Period

years

1 year10 years

Customer Type

GeneralStandard interest rates

Senior Citizen (60+)Higher interest rates

Interest Rate Comparison

Interest Rates by Tenure

General rates across different tenures

Current selection: 3 years (1095 days) -Muthoot Finance: % |TMB: %

Side-by-Side Rate Comparison

Direct comparison of general rates

Muthoot Finance

TMB

Highlighted = Your selected tenure

Feature Comparison

Features	Muthoot Finance Private Sector	TMB Private Sector
Minimum FD Amount	₹1,000	₹1,000
Current Interest Rate(Selected Tenure)	%	%
Premature Withdrawal Penalty	1%	1%
Official Rate Source	View Official Rates	View Official Rates

Muthoot Capital Services Ltd

Private Sector Bank

Key Advantages:

NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)

Senior citizens get +0.25% additional interest on all schemes

Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%

Monthly Income Plan, Annual Scheme, and Maturity Scheme available

Flexible tenure from 12 to 60 months

Guaranteed returns

Easy documentation process

Minimum deposit: ₹1,000

Deposits accepted only in the state of Kerala

Rate of interest for deposits above ₹3 Crores may vary

Non-Resident Senior Citizens not eligible for additional 0.25% interest

Tamilnad Mercantile Bank

Private Sector Bank

Key Advantages:

Private Sector Bank established in 1921

Consistently offers higher FD rates for several years

Special TMB400 deposit scheme at 7.00% for senior citizens

Low cost of operations compared to other banks

Senior citizen benefit of +0.10% on most tenures

Online FD booking through Internet & Mobile Banking

Strong presence across South India with 500+ branches

ISO 27001 certified for information security

NRE and FCNR deposits available for NRIs

Important: Fixed Deposit Safety & Insurance Coverage

₹5 Lakh Insurance Limit

The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.

⚠️ Recommendation:

Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.

Smart Distribution Strategy

For ₹10 lakhs: Split between Muthoot Finance (₹5L) + TMB (₹5L)

For ₹15 lakhs: Add a third bank to the mix

💡 Pro Tip:

You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.

Key Insights & Recommendations

Choose Muthoot Finance If:

•Minimum amount: ₹1,000
•Private Sector banking preference
•NBFC with attractive interest rates up to 9.20% p.a. for senior citizens (Maturity Scheme)
•Senior citizens get +0.25% additional interest on all schemes
•Maturity Scheme (Cumulative Deposits) with annualized yield up to 10.08%

Choose TMB If: