Bank RD Comparison Tool

Yes Bank vs Tamilnad Mercantile Bank Recurring Deposit Comparison 2025

Compare Recurring Deposit interest rates, maturity amounts, and features between Yes Bank (Private Sector) and Tamilnad Mercantile Bank (Private Sector).

Yes Bank

Private Sector

TMB

Private Sector

Yes Bank: Min ₹100

TMB: Min ₹100

DICGC Insured up to ₹5 Lakhs

Compare Your RD Returns

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

Monthly Installment

₹

Five Thousand rupees

₹100₹50,000

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) -Yes Bank: % |TMB: %

Side-by-Side Rate Comparison

Direct comparison of general rates

Yes Bank

TMB

Highlighted = Your selected tenure

Feature Comparison

Features	Yes Bank Private Sector	TMB Private Sector
Minimum RD Amount	₹100	₹100
Current Interest Rate(Selected Tenure)	%	%
Premature Withdrawal Penalty	1%	1%
Official Rate Source	View Official Rates	View Official Rates

Yes Bank

Private Sector Bank

Key Advantages:

Private sector bank

Competitive interest rates

Digital banking services

Online FD booking facility

Auto-renewal facility available

Senior citizens get additional interest (varies by tenure)

Rates applicable for deposits from ₹10,000 to less than ₹5,00,00,000

Interest compounded quarterly

Rates effective from July 1, 2025

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: Recurring 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 includes both principal and accrued interest for RDs.

⚠️ Recommendation:

Keep your total deposits (RDs + FDs + Savings) under ₹5 lakhs per bank. If you need larger investments, distribute them across multiple banks.

Smart Distribution Strategy

Multiple RDs: Open RDs in both Yes Bank and TMB

Family Accounts: Use different family members' accounts for additional coverage

💡 Pro Tip:

RDs are perfect for goal-based investing. You can open separate RDs for different financial goals across different banks to maximize returns and safety.