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Tamilnad Mercantile Bank Interest Rates & Calculators

Complete guide to Tamilnad Mercantile Bank interest rates for FD, RD, and loans, plus top credit card comparison. Use our calculators to plan investments better.

Best FD Rate
7.7% p.a.
Home Loan
From 8.15%
TMB Phoenix Credit Card
TMB WINGS RuPay Credit Card
TMB Titanium Credit Card
TMB Platinum Credit Card (Secured)
TMB VIBE360 Credit Card

Tamilnad Mercantile Bank FD Rates Overview

Tamilnad Mercantile Bank currently offers fixed deposit interest rates of up to 7.25% p.a. for the general public, and 7.7% for senior citizens. The full slab-wise Tamilnad Mercantile Bank rate table is below — use the FD and RD calculators to compute your exact maturity amount.

Calculators & Simulators

Tamilnad Mercantile Bank Planning & Calculators

Verified rates & instant amortization schedules for deposits, loans, and cards.

Latest Tamilnad Mercantile Bank Interest Rates

Verified rate tables updated as banks revise deposit & loan terms.

Fixed Deposit Rates

FD Calculator

Latest interest rates for all tenures. Compare general and senior citizen slabs.

Type / TenureGeneral RateSenior Citizen Rate
7-14 days
4%4%
15-29 days
4.25%4.25%
30-45 days
4.5%4.5%
46-60 days
4.8%4.8%
61-90 days
4.8%4.8%
91-120 days
5.8%5.8%
121-179 days
5.8%5.8%
180-270 days
6.3%6.3%
271 days to less than 1 year
6.5%6.5%
1 year
6.8%7.3%
Above 1 year to less than 456 days
6.7%7.2%
456 days (TMB456 Special)
7.1%7.5%
Above 456 days to 566 days
6.6%7.1%
567 days (TMB567 Special)Highest Yield
7.25%7.7%
Above 567 days to less than 2 years
6.6%7.1%
2 years to 3 years
7%7.5%
3 years to 10 years
6.7%7.2%

Recurring Deposit Rates

RD Calculator

Latest interest rates for all tenures. Compare general and senior citizen slabs.

Type / TenureGeneral RateSenior Citizen Rate
7-14 days
4%4%
15-29 days
4.25%4.25%
30-45 days
4.5%4.5%
46-60 days
4.8%4.8%
61-90 days
4.8%4.8%
91-120 days
5.8%5.8%
121-179 days
5.8%5.8%
180-270 days
6.3%6.3%
271 days to less than 1 year
6.5%6.5%
1 year
6.8%7.3%
Above 1 year to less than 456 days
6.7%7.2%
456 days (TMB456 Special)
7.1%7.5%
Above 456 days to 566 days
6.6%7.1%
567 days (TMB567 Special)Highest Yield
7.25%7.7%
Above 567 days to less than 2 years
6.6%7.1%
2 years to 3 years
7%7.5%
3 years to 10 years
6.7%7.2%

Loan Interest Rates

Verified loan interest rates and processing fees across retail borrowing categories.

Type / TenureMin RateMax RateProcessing Fee
Home LoanLowest Starting Rate
8.15%9.55%Proposal Processing Charges | One time | Home loan | 0.50% of the loan amount* (Illustration: If the loan amount is ₹10.00 lakhs under Home loan category, then the Proposal Processing charges (0.50%) will be ₹5,000/- + GST)
13%15.15%1% of loan amount + GST
9.75%11.4%Not published
12%12%Not published
Official Card Registry (2026)

Tamilnad Mercantile Bank Credit Cards (6)

Select any card to explore full rewards, airport lounge access & application benefits.

Why Choose Tamilnad Mercantile Bank?

Key benefits and features of banking with Tamilnad Mercantile Bank.

Competitive Rates

Up to 7.7% returns on deposits with attractive rates across short & long tenures.

Bank Security

RBI regulated financial institution with DICGC insurance up to ₹5 Lakhs.

Digital Banking

Instant online FD/RD booking, mobile banking apps, and quick digital loans.

Customer Service

Extensive branch & ATM network across India with dedicated support.

Key Features & Perks

Best FD Rate: 7.7% for Senior Citizens
General Rate: 7.25% for all citizens
Min FD Amount: ₹1K only
Min RD Amount: ₹100 monthly
Home Loan Rate: From 8.15%
Personal Loan: From 13%
Senior Citizen Benefit: Additional 0.5% on all tenures
Premature Penalty: Only 1%
Tax Deduction: TDS applicable if interest exceeds ₹50,000 per annum (₹1,00,000 for senior citizens). PAN mandatory for interest >₹50,000
Online Banking Available
Loan Against FD: Up to 90%
Private Sector Bank established in 1921
Consistently offers higher FD rates for several years
Special TMB456 (7.50% senior) and TMB567 (7.70% senior) deposit schemes
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
No dedicated RD rate table or FD-parity statement found on official site as of Jul 2026; rdRates left empty (previous populated 5-row table could not be reconfirmed/sourced on live site)
Interest rates last updated: Apr 2026
Verify on Tamilnad Mercantile Bank Official Website
Market Comparison

Compare Rates with Other Banks

Check latest fixed deposit interest rates across peer financial institutions before investing.

Disclaimer: Results are estimates for financial planning purposes only and do not constitute financial, tax, investment, or legal advice. Actual values may vary based on your lender, market conditions, and individual circumstances. Consult a qualified CA, CFP, or financial advisor before making any financial decisions.