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Tamilnad Mercantile Bank Interest Rates & Financial Calculators

Compare FD, RD, and loan rates with our calculators

Complete guide to Tamilnad Mercantile Bank interest rates for FD, RD, and loans. Use our calculators to plan your investments and loans better.

Best FD Rate

7.4%

Home Loan Rate

8.5%

Bank Type

private

Last Updated

Dec 2025

Best FD Rate: 7.4% for Senior Citizens
General Rate: 6.9% for all citizens
Min FD Amount: ₹1K only
Min RD Amount: ₹100 monthly
Home Loan Rate: From 8.5%
Personal Loan: From 10.75%
Senior Citizen Benefit: Additional 0.5% on all tenures
Premature Penalty: Only 1%
Tax Deduction: TDS applicable if interest exceeds ₹40,000 per annum (₹50,000 for senior citizens). PAN mandatory for interest >₹40,000
Online Banking Available
Loan Against FD: Up to 90%
Private Sector Bank established in 1921
Consistently offers higher FD rates for several years
Special 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
Best FD Rate: 7.4% for Senior Citizens
General Rate: 6.9% for all citizens
Min FD Amount: ₹1K only
Min RD Amount: ₹100 monthly
Home Loan Rate: From 8.5%
Personal Loan: From 10.75%
Senior Citizen Benefit: Additional 0.5% on all tenures
Premature Penalty: Only 1%
Tax Deduction: TDS applicable if interest exceeds ₹40,000 per annum (₹50,000 for senior citizens). PAN mandatory for interest >₹40,000
Online Banking Available
Loan Against FD: Up to 90%
Private Sector Bank established in 1921
Consistently offers higher FD rates for several years
Special 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

Latest TMB Interest Rates

Deposits (FD & RD) Interest Rates

Tamilnad Mercantile Bank Fixed Deposit Rates

Latest Tamilnad Mercantile Bank Fixed Deposit interest rates for all tenures. Compare general and senior citizen rates.

Type/TenureGeneral RateSenior Citizen Rate
7 to 14 days
4%4%
15 to 29 days
4.25%4.25%
30 to 45 days
4.5%4.5%
46 to 60 days
4.8%4.8%
61 to 90 days
4.8%4.8%
91 to 120 days
5.8%5.8%
121 to 179 days
5.8%5.8%
180 to 270 days
6.3%6.3%
271 days to less than 1 year
6.4%6.4%
1 year
6.8%7.3%
Above 1 year to less than 400 days
6.8%7.3%
400 days (TMB400 Special)
6.9%7.4%
Above 400 days to less than 2 years
6.6%7.1%
2 years to less than 3 years
6.6%7.1%
3 years to 10 years
6.6%7.1%

Tamilnad Mercantile Bank Recurring Deposit Rates

Latest Tamilnad Mercantile Bank Fixed Deposit interest rates for all tenures. Compare general and senior citizen rates.

Type/TenureGeneral RateSenior Citizen Rate
6 months
6.3%6.4%
1 year
6.8%6.9%
2 years
6.6%6.7%
3 years
6.6%6.7%
5 years
6.6%6.7%

Loan Interest Rates

Tamilnad Mercantile Bank Loan Interest Rates

Current Tamilnad Mercantile Bank loan interest rates and processing fees for different loan types.

Type/TenureMin RateMax RateProcessing Fee
Home Loan
8.5%10.5%0.50% to 1% of loan amount + GST
Personal Loan
10.75%22%2% to 3% of loan amount + GST
Car Loan
8.5%12.5%2% to 3% of loan amount + GST
Education Loan
9%12.5%1% to 2% of loan amount + GST
Business Loan
10.5%18%2% to 3% of loan amount + GST
Two Wheeler Loan
10%15%₹1,000 to ₹3,000 + GST
Gold Loan
8.5%14%1% to 2% of loan amount + GST

Why Choose Tamilnad Mercantile Bank?

Discover the advantages of banking with one of India's most trusted financial institutions

Competitive Rates

Up to 7.4% returns on Fixed Deposits with attractive rates for all tenures

Bank Security

RBI regulated private bank with deposit insurance up to ₹5 lakhs

Digital Banking

Advanced mobile banking, online FD booking, and instant loan approvals through digital channels

Customer Service

24/7 customer support with extensive branch network and dedicated relationship managers

Additional Benefits

Loan against FD up to 90% of deposit value
Senior citizen benefits with higher interest rates
Flexible tenure options from 7 days to 10 years
Auto-renewal facility for continuous growth
Premature withdrawal with minimal penalty
Tax-saving FD options available under 80C

Interest rates last updated: Dec 2025