As of 5 Oct 2026, Tamilnad Mercantile Bank offers up to 7.25% p.a. on its NRE fixed deposit (567 days (TMB 567 Special Deposit scheme) @) for general customers. Rates below are as published by the bank — confirm with TMB before investing.
Rates for deposits below ₹3 crore · general vs senior citizen · trend over time
| Tenure | General | Senior | Trend | Applies to | As of | Source |
|---|---|---|---|---|---|---|
1 year |
6.80% | 6.80% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
|
Above 1 year to less than 456 days |
6.70% | 6.70% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
|
456 days (TMB 456 Special Deposit scheme) @ |
7.10% | 7.10% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
|
Above 456 days to 566 days |
6.60% | 6.60% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
|
567 days (TMB 567 Special Deposit scheme) @ |
7.25% | 7.25% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
|
Above 567 days to less than 2 years |
6.60% | 6.60% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
|
2 years to less than 3 years |
7.00% | 7.00% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
|
3 years to 10 years |
6.70% | 6.70% | Any amount | 10 Apr 2026 |
official fetched 3 Oct 2026 ✓ verified 5 Oct 2026 |
As of 5 Oct 2026, Tamilnad Mercantile Bank offers up to 7.25% p.a. on its NRE fixed deposit (567 days (TMB 567 Special Deposit scheme) @) for general customers. Rates below are as published by the bank — confirm with TMB before investing.
Tamilnad Mercantile Bank does not publish a separate senior citizen premium for these deposits in our data. Check the bank's official rate card for any senior-citizen offers.
Interest on NRE deposits is generally exempt from income tax in India for eligible Non-Resident Indians. Tax rules depend on your residential status and the country you live in, so confirm with a tax advisor.
Deposits with Tamilnad Mercantile Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal + interest combined).
RateScan.in refreshed this dataset on 5 Oct 2026; the bank's rates shown here are effective 10 Apr 2026. Rates can change without notice, so verify on the official TMB website before investing.
Deposits with Tamilnad Mercantile Bank are insured by DICGC up to ₹5,00,000 per depositor (principal + interest). Senior citizens (60+) typically earn an extra 0.50% p.a. over the published general rates.
Informational only — always confirm the current rate on the official TMB website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
Tell us what would make RateScan.in more useful. No email required.