Double Deposit
double your deposits in the shortest possible time
Learn more about our latest deposit scheme the TMB Double for all from TMB.
This scheme entitles to double your initial one time deposit in the shortest possible time frame. Senior Citizens get to have shorter doubling time period on account of higher interest rate offered.
A Senior Citizen gets the money doubled in 82 months and 5 day. An ordinary citizen will get his / her money doubled in 7 years 7 days.
- Eligibility
- The deposit is open to all individuals, including Joint account holders and Minors, Proprietorship concern, Partnership firm, Companies, Trusts, Associations, Clubs, Educational institutions, Charitable institutions, Public institutions and Statutory bodies. The interest will be compounded quarterly.
- Denomination
- Minimum prescribed deposit will be Rs. 1,000.00 and in multiples of Rs. 1,000.00. The deposit is not transferable.
- Loan on Deposit
- Loan facility up to 90 % will be made available as per the Bank’s extant guidelines.
- Nomination
- Nomination facility is available.
- Premature closure
- Know more about our Premature FD Closure Policy
- Pre-closure & TDS
- As per the extant guidelines.
- Interest / Period
- A Senior Citizen gets the money doubled in 82 months and 5 day.
- An ordinary citizen will get his / her money doubled in 7 years 7 days.
- KYC Compliance
- Proof of identity, proof of address and passport size photo are insisted for new customers and existing customers who have not complied with KYC guidelines earlier.
Deposit Rate of Interest:
Download the Application Form:
