Learn more about our latest deposit scheme the TMB 400 Days.
As the title suggests, you get the highest interest rate in the shortest possible span of time viz. 400 days. Yes, you get upto 10.25% p.a. interest rate for your deposits in just 400 days.
Table showing various Interest Rates Matrix under TMB 400 deposit scheme| Depositor Category | Interest Rate |
|---|
- Interest Rates subject to change without notice.
|
| General Public | 9.75% p.a. |
| Senior Citizens | 10.25% p.a. |
All other terms & conditions remain the same as applicable to domestic term deposits except the above change in rate of interest. Further, the penalty clause for premature closure will be applicable for this TMB 400 Deposit Scheme as follows:
- No interest shall be paid on premature withdrawal of deposits which are opened / renewed for less than 6 months and closed within 45 days from the date of deposit.
- Penal interest for premature withdrawal of all other categories of deposits would be 1% on the rate applicable for the period for which the deposit remained with the bank.
- Incentive if any offered on any single deposits shall also be deducted on premature withdrawal of such deposits, in addition to penal interest.