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Learn more about our latest deposit scheme the TMB 444 Days.

As the title suggests, you get the highest interest rate in the shortest possible span of time viz. 444 days. Yes, you get upto 7.75% interest rate for your deposits in just 444 days for senior citizens and 7.25% interest rate for all others.

This scheme stands withdrawn with effect from February 16, 2010. This page is still online for informational purposes only.

 

Table showing various Interest Rates Matrix under TMB 444 deposit scheme
Depositor CategorySimple Interest Rate
  • Interest Rates subject to change without notice.
General Public7.25 %
Senior Citizens7.75 %

 

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 and Non-Resident Ordinary Citizens

Mode of Deposit

Fixed as well as Muthukuvial Deposit

Interest Payment Frequency

Monthly as well as Quarterly in case of Fixed Deposit

Denomination

Minimum prescribed deposit will be Rs. 1000/- and in multiples of Rs. 1000/. The deposit is not transferable.

Rate of Interest

General Public -> 7.25% Senior citizen -> 7.75%

Loan on Deposit

Loan facility up to 90 % will be made available as per the Bank's extant guidelines.

Nomination

Nomination facility is available.

Pre-closure & TDS

As per the extant guidelines.

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.

Limited Period Offer

The scheme will close on 15.02.2010

This scheme stands withdrawn with effect from February 16, 2010. This page is still online for informational purposes only.