TMB Double Deposit

• Interest Rates
• Savings Bank A/c.
• SB Premium A/c
• Current A/c.
• Janatha Savings A/c.
• TMB Visa A/c.
• Fixed Deposit
• Muthukkuvial Deposit
• Navarathnamala
• Cash Certificate
• Pearl Deposit
• Siranjeevee R. Deposit
• Kids Recurring Deposit
• Santhosh Deposit
• Tax Saving Deposits
• TMB Double Deposit
• TMB 400 Days
• Premature Closure

Learn more about our latest deposit scheme the TMB Double for all from TMB.

The title of this scheme says it all. 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 rate of interest offered to them.

A Senior Citizen gets the money doubled in 7 years and 7 days.

An ordinary citizen will get his / her money doubled in 7 years 2 months and 2 weeks.

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. 1000/- and in multiples of Rs. 1000/. 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.

Pre-closure & TDS

As per the extant guidelines.

Interest / Period

• A Senior Citizen gets the money doubled in 7 years and 7 days.
• An ordinary citizen will get his / her money doubled in 7 years 2 months and 2 weeks.

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.