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Pearl Deposit

reinvestment plan with quarterly interest payment
Pearl Deposit - reinvestment plan with quarterly interest payment

Learn more about the popular TMB Pearl Deposit Scheme from TMB.

This is among our most popular deposit plans where in the interest can be drawn / transferred to any operative account at every quarterly / half yearly / yearly periods. Loans against such deposits are also provided. Deposits can be made for periods ranging from 12 months to 10 years in complete quarters. Nomination facility is also available.

 

Product Highlights:

  • Amount can be deposited for a fixed period with interest withdrawal option.
  • Account can be opened for a minimum period of 12 months to 120 months.
  • Nomination facility is available.
  • Compound interest is eligible and it can be withdrawn once in 3 / 6 / 12 months.
  • Premature closing is allowed, subject to penalty.
  • Standing instructions for payments / deposit accounts transfer are accepted.
  • Loans can be obtained against the deposit amount.

Interest Payout Calculator:

An investment of Rs. 1,000.00 in various periods of deposit of the principal for withdrawal of interest in quarterly / half yearly / annual periods will earn an interest as per the table below. This interest rate is applicable from May 08, 2008 and is subject to change without notice.

Table showing the interest payout under TMB Pearl Deposit
DurationInt. RateQrtrly.H. YearlyAnnually
  • Table above shows the Periodical Interest Payout Value for deposit of Rs. 1,000.00 in given periods as shown on left.
5 years & above10.00%25.0050.62103.81
401 days - <5 years9.25%23.1346.7895.76
400 days only9.50%23.7548.0698.44
12 month - 399 days9.25%23.1346.7895.76

Download the Application Form:

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