Siranjeevee R. Deposit

• Interest Rates
• Savings Bank A/c.
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• TMB Double Deposit
• TMB 400 Days
• Premature Closure

Learn more about the Most Popular Insurance Linked Recurring Deposit Scheme from TMB.

This is among flagship recurring deposit plans which is linked with an added benefit of life insurance cover. TMB offers this scheme in association with Reliance Life Insurance Co. Ltd. Get Double Benefit of Insurance Cover and Interest on Deposits. Loans against such deposits are also provided. Insurance Premium is paid by TMB out of future accrued interest. Nomination facility is also available.

Product Highlights:

• Anyone above 18 years age and below 59 years age can open a SRD Account.
• Reap Double Benefits - Life Insurance Cover along with Interest on Deposits.
• Hassle Free Scheme - No Medical Check-up Required.
• Save as small as Rs. 100.00 p.m. or as big as Rs. 10,000.00 p.m.
• Life Insurance Cover is available upto a maximum of Rs. 10 Lakhs.
• Accidental Death Double Insurance Cover is available upto a maximum of Rs. 20 Lakhs.
• Insurance Premium is paid by TMB out of future accrued interest.
• Deposit Rs. 1,000.00 per month for 84 months and get back upto Rs. 117,115.00 as maturity value *
• Get Life Insurance Cover of Rs. 118,000.00, nearly equal to the Maturity Value of SRD Account.
• On Unfortunate Death due to Accident, (in case of individuals) the nominee gets Rs. 236,000.00, i.e. Double the Insured Amount + Amount Deposited with Applicable Interest.
• Loan available against SRD.
• No tax liability for Death Benefits (u/s 10D)
• No TDS for Interest earned in SRD A/c.
• Tax Benefits for Premium Paid as per Income Tax Act.

* Conditions Apply. The maturity value is subject to change depending upon change in rate if any of future premiums. Insurance is the subject matter of solicitation.

Product FAQ:

Frequently Asked Questions about Siranjeevee will give the complete details of all the queries that you may have regarding this Insurance Linked Recurring Deposit Scheme.

Maturity Value / Insurance Cover Calculator:

Quick Claim Settlement:

One of the depositors belonging to our Mumbai Sion branch recently met with an accident in pune and expired. The depositor had paid only two installments of Rs.2500 each and had nominated his wife as nominee. The sum assured is Rs.1,75,000.00 for natural death and Rs.3,50,000.00 for accidental death. Our GM (Operations) Shri. P R Varatharajan handed over the insurance amount of Rs.3,50,000.00 plus the RD amount with interest to the claimant immediately. The family thanked the Bank not only for its scheme but also for its efforts to get the claim amount within a short span of time.

Download the Application Form:

• Siranjeevee R. Deposit Application Form (Format: MS Word Document)