NRI Interest Rates
attractive interest rates at the Best Indian NRI bank
TMB has been very popular since long for being the bank offering the highest rates of interest for NRI accounts for the benefit of its depositors. No wonder a major part of our deposits are from NRI citizens abroad. The rates are split for different types of NRI Account to offer the highest rate of interest possible.
NRI Account Types:
Learn more about NRI Account Types offered by TMB.
NRE Savings Bank Deposit:
The interest rate on NRE Savings Bank Deposits with effect from Nov 18, 2005 is 3.50% p.a.
Interest Rates on NRI Deposits:
| Period | Interest Rate (p.a.) |
|---|---|
| |
| One year and above but below two years | 3.08% |
| Two years and above but below three years | 3.18% |
| Three years and above upto 10 years | 3.45% |
Interest Rates on FCNR-B Deposits:
| Period / Currency | USD | GBP | Euro | CAD | AUD |
|---|---|---|---|---|---|
| |||||
| 12 Months | 2.33% | 5.06% | 4.21% | 2.91% | 7.51% |
| 18 Months | 2.38% | 4.86% | 4.00% | 2.78% | 7.21% |
| 24 Months | 2.43% | 4.65% | 3.78% | 2.64% | 6.91% |
| 30 Months | 2.57% | 4.64% | 3.73% | 2.72% | 6.87% |
| 36 months | 2.70% | 4.62% | 3.68% | 2.79% | 6.82% |
| 42 months | 2.82% | 4.61% | 3.67% | 2.85% | 7.84% |
| 48 months | 2.93% | 4.59% | 3.65% | 2.91% | 7.86% |
| 54 months | 3.02% | 4.57% | 3.65% | 2.97% | 6.82% |
| 60 months | 3.11% | 4.54% | 3.64% | 3.03% | 6.78% |
Interest Rates on ONR Deposits:
| Period of Deposit | Rate of Interest (p.a.) |
|---|---|
| |
| Above 5 Years | 6.75% |
| >3 Years - 5 Years | 6.75% |
| 2 Years - 3 Years | 7.00% |
| 12 Months - <2 Years | 6.50% |
| 180 Days - <12 Months | 6.00% |
| 91 - 179 Days | 5.75% |
| 46 - 90 Days | 5.50% |
| 15 - 45 Days | 4.50% |
| 7 - 14 Days | 4.50% |
Please note that Interest Rates are subject to change without notice as per the market trends and the bank's decision in this regards is final.
All information © 2000 - 2008
Tamilnad Mercantile Bank Ltd.
Site design © 2002 - 2008
Pintograph Pvt. Ltd.
Tamilnad Mercantile Bank Ltd.
Site design © 2002 - 2008
Pintograph Pvt. Ltd.
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Intnl. Banking ~ Services ~ Network ~ Customer Care ~ Service Charges & Fees
Complaints / Grievances ~ Fair Practices ~ BCSBI - Code ~ Cheque Collection
Citizen's Charter ~ Compensation Policy ~ Repossession Policy ~ RBI Online
Feedback Form ~ Contact Us ~ Press Release ~ Site Map ~ Disclaimer & Terms