Learn more about our back by popular demand investment Scheme from TMB.
As the title suggests, you get the highest interest rate in the shortest possible span of time viz. 400 days. Yes, in this scheme you get upto 7.50% p.a. interest rate for senior citizens and 7.00% p.a. interest rate for all others.
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.
The existing slab TMB 400 days will cease to exist from 01.06.2016.
[* Additional rate of interest payable on term deposits to Senior Citizens shall not apply to NRO / NRE Term Deposits].