TMB 777 Deposit

choose the best deposit scheme for 777 days

Learn more about our back by popular demand investment Scheme from TMB.

TMB 777 Deposit

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 777 days will cease to exist from 01.04.2016.

Purpose
To attract retail as well as corporate customers having aptitude for long term Investments.
Eligibility
All types of Resident Individuals (including Minors), Non-Resident Indians and Non Individuals.
Minimum Deposit
Minimum deposit will be Rs. 1,000.00 and in multiples of Rs. 1,000.00.
Maximum Deposit
No limit but for single deposit of Rs. 1 Crore and above, special interest rate if any may be quoted by Treasury Department.
Mode of Deposit
Fixed / Muthukuvial Deposit.
Interest Payment Frequency
Quarterly as well as Monthly with discounted rate over standard rate.
Tenure
777 Days.
Rate of interest
General Public: 7.10% p.a., Senior Citizen: 7.60% p.a..
Loan on Deposit
Loan facility will be made available as per the Bank's extant guidelines.
Nomination
Nomination facility is available.
Premature Closure
For Single Deposit Amount below Rs. 1 Crore - 1% penalty shall be levied on the card rate of the interest applicable to the period for which the deposit remained with bank. For Single Deposit Amount Rs. 1 Crore & above - there is no penal interest for premature closure of bulk deposits after 14 days of deposits.
KYC Compliance
The account should be fully KYC compliant.
Limitations
This is a Special Limited Period Offer only.

[* Additional rate of interest payable on term deposits to Senior Citizens shall not apply to NRO / NRE Term Deposits].

Download the Application Form: