Cash Certificate

features of discounted principal deposit
Cash Certificate

Learn more about the Cash Certificate Scheme from TMB.

This is among our most popular fixed face value plans earning a higher rate of interest on your savings. 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:

  • Cash certificates are available in the following denominations Rs. 1,000.00, Rs. 5,000.00, Rs. 10,000.00, Rs. 25,000.00, Rs. 50,000.00 and Rs. 1,00,000.00.
  • Deposit amount is accepted for the minimum period of 12 months and for a maximum period of 120 months in completed quarters.
  • Nomination facility is available.
  • Compound interest is eligible, depending upon the period of deposit.
  • Premature Closing is allowed, subject to penalty.
  • Loans can be obtained against the deposit amount.

Deposit Rate of Interest:

Deposit Maturity Calculator:

Deposit Maturity Calculator

Interest Rate updated Apr 24, 2017, subject to change.

An issue price of around Rs. 698.00 at 6.90% p.a. compounded quarterly interest rate for 63 months will give you a maturity value of around Rs. 1,000.00. The Effective Annualized Returns works out to 7.081% p.a.

Download the Application Form: