Double Deposit

double your deposits in the shortest possible time

Learn more about our latest deposit scheme the TMB Double for all from TMB.

This scheme entitles to double your initial one time deposit in the shortest possible time frame. Senior Citizens get to have shorter doubling time period on account of higher interest rate offered.

Double Deposit Returns Calculator:

A Senior Citizen gets the money doubled in approximately 88 months and 19 days. An ordinary citizen will get his / her money doubled in approximately 93 months and 14 days.

Eligibility
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. The interest will be compounded quarterly.
Denomination
Minimum prescribed deposit will be Rs. 1,000.00 and in multiples of Rs. 1,000.00. The deposit is not transferable.
Loan on Deposit
Loan facility up to 90 % will be made available as per the Bank’s extant guidelines.
Nomination
Nomination facility is available.
Premature closure
Know more about our Premature FD Closure Policy
Pre-closure & TDS
As per the extant guidelines.
Interest / Period
  • A Senior Citizen gets the money doubled in approximately 88 months and 19 days.
  • An ordinary citizen will get his / her money doubled in approximately 93 months and 14 days.
  • Interest Rate for calculation taken as 9.50% p.a. (Yield 9.844% p.a.) for senior citizens and 9.00% p.a. (Yield 9.308% p.a.) for ordinary citizens. Interest being compounded quarterly. Interest Rate updated Dec 05, 2014, subject to change.
KYC Compliance
Proof of identity, proof of address and passport size photo are insisted for new customers and existing customers who have not complied with KYC guidelines earlier.

Deposit Rate of Interest:

Download the Application Form: