Muthukuviyal FD

our flagship deposit reinvestment scheme

Learn more about the Flagship Reinvestment Scheme from TMB.

Muthukuviyal FD

This is among our most popular reinvestment plans earning a higher rate of interest on your savings. Further, loans against such deposits are provided. Deposits can be made for periods ranging from 12 months to 10 years. Nomination facility is also available. Complete details of the scheme is documented below.

Product Highlights:

  • Account can be opened with a minimum deposit of Rs. 1,000.00 and in multiples of Rs. 1,000.00.
  • 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 Sep 06, 2016, subject to change.

An investment of Rs. 1,000.00 for 63 months will fetch you interest at 7.45% p.a. compounded quarterly and will give you a maturity value of around Rs. 1,473.00. The Effective Annualized Returns works out to 7.661% p.a.

Download the Application Form: