Learn more about the latest fixed deposit TMB PORKUVIAL Deposit Scheme from TMB.
For all those with an eye on long term safe and sound investment with guaranteed appreciation of your deposits, here is a great new scheme that offers the highest rate of interest on deposits for a fixed period of 10 years.
The existing scheme TMB Porkuvial Deposit will cease to exist from December 2018.
- To attract retail depositors having aptitude for long term investments.
- Target Group
- All types of customers (Resident / NRO account holders).
- Minimum Deposit
- Rs. 1,000.00 and its multiples.
- Mode of Deposit
- Fixed Deposit / Cumulative Deposit (Simple interest / compound interest).
- Interest Payment Frequency
- Monthly as well as Quarterly in case of Fixed Deposit.
- 10 Years.
- Rate of interest
- For General Public: 6.90% p.a.
- For Senior Citizens: 7.40% p.a..
- Loan Facility
- Nomination Facility
- Premature closure
- Know more about our Premature FD Closure Policy
- KYC Guidelines
- The accounts should be fully KYC compliant account.
Deposit Rate of Interest:
Deposit Maturity Calculator:
An investment of Rs. 1,000.00 for 120 months will fetch you interest at 6.90% p.a. compounded quarterly and will give you a maturity value of around Rs. 1,982.00. The Effective Annualized Returns works out to 7.081% p.a.
Download the Application Form: