TMB has been consistently offering higher rates of interest since the last many years for the benefit of its depositors since its cost of operations are low compared to other banks.
For all Higher Value Deposits beyond the ceiling amount specified in the table below, please contact your nearest TMB branch for availing special offers if any.
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RATE ON BULK DEPOSITS (DOMESTIC TERM DEPOSITS & NRO DEPOSITS)
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Period
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Bulk deposits (Rs.2 crore and above)
(w.e.f 07.11.2022)
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7-14 days
|
5.25
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15-29 days
|
5.25
|
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30-45 days
|
5.25
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46-60 days
|
5.25
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61-90 days
|
5.25
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91-120 days
|
5.25
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121-179 days
|
5.50
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180-270 days
|
5.75
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271 days to less than 1 year
|
5.75
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1 year
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6.80
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Above 1 year to less than 20 months & 20 days
|
6.50
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20 months & 20 days
|
6.50
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Above 20 months 20 days to less than 2 years
|
6.50
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2 years to less than 3 years
|
6.50
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3 years to 10 years
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6.00
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Note:
- For acceptance of deposit of Rs.2 crore and above, branches should contact our Treasury Department for their permission
- There is no penal interest for premature closure of bulk deposits (Rs.2 crore and above) after 7 days of opening.