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NRO Interest Rates

TMB has been very popular since long for being the bank offering the highest rates of interest for NRI accounts for the benefit of its depositors. No wonder a major part of our deposits are from NRI citizens abroad. The rates are split for different types of NRI Account to offer the highest rate of interest possible.

For all Bulk Deposits above the ceiling amount specified in the table below, refer to the Bulk Deposit table further below.

Period / Interest Rate (p.a.) Regular Citizens / NRO Dep. Senior Citizens
Upto Amount Rs. 1,99,99,999 Rs. 1,99,99,999
  • Above Interest Rates applicable from Jan 20, 2020.
  • Please note that Interest Rates are subject to change without notice as per the market trends and the bank’s decision in this regards is final.
3 years - 10y 6.60% 7.10%
2 years < 3 years 6.75% 7.25%
> 20m 20d - < 2 years 6.70% 7.20%
20 months 20 days 6.70% 7.20%
> 1y to < 20m 20d 6.70% 7.20%
1 year 6.60% 7.10%
271 days - < 12 months 6.50% 6.50%
180 days - 270 days 6.25% 6.25%
91 days - 179 days 6.00% 6.00%
61 - 90 days 6.00% 6.00%
46 - 60 days 6.00% 6.00%
30 - 45 days 5.25% 5.25%
15 - 29 days 5.00% 5.00%

For all High Value Deposits above the ceiling amount specified in the table below, please contact your nearest TMB branch for availing special offers if any.

Period / Interest Rate (p.a.) All Citizens All Citizens
Amount From Rs. 2,00,00,000 Rs. 5,00,00,001
Amount Upto Rs. 5,00,00,000 Rs. 9,99,99,999
  • Above Interest Rates applicable from Jan 20, 2020.
  • Additional rate of interest payable on term deposits to Senior Citizens shall not apply to NRO Term Deposits.
  • No interest will be payable, if the deposit is pre-closed within 14 days.
  • Please note that Interest Rates are subject to change without notice as per the market trends and the bank’s decision in this regards is final.
3 years - 10y 6.35% 6.35%
2 years < 3 years 6.65% 6.65%
> 20m 20d - < 2 years 6.60% 6.60%
20 months 20 days 6.60% 6.60%
> 1y to < 20m 20d 6.60% 6.60%
1 year 6.50% 6.50%
271 days - < 12 months 6.50% 6.50%
180 days - 270 days 6.25% 6.25%
91 days - 179 days 6.00% 6.00%
61 - 90 days 6.00% 6.00%
46 - 60 days 6.00% 6.00%
30 - 45 days 5.25% 5.25%
15 - 29 days 5.00% 5.00%