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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.) General Public
(Below 2 crore)
Senior Citizen
(Below 2 crore)
Upto Amount Rs. 1,99,99,999 Rs. 1,99,99,999
  • Above Interest Rates applicable from July 06, 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.

* Additional rate of interest payable on term deposits to Senior Citizens shall not apply to NRO Term Deposits
# Additional rate of interest payable on term deposits to Senior Citizens shall not apply for the period from 3 years to 10 years

3 years to 10 years 5.75% 5.75%#
2 years to less than 3 years 5.90% 6.40%
Above 20 months 20 days to less than 2 years 6.00% 6.50%
20 months & 20 days 6.00% 6.50%
Above 1 year to less than 20 months & 20 days 6.00% 6.50%
1 year 5.90% 6.40%
271 days to less than 1 year 5.50% 5.50%
180-270 days 5.50% 5.50%
91-179 days 5.25% 5.25%
61-90 days 4.50% 4.50%
46-60 days 4.50% 4.50%
30-45 days 4.00% 4.00%
15-29 days 3.75% 3.75%

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.) Bulk deposits
(2 crore to 5 crore)
Bulk deposits
(Above 5 crore)
Amount From Rs. 2,00,00,000 Rs. 5,00,00,001
Amount Upto Rs. 5,00,00,000 Rs. 9,99,99,999
  • For acceptance of deposit of 2 crore and above, branches should contact our Treasury Department for their permission
  • There is no penal interest for premature closure of bulk deposits (2 crore and above) after 14 days of opening.
3 years to 10 years 5.40% 5.40%
2 years to less than 3 years 5.50% 5.50%
Above 20 months 20 days to less than 2 years 5.60% 5.60%
20 months & 20 days 5.60% 5.60%
Above 1 year to less than 20 months & 20 days 5.70% 5.70%
1 year 5.60% 5.60%
271 days to less than 1 year 5.25% 5.25%
180-270 days 5.25% 5.25%
91-179 days 5.00% 5.00%
61-90 days 4.25% 4.25%
46-60 days 4.25% 4.25%
30-45 days 3.75% 3.75%
15-29 days 3.50% 3.50%