Tamilnad Mercantile Bank (TMB) offers RDs with rates around 6.75 % for one‑year tenures and about 6.50 % for three‑year tenures. Senior citizens receive an additional 0.50 %. The minimum monthly instalment is typically ₹50. Confirm the latest RD rates and penalty terms with TMB before opening an account.
TMB RD Rate Snapshot
| Tenure | Approximate RD rate |
|---|---|
| 1 year | 6.75 % |
| 3 years | 6.50 % |
| 5 years | 6.25 % |
Depositors should evaluate maturity value and early withdrawal conditions.
