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Tamilnad Mercantile Bank FD Calculator

Total Investment

₹10,000
₹1,00,00,000

Number of years

Yrs
1 yr
25 yrs

Interest Rate

%
1 %
15%

Fixed Deposit Rates on Domestic/NRO deposits of less than Rs 2 crore - General Public

Tenure Regular Citizens
7 to 14 days 2.75
15 to 29 days 3.5
30 to 45 days 3.5
46 to 60 days 3.75
61 to 90 days 3.75
91 to 179 days 4.5
180 to 270 days 5
271 days to less than 1 year 5
1 year 5.5
Above 1 year to less than 20 months & 20 days 5.6
20 months & 20 days 5.6
Above 20 months 20 days to less than 2 years 5.6
2 years to less than 3 years 5.75
3 years to 10 years 5.75

Note: The FD interest rates are effective as of 1 September 2022

Fixed Deposit Rates on Domestic/NRO deposits of less than Rs 2 crore - Senior Citizens

Tenure Senior Citizens
7 to 14 days 2.75
15 to 29 days 3.5
30 to 45 days 3.5
46 to 60 days 3.75
61 to 90 days 3.75
91 to 179 days 4.5
180 to 270 days 5
271 days to less than 1 year 5
1 year 6
Above 1 year to less than 20 months & 20 days 6.1
20 months & 20 days 6.1
Above 20 months 20 days to less than 2 years 6.1
2 years to less than 3 years 6.25
3 years to 10 years 6.25

Note: The FD interest rates are effective as of 1 September 2022

TMB Fixed Deposit Interest Rates on Bulk Domestic & NRO deposits

Tenure Rs. 2 crore – Rs. 5 crore Above Rs. 5 crore
7 to 14 days 3.35 3.35
15 to 29 days 3.35 3.35
30 to 45 days 3.5 3.5
46 to 60 days 3.5 3.5
61 to 90 days 3.5 3.5
91 to 179 days 4 4
180 to 270 days 4.25 4.25
271 days to less than 1 year 4.75 4.75
1 year 5.45 5.45
Above 1 years to less than 20 months & 20 days 5.3 5.3
20 months & 20 days 5.3 5.3
Above 20 months 20 days to less than 2 years 5.25 5.25
2 years to less than 3 years 5.25 5.25
3 years to 10 years 5.05 5.05

Note: The FD interest rates are effective as of 1 September 2022

Tamilnad Mercantile Bank Tax Saver Deposit - General Public

Tenure Regular Citizens
5 years to 10 years 5.75

Tamilnad Mercantile Bank Tax Saver Deposit - Senior Citizens

Tenure Senior Citizens
5 years to 10 years 6.25

Fixed Deposit Interest Rates on NRE deposits

Period For deposits below Rs 2 crore* For deposits below Rs 2 crore Bulk deposits of Rs 2 crore to Rs 5 crore
1 year 5.75 5.5 5.45
Above 1 year to 18 months 5.85 5.6 5.3
Above 18 months to less than 2 years 5.85 5.6 5.25
2 years to less than 3 years 6 5.75 5.25
3 years to 10 years 5.85 5.75 5.05

Note: The FD interest rates are effective as of 1 September 2022

Interest Rates on FCNR(B)

Currency 1 year to less than 2 years 2 years to less than 3 years 3 years to less than 4 years 4 years to less than 5 years 5 years
USD 3.68 3.68 3.83 3.63 3.63
GBP 2.29 2.29 2.24 2.34 2.34
EUR 1.01 1.01 0.96 1.06 1.06
CAD 2.72 2.72 2.72 2.72 2.72
AUD 1.6 1.6 1.6 1.6 1.6
JPY 0.24 0.24 0.24 0.24 0.24
CHF 0 0 0 0 0

Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.