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.
The Tabular Data Table below shows the NRE Deposit Interest Rates offered by TMB with effect from 01st Sep 2020.
|Period||Reg. Deposit Rate||High Value Rate||Bulk Deposit Rate|
|Upto Amount||Rs. 1,99,99,999||Rs. 5,00,00,000||Rs. 9,99,99,999|
|> 1y to 18m||5.75%||5.45%||5.45%|
|> 18m to < 2 years||5.75%||5.45%||5.45%|
|2y to < 3 years||5.65%||5.25%||5.25%|
|3 years to 10y||5.50%||5.15%||5.15%|
For all Higher Deposits Amounts above the ceiling amount specified in the table above, please contact your nearest TMB branch for availing special offers if any.
The Tabular Data Table below shows the Interest Rates offered on NRE Savings Account by TMB with effect from 06th Jul 2020.
|Amount / Interest Rate (p.a.)||Regular Citizens||Senior Citizens|
|Balance Above 10 Lakhs||3.50%||3.50%|
|Balance Upto 10 Lakhs||3.25%||3.25%|