Private bank · typically 60 years and above
Tamilnad Mercantile Bank Senior Citizen rates
The highest senior citizen rate Tamilnad Mercantile Bank publishes today is 7.70% for 567 Days. All 20 published terms are below, exactly as the bank states them.
Effective from 10 Apr 2026 — the date Tamilnad Mercantile Bank published these rates, not the date we read them.
Published terms
20
distinct rows on the bank’s own rate card
Rate range
4.00% – 7.70%
lowest to highest across all terms
Senior citizen premium
+0 to +50 bps
extra rate over the general card, by term
Bank type
Private
as classified by the RBI
Fixed deposit · 17 terms
Source: Tamilnad Mercantile Bank interest-rate page| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 7 to 14 Days | 4.00% | 4.00% | same | up to ₹3 Cr | 10 Apr 2026 |
| 15 to 29 Days | 4.25% | 4.25% | same | up to ₹3 Cr | 10 Apr 2026 |
| 30 to 45 Days | 4.50% | 4.50% | same | up to ₹3 Cr | 10 Apr 2026 |
| 46 to 60 Days | 4.80% | 4.80% | same | up to ₹3 Cr | 10 Apr 2026 |
| 61 to 90 Days | 4.80% | 4.80% | same | up to ₹3 Cr | 10 Apr 2026 |
| 91 to 120 Days | 5.80% | 5.80% | same | up to ₹3 Cr | 10 Apr 2026 |
| 121 to 179 Days | 5.80% | 5.80% | same | up to ₹3 Cr | 10 Apr 2026 |
| 180 to 270 Days | 6.30% | 6.30% | same | up to ₹3 Cr | 10 Apr 2026 |
| 271 Days to < 1 Year | 6.50% | 6.50% | same | up to ₹3 Cr | 10 Apr 2026 |
| 1 Year | 7.30% | 6.80% | +50 bps | up to ₹3 Cr | 10 Apr 2026 |
| > 1 Year to < 456 Days | 7.20% | 6.70% | +50 bps | up to ₹3 Cr | 10 Apr 2026 |
| 456 DaysTMB 456 Special Deposit scheme | 7.50% | 7.10% | +40 bps | up to ₹3 Cr | 10 Apr 2026 |
| > 456 to 566 Days | 7.10% | 6.60% | +50 bps | up to ₹3 Cr | 10 Apr 2026 |
| 567 DaysTMB 567 Special Deposit scheme | 7.70% | 7.25% | +45 bps | up to ₹3 Cr | 10 Apr 2026 |
| > 567 Days to < 2 Years | 7.10% | 6.60% | +50 bps | up to ₹3 Cr | 10 Apr 2026 |
| 2 to < 3 Years | 7.50% | 7.00% | +50 bps | up to ₹3 Cr | 10 Apr 2026 |
| 3 to 10 Years | 7.20% | 6.70% | +50 bps | up to ₹3 Cr | 10 Apr 2026 |
Other fixed deposits at Tamilnad Mercantile Bank
Same bank, different rules on breaking the deposit and on tax. Each carries its own rate card, its own effective date, and a link to the page it came from.
Non-callable fixed deposit
Source: Tamilnad Mercantile Bank non-callable fixed deposit pageCannot be withdrawn before maturity. Banks usually pay more for that, and the minimum is usually higher.
| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 2 to < 3 Years | 7.60% | 7.10% | +50 bps | ₹1 Cr – ₹3 Cr | 10 Apr 2026 |
| 3 to 10 Years | 7.30% | 6.80% | +50 bps | ₹1 Cr – ₹3 Cr | 10 Apr 2026 |
Tax-saver fixed deposit
Source: Tamilnad Mercantile Bank tax-saver fixed deposit pageQualifies for the Section 80C deduction and carries a 5-year lock-in. It cannot be broken early.
| Tenure | Senior Citizen rate | General | Premium | Amount | Effective |
|---|---|---|---|---|---|
| 5 to 10 Years | 7.20% | 6.70% | +50 bps | ₹100 – ₹1.50 L | 10 Apr 2026 |
Opening a fixed deposit with Tamilnad Mercantile Bank
Tamilnad Mercantile Bank publishes 20 separate terms for senior citizens, starting from ₹100. The highest is 7.70% at 567 Days, under its TMB 567 Special Deposit scheme scheme.
Read the term column before you commit. Banks price odd terms deliberately — this one lists 7 to 14 Days, and asking for a round number instead can put you in a lower bucket. The rate you get is the one printed against the term you actually book.
You can usually open a deposit inside TMB Mobile Banking, at a branch, or through net banking. Eligibility, documents and premature-withdrawal penalties are set by Tamilnad Mercantile Bank and change without notice, so read their deposit terms & conditions. We publish rates, not advice.