TMB Navarathnamala RD

A monthly investment of Rs. 830 for 60 months (Total Investment Rs. 49,800) will fetch interest at 9.25% p.a. compounded quarterly & will give you a maturity value of about Rs. 1,00,000 at end of 120 months.

Most popular recurring deposit (RD) scheme

TMB Navarathanmala Recurring Deposit Scheme

Learn more about the best Recurring plus Reinvestment Scheme from TMB.

Its a combination of Recurring and Muthukkuvial Deposits. It offers attractive returns on investments. Instalment can be remitted for 36 / 48 / 60 months. Account can be opened for 120 months only.

Further, nomination facility is also available in this scheme. Compound Interest will be provided depending on period of deposit. Loans can also be arranged against this deposit.

Premature Closing is allowed subject to penalties.

Facility to auto transfer funds from other operative accounts also available. The maturity Value Chart shows the returns on investment for different periods.

Product Highlights:

    It is a combination of Recurring and Muthukkuvial deposits.

    Lump Sum repayment of Rs. 10,000.00, Rs. 20,000.00, Rs. 30,000.00, Rs. 50,000.00 and Rs. 1,00,000.00 etc.

    Installments should be remitted for a period of 36 / 48 / 60 months.

    Accounts can be opened for a period of 120 months only.

    Nomination facility is available.

    Compound interest is eligible, depending upon the period of deposit.

    Premature closing is allowed, subject to penalty.

    Loans can be obtained against the deposit amount.

    Standing instruction is accepted for the installment transfer from other operative accounts.

Deposit Rate of Interest..

Interest Rate updated May 22, 2014, subject to change.

A monthly investment of Rs. 830.00 for 60 months (Total Investment Rs. 49,800.00) will fetch interest at 9.25% p.a. compounded quarterly & will give you a maturity value of around Rs. 1,00,000 at end of 120 months.

The Effective Annualized Returns is 9.576 % p.a.

  

MONTHLY

INVESTMENT IN Rs.                                 MATURITY AFTER

                                                                TEN YEARS IN Rs.

36 Months       48 Months          60 Months

1270                 995                 830                100000

2540           1990                    1660                200000

3810           2985                    2490               300000

5080           3980                    3320                400000

6350              4975                     4150                500000

7620              5970                     4980                600000

8890           6965                     5810               700000

10160        7960               6640               800000

114 30           8955                    7470                900000

12700            9950                    8300               1000000

For More details

Tamilnad Mercantile Bank Limited 

(A Scheduled Commercial Bank & Authorized Dealers in Foreign Exchange)

57, V.E. Road,  

Tuticorin, Tamilnadu, India.  Zip: 628 002.                     

Phone: +91 461 232 1382, +91 461 232 1929, 

+91 461 232 1932.     

E mail: bd@tnmbonline.com, ttn_tmbankhi@sancharnet.in 

Tamilnad Mercantile Bank Limited 

269 /2 - 4, Avvai Shanmugham Road, Royapettah,                                  Chennai -  600 014.                                                                                    Tamilnadu, India.            

 Phone: +91 44  2813 1028,  +91 44  2813 2813, 

+91 44  2813 1029.        

 E mail: ibd@tnmbonline.com 

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