Tamilnad Mercantile Bank (TMB) is offering up to 7.50% per annum to senior citizens on domestic term deposits under its “456 days (TMB456 Special Deposit Scheme)”, as per the bank’s official deposit interest rate card effective 08 January 2026.
- What Is TMB’s 456-Day Deposit Scheme?
- Latest TMB FD Rates (Retail Callable Rates Below ₹3 Crore)
- Short-Tenor Examples (Below 1 Year)
- Callable Vs Non-Callable And Bulk Deposits (Why Rates May Differ)
- Key Highlights / Summary Box
- Local Impact Section: Jammu & Kashmir
- How To Verify On The Official Website
- Conclusion
- FAQ
For general customers, TMB lists 7.10% p.a. on the same 456-day tenor in the retail callable table.
What Is TMB’s 456-Day Deposit Scheme?
TMB lists the special FD tenor on its rate table as “456 days (TMB456 Special Deposit Scheme)”.
The bank also mentions that special schemes are available for a limited period only, so availability should be checked at the time of booking.
Latest TMB FD Rates (Retail Callable Rates Below ₹3 Crore)
Rates below are callable retail rates (deposits below ₹3 crore) unless stated otherwise.
Important note (as per TMB footnotes): Senior citizen additional interest is not applicable to NRO term deposits, and generally not applicable for tenors below 1 year (exception noted for TMB300).
Key tenors (most searched)
- 1 Year: 6.80% (general) | 7.30% (senior citizens)
- Above 1 year to <456 days: 6.80% (general) | 7.30% (senior citizens)
- 456 days (TMB456 Special Deposit Scheme): 7.10% (general) | 7.50% (senior citizens)
- Above 456 days to <2 years: 6.60% (general) | 7.10% (senior citizens)
- 2 years to <3 years: 6.60% (general) | 7.10% (senior citizens)
- 3 years to 10 years: 6.60% (general) | 7.10% (senior citizens)
Short-Tenor Examples (Below 1 Year)
TMB’s table shows lower rates for short tenors. Examples include:
- 7–14 days: 4.00% (general) | 4.00% (senior)
- 15–29 days: 4.25% | 4.25%
- 46–60 days: 4.80% | 4.80%
- 180–270 days: 6.30% | 6.30%
Callable Vs Non-Callable And Bulk Deposits (Why Rates May Differ)
TMB also shows a non-callable column for deposits above ₹1 crore, where premature withdrawal is not permitted.
Separately, the same page displays a Bulk Domestic & NRO Term Deposits table for ₹3 crore and above, shown with a different effective date (13.01.2026).
Key Highlights / Summary Box
TMB’s TMB456 Special Deposit Scheme offers 7.50% p.a. to senior citizens for 456 days (retail callable table).
General customers get 7.10% p.a. on the same 456-day tenor.
TMB says special schemes are limited-period, and senior additional interest does not apply to NRO deposits.
Local Impact Section: Jammu & Kashmir
For depositors in Jammu & Kashmir, the 456-day tenor sits between a one-year FD and longer multi-year options, while still appearing as the top-listed slab for senior citizens in TMB’s retail callable table (w.e.f. 08.01.2026).
How To Verify On The Official Website
On TMB’s official Deposit Interest Rates page, look under Domestic & NRO Term Deposits and find the row “456 days (TMB456 Special Deposit Scheme)” showing 7.10% (general) and 7.50% (senior citizens) under retail callable (below ₹3 crore).
Conclusion
As per TMB’s official rate card effective 08 January 2026, the bank’s 456-day TMB456 deposit is listed at 7.50% p.a. for senior citizens and 7.10% p.a. for general customers in the retail callable table.
Stay tuned for more verified banking updates from KittoNews.
FAQ
A1: It is the “456 days (TMB456 Special Deposit Scheme)”, which lists 7.50% p.a. for senior citizens in TMB’s retail callable rate table (w.e.f. 08.01.2026).
A2: TMB lists 7.10% p.a. for general customers on the 456-day tenor in the same table.
Disclaimer: This article is for information only and does not constitute financial advice. Rates and terms can change—please verify the latest rate card on TMB’s official website before booking.
