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Old June 14th, 2016, 10:18 AM
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Default tamilnad mercantile bank fcnr

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Old May 20th, 2017, 03:07 PM
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Default Re: tamilnad mercantile bank fcnr

Hello sir, is there any one can provide me interest rates for Foreign Currency Non Residential in Tamilnad Mercantile Bank?
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Old May 20th, 2017, 03:08 PM
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Default Re: tamilnad mercantile bank fcnr

The Tamilnad Mercantile Bank is very popular since long for being the bank offering the highest rates of interest for NRI accounts for the benefit of its depositors.

There is No wonder a major part of Tamilnad Mercantile Bank deposits are from NRI citizens abroad.

The rates are split for different types of NRI Account to offer the highest rate of interest possible.

Currencies Permitted

Minimum Deposit
US$ 25,000/-

Tenure of Deposit
1 / 2 / 3 Years

Interest rates for Foreign Currency Non Residential in Tamilnad Mercantile Bank:

Interest Rates on FCNR-B Deposits:

Currency 1y - <2y 2y - <3y 3y - <4y 4y - <5y 5y
USD 2.64 2.83 3.22 3.52 3.62
GBP 1.62 1.82 2.14 2.42 2.50
EUR 1.05 1.12 1.47 1.79 1.92
CAD 2.45 2.35 2.71 3.01 3.10
AUD 3.04 3.12 3.51 4.03 4.16
JPY 1.29 1.29 1.54 1.76 1.78
CHF 0.60 0.62 0.99 1.29 1.40

TMB bank is also provides:

Nri & international bank
Nri Interest Rates / Nri ACC.
Money Tran. / Travel card
Global Forex Services
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