Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.
Tamilnad Mercantile Bank, previously known as Nadar Bank was established to provide financial support and services to the Nadar community. However, it soon expanded its reach to cater to a wider base of the customers. It provides various savings account options to fulfil customer’s requirements.
Tamilnad Mercantile Bank Savings Account Interest Rates
|Amount / Interest Rate (p.a.)||Regular Citizens|
|Balance up to Rs. 10 lakh||3.00%|
|Balance above Rs. 10 lakh||3.25%|
Note: The above-mentioned interest rates are updated as on 21st November 2023.