Name of the Organisation : Tamilnad Mercantile Bank (tmb.in)
Type of Announcement : Navarathnamala Deposit Scheme

http://www.tmb.in/recurring_navarath...it_scheme.html
Home Page : http://www.tmb.in/

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Navarathnamala RD Deposit Scheme :
Navarathnamala RD our most popular recurring deposit scheme

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

A unique mixture of monthly savings and reinvestment plans, suitable for people of all walks of life. Plan for your children's higher education and marriage expenses by joining in the Navarathnamala Deposit Scheme today. It offers attractive returns on investments with compounded interest for entire duration.

Instalment can be remitted for 36/48/60 months. Account can be opened for either 60 months with 36 months instalments plus 24 months reinvestment period or 120 months with 36/48/60 months instalments period plus 84/72/60 months reinvestment period respectively.

Product Highlights:
** The Scheme is open to all Indian Citizens of above the age of 18 years.
** Accounts in the name of Minor Children can be opened by their parents, as natural guardian.
** 5 years NMD - Rate of interest is 9.30% p.a. For Senior Citizens, 0.50% extra.
** 10 years NMD - Rate of interest is 9.25% p.a. For Senior Citizens, 0.50% extra
** Lump Sum repayment of Rs. 10,000, Rs. 20,000, Rs. 30,000, Rs. 50,000 & Rs. 1,00,000 etc.
** Joint Accounts can be opened.
** Scheme is open to Individuals, HUF, Partnership Firms, Company, Trusts and Associations, etc.
** Scheme is also open to Non Resident Individuals. NRE accounts are fully exempted from the provisions of TDS.
** A single person / entity can open any number of Navarathnamala accounts.
** Standing Instruction / ECS facility available.
** Nomination facility available.
** Pre-closure facility is available.
** Loan against the deposited amount is available. Further, the deposit amount can also be offered as security for other credit facilities.
** Form 15 G/H can be submitted for exemption from TDS.

Helpdesk 180 0425 0426 / 9842 461 461