Tamilnad Mercantile Bank Flexi Fixed Deposit 

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What is a Tamilnad Mercantile Bank Flexi Deposit?

Tamilnad Mercantile Bank Flexi Deposit links your TMB Visa Savings Account or TMB Santhosh Savings Bank Account to a fixed deposit, helping you earn higher interest on surplus funds. The surplus funds from the TMB Visa Account are auto-swept every Monday for amounts above the threshold. Meanwhile, the TMB Santhosh Savings Bank Account allows sweep-out in multiples of ₹1,000 from the Flexi Fixed Deposit.

Tamilnad Mercantile Bank Flexi Deposit Interest Rates

Tamilnad Mercantile Bank Flexi Deposit offers the same Flexi Fixed Deposit interest rates as regular FDs. Below are the latest Tamilnad Mercantile Bank FD interest rates for general and senior citizens across different tenures:

For Callable Deposits Less than ₹3 Crores

*Tamilnad Mercantile Bank FD interest rates w.e.f. June 17, 2025

Key Features of Tamilnad Mercantile Bank Flexi Fixed Deposit

Here are the key features of the Flexi Fixed Deposit Tamilnad Mercantile Bank scheme that make it a smart combination of liquidity and higher returns:

• Flexible Tenure: Fixed deposits created through sweep-ins range from 15 days to 6 months for a TMB Visa Account, and 15 days to 5 years for a TMB Santhosh Savings Account.
• Partial Withdrawal: Only the required amount is withdrawn from the FD, while the remaining balance continues to earn interest without interruption.
• Earns FD Interest: Swept-in funds earn fixed deposit interest rates, typically higher than savings account rates.
• Safe & Regulated: Deposits, including Flexi FDs, are insured up to ₹5 lakh and fall under RBI supervision.
• Cash Deposit Limit: TMB Santhosh Saving Account also offers free cash deposits of up to ₹10,00,000 per month.
• Free Personal Accident Insurance: The TMB Santhosh Savings Bank Account provides death cover of up to ₹1,00,000 at no additional cost.

How to Open a Tamilnad Mercantile Bank Flexi Fixed Deposit?

You can open a Flexi Fixed Deposit with Tamilnad Mercantile Bank either online or by visiting a branch. This deposit links to your savings account, allowing you to earn higher interest on surplus funds while keeping them liquid and easily accessible.

1. Online Flexi FD Opening

   You can book a Tamilnad Mercantile Bank Flexi Deposit online if you are an existing account holder. New customers must first open a savings account with the bank before linking it to a Flexi Fixed Deposit.

   • NetBanking or Mobile App: Log in to TMB Internet Banking or the Tamilnad Mercantile Bank mobile banking app.
   • Go to ‘Fixed Deposit’: Go to the ‘Deposits’ section and select ‘Open Fixed Deposit’.
   • Select FD Type: Choose the Flexi Fixed Deposit option.
   • Select FD Amount: Enter the deposit amount and tenure, and select the account to be linked.
   • Maturity Instructions: Set sweep-in and sweep-out instructions.
   • Review & Confirm: Review all the details and confirm.
   • FD Receipt: The bank will issue a receipt for the FD.

2. Offline Flexi FD Opening

   If you find the offline process more convenient, just visit your nearest TMB Bank branch to book an FD.

   • Visit TMB Bank Branch: Visit a TMB Bank branch with your savings account details and funds.
   • FD Form: Request and fill out the Fixed Deposit application form at the branch, mentioning that you want to open a Flexi Fixed Deposit.
   • Submit Documents: Submit the form along with your savings account number. New customers must provide KYC documents, including a PAN card, Aadhaar card, or other valid ID and proof of address.
   • Fund Transfer/Deposit: The bank official will verify the documents and complete the deposit process.
   • Tenure & Interest Options: You can choose your preferred tenure and interest payout frequency.
   • Get the FD Receipt: The bank official will provide an FD receipt.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison between Flexi Fixed Deposit and Regular Fixed Deposit at Tamilnad Mercantile Bank to help you understand which suits your financial needs better:

Key Takeaways

Tamilnad Mercantile Bank Flexi Fixed Deposit connects your TMB Visa Savings Account or TMB Santhosh Savings Bank Account to a fixed deposit. It allows extra money in your account to earn FD interest rates, helping you grow your savings without losing access to your funds. Flexi deposits combine the safety of FDs with higher returns, making them a secure plan for growing your savings. Flexi fixed deposit offers automatic transfers and flexible withdrawals, ensuring your money stays safe, is convenient to access, and continues to earn interest.