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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 2024
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 11th September 2024.