Learn more about the Cash Certificate Scheme from TMB.
This is among our most popular fixed face value plans earning a higher rate of interest on your savings. Loans against such deposits are also provided. Deposits can be made for periods ranging from 12 months to 10 years in complete quarters. Nomination facility is also available.
An issue price of around Rs. 709.00 at 6.60% p.a. compounded quarterly interest rate for 63 months will give you a maturity value of around Rs. 1,000.00. The Effective Annualized Returns works out to 6.765% p.a.