New Delhi, Jan. 13 -- Tamilnad Mercantile Bank gives a special offer of 7.5% interest to senior citizens when the tenor is 456 days. Regular citizens are entitled to receive 7.10% for this tenor.

As per the latest interest rates announced by this private sector bank on January 8, 2026, depositors are entitled to receive an interest rate that ranges from 4% to 7.5% based on the tenor.

Low interest rates are offered on short-term deposits, and high interest rates are offered on long-term deposits. For instance, when the tenor is 1 year, the bank offers 6.8% and 7.3% to regular and senior citizens, respectively.

(Source: https://www.tmb.bank.in)

When the tenor of deposit is between 1 year to 456 days, the interest rates remain the same -...