Reinvestment Deposit Account

Objective Cumulative Deposit Scheme where interest will be re-invested and compounded quarterly. The principal amount and cumulative interest is payable on maturity date. No interest payments in between.
Tenor for the Deposit
  • Min. 6 Months to Max. 120 Months
  • Existing and New Customers of Tamil Nadu Grama Bank
Interest Rate
  • Subject to change by the Bank from time to time. Please refer our Interest Rate Label / visit our nearest branch
Amount of Deposit
  • Minimum ₹100/- or in Multiple of ₹100.
Salient Features
  • Nomination facility available
  • Can be transferred from one branch to another branch of the bank with request from customer at his convenience.
  • Pre-Closures allowed and Upto 15Lakhs there is no Pre Closure Charges.
  • Customers can avail Loan facility against their deposit for the Deposit tenor with minimum interest rate as advised in Loans and Advances.
Automatic Renewal
  • Facility of Automatic Renewal or Renewal on Request at Maturity on the same deposit receipt, with or without interest, may also be provided to the depositors.
TDS (Tax Deducted at Source)
  • Interest on these term deposits shall be liable to tax under the Income Tax Act, The tax on such interest shall be deducted in accordance with the provisions of section 194A or section 195 of the Act.
Documents Requirement to open a New Account
  • Please visit your nearest branch with required KYC documents (Officially Valid Documents for Identity and Address Proof)