How to Open Tamilnad Mercantile Bank Fixed Deposit Account

Fixed Deposits (FDs) have been a long-standing pillar of stable and risk-averse investments for individuals worldwide. SBM Bank, known for its reputation and customer-oriented approach, offers a range of competitive FD schemes tailored to suit varied financial goals.

When you think about solidifying your savings with an FD at SBM Bank, you're essentially banking on a promise of assured returns and impeccable service. This blog will navigate you through the comprehensive steps, elucidating how you can seamlessly open an FD account with SBM Bank, thereby inching closer to your financial aspirations.

Here are the steps to open a fixed deposit with Tamilnad Mercantile Bank:

Step 1: Visit the Tamilnad Mercantile Bank’s official website.  
Step 2: Select "Deposits"; choose your preferred scheme from the drop-down menu. 
Step 3: As the new screen loads, scroll down and click on “Apply Online”. 
Step 4: Enter your account number, transaction amount and the captcha.
Step 5: Click ‘Proceed’ and wait for the new screen to load.   
Step 6: Enter the FD amount, scheme tenure and all the other necessary information. 
Step 7: Complete the transfer of funds to your FD.

Apart from the bank website, you can also open an FD from your smartphone via the Tamilnad Mercantile Bank MBank app:

Step 1: Open the app and enter your login credentials. 
Step 2: Navigate to the ‘’Fixed Deposits” tab and choose your preferred term deposit scheme. 
Step 3: When the account opening form loads, enter the details like FD amount, tenure, interest payout preference, etc. 
Step 4: Recheck all the details and click “Submit”.

The bank will deduct the FD amount from your savings account, and your term deposit will start. You will receive a notification on your registered number and e-mail ID.

You can also use the Tamilnad Mercantile Bank econnect NetBanking portal for opening a fixed deposit account.

These are the eligibility criteria for opening a term deposit at Tamilnad Mercantile Bank:

• Nationality: Indian
• Age: Above 18 years
• Applicant Type: Individuals, Hindu Undivided Families (HUFs), sole proprietorships, trusts, limited companies, etc.

The documents required for opening a term deposit at Tamilnad Mercantile Bank are:

• Identity proof: PAN card, Aadhaar card, Voter ID card or driving licence 
• Address proof: Aadhaar card, Passport, Voter ID card, telephone bill or electricity bill 
• Recent passport-sized photograph