Fixed Deposit

Mahindra Finance understands your requirements of a steady investment and offers fixed deposits with competitive rates of interest.

Mahindra Finance Mutual Funds

We analyse your financial needs based on your earning capacity and current investment pattern and offer Mutual Fund investment.

Learn More

Apply for Fixed Deposit
Features and Benefits
  • The MMFSL Fixed Deposit is given the Crisil rating 'FAAA' which indicates a high level of safety
  • Cumulative as well as non-cumulative options available
  • 0.25% additional rate for senior citizens/employees
Eligibility and Documentation

A valid identity and address proof

Rate of interest - Rates w.e.f 16th Jan, 2017
Samruddhi Non cumulative Deposits
Period
(Months)
Interest p.a./‡
(Half Yearly)
Interest p.a./‡
(Quarterly)
12 7.35% 7.30%
24 7.35% 7.30%
36 7.40% 7.35%
48 7.40% 7.35%
60 7.40% 7.35%
Minimum Amount (RS) 25,000/- 50,000/-
Rates w.e.f 16th January 2017.Senior Citizen additional 0.25% interest rate
Employee/Employee's relatives additional 0.35% rate(All Mahindra group company employees)
 
*/‡ # Please refer to FD Applications
Samruddhi Deposit Applications are avaialable at all MMFSL Branches & with Authorised Agents
Samruddhi Cumulative Deposits
Minimum Amount Rs. 5,000/-
Period Amount Interest
*/‡ p.a.
Effective Yield p.a.**
(Months) Payable(Rs.) p.a.* Yield p. a.*
12 5375 7.50% 7.50%
18 5577 7.50% 7.69%
24 5778 7.50% 7.78%
36 6220 7.55% 8.13%
48 6690 7.55% 8.45%
60 7195 7.55% 8.78%
Rates w.e.f 16th January 2017.Senior Citizen additional 0.25% interest rate
Employee/Employee's relatives additional 0.35% rate(All Mahindra group company employees)


Dhanvruddhi Cumulative Scheme - Only for online investors through MMFSL website
Rates w.e.f 20th June 2017
Minimum Amount Rs. 5,000/-
Period Amount Interest
*/‡ p.a.
Effective Yield p.a.**
(Months) Payable(Rs.) p.a.* Yield p. a.*
15 5492 7.75% 7.86%
20 5666 7.75% 7.99%
27 5917 7.75% 8.15%
33 6150 7.80% 8.37%
40 6427 7.80% 8.56%
Senior Citizen will get an additional rate of .10% interest rate


†Additional amount will be accepted in multiples of Rs. 1,000/-

#Interest Payment Half Yearly on 30th. September and 31st. March only through NECS/NEFT. Interest Payment Quarterly on 30th.June, 30th.September, 31st.December and 31st.March only through NECS/NEFT.

The minimum investment amount for Mahindra Group employees /relatives will be Rs.1000 & multiple Rs.500 thereafter.

**Compounded Annually