Fixed Deposit

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

Features and Benefit

  • 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
  • 0.35% additional rate for all Mahindra Group employees

Eligibility and Documentation

  • A valid identity and address proof

Rate of Interest

  • Rates w.e.f 11th June 2018

    Dhanvruddhi Cumulative/Non-Cumulative Scheme - Only for online investors through MMFSL website

    Dhanvruddhi Cumulative Scheme*
    Minimum
    Amount (Rs).
    Tenure Amount
    Payable(Rs.)
    Interest
    p.a**
    Effective
    Yield p.a*
    Rs.5,000† 15 5505 7.95% 8.07%
    20 5688 8.00% 8.26%
    27 6011 8.50% 8.99%
    33 6301 8.75% 9.46%
    40 6619 8.75% 9.71%

     

     

    **Additional Rates :Senior Citizen 0.10% .

    Dhanvruddhi Non-Cumulative Scheme*
    Period
    (Months)
    Interest p.a.*,**
    (Yearly)
    Interest
    p.a.*,**
    (Monthly)
    15 7.95% 7.45%
    20 8.00% 7.95%
    27 8.50% 8.00%
    33 8.75% 8.25%
    40 8.75% 8.25%
    Min.Amount 50000† 150000†

     

    *Senior Citizen will get an additonal rate of 0.10% per annum.

     

    Samruddhi Cumulative/Non Cumulative Schemes -Only through Physical applications

    Samruddhi Cumulative Schemes
    Minimum Period Amount Interest Effective
    Amount (Months) Payable (Rs.) p.a.*/‡ Yield p.a.**
    Rs.5,000† 12 5385 7.70% 7.70%
    18 5597 7.75% 7.95%
    24 5859 8.25% 8.59%
    36 6386 8.50% 9.24%
    48 6929 8.50% 9.65%
    60 7518 8.50% 10.07%

     

     

    Samruddhi Non-Cumulative Schemes
    Period
    (Months)
    Interest
    p.a.*#/‡
    (Half yearly)
    Interest
    p.a.*#/‡
    (Quarterly)
    12 7.55% 7.5%
    18 NA NA
    24 8.10% 8.05%
    36 8.35% 8.30%
    48 8.35% 8.30%
    60 8.35% 8.30%
    Min.Amount 25000† 50000†


Senior Citizen additional 0.25% interest rate

Employee/Employee's relatives will get an additional 0.35% rate per annum (All Mahindra group company employees)
Samruddhi Deposit Applications are available at MMFSL Branches & with Authorised Agents

*/‡ # Please refer to FD Applications



Note:

  • †Additional amount will be accepted in multiples of Rs. 1,000/-
  • #Interest Payment Half Yearly on 30th. September and 31st. March only through NACH/NEFT. Interest Payment Quarterly on 30th.June, 30th.September, 31st.December and 31st.March only through NACH/NEFT.Interest payment Yearly on 31st March only through NACH/NEFT.Interest payment Monthly on the last working day of every month only through NACH/NEFT.
  • If a Deposit is made within a period of 30 days prior to any interest payment date, the interest for the part period will be paid on the next interest payment date .
  • The minimum investment amount for Mahindra Group employees /relatives will be Rs.1000 & multiple Rs.500 thereafter .
  • **Compounded Annually-In case of cumulative deposit, interest is compounded before deduction of Tax