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 24th October 2018.

    Dhanvruddhi Cumulative/Non-Cumulative Scheme - Fixed Deposit Interest Rates Only for online investors through Mahindra Finance website

    Dhanvruddhi Cumulative Scheme*
    Minimum
    Amount (Rs).
    Tenure Amount
    Payable(Rs.)
    Interest
    p.a**
    Effective
    Yield p.a*
    Rs.5,000† 15 5527 8.30% 8.43%
    20 5720 8.35% 8.63%
    27 6024 8.60% 9.10%
    33 6342 9.00% 9.76%
    40 6669 9.00% 10.01%

    **Additional FD Interest Rates :Senior Citizen 0.10%.

     

    Dhanvruddhi Non-Cumulative Scheme*
    Period
    (Months)
    Interest p.a.*,**
    (Yearly)
    Interest
    p.a.*,**
    (Monthly)
    15 8.30% 7.75%
    20 8.35% 8.00%
    27 8.60% 8.10%
    33 9.00% 8.50%
    40 9.00% 8.50%
    Min.Amount 50000† 50000†

    **Additional FD Interest Rates :Senior Citizen 0.10%

     

    Samruddhi Cumulative/Non Cumulative Schemes - Fixed Deposit Interest Rates 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 5405 8.10% 8.10%
    18 5624 8.10% 8.32%
    24 5886 8.50% 8.86%
    36 6440 8.80% 9.60%
    48 7006 8.80% 10.03%
    60 7623 8.80% 10.49%

     

    Samruddhi Non-Cumulative Schemes
    Period
    (Months)
    Interest
    p.a.*#/‡
    (Half yearly)
    Interest
    p.a.*#/‡
    (Quarterly)
    12 7.95% 7.90%
    18 7.95% 7.90%
    24 8.35% 8.30%
    36 8.65% 8.60%
    48 8.65% 8.60%
    60 8.65% 8.60%
    Min.Amount 25000† 50000†

    Senior Citizen additional 0.25% fixed deposit interest rate

    Employee/Employee's relatives will get an additional 0.35% FD interest rate per annum(All Mahindra group company employees) 

    Dhan Samruddhi Cumulative/Non Cumulative Schemes - Fixed Deposit Interest Rates Only through Online Channel partner mode

    Dhan Samruddhi Cumulative Scheme
    Minimum Period Amount Interest Effective
    Amount (Months) Payable (Rs.) p.a.*/‡ Yield p.a.**
    Rs.10,000† 38 13087 8.85% 9.75%
    44 13658 8.85% 9.98%

     

    Dhan Samruddhi Non Cumulative Scheme
    Period
    (Months)
    Interest
    p.a.*#/‡
    (Half yearly)
    Interest
    p.a.*#/‡
     (Quarterly)
    38 8.70% 8.65%
    44 8.70% 8.65%

     

    Senior Citizen additional 0.25% fixed deposit interest rate

    Samruddhi Deposit Applications are available at Mahindra Finance Branches & with Authorised Agents

    */‡ # Please refer to FD Applications

    *Maximum permitted investment by Institutions under Dhanvruddhi Schemes, not more than 99 lakh

    The Interest rate for Public Deposits above Rs.5 Crores may very and shall be decided by the Company,at its sole and absolute discretion, on case to case basis.

    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