login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi

Download App

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

|

Can I get monthly interest on my fixed deposit?

mahindra-finance-author

by Mahindra Finance

|

December 7, 2023

|

1 mins read

Yes, you can get a monthly interest payout on the fixed deposit account. At Mahindra Finance, we offer all investors the most attractive fixed deposit interest rates in India. If you are a regular investor and choose to get a monthly interest payout, the current fixed deposit interest rate is 7.80%. And, if you are a senior citizen, the interest you receive is 0.35% more than the fd rate

If you choose a quarterly interest payout term, the interest rate for regular investors and senior citizens might differ. The fixed deposit interest rates in India are even higher with annual payout.

Disclaimer:

This blog is for general informational and educational purposes only and does not constitute financial, legal, or investment advice, recommendations, or solicitation. The prices, rates, and financial values mentioned are approximate and subject to change due to regional differences, market fluctuations, regulatory changes, and other factors. Please consult an authorized dealer or financial advisor for accurate and up-to-date details.

The content may include forward-looking statements or projections, which are speculative and subject to risks and uncertainties. Mahindra Finance is not obligated to update these statements to reflect future changes. Any opinions or third-party contributions presented are purely informational and may not reflect the views of Mahindra Finance.

While we strive for accuracy, Mahindra Finance does not guarantee the reliability or completeness of the information provided and disclaims all liability for errors, omissions, or reliance on this content. Readers are advised to verify all details independently and seek professional advice based on their specific needs.

This information applies to Indian regulations and may not be relevant to other jurisdictions. Mahindra Finance is not liable for any direct, indirect, or consequential decisions made based on this blog.

Related articles

Overdue Fixed Deposits & Its Impact On Interest Rates?

Introduction When it comes to investing, fixed deposits (FDs) have long been a popular choice among Indians. Their stability and predictable returns make them attractive to individuals looking for a s...

KNOW MORE

May 7, 2024

Emergency fund planning with Fixed Deposits

Quick Summary An emergency fund is extremely important since it acts as a safety net in any financial crisis or unexpected situations like medical emergencies, sudden loss of job or any unforeseen exp...

KNOW MORE

June 4, 2026

Fixed Deposits For Freelancers: Building Financial Stability In Gig Economy

In today’s gig economy, more and more people are choosing freelance work for its flexibility and freedom. However, one of the downsides is the lack of stable income and employee benefits like in...

KNOW MORE

March 4, 2024