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

Download App

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

phone
|

Cancellation policy

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

1. The fund for investment should be received from the first holder account/joint account.

2. In case the funds are received from a third party, upon identifying the source of funds the refund will be processed in the same bank account on or before 7 working days without interest.

3. If the KYC documents are incomplete, the forms will be rejected, and the amount will be returned within 30 days without interest

4. Company reserves the rights:

i) To waive or vary the terms & conditions.

ii) To reject any application for a fresh Deposit or for renewal without assigning any reason

iii) To repay the deposit prematurely before the due date.
Acceptance, renewal, and repayment of fixed deposit shall be subject to the Non–Banking Financial Companies Acceptance of Public Deposit (Reserve Bank) Direction, 1998, as mentioned from time to time.

Related articles

How Does FD Linking On Savings Account Work?

Introduction Are you looking for a smart way to make your money work harder? Linking your fixed deposit (FD) to your savings account might be the solution you need. This unique offering not only helps...

KNOW MORE

May 23, 2024

How To Maximise Your Savings This Durga Puja With Mahindra Finance’s Fixed Deposits

Durga Puja is not only a time for celebration but also an ideal opportunity to give your savings a boost. With the right investment strategy, you can maximise your returns and secure your financial fu...

KNOW MORE

October 10, 2024

Good-debt-vs-bad-debt-What-the-difference

Good Debt Vs Bad Debt: What’s The Difference?

Introduction Debt is a part of many people’s lives, whether it’s taking out a loan for higher education, buying a home, or starting a business. But not all debts are created equal. Some de...

KNOW MORE

July 5, 2024