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by Mahindra Finance
February 29, 2024
|1 mins read
No, there is no official minimum or maximum cap on the interest rate for a fixed deposit of Rs. 1 Lakh. The interest rates vary from one NBFC or bank to another, and they are subject to change from time to time. But you must know that the interest rates offered on investments with a longer duration are generally higher than for short-term FDs.
At Mahindra Finance, we offer the best interest rate on FDs in the market, starting from 7.80% per annum.
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.
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