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Are there any special rates applicable for specific category of applicants?

mahindra-finance-author

by Mahindra Finance

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June 22, 2023

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1 mins read

Yes, the below given specific categories of applicants will be eligible for additional rate of interest benefit.

1. Senior Citizen ( i.e persons more than 60 years of age ,subject to submission of proof of age) will get additional interest rate benefits upto 0.25% p.a. on Samruddhi deposits & 0.25% on Dhanvruddhi Deposits for investments upto Rs.50 Lakhs.

2. Employees / Employees’ relatives and Retired Employees / Employees’ relatives will get additional rate of 0.35% p.a. for Samruddhi deposits upto Rs. 50 lakhs. (All Mahindra Group Company Employees). Government approved proof documents to be furnished & Employee must be the second applicant).

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