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

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

Types of Business Loans in India

Every size and type of business requires funds to operate. Whether the founders pool money or they raise funds from financial institutions, no business can sustain without adequate capital. The capita...

KNOW MORE

June 29, 2023

What Is A Fixed Deposit (FD)? Definition, Full Form & Types

A fixed deposit (FD) is a type of savings account offered by NBFCs and financial institutions where you invest a lump sum of money for a fixed period of time, typically ranging from a few months to se...

KNOW MORE

February 5, 2024

What are the Different Caps in Mutual Funds?

Have you heard terms like small cap equity funds, mid-cap equity funds and large-cap equity funds? Are you wondering what all of this is about? Don’t worry, we’ll help you understand this. What ar...

KNOW MORE

June 30, 2023