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
|

Is there a different fixed deposit interest rate calculator for senior citizens and tax-saving FD schemes?

mahindra-finance-author

by Mahindra Finance

|

December 11, 2023

|

1 mins read

No matter if you are a senior citizen and want to invest in FD, you must be aware that there is no different FD rate calculator. The tool is easy to use and can be used by anyone.

To know the interest earned and the maturity value, you just have to enter a few details the interest rate, the investment tenure, and investment amount. As soon you enter the details, you can see the results within a couple of minutes.

Also, in terms of a different tax-saving FD scheme, there is no such scheme at Mahindra Finance. But we do offer a higher interest rate for senior citizens fd.

Related articles

What-Is-The-Monthly-Interest-On-Rs-30-Lakh-Fixed-Deposit

What Is The Monthly Interest On Rs 30 Lakh Fixed Deposit?

Are you considering investing in a fixed deposit (FD) of Rs 30 lakh and wondering how much interest you can earn on this investment monthly?  Fixed deposits are a popular choice for secure and st...

KNOW MORE

August 26, 2024

5 Reasons to Invest in Fixed Deposits

The best way to build your wealth is to invest wisely. As a part of this financial exercise, you can keep some portion of your savings in Fixed Deposits (FDs). These secure investment instruments offe...

KNOW MORE

June 29, 2023

Factors That Influence Business Loan Interest Rates

One of the most important factors when applying for a business loan is the interest rate. The interest rate determines the cost of borrowing and can significantly impact your ability to repay the loan...

KNOW MORE

May 13, 2024