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

Step by step guide on how to calculate home loan EMI

Dreams of owning a home are universal, whether you’re currently without one or looking to upgrade. However, the challenges and uncertainties can be overwhelming, especially if you’re a fir...

KNOW MORE

February 9, 2024

What is Floating Rate Fixed Deposit?

Are you looking for a safe and reliable investment option that offers flexibility and the potential for higher returns? If so, a floating rate fixed deposit might be the right choice for you. In this ...

KNOW MORE

March 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