Is there a minimum and maximum cap of interest rate for a fixed deposit of Rs. 10 Lakh?

No, there is no official minimum or maximum cap on the interest rate for a fixed deposit of Rs. 10 Lakh. 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 7.20% per annum.