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

mahindra-finance-author

by Mahindra Finance

|

February 29, 2024

|

1 mins read

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.

Related articles

AFinancial Wellness for Couples: Joint Fixed Deposits and Shared Investment Goals

When it comes to managing finances as a couple, finding the right strategy is crucial for a harmonious and secure future. One approach that offers numerous benefits is opening a joint FD account. In t...

KNOW MORE

March 4, 2024

How-Does-Taking-a-Personal-Loan-Affect-Your-Credit-Score

How Does Taking A Personal Loan Affect Your Credit Score?

Introduction Taking a personal loan can be a convenient way to finance various expenses, whether it’s for higher education, wedding expenses, or unexpected emergencies. However, many people beli...

KNOW MORE

June 17, 2024

Government Schemes For Women Entrepreneurs In India

Women entrepreneurs in India are breaking barriers and making significant strides in the business world. The progress made by women in various fields has led to increased support and encouragement for...

KNOW MORE

April 16, 2024