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Is there a minimum and maximum cap on interest rates for a fixed deposit of Rs. 1 Lakh?

mahindra-finance-author

by Mahindra Finance

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February 29, 2024

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1 mins read

No, there is no official minimum or maximum cap on the interest rate for a fixed deposit of Rs. 1 Lakh. The interest rates vary from one NBFC or bank to another, and they are subject to change from time to time. 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.

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