login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
|

What are the schemes offered by MMFSL Fixed Deposit for senior citizen?

mahindra-finance-author

by Mahindra Finance

|

December 20, 2023

|

1 mins read

Senior citizens receive up to 8.30% interest rate. The company offers 2 schemes – Samruddhi & Dhanvruddhi. Senior Citizens FD rates will get an additional 0.25% p.a for Samruddhi Deposits and 0.10% p.a. additional rate for Dhanvruddhi Deposits up to 5 Cr only. For Fixed Deposit to get interest periodically (Monthly, Quarterly, Half yearly & Yearly) by opting for non-cumulative scheme or at maturity with Cumulative deposits.

Related articles

Myths Busted: Fixed Deposits

Time deposits are risk-free investments that also offer the opportunity to earn good returns. Therefore, such deposits have been widely used by Indians since decades to earn a regular income and build...

KNOW MORE

June 29, 2023

What Is A Fixed Deposit And How Does It Work?

When people talk about investments, the first option that comes to mind is fixed deposits. But, what is a fixed deposit? If you are wondering what is an FD account all about, this article will help yo...

KNOW MORE

March 5, 2024

What Is The Monthly Interest On A 6 Lakh Fixed Deposit?

Are you thinking of investing in a fixed deposit to secure your savings and earn regular income? A fixed deposit (FD) is a popular investment option that provides stability, security, and consistent r...

KNOW MORE

May 23, 2024