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

All You Need To Know About Fixed Deposit Nominee

Imagine this scenario: You diligently save your hard-earned money in a fixed deposit (FD) for years, ensuring financial security for your loved ones. But what happens if something unexpected occurs? W...

KNOW MORE

February 29, 2024

Things to Consider While Availing a Commercial Vehicle Loan

A commercial vehicle loan is available to any individual or organization, which is planning to buy a commercial vehicle. These loans are often costlier compared to personal vehicles; hence, ...

KNOW MORE

June 29, 2023

Tractor Financing Rates – How Much Do Tractor Loans Cost?

A tractor is a necessity to start and run an agricultural business. Though the markets are full of feature-packed and technologically advanced tractors, getting your hands on the tractor of your choic...

KNOW MORE

June 29, 2023