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
|

What is the interest rate for senior citizen Fixed Deposit?

mahindra-finance-author

by Mahindra Finance

|

December 7, 2023

|

1 mins read

At Mahindra Finance, we offer a higher interest rate to senior citizen investors.

The fixed deposit interest rates for Senior citizens is higher by 0.25%. The interest rate you get depends on the interest payout term you choose. You can get the highest interest on your Fixed Deposit investment if you choose an annual interest payout.

Higher fixed deposit interest rate means the maturity value of your investment at the end of the investment term will be higher.

Related articles

Top-6-Ways-To-Boost-Your-MSME-Loan-Eligibility

Top 6 Ways To Boost Your MSME Loan Eligibility

Introduction Securing an MSME loan is a significant step for small and medium-sized enterprises looking to scale or sustain their operations. By enhancing your SME loan eligibility, you can unlock mor...

KNOW MORE

July 1, 2024

All You Need to Know About Joint Fixed Deposits

Joint fixed deposits (FDs) are a popular investment option in India, offering individuals the opportunity to pool their funds and earn stable returns. Whether you’re looking to invest with a fam...

KNOW MORE

February 29, 2024

Business loans for women – All you need to know

Women entrepreneurs are transforming the business industry by bringing in fresh ideas, determination, and unique perspectives. Breaking through traditional barriers, they’re making their mark in...

KNOW MORE

February 7, 2024