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

How-To-Check-Your-Home-Loan-Status-Online

How To Check Your Home Loan Status Online?

Everyone dreams of owning a home, and with the availability of home loans, this dream is within reach for many. However, it’s crucial to stay informed about your home loan status to make sound f...

KNOW MORE

August 14, 2024

What Is A Commercial Vehicle? Types of Commercial Vehicle

As the name suggests, a commercial vehicle is used specifically for commercial purposes, of which transporting goods from one point to another is the prime priority. As we know, lakhs of businesses &#...

KNOW MORE

June 29, 2023

Factors To Consider Before Choosing Used Car Loan Tenure

Introduction Are you planning to buy a used car? Due to their convenience and affordability, used cars have become increasingly popular choices in India. However, buying a car, whether new or used, of...

KNOW MORE

July 4, 2024