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 minimum amount required to start an Fixed Deposit?

mahindra-finance-author

by Mahindra Finance

|

December 11, 2023

|

1 mins read

At Mahindra Finance, we offer Fixed Deposit for all salaried employees or self-employed individuals. You can start an Fixed Deposit with an amount as small as Rs. 5000. It is the minimum amount required. But it is better to invest a higher amount to suit your capacity; you can invest up to Rs. 25 crore.

The higher the amount you invest, the higher the maturity value. Apart from giving you the flexibility in choosing the investment amount, we also allow you to choose your own investment term. You can invest for 12 or 60 months, i.e., 5 years.

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

How To Get A Car Loan In India?

Today, buying a car is easy due to the ready availability of car loans. However, you might be wondering ‘how to get a car loan?’. A car loan facility disburses a certain amount of mo...

KNOW MORE

June 29, 2023

Tips To Reduce Your Car Loan EMI

Buying a car is an exciting milestone in life, but the burden of a high car loan EMI due to a high car loan interest rate can dampen the joy. The good news is that there are several ways you can reduc...

KNOW MORE

April 17, 2024