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 deposit amount allowed for opening an Fixed Deposit?

mahindra-finance-author

by Mahindra Finance

|

December 7, 2023

|

1 mins read

As per Fixed Deposit interest rates in India, it is one of the safest investment options that is suitable for all as it offers guaranteed returns. You can open an Fixed Deposit account with as little as Rs. 5000 with Mahindra Finance. But, if you have a higher disposable income, you can invest more as per your needs and financial goals. With Mahindra Finance, the maximum limit is Rs. 5 crores.

The best thing about investing with Mahindra Finance is that you get a high fixed deposit interest rate in India up to 7%. You also have the flexibility to choose the interest payout term; you can choose to get the interest credited monthly, quarterly, half-yearly or annually.

Related articles

Why You Should Purchase A Used Vehicle Instead Of New

Owning a car, whether for personal or commercial use, is a practical necessity today. But buyers-to-be often wonder: should I buy a new or used car? Won’t a second-hand car be good enough? The s...

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

How-to-Build-Credit-from-Scratch-A-Beginners-Guide

How To Improve Credit Score: A Beginner’s Guide

Introduction In today’s world, having a good credit score is crucial for financial stability. Whether you want to apply for a loan or get a credit card, a strong credit history is your ticket to...

KNOW MORE

July 10, 2024