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Who is eligible to invest in a fixed deposit?

mahindra-finance-author

by Mahindra Finance

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December 13, 2023

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1 mins read

Anyone can invest in a fixed deposit scheme. At Mahindra Finance, we allow the following entities to open a fixed deposit account:

  • Resident Indian citizens
  • Non Resident Indians (NRIs)
  • Companies
  • Partnership Firms
  • Trusts and Foundations
  • Charitable Trust
  • Hindu Undivided Family (HUF)
  • Family Trust
  • Sole Proprietorship
  • Club, Association, Society

Even a minor aged below 10 years can open an FD account under the guidance of their legal guardian.

A fixed deposit is an excellent investment avenue for all as it offers guaranteed returns at competitive FD interest rate, meaning your investment will grow irrespective of the market condition. So, open a fixed deposit account now.

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