• English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi

Who is eligible to invest in a fixed deposit?


by Mahindra Finance


December 13, 2023


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.

Related articles

9 Things To Keep In Mind When Applying For A Used Car Loan

Looking to buy a used car? But before you apply for a used car loan online, it’s essential to understand the process and consider various factors to ensure you make an informed decision. From un...


April 18, 2024

Important Factors That Affect Your Car Loan Interest Rates

Introduction Looking to buy your dream car? Whether it’s a sleek new model or a reliable used vehicle, understanding the factors that affect your car loan interest rates is crucial. The interest...


April 17, 2024

personal loan for students

How To Get Personal Loan For Students In India?

Quality education comes at a cost. There is a rising need for skilled people and a good formal or vocational education can give a great start to your career. While most may worry about the associated ...


February 22, 2024