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 are the schemes offered by MMFSL Fixed Deposit for senior citizen?

mahindra-finance-author

by Mahindra Finance

|

December 20, 2023

|

1 mins read

Senior citizens receive up to 7.70% interest rate. The company offers 2 schemes – Samruddhi & Dhanvruddhi. Senior Citizens FD rates will get an additional 0.25% p.a for Samruddhi Deposits and 0.10% p.a. additional rate for Dhanvruddhi Deposits up to 5 Cr only. For Fixed Deposit to get interest periodically (Monthly, Quarterly, Half yearly & Yearly) by opting for non-cumulative scheme or at maturity with Cumulative deposits.

Related articles

How-to-declare-home-loan-in-income-tax

How To Declare A Home Loan In Income Tax?

Owning a house is a dream come true for many people in India. It provides security, stability, and a sense of accomplishment. Buying a house often requires taking a home loan. However, there are also ...

KNOW MORE

July 10, 2024

Used Car Market Trends

Since the start of the 20th century, the Indian used car market has seen tremendous growth. Currently, one pre-owned car is sold for every sale of a new vehicle. The market size is expected to witness...

KNOW MORE

June 29, 2023

Mastering Financial Planning: A Guide To Using FD Calculators Effectively

Why use an FD interest rate calculator? Financial planning helps to secure our future and achieve our financial goals. One popular investment tool that can help us in this endeavour is a Fixed Deposit...

KNOW MORE

March 4, 2024