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
|

Is there a different fixed deposit interest rate calculator for senior citizens and tax-saving FD schemes?

mahindra-finance-author

by Mahindra Finance

|

December 11, 2023

|

1 mins read

No matter if you are a senior citizen and want to invest in FD, you must be aware that there is no different FD rate calculator. The tool is easy to use and can be used by anyone.

To know the interest earned and the maturity value, you just have to enter a few details the interest rate, the investment tenure, and investment amount. As soon you enter the details, you can see the results within a couple of minutes.

Also, in terms of a different tax-saving FD scheme, there is no such scheme at Mahindra Finance. But we do offer a higher interest rate for senior citizens fd.

Related articles

Understanding-Home-Loan-Processing-Fees

Understanding Home Loan Processing Fees

Owning a home is a dream for many, but the financial aspects can be overwhelming. One crucial aspect to understand is home loan processing fees. These charges cover administrative costs related to eva...

KNOW MORE

August 14, 2024

All You Need to Know About Joint Fixed Deposits

Joint fixed deposits (FDs) are a popular investment option in India, offering individuals the opportunity to pool their funds and earn stable returns. Whether you’re looking to invest with a fam...

KNOW MORE

February 29, 2024

Myths Busted: Fixed Deposits

Time deposits are risk-free investments that also offer the opportunity to earn good returns. Therefore, such deposits have been widely used by Indians since decades to earn a regular income and build...

KNOW MORE

June 29, 2023