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 interest on Rs. 5 Lakh FD for 1 year?

mahindra-finance-author

by Mahindra Finance

|

February 29, 2024

|

1 mins read

The interest rate you get on Rs. 5 Lakh FD for 1 year may vary based on the interest rate set by the bank or NBFC where you open the fixed deposit account. At Mahindra Finance, we offer the best interest rate on FDs for all, starting from 7.20% per annum. If you are a senior citizen, you get a 0.25% higher interest rate.

Related articles

How To Get A Personal Loan In Easy Steps

If you’re in need of funds for various expenses like medical bills, wedding costs, or home renovations, a personal loan can be a great solution. But how do you go about getting one? In this step...

KNOW MORE

April 11, 2024

Tips-to-reduce-the-principal-amount-of-your-home-loan

Tips To Reduce The Principal Amount Of Your Home Loan

Owning a home is a dream for many of us. However, repaying a home loan can be a long and daunting process. It’s essential to reduce the home loan principal amount as much as possible to save on ...

KNOW MORE

June 28, 2024

Benefits-of-Cumulative-Fixed-Deposits-for-Long-Term-Savings

Benefits Of Cumulative Fixed Deposit For Long-Term Savings

Introduction Saving money is an essential part of financial planning, and there are various avenues available to grow your savings. One such option is a cumulative fixed deposit (FD), which offers uni...

KNOW MORE

July 10, 2024