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

Shaping Your Dreams: Wooden Handicraft Machinery with Mahindra Finance

Turning raw wood into exquisite pieces of art requires more than just skilled hands. It demands the right tools, and that’s where wooden handicraft machinery comes in. From precise cuts to smoot...

KNOW MORE

February 14, 2024

What is a Fixed Deposit? What are the Different Types of Fixed Deposits?

A fixed deposit is one of the most traditional and popular investment plans in India. Many people invest a sizeable portion of their income in a fixed deposit or FD plan. If you are just starting your...

KNOW MORE

February 5, 2024

What Is The Effective Yield In Fixed Deposits?

If you’re considering investing in a fixed deposit (FD), you’ve probably come across terms like “effective yield” and “annualised yield.” While the interest rate mentioned by banks...

KNOW MORE

March 1, 2024