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CRISIL Ratings “CRISIL AAA/Stable” | India Ratings “IND AAA/Stable”| Up to 0.25% Additional Interest rate for Senior Citizens
Secure your future with India’s most popular investment product – Fixed Deposits. With highest-safety, high-interest rates, flexible interest pay-outs, and varied tenures, you can plan with confidence and book your Fixed Deposit today. Say goodbye to financial worries and hello to a brighter tomorrow with Mahindra Finance FDs! Fixed Deposit rates w.e.f 25th April 2024. Select a Scheme to View the Interest rate
| Period (Months) | Minimum Amount (Rs). | Amount Payable (Rs.) | Interest p.a. *$ (Yearly) |
|---|---|---|---|
| 15 | 5000 | 5492 | 7.75% |
| 30 | 5000 | 6051 | 7.90% |
| 42 | 5000 | 6561 | 8.05% |
Fixed Deposits have been one of India’s most preferred investment instruments across generations, and for a good reason. Firstly, it offers guaranteed returns and carries zero risk. You can invest in an fixed deposit with Mahindra Finance with an amount as low as Rs. 5000 and can invest up to Rs. 25 crores to suit your needs. Also, you can choose the investment period, from 12 to 60 months.
When you invest in a fixed deposit account, your savings grow gradually through regular interest payout, which gets compounded through the investment term. At Mahindra Finance, we offer high attractive fixed deposit interest rates up to 8.10% so that you get valuable returns. We also offer higher returns for senior citizens, i.e., individuals aged more than 60 years.
Apart from the high interest on fixed deposits, the additional features like the flexibility to choose your tenure and investment amount make the Mahindra Finance fixed deposit a valuable asset to have in your portfolio. Not to mention, it is a safe and secure investment option that is suitable for all. The prevailing market conditions have no effect on the returns you get, enabling you to take confident steps towards achieving your financial goals.
Check the fixed deposit application process and required fixed deposit documents to start with your Fixed deposit investment.
Thus, it is clear that if you keep the investment amount and the investment tenure constant, the fixed deposit interest rate is still different for senior citizens and regular investors based on the interest payout term you choose.
So, to get the maximum interest and returns on your investment, it is better to choose a yearly interest payout. A higher interest rate means higher returns; naturally, you will get a better maturity value.
You can use our fixed deposit interest rate calculator to know the exact interest you will get for your investment and the chosen period. Our FD calculator is easy to use, and it provides accurate results, enabling you to plan your finances better.
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