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Fixed Deposit Interest Rates

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 19th September 2023. Select a Scheme to View the Interest rate

Choose the scheme to see interest rate
Period (Months) Minimum Amount (Rs). Amount Payable(Rs.) Interest p.a.* (Yearly) Effective Yield p.a**
15 5000 5492 7.75% 7.86%
30 5000 6051 7.90% 8.41%
42 5000 6561 8.05% 8.92%
  • Senior Citizens will get an additional interest rate of 0.25% p.a for Samruddhi Deposits and 0.10% p.a. additional rate for Dhanvruddhi Deposits.
  • Employees/Employees’ relatives and Retired Employees/Retired Employees’ relatives will get an additional rate of 0.35% p.a for deposits upto Rs. 5 Crore (All Mahindra Group)
  • Government approved relationship proof documents to be furnished. Employee must be the second applicant. The additional rate of 0.35% is not applicable for Dhanvruddhi Deposits.
  • ‡ The additional rate of 0.25% and 0.35% is not applicable for Samruddhi deposits above Rs. 5 Crore.
  • † Additional amount will be accepted in multiples of Rs. 1,000/- and thereafter.
  • # The Non-Cumulative interest will be paid through NACH/NEFT. The date for interest payment will be, for Half yearly on 30th September and 31st March, for Quarterly on 30th June, 30th September,31st December and 31st March, for Yearly on 31st March and for Monthly on the last working day of the month.
  • $ If the deposit is made within a period of 1 month prior to any of the payout date, the interest of part period will be paid on the next interest payment date without any deferral interest for the broken period
  • ** Compounded Annually-In case of Cumulative Deposits, Interest is compounded before deduction of Tax.
  • $ Samruddhi – Cumulative and Non-Cumulative Deposits: Applications can be submitted physically or through online mode. Dhanvruddhi – Cumulative and Non-Cumulative Deposits: Applications to be submitted through online mode only.
  • ***Applicable only for 12 months Cumulative Upto Rs. 24.9999 Crores.

Ready to grow your savings and secure your future? Choose a Fixed Deposit with Mahindra Finance today!