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 rate for senior citizen Fixed Deposit?

mahindra-finance-author

by Mahindra Finance

|

December 7, 2023

|

1 mins read

At Mahindra Finance, we offer a higher interest rate to senior citizen investors.

The fixed deposit interest rates for Senior citizens is higher by 0.25%. The interest rate you get depends on the interest payout term you choose. You can get the highest interest on your Fixed Deposit investment if you choose an annual interest payout.

Higher fixed deposit interest rate means the maturity value of your investment at the end of the investment term will be higher.

Related articles

Why Choose Fixed Deposits?

Fixed or time deposits are one of the most popular and oldest investment options. Compared to a regular savings or current bank account, the rate of interest on such deposits is higher. Time deposits ...

KNOW MORE

June 29, 2023

How To Pick The Right Financing Term For A Business Loan

Starting or expanding a business requires financial support, and securing a business loan is often the best option. However, choosing the ideal business loan term can be challenging for small business...

KNOW MORE

April 10, 2024

How To Consolidate Debts With A Single Personal Loan?

Are you struggling to keep track of multiple loan EMIs? If so, it’s time to consider consolidating your debts with a single personal loan.  This blog post will guide you through consolidati...

KNOW MORE

May 23, 2024