Yes, you can get a monthly interest payout on the fixed deposit account. At Mahindra Finance, we offer all investors the most attractive fixed deposit interest rates in India. If you are a regular investor and choose to get a monthly interest payout, the current fixed deposit interest rate is 7%. And, if you are a senior citizen, the interest you receive is 0.25% more than the fd rate
If you choose a quarterly interest payout term, the interest rate for regular investors and senior citizens might differ. The fixed deposit interest rates in India are even higher with annual payout.
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