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 minimum deposit amount allowed for opening an Fixed Deposit?

mahindra-finance-author

by Mahindra Finance

|

December 7, 2023

|

1 mins read

As per Fixed Deposit interest rates in India, it is one of the safest investment options that is suitable for all as it offers guaranteed returns. You can open an Fixed Deposit account with as little as Rs. 5000 with Mahindra Finance. But, if you have a higher disposable income, you can invest more as per your needs and financial goals. With Mahindra Finance, the maximum limit is Rs. 5 crores.

The best thing about investing with Mahindra Finance is that you get a high fixed deposit interest rate in India up to 7%. You also have the flexibility to choose the interest payout term; you can choose to get the interest credited monthly, quarterly, half-yearly or annually.

Related articles

How-To-Use-Personal-Loans-For-Fitness

How To Use Personal Loans For Fitness And Wellness Goals

Introduction Investing in your health and wellness is crucial for a fulfilling life. However, the cost of gym memberships, fitness equipment, and wellness programs can be a barrier for many. Personal ...

KNOW MORE

September 12, 2024

FAQs Related to Pre-Owned Cars

As the name suggests, a used or pre-owned car loan is a facility offered to people who are looking to buy a used or pre-owned car. Such cars generally come with lower registration fees and insurance c...

KNOW MORE

June 29, 2023

Fixed Deposit For Wedding Planning: Securing Financial Stability

Introduction: Planning a wedding is a joyous time filled with excitement and anticipation. From selecting the perfect venue to designing the ideal menu, every detail requires attention and careful con...

KNOW MORE

April 26, 2024