Frequently Asked Questions - Fixed Deposits

With Submission of clear copy of ID proof (PAN card) & personalized cheque leaf or bank passbook copy along with the FDR no. to help us process the unclaimed payments.

MMFSL has changed the FD rates. Will those new rates be applicable for my existing deposits?

No. Since the money is locked in with us for a specific rate and specific period, you will continue to receive that rate till maturity. If you wish to avail the new rate, we suggest you invest in a new deposit with us.

Depositors may also renew their respective maturing FD’s through online mode by visiting MMFSL FD customer portal https://fixeddeposit.mahindrafinance.com/WA_FD_EP_LOGIN_5/ ,10 days prior to maturity .

OR

With submission of scan copy of the Fixed Deposit receipt (FDR) (front & back) by selecting /marking appropriate choices with proper signature to renew the FD’s and also confirm the below details:

1. Scheme and tenure

2. Principal Amount or Principal with interest to be renewed

3. Broker code (If applicable)

P.N: The previous broker code shall be captured by default & brokerage shall be payable for such cases .In case of any change in the broke code ,you are requested to update us with the notification for us to make the required changes.

Yes, additional 0.10% for renewal for public and Senior citizen only.

An existing depositor can renew their deposit for either the Principal amount (interest accrued will be repaid) or alternatively the principal amount plus interest.

Yes, on receipt and verification of the Power of Attorney by the Company as to its validity in this context.

Yes. A deposit can be placed in the name of a Minor provided He / She is represented by His / Her Natural or Legal Guardian.

The Deposits Application Form must be signed by the Natural/ Legal Guardian on behalf of the Minor.

All communication in relation to the deposit shall be addressed to the Guardian.