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
|

Do senior citizens get any extra benefit on fixed deposit?

mahindra-finance-author

by Mahindra Finance

|

December 15, 2023

|

1 mins read

Yes, senior citizens get an additional benefit on fixed deposits in terms of higher interest rate than the interest offered to regular investors. At Mahindra Finance, we offer up to 0.25% more interest rate on Fixed Deposits to senior citizens than others. The high interest rate allows you to grow your savings faster and secure your future.

Apart from high interest, senior citizens investing in the Fixed Deposits scheme can avail of other benefits like flexibility to choose the investment tenure, investment amount, and interest payout term. You can also calculate senior citizen interest rate with the help of our FD calculator.

Related articles

What-Is-The-Minimum-Credit-Score

What Is The Minimum Credit Score For A Used Car Loan

Dreaming of owning a car that fits your budget or want to go for a pre-owned car? If so, a used car loan might be the right option for you. However, before you apply for a used car loan for low CIBIL ...

KNOW MORE

September 12, 2024

Used Car Market Trends

Since the start of the 20th century, the Indian used car market has seen tremendous growth. Currently, one pre-owned car is sold for every sale of a new vehicle. The market size is expected to witness...

KNOW MORE

June 29, 2023

What are Debt Funds?

What are Debt Funds? Holding on to a day job and also managing one’s investments can be challenging for the best of us. Deciding on where, when and how much to invest can mean hours of research that...

KNOW MORE

June 30, 2023