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

Upcoming Cars in 2019 in India

If you are planning to buy a new car this year, you have a stroke of good luck. In 2019, some of the most reputed makers are launching advanced cars in India. From the sports car to a family car, they...

KNOW MORE

June 29, 2023

Mastering Financial Planning: A Guide To Using FD Calculators Effectively

Why use an FD interest rate calculator? Financial planning helps to secure our future and achieve our financial goals. One popular investment tool that can help us in this endeavour is a Fixed Deposit...

KNOW MORE

March 4, 2024

Fixed Deposit For Early Home Loan Repayment: Accelerating Mortgage Payoff

Owning a home is a cherished dream for many Indians. However, repaying a home loan over an extended period can be daunting. If you wish to achieve financial freedom sooner and reduce your long-term in...

KNOW MORE

April 17, 2024