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

Understanding-Credit-Score-Ranges-What-Each-Score-Means

Understanding Credit Score Range: What Each Score Means

Introduction Your credit score is a crucial factor in determining your financial health. It represents your creditworthiness and can have a significant impact on your ability to secure loans, get favo...

KNOW MORE

July 10, 2024

What Are The Advantages & Disadvantages Of Investing In A Fixed Deposit?

An ideal way to kickstart your investment portfolio is through a fixed deposit (FD). It is not only risk-free and easy to comprehend, but also helps you in growing your wealth. In an FD, you...

KNOW MORE

June 29, 2023

NRI-Home-loan-and-Indian-residents home-loan-What-the-difference

NRI Home Loan And Indian Residents Home Loan: What’s The Difference

Purchasing a home is a significant milestone in anyone’s life, regardless of their location. Whether you are currently residing in India or planning to return one day, owning a home holds immens...

KNOW MORE

July 5, 2024