୨୦୦୫ ସେପ୍ଟେମ୍ବରରୁ ଆମର ମ୍ୟୁଚୁଆଲ ଫଣ୍ଡ ଆବଣ୍ଟନ ଦଳ ଏହାର କାର୍ଯ୍ୟ କରିବା ଆରମ୍ଭ କରିଥିଲା, ଏବଂ ସେବେ ଠାରୁ, ଦେଶର ସମସ୍ତ ଅଞ୍ଚଳରେ ଏହା ବ୍ୟାପକ ଭାବରେ ବିସ୍ତାର ଲାଭ କରିଛି l ସମସ୍ୟା- ମୁକ୍ତ ଭାବରେ ଆପଣଙ୍କର ଆର୍ଥିକ ଲକ୍ଷ୍ୟଗୁଡ଼ିକୁ ପୂରଣ କରିବାରେ ସାହାଯ୍ୟ କରିବା ପାଇଁ ଆପଣଙ୍କୁ ପଛକୁ ପଛ ସମାଧାନଗୁଡ଼ିକ ପ୍ରଦାନ କରିବା ପାଇଁ ଏହି ସମସ୍ତ ପ୍ରଚେଷ୍ଟା ଉଦ୍ଦିଷ୍ଟ l
ଯେତେବେଳେ ନିବେଶ କରିବାର କଥା ଉଠେ,ସେତେବେଳେ ଆମେ ବୁଝୁ ଯେ ପ୍ରତ୍ୟେକ ବ୍ୟକ୍ତିଙ୍କର ତାଙ୍କର ଆର୍ଥିକ ଲକ୍ଷ୍ୟ ଏବଂ ରିସ୍କ ପ୍ରୋଫାଇଲଗୁଡ଼ିକୁ ଭିତ୍ତିକରି ତାଙ୍କର ସ୍ୱତନ୍ତ୍ର ଅବଶ୍ୟକତାଗୁଡ଼ିକ ରହିଛି l ଆଉ ଯେତେବେଳେ ନିବେଶକାରୀମାନଙ୍କ ନିବେଶ ପାଇଁ ବହୁତ ସ୍ଥାନ ଖୋଲା ଅଛି, ଏହା ସାଧାରଣତଃ ଦେଖାଯାଏ ଯେ ଦୀର୍ଘକାଳୀନ ଭିତ୍ତିରେ ବିଶେଷ ଭାବେ ଇକ୍ୱିଟିଗୁଡ଼ିକ ଅନ୍ୟମାନଙ୍କ ଅପେକ୍ଷା ଭଲ କରନ୍ତି l ସେଥିପାଇଁ ଆମେ ବିଶ୍ୱାସ କରୁ ଯେ ଇକ୍ୱିଟିରେ ସୁବ୍ୟବସ୍ଥିତ ଭାବରେ ନିବେଶ କରିବାରେ ଆପଣଙ୍କର ପଇସାକୁ ସର୍ବାଧିକ ଫାଇଦା ପ୍ରଦାନ କରିବାରେ ସାହାଯ୍ୟ କରିବାର କ୍ଷମତା ଏହାର ରହିଛି ଏବଂ ଫଳ ସ୍ୱରୂପ ଏକ ସ୍ୱଳ୍ପ ସମୟ ଅବଧିରେ ଆପଣଙ୍କ ପାଇଁ ଅଧିକ ସମ୍ପତ୍ତି ସୃଷ୍ଟି କରେ l
ଏପରିକି ଇକ୍ୱିଟିରେ ନିବେଶ କରିବା ବଜାରକୁ ଭଲ ଭାବରେ ବୁଝିବା ଏବଂ ଏହାର ବହୁବିଧ ଜଟିଳତାଗୁଡ଼ିକୁ ବୁଝିବା ଦରକାର କରେ l ଏହି ଠାରେ ହିଁ ଆମେ ଆମର ଦକ୍ଷତା ସହିତ ଆଗକୁ ଆସୁ l ଆମର ପରାମର୍ଶଦାତାମାନେ ଯତ୍ନର ସହିତ ଆପଣଙ୍କର ନିବେଶ ଉଦ୍ଦେଶ୍ୟଗୁଡ଼ିକୁ ଏବଂ ରିସ୍କ କ୍ଷୁଧାକୁ ବୁଝନ୍ତି l ଆପଣଙ୍କର ସ୍ୱତନ୍ତ୍ର ଆବଶ୍ୟକତାଗୁଡ଼ିକ ପାଇଁ ସର୍ବୋତ୍ତମ ଭାବରେ ଖାପ ଖୁଆଇବା ପରି ସ୍କିମଗୁଡ଼ିକରେ ଆପଣଙ୍କର ଟଙ୍କା ଲଗାଇବାରେ ସେମାନେ ସେହି ଅନୁସାରେ ଆପଣଙ୍କୁ ସାହାଯ୍ୟ କରନ୍ତି l ଏହି ଉପାୟରେ ଆପଣ ଅବସର ନେଇ, ଆରାମ କରିବେ ଏବଂ ଆପଣଙ୍କର ଟଙ୍କା ସମସ୍ତ କଠିନ କାର୍ଯ୍ୟ କରୁଥିବାର ଦେଖିବେ l
ID & Address proof
Please note that we accept deposits from registered trust only and our investment has not qualified under Sec 11(5) of IT.
For Investment of Rs 1 crore and above, declaration of the source of income is required.
Please note Mahindra & Mahindra Financial Services is not registered U/S 11(5) of income tax act, hence Charitable Trust may invest in Mahindra Finance FD at THEIR OWN RISK.
If the trust is not registered or not willing to be registered in future, a letter duly signed by authorized signatories stating the trust is not registered & not willing to be registered in future is required.
The company offers 2 schemes - Samruddhi & Dhanvruddhi . For Fixed Deposit to get interest periodically (Monthly, Quarterly, Half yearly & Yearly) by opting for non-cumulative scheme or at maturity with Cumulative deposits.
For Non- Cumulative Fixed Deposits, the interest is payable on Monthly, Quarterly, Half yearly & Yearly basis. For Cumulative Deposits, the interest is payable at the time of maturity together with the principal amount.
Individuals, companies, HUFs, body of individuals, association of persons, registered trust/societies, sole proprietorships, partnership firms, clubs, LLP etc can invest in MMFSL fixed deposit scheme.
Note*: Mahindra & Mahindra Financial Services is not registered U/S 11(5) of income tax act, hence Charitable Trust may invest in Mahindra Finance FD at THEIR OWN RISK.
While opening the fixed deposit, all the KYC documents to be furnished
Note*: The FD Receipt will be sent to your registered Email ID within 7 working days, subject to verification of your KYC documents & amount realization by the company.
You can make your payments via cheque, debit card & RTGS/NEFT.
Yes, the below given specific categories of applicants will be eligible for additional rate of interest benefit.
Yes, a maximum of 2 people can open a joint Deposit account payable to E or S (Either or Survivor).
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.
Yes, on receipt and verification of the Power of Attorney by the Company as to its validity in this context.
An existing depositor can renew their deposit for either the Principal amount (interest accrued will be repaid) or alternatively the principal amount plus interest.
No, there is no additional benefit of renewal of deposit.
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 .
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:
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.
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.
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.
We are service – oriented organisation with a complete focus on delivering the best experience. Our Depositors get these benefits:
No, MMFSL fixed deposit cannot be shown under section 80C for tax deduction.
The TDS limit for NBFC FD scheme is till Rs.5000/- interest p.a. In case where the interest amount exceeds Rs. 5,000/- sum of all fixed deposit held with Mahindra finance under single pan number in a financial year, income-tax will be deducted at source.
The Form 15G/H needs to be submitted at the beginning of every financial year or at the time of deposit if in case the investment is done during financial year. In case of entities/companies the Lower tax deduction certificate needs to be submitted immediately after the date of issue or before 31st Mar (financial year end) whichever is earlier.
Note:- Form 15G/H is not applicable for cases wherein the deposit interest exceeds the tax exemption limit set by the income tax department. i.e Rs.2.5 lacs for individuals & Rs.3 lacs for senior citizens OR as applicable time to time.
There are 3 modes available to submit the form 15G/H, online & offline.
TDS Certificate will be received quarterly in Form 16A, for TDS deducted during the said quarter of the financial year. In case of cumulative deposits TDS certificate will be issued after 31st March, for the TDS accrued during the said financial year.
Note: - Soft Copy of the certificate can be downloaded through customer portal https://fixeddeposit.mahindrafinance.com/WA_FD_EP_PRELOGIN_5/
Interest Certificate will be issued immediately after the payout in case of non-cumulative schemes. For cumulative deposits the certificate will be issued annually only after 31st March, of the said financial year.
Note: - Soft Copy of the certificate can be downloaded through customer portal. https://fixeddeposit.mahindrafinance.com/WA_FD_EP_PRELOGIN_5/
TDS is deducted every time when the company pays/re-invests (renewal) interest during the Financial year. In addition, TDS is also deducted on interest accrued for cumulative schemes (but not yet paid) at the end of financial year viz. 31st March
No need to visit the branch or discharge the FDR receipt; FD proceeds will be directly credited to depositors account registered at the time of maturity in case of auto repayment option.
As the money is locked in a specific period the deposits cannot be withdrawn at the will of the depositor, except in specific scenarios in which the depositor is ready to bear the penalty for premature withdrawal. There is no penalty charged in case of Death premature withdrawals (Death of the 1st Holder).
For premature closure, you need to submit the Original FDR with a revenue stamp and cross signature of all holders (rear/back of the FDR) (xerox copy in case of E-receipt) and a request letter specifying the reason along with personalised cheque leaf copy at the nearest office ( Mumbai – Head Office or Chennai Processing centre).
The pre-closure procedure will take 5-6 working days to process the payment after the receipt of the documents.
Penalty Chart for premature withdrawal.
Note: - Pre-closure penalty will be charged on the rate of interest of the tenure completed by the FDR and not on the rate of interest applied by the depositor, as the said ROI is applicable only if the FDR is retained till the date of maturity.
Example: - If the FDR has completed only 1 year, the base rate applied for calculating premature penalty will be 1 year’s ROI on the date of deposit.
The loan interest will be charged 2% per annum above the contracted rate shown on the Term Deposit Receipt (TDR)
Loan may be granted against public deposit up to 75% of the deposit amount carrying interest 2% per annum above the FD interest rate and any other additional charges as applicable on such deposit.
Deposits should have run for a minimum period of three months and minimum FD investment of Rs.5,000/-.
Loan disbursement is subject to internal approvals & at the discretion of the company.
To avail for loan online with no submission of documents in just 3 simple steps:
The offline process of loan in which Physical FDR & Loan undertaking letter signed along with cancelled cheque copy are required and mandatory which needs to be sent on email.
You need to provide the physical copies of FDR with sign & Revenue stamp of concern holders with cancelled cheque copy & loan undertaking letter to be sent to our Head Office at Mumbai or Chennai Regional Office.
Attached is the undertaking letter
Download the e-receipt from customer portal login for record purpose. For issue of duplicate FDR we require an indemnity bond on Rs 300/- stamp paper, kindly get the same notarized on Rs 300/- stamp paper from the court or franking from the bank and at the nearest office ( Mumbai – Head Office or Chennai Processing centre).
We accept deposits from NRIs on a non-repatriation basis. Deposits by NRIs are accepted only when the funds originate from their respective NRO Account.
The terms and conditions governing the NRI deposits are given hereunder:
Acceptance of deposits can be made only by Indian Rupees through NRO Account.
NRI Deposits shall be accepted only through payments made from the depositors NRO A/c in India.
Deposits with funds transferred from NRE or FCNR (B) A/c’s will not be accepted
NRI Deposits shall not be accepted by any inward remittances from overseas
Document requirements for NRI FD investments
If there is a DTAA with the country of which the investor is a resident, then the Tax rate applicable will be the DTAA rate or the Income Tax rate whichever is more beneficial to the assesse /investor. The following additional documents should be provided by the NRI depositor to claim benefit of DTAA rate.
The depositor needs to submit a request letter or send an email from the registered email ID @ firstname.lastname@example.org along with a copy of personalised cheque leaf/bank statement and valid ID proof to receive the unclaimed payments via NEFT /RTGS mode.
As per section 125(2) of the Companies Act, 2013 read with Rules, any amount of matured Fixed Deposits along with interest accrued on it, which remains unpaid or unclaimed for a period of seven years from the date of maturity of the Fixed Deposit, shall be transferred by the Company to the Investor Education and Protection Fund (“IEPF”) established by Central Government.
The Company has regularly uploaded on its website as also on the website of the Ministry of Corporate Affairs, Government of India, full details of such unpaid or unclaimed Fixed Deposits along with the interest.
Kindly note that with a view to complying with the statutory requirements in this regard, we shall initiate necessary action for transfer of the unclaimed principal and interest amount on Fixed Deposit to IEPF.
You are requested to immediately claim your unpaid principal and interest amount to avoid the transfer of the said amount(s) to IEPF by sending the following documents to us .
However, you may claim from IEPF Authority, the amount of unclaimed principal and interest on Fixed Deposit, transferred to IEPF by making an application in Form IEPF-5 online and by sending the physical copy of the same duly signed (as per registered specimen signature) along with requisite documents enumerated in the said Form IEPF-5 to the Company at its Corporate Office or at the Company’s FD Processing Centre at Chennai for verification of your claim. We shall send a verification report to IEPF As per section 125(2) of the Companies Act, 2013 read with Rules, any amount of matured Fixed Deposits along with interest accrued on it, which remains unpaid or unclaimed for a period of seven years from the date of maturity of the Fixed Deposit, shall be transferred by the Company to the Investor Education and Protection Fund (“IEPF”) established by Central Government.
Authority for refund of the unclaimed principal and interest amount on Fixed Deposit, back to the credit of the Fixed Deposit holder.
In case we do not receive any request from you for claiming the principal and interest amount on Fixed Deposit , we shall, in accordance with the requirements of the said Rules, transfer the unclaimed principal and interest amount on Fixed Deposit, to IEPF by the due date as per procedure stipulated in the Rules, without any further notice. Please note that no claim shall lie against the Company in respect of unclaimed principal and interest amount on Fixed Deposit transferred to IEPF Authority pursuant to the said Rules.
The IEPF Rules and the application form (Form IEPF-5), as prescribed by the Ministry of Corporate Affairs for claiming back the unpaid/unclaimed principal amount/interest on Fixed Deposits, are available on the website of the Company at www.mahindrafinance.com as also on the website of the Ministry of Corporate Affairs at www.iepf.gov.in.
Please feel free to contact the Company in case you have any queries at the following address/ email/ telephone numbers:
FD Processing Centre
Mr. N Ananta Narayanan
Mahindra & Mahindra Financial Services Ltd
New No. 244, Old No. 713, 3rd Floor, Level 4,
Rear Block, Carex Center, Anna Salai,
Chennai, Tamil Nadu-600006.
Toll Free no- 180 026 69266
Ms. Sunita Pawar
Mahindra & Mahindra Financial Services Limited
Sadhana House, 2nd Floor,
570, P. B. Marg, Worli,
Mumbai- 400 018.
Tel:+91-22 - 6652 3500 Extn :- 3966
Fax No:+91- 22- 24984170
Email: [email protected]
For illustration purpose only
Total Amount Payable