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
|

Cancellation policy

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

1. The fund for investment should be received from the first holder account/joint account.

2. In case the funds are received from a third party, upon identifying the source of funds the refund will be processed in the same bank account on or before 7 working days without interest.

3. If the KYC documents are incomplete, the forms will be rejected, and the amount will be returned within 30 days without interest

4. Company reserves the rights:

i) To waive or vary the terms & conditions.

ii) To reject any application for a fresh Deposit or for renewal without assigning any reason

iii) To repay the deposit prematurely before the due date.
Acceptance, renewal, and repayment of fixed deposit shall be subject to the Non–Banking Financial Companies Acceptance of Public Deposit (Reserve Bank) Direction, 1998, as mentioned from time to time.

Related articles

How Compound Interest In Fixed Deposits Boosts Your Savings Over Time

Imagine watching your hard-earned money grow while you sleep. That’s the magic of compound interest in Fixed Deposits (FDs), the most popular investment option in India. In this comprehensive gu...

KNOW MORE

March 4, 2024

Difference Between Merchant Cash Advance And Business Loan

If you’re a small or medium-sized business owner in India, chances are you’ll need financing at some point to expand your operations or explore new opportunities. As funding options, there...

KNOW MORE

May 13, 2024

How-much-tax-exemption-is-allotted-for-home-loan

Home Loan Tax Exemption: How To Save Money On Your Home Loan

Introduction Owning a home is a dream for many Indians, and fortunately, taking a home loan can provide more than just a roof over your head. It can also offer significant housing loan tax benefit. Th...

KNOW MORE

July 10, 2024