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

How-Fixed-Deposits-Can-Safeguard-Your-Retirement-Funds

How Fixed Deposit Can Safeguard Your Retirement Funds

Introduction Planning for retirement is an important financial step that requires careful consideration and strategic investments. While there are various investment options available, fixed deposits ...

KNOW MORE

July 10, 2024

What Is A Home Loan? Meaning, Benefits & Importance

Owning a home is a dream for many individuals and families. However, the high cost of real estate often makes it challenging to fulfil this dream without financial assistance. This is where home loans...

KNOW MORE

February 5, 2024

Why You Should Purchase A Used Vehicle Instead Of New

Owning a car, whether for personal or commercial use, is a practical necessity today. But buyers-to-be often wonder: should I buy a new or used car? Won’t a second-hand car be good enough? The s...

KNOW MORE

June 29, 2023