With competitive interest rates and flexible investment periods, the Mahindra Finance Fixed Deposit scheme provides a safe and secure way to grow your money. It is among the most beneficial investment schemes for numerous reasons. One of them is the AAA/Stable rating by CRISIL, a testament to its financial strength and stability.

 

Mahindra Finance FD rates are among the most competitive, going up to 8.30% per annum. The FD also comes with a flexible investment amount and tenor of up to 5 years, allowing you to invest as per your goals.

Mahindra Finance Cumulative FD Interest Rates

Tenor (in months)

Non-senior Citizen

Senior Citizen

12

7.50%

7.75%

15

7.75%

8.00%

24

7.80%

8.05%

30

7.90%

8.15%

36

8.10%

8.35%

42

8.05%

8.30%

48

8.05%

8.30%

60

8.10%

8.35%

Disclaimer: The above interest rates are as of 25th April 2024, and are subject to change at the issuer’s discretion.

 

Mahindra Finance Non-cumulative FD Interest Rates

Monthly

Quarterly

Half-Yearly

Annually

Non-senior Citizen (p.a)

Senior Citizen

(p.a)

Non-senior Citizen (p.a)

Senior Citizen (p.a)

Non-senior Citizen (p.a)

Senior Citizen (p.a)

Non-senior Citizen (p.a)

Senior Citizen (p.a)

7.10%

7.35%

7.20%

7.45%

7.25%

7.50%

7.50%

7.75%

7.25%

7.50%

7.35%

7.60%

7.50%

7.75%

7.75%

8.00%

7.30%

7.55%

7.40%

7.65%

7.55%

7.80%

7.80%

8.05%

7.40%

7.65%

7.50%

7.75%

7.65%

7.90%

7.90%

8.15%

7.55%

7.80%

7.65%

7.90%

7.85%

8.10%

8.10%

8.35%

7.50%

7.75%

7.60%

7.85%

7.80%

8.05%

8.05%

8.30%

7.50%

7.75%

7.60%

7.85%

7.80%

8.05%

8.05%

8.30%

7.55%

7.80%

7.65%

7.90%

7.85%

8.10%

8.10%

8.35%

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Features of Mahindra Finance FD

Flexible Tenor

You can invest in a Mahindra Finance Fixed Deposit for a tenor of up to 60 months

Regular Payouts

A non-cumulative Mahindra Finance FD comes with multiple payout options, including monthly, quarterly, half-yearly, and yearly

Simple Process

You can book an FD online or offline and enjoy a hassle-free process

Senior Citizen Benefit

Senior citizens get additional returns of 0.25% under the Samruddhi Fixed Deposits option by Mahindra Finance.

Eligibility Criteria

The Mahindra Finance Fixed Deposit comes with a simple eligibility criterion wherein you need to be at least 18 years or older to start investing. Parents or legal guardians can book a Mahindra Finance FD on behalf of a minor. 

 

In addition to the above, here’s a list of people and organisations eligible for booking a Mahindra Finance FD:

  • Resident Individuals

  • Non-resident Indians

  • Companies

  • Sole Proprietorship

  • HUF

  • Partnership Firms

  • Trusts

  • Family Trust

  • Charitable Trust

  • Society, Club, Association
     

Now that you know about the Mahindra Finance fixed deposit rates, features, and eligibility criteria, book your investment today on Bajaj Markets. Invest in a safe and secure fixed deposit and secure your future.

How to Invest in the Mahindra Finance FD Online

Here are a few simple steps you must follow to book an FD online on www.bajajfinservmarkets.in.

  1. Click on ‘Invest Now’

  2. Enter your mobile number, date of birth, and verify using the OTP sent to your phone

  3. Explore various FD options with attractive interest rates. Select the preferred partner, investment term, and interest payout frequency

  4. Upload your PAN card, Aadhaar card, and a selfie for swift processing

  5. Verify your personal details like address, marital status, and email address

  6. Safely enter your bank name, IFSC code, and account number

  7. Ensure your loved ones' future by adding nominee details


Make your online payment and start reaping returns on your investment.

Disclaimer

The information provided by BFDL herein above is related to the partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. in the content mentioned hereinabove, as well as offers by the partnered Banks/ NBFCs. "YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED.”

Frequently Asked Questions

Will any special Mahindra Finance FD rates apply to a specific category of applicants?

Mahindra Finance FD rates vary for senior citizens. Senior citizen investors get a special hike of 0.25% p.a. on existing interest rates for Samruddhi cumulative FDs.

Does the Mahindra Finance FD offer monthly interest?

Yes, you can choose a monthly payout frequency when you book a non-cumulative Mahindra Finance Fixed Deposit. In fact, you can receive interest earnings every quarter, half-yearly or yearly.

How is the interest paid in the Mahindra Finance Fixed Deposit?

Interest is paid as per two payout schedules, cumulative and non-cumulative. Cumulative fixed deposits pay the total interest amount at the end of the maturity period. Non-cumulative FDs allow you to choose a specific payout schedule when booking the FD. You can receive your interest amount every month, three months, six months, or twelve months.

What is the FD interest rate of Mahindra Finance?

The minimum and maximum Mahindra Finance FD rates currently are 8.05% p.a. and 8.30% p.a. for a Samruddhi cumulative FD.

What kind of tax is imposed on Mahindra Finance FD interest returns?

According to the Income Tax Act of 1961, the returns earned from fixed deposits are subject to TDS deduction. This is applicable only if they exceed the stipulated yearly income of ₹40,000 for non-senior citizens and ₹50,000 for senior citizens.

Are non-senior citizens and NRIs eligible for the same Mahindra Finance FD interest rates?

Yes, NRIs are offered similar interest rates to the resident non-senior citizens investing in a fixed deposit with Mahindra Finance.

Can I prematurely withdraw my Mahindra Finance FD?

Yes, you can prematurely withdraw your Mahindra Finance FD. However, the interest rate applicable to premature withdrawals will be lower than the contracted rate. Additionally, you may have to pay a penalty fee.

Can I acquire a loan against my Mahindra Finance fixed deposit?

Yes, you can avail of a loan by keeping your Mahindra Finance fixed deposit as security. The loan amount can be up to 75% of the investment amount, and the interest rate on the loan will be lower than that of a personal loan.

Is TDS Deducted on a Mahindra Finance FD?

Yes, TDS is deducted on a Mahindra Finance FD if the interest earned exceeds ₹40,000 for non-senior citizens and ₹50,000 for senior citizens in a financial year.

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