Here are the Latest Mahindra Finance Fixed Deposit Interest Rates

 While most people open a fixed deposit account with banks, there are many that go for term deposits with NBFCs or non-bank finance companies. Why? Because often, these NBFCs offer higher interest rates. And when you are looking to earn higher FD interest, then look no further than Mahindra Finance. One of the most trusted NBFCs in the country, it offers interest rates much higher than most other term deposit offering entities in India. Owing to the high Mahindra Finance fixed deposit interest rates, more and more people are opening FD accounts with Mahindra Finance. Mentioned below are all the details you need about Mahindra Finance FD rates. 



Mahindra Finance FD Rates 2022

Dhanvruddhi Cumulative Scheme: This scheme allows you to earn up to 7.40 percent interest on your term deposit of up to INR 1 crore. 

Samruddhi Cumulative Scheme: With this FD scheme, you can enjoy Mahindra fixed deposit interest rates of 7.25 percent on five year deposits of up to INR 1 crore. 

In addition to that, senior citizens – individuals over the age of 60 years, can earn additional Mahindra Finance fixed deposit interest rates of 0.25 percent. Moreover, employees of any Mahindra Group company can avail 0.35 percent higher fixed deposit interest rates. 

Eligibility 

Any individual, HUF (Hindu Undivided Family), company, association of persons, registered trust/societies, body of individuals, partnership firms, sole proprietorships, LLP, clubs, etc. can easily open a Mahindra Finance fixed deposit account. Also, since Mahindra Finance is not registered as per section 11(5) of The Income Tax Act, it is advisable that charitable trusts open Mahindra Finance term deposits at their own risk.

Loans against Fixed Deposit 

You can easily take a loan against your Mahindra Finance fixed deposit. This loan can amount up to 75 percent of the total deposit amount. However, the minimum deposit amount to avail a loan is INR 5000 and the deposit must be at least three months old. 

If you liked what you read, then open an account today and start earning the lucrative Mahindra fixed deposit interest rates from today.

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