Mahindra Finance Fixed Deposit Form – Mahindra FD Application

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About Mahindra Finance

Mahindra and Mahindra Financial Services Limited is one of India’s leading non-banking finance companies. Through a vast network of branches, we provide personalised finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector.

MMFSL’s rural financing is considered as the cornerstone of poverty reduction, rural development and inclusive growth in many parts of the country. With a majority of our country’s population living in rural India, our loans to over 10,00,000 customers belonging to the low income groups have proved to be a catalyst in helping rural India surge ahead in a big way.

Our unique business model is socially inclusive as we help customers who are at the bottom of the income or social pyramids to grow by providing them loans based on their future earning capacities. It is also our continuous endeavour to develop skill sets at the local level. We currently provide employment to over 6200 people who belong to the areas in which we serve, ensuring that our employees truly understand their customers.

Since 1945, we, at the Mahindra Group, have remained and will continue to remain partners in the progress of rural India, through both growth and turbulence. We salute the spirit of every Indian living off the land and move ahead, trying to understand the financial needs of rural India and tapping into this vast market of unbounded opportunities.

About Mahindra Finance Fixed Deposit Scheme

  • The MMFSL Fixed deposit is given the Crisil rating FAAA which indicates a high level of safety
  • Cumulative as well as non cumulative options are available as per the convenience of the depositor
  • Senior Citizens/ Employees will get an additional rate of 0.25% per annum

The interest rates and duration of different schemes of Mahindra Finance Fixed deposit scheme are as given below.

Non Cumulative Scheme:
Period
(Months)
Interest p.a.*#
(Half Yearly)
Interest p.a.*#
(Quarterly)
12 7.75% 7.65%
24 8.75% 8.65%
36, 48, 60 9.25% 9.15%
Minimum
Amount
Rs. 25,000 Rs. 50,000
Cumulative Scheme:
Minimum
Amount
Period
(Months)
Amount
Payable(Rs.)
Interest *
p.a.
Effective
Yield p. a.**
Rs. 10,000@ 12 10,800 8.00% 8.00%
18 11,311 8.50% 8.74%
24 11,881 9.00% 9.41%
36 13,129 9.50% 10.43%
48 14,377 9.50% 10.94%
60 15,742 9.50% 11.48%

Download Mahindra Finance Fixed Deposit Form




Posted by Silki Garg   @   19 December 2010 0 comments

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