Mahindra Finance Fixed Deposit Rates 2020

Mahindra Finance is an Indian company that provides services to essentially the rural and semi-urban parts of India. The company offers great and safe investment options in the form of Mahindra Fixed Deposits (FDs). Mahindra Finance offers a fixed deposit under Dhanvruddhi and Samruddhi schemes. The interest rate on different fixed deposit schemes ranges from 6.45% to 8.70%.

Mahindra Finance FD Interest Rates

Mentioned below is a revised list of Mahindra Finance FD interest rates for more than Rs.5 crore for cumulative and non-cumulative deposits.

Term Deposits with Effect from 16 April 2020
Tenors Cumulative Interest Rates p.a. Non-Cumulative Interest Rate
Quarterly Half Yearly
12 months 6.65% 6.45% 6.50%
18 months 6.65% 6.55% 6.60%
2 years 6.95% 6.75% 6.80%
3 years 7.25% 7.05% 7.10%
4 years 7.35% 7.15% 7.20%
5 years 7.45% 7.25% 7.30%

The table below lists all the deposit options available with Mahindra Finance. The revised table also captures all recent changes in the rates of interest to ease your search for a perfect and risk-free investment option.

The updated list of Mahindra Finance FD Rates, for Regular and Senior Citizen, is listed below:

Dhanvruddhi Cumulative and Non-Cumulative Scheme Interest Rate up to Rs.1 crore

The interest rate is applicable only for opening an FD online via Mahindra Finance website.

Tenure Cumulative Interest Rate (p.a.) Non-Cumulative Interest Rate (p.a.)
General Public Senior Citizens General Public Senior Citizens
15 months 7.30% 7.55% 7.30% 7.55%
20 months 7.40% 7.65% 7.40% 7.65%
27 months 7.60% 7.85% 7.60% 7.85%
33 months 7.70% 7.95% 7.70% 7.95%
40 months 7.80% 8.05% 7.80% 8.05%

The given rates are applicable as of 16 April 2020.

Samruddhi Cumulative Scheme Interest Rate up to Rs.1 crore

The interest rate is applicable only for opening an FD by physical applications

Tenure Interest Rate p.a. (General Public) Interest Rate p.a. (Senior Citizen)
12 months 7.75% 8.00%
18 months 7.75% 8.00%
2 years 8.10% 8.35%
3 years 8.45% 8.70%
4 years 8.45% 8.70%
5 years 8.45% 8.70%

The given rates are applicable as of 16 April 2020.

Samruddhi Non-Cumulative Scheme Interest Rate up to Rs.1 crore: Half Yearly

The interest rate is applicable only for opening an FD by physical applications

Tenure Interest Rate p.a. (General Public) Interest Rate p.a. (Senior Citizen)
12 months 7.05% 7.30%
18 months 7.15% 7.40%
2 years 7.35% 7.60%
3 years 7.45% 7.70%
4 years 7.55% 7.80%
5 years 7.65% 7.90%

The given rates are applicable as of 16 April 2020.

Samruddhi Non-Cumulative Scheme Interest Rate: Quarterly

Tenure Interest Rate p.a. (General Public) Interest Rate p.a. (Senior Citizen)
12 months 7.00% 7.25%
18 months 7.10% 7.35%
2 years 7.30% 7.55%
3 years 7.40% 7.65%
4 years 7.50% 7.75%
5 years 7.60% 7.85%

The given rates are applicable as of 16 April 2020.

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