Mahindra Finance Fixed Deposit Rates 2021

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 the Samruddhi scheme. The interest rate on different fixed deposit schemes ranges from 5.25% to 6.40%.

Mahindra Finance FD Interest Rates

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 5.70% 5.95%
15 months 5.80% 6.05%
18 months 6.00% 6.25%
20 months 6.10% 6.35%
24 months 6.20% 6.45%
27 months 6.20% 6.45%
30 months 6.20% 6.45%
33 months 6.20% 6.45%
36 months 6.30% 6.55%
38 months 6.30% 6.55%
40 months 6.30% 6.55%
44 months 6.45% 6.70%
48 months 6.45% 6.70%
60 months 6.45% 6.70%

The given rates are applicable as of 24 August 2020.

Samruddhi Non-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 5.60% 5.85%
15 months 5.70% 5.95%
18 months 5.90% 6.15%
20 months 6.00% 6.25%
24 months 6.10% 6.35%
27 months 6.10% 6.35%
30 months 6.10% 6.35%
33 months 6.10% 6.35%
36 months 6.20% 6.45%
38 months 6.20% 6.45%
40 months 6.20% 6.45%
44 months 6.35% 6.60%
48 months 6.35% 6.60%
60 months 6.35% 6.60%

The given rates are applicable as of 24 August 2020.

Samruddhi Cumulative Scheme Interest Rate for investments between Rs.1 crore and up to Rs.5 crore

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

Tenure Interest Rate p.a. (General Public)
12 months 5.25%
18 months 5.25%
24months 5.50%
36 months 5.90%
48 months 5.90%
60 months 6.00%

The given rates are applicable as of 24 August 2020.

Samruddhi Cumulative Scheme Interest Rate for investments between Rs.1 crore and up to Rs.5 crore

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

Tenure Interest Rate p.a. (General Public)
12 months 5.15%
18 months 5.15%
24months 5.40%
36 months 5.80%
48 months 5.80%
60 months 5.90%

The given rates are applicable as of 24 August 2020.

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