FD Rates from Mahindra Finance | May 2013

Following is the table giving details of rate of interest on Fixed deposits from Mahindra Finance.

 

 

 

 

 

Non-Cumulative Scheme



Period (Months)Interest p.a.*#/(Half Yearly)Interest p.a.*#/(Quarterly)
129.00%8.90%
249.75%9.65%
3610.00%9.90%
48, 609.50%9.40%
Minimum AmountRs. 25,000+Rs. 50,000+

 

Cumulative Scheme

Minimum Amount: Rs. 10,000+

Period (Months)Interest */p.a.Effective Yield p.a.**
129.25%9.25%
189.75%10.07%
2410.00%10.50%
3610.25%11.34%
489.75%11.27%
609.75%11.85%

Note:

  • + Additional amount will be accepted in multiples of Rs. 1,000/-
  • # Interest payment Half Yearly on 30th September and 31st March only through NECS/NEFT
  • Interest Payment Quarterly on 30th June, 30th September, 31st December and 31st March only through NECS/NEFT
  • ** Compounded annually
  • * Senior Citizens will get an additional rate of 0.25% per annum/Employees will get an additional rate of 0.35% per annum (all M & M Group Company Employees)

You can apply online also from here.

FD Rates from Mahindra Finance | May 2013
Rate this post






+Admin


Leave a Reply

Your email address will not be published. Required fields are marked *