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)
12 9.00% 8.90%
24 9.75% 9.65%
36 10.00% 9.90%
48, 60 9.50% 9.40%
Minimum Amount Rs. 25,000+ Rs. 50,000+

 

Cumulative Scheme

Minimum Amount: Rs. 10,000+

Period (Months) Interest */p.a. Effective Yield p.a.**
12 9.25% 9.25%
18 9.75% 10.07%
24 10.00% 10.50%
36 10.25% 11.34%
48 9.75% 11.27%
60 9.75% 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
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https://images.investmentkit.com/articles/wp-content/uploads/2013/05/mahindra-finance.jpghttps://images.investmentkit.com/articles/wp-content/uploads/2013/05/mahindra-finance.jpgAdminBankHalf Yearly,interest paymentFollowing 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) 12 9.00% 8.90% 24 9.75% 9.65% 36 10.00% 9.90% 48, 60 9.50% 9.40% Minimum Amount Rs. 25,000+ Rs. 50,000+   Cumulative Scheme Minimum Amount: Rs. 10,000+ Period (Months) Interest */p.a. Effective Yield p.a.** 12 9.25% 9.25% 18 9.75% 10.07% 24 10.00% 10.50%
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36 10.25% 11.34% 48 9.75% 11.27% 60 9.75% 11.85% Note: + Additional amount will be accepted in multiples of Rs. 1,000/- # Interest payment Half Yearly on 30th...Tutorials to Educate Investors