Following is the table giving details of rate of interest on Fixed deposits from Mahindra Finance.
|Period (Months)||Interest p.a.*#/(Half Yearly)||Interest p.a.*#/(Quarterly)|
|Minimum Amount||Rs. 25,000+||Rs. 50,000+|
Minimum Amount: Rs. 10,000+
|Period (Months)||Interest */p.a.||Effective Yield p.a.**|
- + 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.