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Mahindra Finance Fixed Deposit

Mahindra Finance Fixed Deposit is a safe and risk-free investment option. Individuals from rural and semi-rural areas to get assured return can easily invest in Mahindra Finance FD. To suit the different needs of the customers, Mahindra Finance Fixed Deposit schemes are of two types. Dhanvruddhi Scheme and Samruddhi Scheme offer both the options of cumulative and non-cumulative. Mahindra Finance Fixed Deposit interest rate is highly competitive and helps you to yield return consistently. As per your convenience, you can go for Mahindra Finance Fixed Deposit online or offline mode. Mahindra Finance FD rates of different schemes lie from 7.70%* to 8.40%*. To financially support the senior citizens, Mahindra Finance FD rates are higher than the regular citizens. With the recent trend of rise in Fixed Deposit interest rates, Mahindra Finance Fixed Deposit rates have also hiked. The highest rates of Fixed Deposit in Mahindra Finance are 8.75% p.a for Dhanvruddhi Cumulative and Non-Cumulative Scheme. For Samruddhi Cumulative scheme, the highest rate of Mahindra Finance FD is 8.50% p.a and 8.35% p.a for the Samruddhi Non-Cumulative Scheme.

Features of Mahindra Finance Fixed Deposit

Mahindra Finance FD schemes are one of the best option to park your money and generate a high return. As a low-risk and secured investment tool, Mahindra Finance Fixed Deposit offers great return to the people of semi-urban and rural areas. You can easily go for Fixed Deposit in Mahindra Finance without taking much risk.

Mahindra Finance FD is a huge safety investment tool. This has been supported by the CRISIL rating of ‘FAAA’.
In case of senior citizens, Mahindra Finance Fixed Deposit rate is 0.10% more Dhanvruddhi Scheme. But to avail this facility, you need to go for only Mahindra Finance FD online mode from the company’s website.
For the Samruddhi & DhanSamruddhi scheme, the senior citizen will enjoy an additional 0.25% of Mahindra Finance FD rate.
Also, additional 0.35% of Mahindra Finance Fixed Deposit rate will be offered to the company’s employee, employee relatives. On top of that, company retired employees & retired employee relatives will also enjoy this facility.

Different Schemes of Mahindra Finance Fixed Deposit

There are various schemes of Fixed Deposit in Mahindra Finance to help you live a stress-free life. You can go for Mahindra Finance FD online mode or offline mode to deposit your hard-earned money.
Following are the types of Mahindra Finance Fixed Deposit schemes-

Dhanvruddhi Scheme

You can only go for Mahindra Finance Fixed Deposit online for Dhanvruddhi Scheme through the Company website. The following tables depict the Mahindra Finance FD rates of regular individuals and senior citizens.

Dhanvruddhi Cumulative Scheme- Upto Rs. 1 crore

Particulars	Minimum Amount	Tenure in Months	Interest Rate (per annum)	Effective Yield (per annum)	Amount Payable (in Rs.)
Regular Individual	Rs. 5000	40	8.7%	9.65%	6608
		33	8.7%	9.40%	6293
		27	8.35%	8.83%	5993
		20	8%	8.26%	5688
		15	8%	8.13%	5508
Senior Citizen	Rs. 5000	40	8.8%	9.77%	6629
		33	8.8%	9.53%	6310
		27	8.45%	8.93%	6005
		20	8.10%	8.36%	5697
		15	8.10%	8.22%	5514

Dhanvruddhi Non-Cumulative Scheme- Upto Rs. 1 crore

Particulars	Minimum Amount	Tenure in Months	Interest Rate (yearly)	Interest Rate (monthly)
Regular Individual	Rs. 50000	40	8.7%	8.2%
		33	8.7%	8.2%
		27	8.35%	7.85%
		20	8%	7.5%
		15	8%	7.5%
Senior Citizen	Rs. 50000	40	8.8%	8.3%
		33	8.8%	8.3%
		27	8.45%	7.95%
		20	8.10%	7.6%
		15	8.10%	7.6%

Samruddhi Scheme

You can go for Samruddhi Scheme under Mahindra Finance FD by visiting the company branch. Following tables show the Mahindra Finance Fixed Deposit rates of regular individuals and senior citizens.

Samruddhi Cumulative Scheme- Upto Rs. 1 crore

Particulars	Minimum Amount	Tenure in Months	Interest Rate (per annum)	Effective Yield (per annum)	Amount Payable (in Rs.)
Regular Individual	Rs. 5000	60	8.45%	10%	7501
		48	8.45%	9.58%	6917
		36	8.45%	9.18%	6378
		24	8.10%	8.43%	5843
		18	7.75%	7.95%	5597
		12	7.75%	7.75%	class="body-sub-header mt-2"5388
Senior Citizen	Rs. 5000	60	8.7%	10.35%	7588
		48	8.7%	9.90%	6981
		36	8.7%	9.48%	6422
		24	8.35%	8.70%	5870
		18	8%	8.21%	5616
		12	8%	8%	5400

Samruddhi Non-Cumulative Scheme- Upto Rs. 1 crore

Particulars	Minimum Amount	Tenure in Months	Interest Rate (half-yearly)	Interest Rate (quarterly)
Regular Individual	Rs. 25000 for half-yearly rate Rs. 50000 for quarterly rate	60	8.3%	8.25%
		48	8.3%	8.25%
		36	8.3%	8.25%
		24	7.95%	7.9%
		18	7.6%	7.55%
		12	7.6%	7.55%
Senior Citizen	Rs. 25000 for the half-yearly rate Rs. 50000 for the quarterly rate	60	8.55%	8.5%
		48	8.55%	8.5%
		36	8.55%	8.5%
		24	8.2%	8.15%
		18	7.85%	7.8%
		12	7.85%	7.8%

Dhan Samruddhi Scheme

You can only go for Dhan Samruddhi Scheme under Mahindra Finance FD online mode through the company’s online channel partner. Here are the table that depicts the Dhan Samruddhi Scheme of the regular individual and the senior citizens-

Dhan Samruddhi Cumulative Scheme

Particulars	Minimum Amount	Tenure in Months	Interest Rate (yearly)	Interest Rate (monthly)
Regular Individual	Rs. 25,000 for half-yearly interest rate Rs. 50.000 for quarterly interest rate	44	8.5%	9.54%
Regular Individual		38	8.5%	9.33%
Senior Citizen	Rs. 25,000 for half-yearly interest rate Rs. 50.000 for quarterly interest rate	44	8.75%	9.85%
Senior Citizen		38	8.75%	9.63%

Dhan Samruddhi Non-Cumulative Scheme

Particulars	Minimum Amount	Tenure in Months	Interest Rate (yearly)	Interest Rate (monthly)
Regular Individual	Rs. 25,000 for half-yearly interest rate Rs. 50.000 for quarterly interest rate	44	8.35%	8.3%
Regular Individual		38	8.35%	8.3%
Senior Citizen	Rs. 25,000 for half-yearly interest rate Rs. 50,000 for quarterly interest rate	44	8.6%	8.55%
Senior Citizen		38	8.6%	8.55%

*rate might vary from time to time

Eligibility for Mahindra Finance Fixed Deposit

Indian resident & Non-Resident Indians
Hindu Undivided Family or HUF
Sole Proprietorship
Company & Partnership Firm
Charitable Trust
Association, Club, Society
Other Trust & Beneficiaries
Family Trust

Documents Required for Mahindra Finance Fixed Deposit

Following are the documents required for Fixed Deposit in Mahindra Finance-

Eligible for Mahindra Finance FD	Documents Required
Indian Residents	PAN Card Passport Job card issued by NREGA signed by a State Govt officer Voter ID Card Driving License Letter issued by Unique Identification Authority stating your name, AADHAAR no., address
NRIs	Passport copy (beginning of the current financial year) Passport with valid Visa PAN Card Certificate of Tax Residency from the Income Tax Dept of the applicant’s residing country In case of foreign passport, PIO card for establishing Indian origin Overseas Employment Letter Proof of local address if differ from passport address- EB Bill Card Passbook or Statement of Bank A/c Driving License or Voter ID Local Property Papers with the registration deed
HUF	For ID proof, you need Photograph HUF Pan Card To verify bank a/c, cancel cheque is needed ID proof of Kartha & HUF or Kartha Address Proof
Sole Proprietorship	PAN Card of the proprietor Address & ID proof of proprietor Photograph Cancel Cheque In case of different name of the sole proprietorship, either Telephone bill or Bank Statement Certificate is required
Company	Authorized Signatory List PAN Card ID & Address Proof of the Authorized Signatories Certificate of Incorporation Cancel Cheque Signatory’s photo Latest Board Resolution with Signature Memorandum of Article & Association
Partnership Firm	Partnership Deed PAN Card, Resolution Copy Cancel Cheque All the Authorized Signatory’s- ID and Address Proof Photo of Signatories
Charitable Trust	Trust Deed Registration Certificate Copy or/and 12(A) Certificate issued by the Income Tax Dept PAN Card Photograph Address & ID proof of the Signatories Registration Application Acknowledgment (if applied for) Cancel Cheque Individual KYC of all the Trustees Signatory List Consent Letter/Board Resolution
Association, Club, Society	Resolution & MOA PAN Card Registration Certificate Copy (if registered) Address & ID proof of the Signatories Photograph of all the Signatories Registration Application Acknowledgment (if you applied for) Cancel Cheque Individual KYC of all the signatories Signatory List
Other Trust & Beneficiaries	Name of the registered trustees, beneficiaries, settlers and signatories Fax or Phone number Name, address of managing/directors, founder and the beneficiaries (It is to be noted that, only registered trust only can deposit money. In case of investment of Rs. 1 crore or more, income source declaration is needed)
Family Trust	Trust Deed Registration Certificate Copy PAN Card All Trustees’ individual KYC Registration Application Acknowledgment (if applicable) Address & ID proof, photograph of the Signatories Board Resolution or the Consent Letter from Trustees Cancel Cheque Signatory List

Mahindra Finance Fixed Deposit Customer Care Number

In case of any queries or doubts related to Fixed Deposit in Mahindra Finance, you can contact the Mahindra Finance Fixed Deposit customer care number. You can easily connect with Ms. Sunita Pawar with the toll-free no.- 1800 266 9266. To address any Mahindra Finance FD complaints, the available phone number is- 022-66423966. You can also mail you FD queries to- pawar.sunita@mahindra.com or mfinfd@mahindra.com. Also, you can send SMS ‘MFFD’ to 56363.

The head office of Mahindra Finance Fixed Deposit is-

Mahindra & Mahindra Financial Services Ltd.
2nd Floor, Sadhana House,
Behind Mahindra Tower,
570 PB Marg, Worli,
Mumbai,
Maharashtra- 400018, India.

The head office of Mahindra Finance Fixed Deposit is-

Mahindra & Mahindra Financial Services Ltd.
ew no., 86, Old no., 827, 2nd Floor
Dhun Building, P.B no., 2430, Anna Salai, Chennai- 600 002,
Phone no.- 044 28411016/044 28411061

FAQs

Name the scheme of deposits available under Mahindra Finance FD?

Ans- There are two types of deposit schemes available under Mahindra Finance Fixed Deposit namely- Cumulative and Non-Cumulative Schemes.

Who are eligible to open a Fixed Deposit in Mahindra Finance?

Ans- For opening a Fixed Deposit in Mahindra Finance, the eligibility required are- you need to be an Indian Resident or NRI, Sole Proprietorship, Charitable Trust, HUF, Family Trust, Association, Club, Society, Other Trusts & Beneficiaries, Company or Partnership Firm.

Is there any special privilege for the senior citizens?

Ans- The senior citizens will enjoy an extra 0.10% p.a under Dhanvruddhi Scheme. And 0.25% additional rate under Samruddhi Scheme.

Is it possible to avail loan against Mahindra Finance Fixed Deposit?

Ans- Yes. You can avail loan against Mahindra Finance FD up to 75%. To avail this loan, you need to have prevailing FD a/c with the Mahindra Finance for more than 3 months. But it completely depends on the company whether you will get the loan against FD or not.

Can you apply for Mahindra Finance FD online?

Ans- Yes, you can apply online for Mahindra Finance FD under Dhanvruddhi Scheme. Also, you can go for online under Dhan Samruddhi Scheme through the company’s channel partner. But for Samruddhi Scheme, you need to go offline.

FIXED DEPOSIT MATURITY DETAILS