Mahindra Finance Fixed deposit Scheme

mahindra finance fixed deposit schemeMahindra and Mahindra Financial Services Limited is one of India’s leading non-banking finance companies. Through a vast network of branches, they provide personalised finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector.

Features and Benefits of Mahindra Finance Fixed deposit Scheme:

  • The MMFSL Fixed deposit is given the Crisil rating FAAA which indicates a high level of safety
  • Cumulative as well as non cumulative options are available as per the convenience of the depositor
  • Senior Citizens/ Employees will get an additional rate of 0.25% per annum
  • Applicable from  September 12, 2011
Non Cumulative Scheme – Mahindra Finance Fixed deposit
Period (Months)
Interest Rate 
Half Yearly Quarterly
12 9.25% 9.15%
24 10.00% 9.90%
36 10.25% 10.15%
48, 60 9.75% 9.65%
Minimum Amount Rs. 25,000 Rs. 50,000
  • Interest payment half yearly on 30th September and 31st March only through ECS/NECS/NEFT.
  • Interest Payment Quarterly on 30th June, 30th September, 31st December and 31st March only through ECS/NECS/NEFT
Cumulative Scheme – Mahindra Finance Fixed deposit
Period (Months) Amount Payable(Rs.) Interest (p.a.) Effective Yield (p.a.)
12 10,950 9.50% 9.50%
18 11,550 10.00% 10.33%
24 12,155 10.25% 10.78%
36 13,492 10.50% 11.64%
48 14,641 10.00% 11.60%
60 16,105 10.00% 12.21%
  •  Minimum Amount for investment – Rs 10,000
  •  Additional amount will be accepted in multiples of Rs. 1,000
Managers & Brokers to the Scheme:

  1. Bajaj Capital Ltd
  2. HDFC Securities Ltd
  3. ICICI Securities Ltd
  4. Integrated Enterprises (India) Ltd
  5. J M Financial Services Pvt Ltd
  6. Karvy Stock Broking Ltd
  7. Kotak Securities
  8. R R Investors Capital Services Pvt Ltd
  9. Stock Holding Corporation of India Ltd
  10. Tata Capital Ltd

For more details download form below

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