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Deposit Amount Range

Minimum. Rs. 5000

Tenure Range

1 year - 5 years

Interest Rate

8.30% to 9.00% Per Annum

Features & Benefits:

  • Senior Citizens get an extra 0.10% Interest Rate
  • Minors can also make deposits in these schemes.
  • Options of Cumulative and Non-Cumulative Deposits are available
  • This scheme is available for Resident Individuals, Companies, NRI's, Partnership Firms, Trusts and Foundations, Family Trusts, Charitable Trusts, HUF's, Sole Proprietorship, Clubs, Association and Societies.

Documents Required:

Identity Proof:
Aadhaar Card/ Passport/ PAN Card/ Voter ID Card / Job card issued by NREGA duly signed by an officer of the State Government.

Address Proof:

Aadhaar Card/ Passport/ Driving License/ Electricity, Phone bills.

Short Description:

Mahindra & Mahindra Financial Services Limited is headquartered in Mumbai and it is a Rural Non Banking Financial Corporation. It has more than 4.7 Million customers till date and is one on the biggest players in its market. Mahindra Finance commenced business in February 1991 and changed their name to Mahindra & Mahindra Financial Services Limited in November 1992. The Mahindra Finance Fixed Deposit currently has a Crisil rating of 'FAAA', which indicates a high level of safety.