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Mahindra Finance FD Detail (Fixed Deposit Rates and Review)

Mahindra and Mahindra Financial Services Ltd is one of India's leading non-banking finance company (NBFC) based in Mumbai. 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. The company also provides housing finance, personal loans, financing to small and medium enterprises, insurance broking and mutual fund distribution services.

Company's unique business model is socially inclusive as they help customers who are at the bottom of the income or social pyramids to grow by providing them loans based on their future earning capacities. Currently provide employment to over 8700 people who belong to the areas in which they serve, ensuring that employees truly understand their customers.

MMFSL has 1,291 offices and their customers spread over 3.5 lakh villages and 7,000 towns across India.

Financials (Standalone) (in Rs Crore)

Year Ended 31st March, 2019 31st March 2018 31st March 2017
Profit Before Tax 2,382.44 1,667 620
Profit After Tax 1,557 1,076 400.23
Dividend % 325 200 120

Mahindra Finance FD Detail

Company Name Mahindra and Mahindra Financial Services Ltd
FD Type Cumulative, Non Cumulative
Tenor 12 months to 60 months
Rating 'FAAA' By CRISIL
Minimum Amount (INR) 5,000 (Cumulative), 50,000 (Non-Cumulative)
Additional in multiple of 1000
Interest Rates (Min) 7.30% p.a.
Interest Rates (Max) 8.10% p.a.
Additional Interest For Senior Citizens +0.25%
Additional Interest For Employee +0.35%
Additional Interest For Others +0.35% to Employee's relatives
Interest Payment Dates Quarterly: 31st Mar, 30th Jun, 30th Sep and 31st Dec
Half-yearly: 31st Mar and 30th Sep
Annual: 31st Mar
Auto-Renewal Facility Yes
Renewal Rate Benefit
Multi Deposit Facility
NRI Allowed Yes
Loan against FD Available? Yes
Invest Using Debit Card No
Interest on Loan (Yearly) 2% over the rate at which deposit is placed
CFD Calculator No
Online Application Process Yes

Mahindra Finance FD Interest Rates

Samruddhi Scheme

Minimum Amount (Rs.)

Cumulative Scheme

Non Cumulative Scheme

Period (Months)

Amount Payable (Rs.)

Interest p.a.*(%)

Effective Yield p.a.**(%)

Interest p.a.*#/ (Half yearly,%)

Interest p.a.*#/(Quarterly,%)

5000

12

5365

7.3

7.3

7.15

7.1

18

5569

7.4

7.59

7.25

7.2

24

5789

7.6

7.89

7.45

7.4

36

6264

7.8

8.42

7.65

7.6

48

6802

8

9.01

7.85

7.8

60

7381

8.1

9.52

7.95

7.9

CFD Rating Details

This offer is rated 'FAAA' by CRISIL. The rating of CFDs indicate that Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

Mahindra Finance FD Form

Mahindra Finance FD Ratings

2
5.0
Rating:Rated 5.0 stars

Vote Here ...

Mahindra Finance FD Banking Details

Payment should be made by means of Account Payee Cheque/ demand draft made payable to 'MMFSLFixed Deposit' payable at Designated HDFC Bank Branches where the application is submitted.

Mahindra Finance FD Contact Details

Mahindra and Mahindra Financial Services Ltd
4th Floor, Mahindra Towers,
Dr. G.M. Bhosale Marg,
P.K. Kurne Chowk, Worli, Mumbai

Phone: 1800 233 1234
Email: test@gmail.com
Website: https://www.mahindrafinance.com/

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Mahindra Finance FD Interest Rates

Mahindra Finance FD Detail

CFD Name Mahindra and Mahindra Financial Services Ltd
CFD Rating 'FAAA' By CRISIL
Minimum Amount (INR) 5,000 (Cumulative), 50,000 (Non-Cumulative)
Additional in multiple of 1000
CFD Interest Rates (Min) 8.10% p.a.
CFD Interest Rates (Max) 7.30% p.a.
Additional Interest For Senior Citizens +0.25%
Additional Interest For Others +0.35% to Employee's relatives
Interest Payment Dates Quarterly: 31st Mar, 30th Jun, 30th Sep and 31st Dec
Half-yearly: 31st Mar and 30th Sep
Annual: 31st Mar

Mahindra and Mahindra Financial Services Ltd FD Interest Rates

Samruddhi Scheme

Minimum Amount (Rs.)

Cumulative Scheme

Non Cumulative Scheme

Period (Months)

Amount Payable (Rs.)

Interest p.a.*(%)

Effective Yield p.a.**(%)

Interest p.a.*#/ (Half yearly,%)

Interest p.a.*#/(Quarterly,%)

5000

12

5365

7.3

7.3

7.15

7.1

18

5569

7.4

7.59

7.25

7.2

24

5789

7.6

7.89

7.45

7.4

36

6264

7.8

8.42

7.65

7.6

48

6802

8

9.01

7.85

7.8

60

7381

8.1

9.52

7.95

7.9







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