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.
| 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 |
| 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 |
|
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 |
|
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.
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 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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| 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 |
|
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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