Mahindra & Mahindra Finance Serv. LTD

 

FD Issuer: Mahindra & Mahindra Finance Serv. LTD
Interest rates effective date:  Oct 2016

For Cumulative Deposit

Period available Interest Payment Frequencies Interest Rates

(Annually)

Cummulative Yield (%) p.a Minimum Investment Amount
12 months Annually 7.90 7.90 10,000
18 months Annually 8.00 8.21 10,000
24months Annually 8.00 8.32 10,000
36months Annually 8.05 8.72 10,000
48months Annually 8.05 9.08 10,000
60 months Annually 8.05 9.45 10,000
*0.25% additional interest for Senior citizen
For Non-Cumulative Deposits

Period available Interest Payment Frequencies Interest Rates Minimum Investment Amount
12 months Q / H Q(7.65%)

H(7.75%)

Q(Rs.50,000)

H(Rs.25,000)

24 months Q / H Q(7.75%)

H(7.85%)

Q(Rs.50,000)

H(Rs.25,000)

36months – 60 months Q / H Q(7.80%)

H(7.90%)

Q(Rs.50,000)

H(Rs.25,000)

*0.25% additional interest for Senior citizen

Cheque/DD in favour of: “ MMFSL – Fixed Deposit  “ payable at all Banking Locations.
Documents required:

1 Application form sign

2 Copy of PAN card

3 Cheque in favour of

4 Address Proof

5 Photo

  • Q/H = Quarterly / Half Yearly

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