login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
|

Cancellation policy

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

1. The fund for investment should be received from the first holder account/joint account.

2. In case the funds are received from a third party, upon identifying the source of funds the refund will be processed in the same bank account on or before 7 working days without interest.

3. If the KYC documents are incomplete, the forms will be rejected, and the amount will be returned within 30 days without interest

4. Company reserves the rights:

i) To waive or vary the terms & conditions.

ii) To reject any application for a fresh Deposit or for renewal without assigning any reason

iii) To repay the deposit prematurely before the due date.
Acceptance, renewal, and repayment of fixed deposit shall be subject to the Non–Banking Financial Companies Acceptance of Public Deposit (Reserve Bank) Direction, 1998, as mentioned from time to time.

Related articles

What-to-Do-If-You-Miss-a-Car-Loan-Payment

What To Do If You Miss A Car Loan Payment?

Introduction Owning a car is a dream for many, and car loans have made it possible for people to afford their dream cars by spreading the cost over an extended period. However, life is full of uncerta...

KNOW MORE

July 5, 2024

Fixed Deposit Updates in 2019

limit on FDs. This was a proposal by the Ministry of Finance, which has appealed to all the citizens of the country. In case of FDs, the interest earned up to an amount of INR 40,000 will be exempt fr...

KNOW MORE

June 30, 2023

Online vs Offline Fixed Deposit: Making The Right Choice

When it comes to investing your hard-earned money, fixed deposits (FDs) are a popular choice among Indians. They offer a safe and secure way to grow your savings while providing steady returns. Howeve...

KNOW MORE

March 4, 2024