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

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

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

Benefits of an SME Loan

Small businesses require funding at various stages – while getting off the ground, managing operations, maintaining inventory, upgrading equipment, and even recovering from losses. When running a Sm...

KNOW MORE

June 29, 2023

Good-debt-vs-bad-debt-What-the-difference

Good Debt Vs Bad Debt: What’s The Difference?

Introduction Debt is a part of many people’s lives, whether it’s taking out a loan for higher education, buying a home, or starting a business. But not all debts are created equal. Some de...

KNOW MORE

July 5, 2024

How-To-Apply-For-A-Car-Loan-For-Grand-Vitara

How To Apply For A Car Loan For Grand Vitara

If you’ve been eyeing the Maruti Grand Vitara and dreaming of owning this stylish SUV, you’re not alone. With its impressive Grand Vitara NCAP rating, spacious interiors, hybrid powertrain...

KNOW MORE

June 19, 2024