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
|

What is the minimum amount for investing in a fixed deposit?

mahindra-finance-author

by Mahindra Finance

|

December 22, 2023

|

1 mins read

The minimum amount that you can invest in a fixed deposit account varies from one financial institution to another. At Mahindra Finance, we accept investors to open a FD account with an amount as small as Rs. 5000.

You have the flexibility to invest any amount as you want up to Rs. 5 crore. Also, you have the freedom to choose the investment tenure; the maximum period is five years, after which you can renew the account and continue growing your savings.

The most significant benefit of FD is that it carries zero risk and gives you assured returns, allowing you to plan your finances better.

Related articles

Factors That Influence Fixed Deposit Interest Rates

When it comes to investing your hard-earned money, Fixed Deposits (FDs) are a popular choice among Indians. FDs offer the security of guaranteed returns over a fixed tenure, making them an attractive ...

KNOW MORE

February 23, 2024

What Is Form 15G For FD? Learn To Save TDS On FD Interest Income

Are you a fixed deposit (FD) holder? If so, you may have heard about Form 15G and its role in saving you from the hassle of Tax Deducted at Source (TDS) on your FD interest income. But what exactly is...

KNOW MORE

March 1, 2024

4 Critical Key Business Metrics You Should Consider As A Business Owner

Running a successful business requires more than just hard work and determination. It requires a deep understanding of your business’s performance and the ability to identify areas for improveme...

KNOW MORE

April 10, 2024