Fixed Deposit Interest Rates

Yes, you can get a monthly interest payout on the fixed deposit account. At Mahindra Finance, we offer all investors the most attractive fixed deposit interest rates in India. If you are a regular investor and choose to get a monthly interest payout, the current fixed deposit interest rate is 8.05%. And, if you are a senior citizen, the interest you receive is 0.25% more than the fd rate

If you choose a quarterly interest payout term, the interest rate for regular investors and senior citizens might differ. The fd interest rates in India are even higher with annual payout.

Calculating the fd interest rates online is quite easy. You can use the FD interest calculator. It is an excellent tool that lets you know the exact interest amount you earn from your investment for your chosen tenure. They also give you a clear picture of the total maturity value of the fixed deposit investment.

At Mahindra Finance, we encourage our existing and potential investors to use our fixed deposit calculator. To calculate the interest payout on your FD, you just have to enter a few basic details on the calculator like investment amount, investor type, interest payout term and investment duration. As soon you enter these details, the calculator shows you the result within seconds.

Mahindra Finance is one of the most reputed financial institutions offering high FD rates in India, known for offering the most attractive fd interest rates. At, Mahindra Finance, the current fixed deposit rates for a regular investor (not a senior citizen) goes up to 8.05%.

The latest fixed deposit rates offered by Mahindra Finance to senior citizens is 0.25% higher. You can get a higher interest rate on your FD if you opt for an annual interest payout.

A higher interest rate naturally means you get higher returns on your investment, and the maturity value increases accordingly.

At Mahindra Finance, we offer a higher interest rate to senior citizen investors.

The fd interest rates for Senior citizens is higher by 0.25%. The interest rate you get depends on the interest payout term you choose. You can get the highest interest on your FD investment if you choose an annual interest payout.

Higher fixed deposit interest rate means the maturity value of your investment at the end of the investment term will be higher.

Yes, the interest you get from your investment in a fixed deposit is fully taxable. The gains are added to your total income under the ‘income from other sources’ section, and you must furnish these details in your ITR (Income Tax Returns) while filing the returns. The interest is taxed as per the tax slab you fall under.

However, as an investor, you must know that FD is an invaluable investment in your portfolio. It is one of the safest investments in India as it gives you assured returns. Also, if you open an FD account with Mahindra Finance, you get high interest returns per annum.

As per Fixed Deposit interest rates in India, it is one of the safest investment options that is suitable for all as it offers guaranteed returns. You can open an FD account with as little as Rs. 5000 with Mahindra Finance. But, if you have a higher disposable income, you can invest more as per your needs and financial goals. With Mahindra Finance, the maximum limit is Rs. 25 crores.

The best thing about investing with Mahindra Finance is that you get a high fixed deposit interest rate in India up to 8.05%. You also have the flexibility to choose the interest payout term; you can choose to get the interest credited monthly, quarterly, half-yearly or annually.