Do senior citizens get any extra benefit on fixed deposit?

Yes, senior citizens get an additional benefit on fixed deposits in terms of higher interest rate than the interest offered to regular investors. At Mahindra Finance, we offer up to 0.25% more interest rate on FD to senior citizens than others. The high interest rate allows you to grow your savings faster and secure your future.

Apart from high interest, senior citizens investing in the FD scheme can avail of other benefits like flexibility to choose the investment tenure, investment amount, and interest payout term. You can also calculate senior citizen interest rate with the help of our FD calculator.