Mahindra Finance’s Fixed Deposit scheme for senior citizens – Embark on a secure financial journey tailored for your golden years. Senior citizens receive up to 8.30% interest rate. Our commitment to ensuring a tranquil retirement is fortified by offering additional interest rates on your fixed deposits.
With assured returns and flexible tenure options, ease of access, hassle-free, and the absence of market risk make fixed deposits an attractive option for senior citizens seeking a reliable and low-risk investment to preserve and grow their savings.
Awarded the status of “IND AAA/Stable” by India Ratings and “CRISIL AAA/Stable” by CRISIL Ratings, which indicate highest safety of our fixed deposits.
FD interest rates for Senior citizens receive up to 8.30% p.a. Senior Citizen (i.e., persons more than 60 years of age, subject to submission of proof of age) will get additional fd interest rate benefits up to 0.25% p.a. on Samruddhi deposits & 0.25% on Dhanvruddhi Deposits for investments up to Rs.50 Lakhs.
At Mahindra Finance, we understand the importance of financial stability during retirement, and our senior citizen fixed deposit scheme aims to provide a reliable avenue for secure investments. Experience the assurance of steady growth with competitive interest rates, as we strive to empower your retirement dreams with financial confidence and peace of mind.
Table for your reference:
| Invested Amount | Tenure Period | Interest P.a. (yearly) for senior citizens* | Interest earned | Maturity Value |
|---|---|---|---|---|
| 5000 | 2 years | 8% | 800 | 5,800 |
| 50,000 | 3 years | 8.30% | 12,451 | 62,450 |
| 5,00,000 | 4 years | 8.30% | 1,66,001 | 6,66,000 |
| 10,00,000 | 5 years | 8.30% | 4,15,001 | 14,15,000 |
*subject to the type of FD scheme you want to invest in
Fixed Deposit for senior citizen is a highly popular investment choice and Mahindra Finance has made the process of opening an online senior citizen FD simple and straightforward. You can request a call for support at any point during the application.
Individuals aged 60 years and above with proper documentation, can open senior citizen fixed deposit account and avail of additional senior citizen Fixed Deposit rates offered by Mahindra Finance.
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