Frequently Asked Questions - Fixed Deposits

Yes, a maximum of 2 people can open a joint Deposit account payable to E or S (Either or Survivor).

For E or S deposits, the Deposit receipt can be discharged by anyone of the depositors on maturity.

However, all the Depositors` signatures are required for a Premature Payment or Loan against Deposits.

Yes, the below given specific categories of applicants will be eligible for additional rate of interest benefit.

1. Senior Citizen ( i.e persons more than 60 years of age ,subject to submission of proof of age) will get additional interest rate benefits upto 0.25% p.a. on Samruddhi deposits & 0.25% on Dhanvruddhi Deposits for investments upto Rs.50 Lakhs.

2. Employees / Employees’ relatives and Retired Employees / Employees’ relatives will get additional rate of 0.35% p.a. for Samruddhi deposits upto Rs. 50 lakhs. (All Mahindra Group Company Employees). Government approved proof documents to be furnished & Employee must be the second applicant).

ou can make your payments via cheque, debit card & RTGS/NEFT.

1. Log on to www.mahindrafinance.com to download the FD application or the same is available at our respective across the counters of MMFSL offices.

2. Kindly submit the dully filled & signed application form along with the investment cheque favouring “MMFSL – FIXED DEPOSITS” & KYC documents of all holders at our respective offices. One can also directly approach our respective Relationship Managers for immediate assistance.

3. If you are a new investor having CKYC no. Please mention the same in the application form.

Note*: The FD Receipt will be sent to your registered Email ID within 7 working days, subject to verification of your KYC documents & amount realization by the company.

While opening the fixed deposit, all the KYC documents to be furnished

1. Log on https://www.mahindrafinance.com/

2. OR Click on https://fixeddeposit.mahindrafinance.com/WA_FD_EP_LOGIN_5/

3. If you are a new investor having CKYC no. Please follow steps from Rapid Investment or select Regular Investment.

4. There you have to provide your details for investment, and upload KYC document for Ref.

5. Make the online payment, Once the transaction is complete you will get notification for the same on your registered email id.

Individuals, companies, HUFs, body of individuals, association of persons, registered trust/societies, sole proprietorships, partnership firms, clubs, LLP etc can invest in MMFSL fixed deposit scheme.

Note*: Mahindra & Mahindra Financial Services is not registered U/S 11(5) of income tax act, hence Charitable Trust may invest in Mahindra Finance FD at THEIR OWN RISK.