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
|

Why Choose Fixed Deposit with Mahindra Finance?

mahindra-finance-author

by Mahindra Finance

|

December 22, 2023

|

1 mins read

Here are a few benefits of choosing fixed deposit with Mahindra Finance:

  • Guaranteed returns: FDs are considered safer than shares or mutual funds, with credit ratings by agencies like India Ratings & Research ensuring the security of invested funds.
  • Higher Interest Rates: Mahindra Finance offers higher interest rates of up to 8.10% and 0.25% additional interest rates for senior citizens.
  • Low Minimum Investment: These FDs allow investments as low as INR 5,000, providing accessibility to a wide range of investors.
  • Flexibility: Investors can choose between cumulative and non-cumulative options, with the latter offering regular interest payments. Premature withdrawal is possible, subject to RBI rules.
  • Loan Facility: FDs allow individuals to avail loans against their deposits, up to 75% of the deposit amount, after three months, with affordable interest rates.
  • Tax Savings: There are tax-saving FDs that offer tax benefits, with investments up to INR 1.5 lakh under Section 80C, provided the deposit is held for a minimum of five years.

Related articles

Differences-Between-Gold-And-Fixed-Deposit

Gold Vs FD : What Are The Differences

Investing wisely is essential to achieve financial stability and growth. When it comes to investment choices, gold vs FD (fixed deposit) are two popular options that cater to different financial objec...

KNOW MORE

July 2, 2024

Flexi Fixed Deposit – Features & Benefits Of Flexible FD

Introduction Are you looking for an investment option that offers the perfect balance between high returns and liquidity? Look no further than a Flexi Fixed Deposit (FD). In this article, we will expl...

KNOW MORE

May 13, 2024

The impact of MSME loans in India

In today’s rapidly changing economy, Micro, Small, and Medium Enterprises (MSMEs) hold immense importance as the backbone of India’s economy. These enterprises not only generate employment...

KNOW MORE

April 10, 2024