Saturday, 21 Jul 2018

Mahindra Finance Fixed Deposit

201305Aug

Have become the most recommended banking instruments for financial savings. MMFSL’s new Fixed Deposit scheme assures you of highly competitive interest rates with this low-risk investment.

Features & Benefits:

  • The MMFSL Fixed deposit is given the Crisil rating FAAA which indicates a high level of safety
  • Cumulative as well as non cumulative options are available as per the convenience of the depositor
  • Senior Citizens/ Employees will get an additional rate of 0.25% per annum

 Non-Cumulative Scheme

 

Period (Months) Interest p.a.*#/(Half Yearly) Interest p.a.*#/(Quarterly)
12 9.00% 8.90%
24 9.75% 9.65%
36 10.00% 9.90%
48, 60 9.50% 9.40%
Minimum Amount Rs. 25,000+ Rs. 50,000+

Cumulative Scheme

Minimum Amount: Rs. 10,000+

Period (Months) Interest */p.a. Effective Yield p.a.**
12 9.25% 9.25%
18 9.75% 10.07%
24 10.00% 10.50%
36 10.25% 11.34%
48 9.75% 11.27%
60 9.75% 11.85%

Note:

  • + Additional amount will be accepted in multiples of Rs. 1,000/-
  • # Interest payment Half Yearly on 30th September and 31st March only through NECS/NEFT
  • Interest Payment Quarterly on 30th June, 30th September, 31st December and 31st March only through NECS/NEFT
  • ** Compounded annually
  • * Senior Citizens will get an additional rate of 0.25% per annum/Employees will get an additional rate of 0.35% per annum (all M & M Group Company Employees)

 

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