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Sep 28, 2011

Mahindra and Mahindra Financial Services - Fixed Deposits - September 2011

Mahindra and Mahindra Financial Services Limited is one of India's leading non-banking finance companies. Through a vast network of branches, we provide personalised finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector

Fixed Deposit

In these times of uncertain returns, fixed deposits 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.
  • 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
Period
(Months)
Interest p.a.*#
(Half Yearly)
Interest p.a.*#
(Quarterly)
129.25%9.15%
2410.00%9.90%
3610.25%10.15%
48, 609.75%9.65%
Minimum
Amount
Rs. 25,000Rs. 50,000
Cumulative Scheme:
Minimum
Amount
Period
(Months)
Amount
Payable(Rs.)
Interest *
p.a.
Effective
Yield p. a.**
Rs. 10,000@1210,9509.50%9.50%
1811,55010.00%10.33%
2412,15510.25%10.78%
3613,49210.50%11.64%
4814,64110.00%11.60%
6016,10510.00%12.21%

 Note: Applicable from 12th September, 2011
@ Additional amount will be accepted in multiples of Rs. 1,000/-
# Interest payment half yearly on 30th September and 31st March only through ECS/NECS/NEFT.
Interest Payment Quarterly on 30th June, 30th September, 31st December and 31st March only through ECS/NECS/NEFT
** Compounded Annually
* Senior Citizens/ Employees will get an additional rate of 0.25% per annum

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