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Jan 1, 2017

Mahindra Finance -Fixed Deposit - January 2017

Mahindra Finance Fixed Deposit Interest rate is revised for  Fresh/ Renewal deposits w.e.f 16th  January  2017 as  mentioned below:

 

Cumulative  Scheme

 

Non Cumulative Scheme

Minimum Amount

Period         (Months)

Amount Payable (Rs.)

Interest  p.a.*/‡

Effective Yield p.a.**

Period  (Months)

Interest p.a.*#/‡ (Half yearly)

Interest p.a. *#/‡ (Quarterly)

Rs.5000/-

12

5375

7.50%

7.50%

12

7.35%

7.30%

18

5577

7.50%

7.69%

24

7.35%

7.30%

24

5778

7.50%

7.78%

36

7.40%

7.35%

36

6220

7.55%

8.13%

48

7.40%

7.35%

48

6690

7.55%

8.45%

60

7.40%

7.35%

60

7195

7.55%

8.78%

Min. Amount

Rs.25000/-

Rs.50000/-

 

 

The last date of acceptance of the FD investment applications with current rate of interest at our across the counter centers will be 9th January 2017. 

 

Fresh FD investment applications will be accepted from 16th January 2017 onwards with revised rates. Please find the interest rate declaration  form  to be attached along with the applications submitted from 16th  January  2017,incase if the applications rates differ from above rates.

 

Incase  if the  investor is not able to  sign on this form , they can  sign on the top of application ,stating  "Accepting  the  interest  rate as per the prevailing rate" .


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