Mahindra Finance Fixed deposit Scheme

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

Features and Benefits of Mahindra Finance Fixed deposit Scheme:

  • 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
  • Applicable from  September 12, 2011
Non Cumulative Scheme – Mahindra Finance Fixed deposit
Period (Months)
Interest Rate 
Half YearlyQuarterly
48, 609.75%9.65%
Minimum AmountRs. 25,000Rs. 50,000
  • 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
Cumulative Scheme – Mahindra Finance Fixed deposit
Period (Months)Amount Payable(Rs.)Interest (p.a.)Effective Yield (p.a.)
  •  Minimum Amount for investment – Rs 10,000
  •  Additional amount will be accepted in multiples of Rs. 1,000
Managers & Brokers to the Scheme:

  1. Bajaj Capital Ltd
  2. HDFC Securities Ltd
  3. ICICI Securities Ltd
  4. Integrated Enterprises (India) Ltd
  5. J M Financial Services Pvt Ltd
  6. Karvy Stock Broking Ltd
  7. Kotak Securities
  8. R R Investors Capital Services Pvt Ltd
  9. Stock Holding Corporation of India Ltd
  10. Tata Capital Ltd

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1 thought on “Mahindra Finance Fixed deposit Scheme”

  1. I would like to know
    1) whether deposit under Public deposit scheme can be made through a/c. payee cheque
    2) if so, drawee’s details such as name of the drawee etc.
    3) Office of Mahindra and Mahindra Financial services Pvt. Ltd. Office in Hyderabad to which
    the deposit amount/cheque may be submitted under proper acknowledgement.

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