Features and Benefits of Mahindra Finance Fixed deposit Scheme:
| Non Cumulative Scheme – Mahindra Finance Fixed deposit | ||
| Period (Months) |
Interest Rate | |
| Half Yearly | Quarterly | |
| 12 | 9.25% | 9.15% |
| 24 | 10.00% | 9.90% |
| 36 | 10.25% | 10.15% |
| 48, 60 | 9.75% | 9.65% |
| Minimum Amount | Rs. 25,000 | Rs. 50,000 |
| Cumulative Scheme – Mahindra Finance Fixed deposit | |||
| Period (Months) | Amount Payable(Rs.) | Interest (p.a.) | Effective Yield (p.a.) |
| 12 | 10,950 | 9.50% | 9.50% |
| 18 | 11,550 | 10.00% | 10.33% |
| 24 | 12,155 | 10.25% | 10.78% |
| 36 | 13,492 | 10.50% | 11.64% |
| 48 | 14,641 | 10.00% | 11.60% |
| 60 | 16,105 | 10.00% | 12.21% |
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View Comments
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.