Mahindra & Mahindra Financial Services Ltd. (FAAA by CRISIL)

Company Overview :

  • MMFSL is a subsidiary of Mahindra and Mahindra Ltd (M&M). The company is one of India’s leading non-bank finance companies focused on the rural and semi-urban sector
  • The company provides employment to over 16,000 people in over 1000+ branches across India and is currently servicing over 3 million customers

Unique features of investing through ICICIdirect.com :

  • E-FDR : Electronic certificate for your investment
  • Online Nomination : No need to fill or send physical nomination form
  • Online Renewal : Renewals can be done online without paper work
  • Auto Credit : Direct credit of interest and maturity proceeds in the registered bank a/c

Who can invest?

  • Online : Resident Individuals & HUFs
  • Offline : Resident Individuals, HUFs, Trusts, Domestic Companies, NRIs, Minor

Mahindra Finance FD interest rates (w.ef. October 24, 2018)

Tenure Non - Cumulative Scheme Cumulative Scheme
Period Quarterly (p.a.) Half Yearly (p.a) Interest (p.a.) Effective Yield (p.a.) Approx. maturity value for ` 5 Lacs*
Special Scheme
38 8.65% 8.70% 8.85% 9.73% 654,024
44 8.65% 8.70% 8.85% 9.95% 682,351
Normal Scheme
12 7.90% 7.95% 8.10% 8.10% ` 540,500
18 7.90% 7.95% 8.10% 8.26% ` 561,964
24 8.30% 8.35% 8.50% 8.86% ` 588,613
36 8.60% 8.65% 8.80% 9.60% `643,957
48 8.60% 8.65% 8.80% 10.03% `700,625
60 8.60% 8.65% 8.80% 10.49% ` 762,280
Min Amt ` 50,000/- ` 25,000/- ` 10,000/-

Sr. Citizen will get 0.25% p.a. additional interest across all schemes.

* Maturity value is indicative, pretax and is for illustration purpose only.

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