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. August 24, 2020)

Tenure (Months) Non - Cumulative Scheme Cumulative Scheme
Period Monthly (p.a.) Quarterly (p.a.) Half yearly (p.a.) Yearly (p.a) Interest (p.a.) Effective Yield (p.a.)
12 5.15% 5.50% 5.60% 5.70% 5.70% 5.70%
15 5.25% 5.60% 5.70% 5.80% 5.80% 5.87%
18 5.45% 5.80% 5.90% 6.00% 6.00% 6.12%
20 5.55% 5.90% 6.00% 6.10% 6.10% 6.25%
24 5.65% 6.00% 6.10% 6.20% 6.20% 6.39%
27 5.65% 6.00% 6.10% 6.20% 6.20% 6.46%
30 5.65% 6.00% 6.10% 6.20% 6.20% 6.51%
33 5.65% 6.00% 6.10% 6.20% 6.20% 6.55%
36 5.75% 6.10% 6.20% 6.30% 6.30% 6.71%
38 5.75% 6.10% 6.20% 6.30% 6.30% 6.75%
40 5.75% 6.10% 6.20% 6.30% 6.30% 6.79%
44 5.90% 6.25% 6.35% 6.45% 6.45% 7.04%
48 5.90% 6.25% 6.35% 6.45% 6.45% 7.10%
60 5.90% 6.25% 6.35% 6.45% 6.45% 7.34%
Min Amt ` 25,000/- ` 50,000/- ` 10,000/-

Note: The above interest rates are applicable for interest rates upto 1 cr only.

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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