Mahindra Finance Ltd FD Interest Rates

Explore Guaranteed Return Plans

The guaranteed return plans have the advantage of both guaranteed returns and life insurance cover. The plans are perfect when the investors are more interested in protecting their capital rather than taking a risky investment, since the returns are not exposed to market fluctuations.

What is the Mahindra Finance Ltd Fixed Deposit?

A Mahindra Finance Ltd Fixed Deposit is a kind of term deposit in which you can deposit a lump sum amount and earn a fixed rate of return on it. It is viewed as a secure investment choice with a set interest rate that is independent of the market. It provides different schemes at competitive interest rates and extra benefits to senior citizens and Mahindra Group employees. The safety ratings that support the deposit include AAA/Stable of India Ratings, CRISIL AAA/Stable, and IND AAA/Stable.

Comparing FDs with Other Options

Fixed deposits stand out as a secure and reliable investment option. Unlike market-linked options such as mutual funds or stocks, FDs offer guaranteed returns and are not impacted by market volatility. They are also a safer alternative to a regular savings account, providing a significantly higher interest rate and capital protection through DICGC insurance.

Mahindra Finance Ltd Fixed Deposit: Key Highlights

Mahindra Finance Ltd Interest Rates Updates

The Mahindra Finance LTD bank has revised its FD interest rates in the month of June, 2025 an additional of 0.10% to 0.35% for its senior citizens, depending upon the scheme.

Mahindra Finance Fixed Deposit Rates 2026

Dhanvruddhi Cumulative Scheme up to 5 crore

*Mahindra Finance Ltd FD interest rates w.e.f. June 25, 2025. An additional 0.10% interest rate for senior citizens under the Dhanvruddhi Scheme

Bulk Deposit Above Rs 5 Crore

*Mahindra Finance Ltd FD interest rates w.e.f. June 25, 2025 *No additional interest rates for senior citizens

Types of Mahindra Finance Ltd Fixed Deposit

1. Samruddhi Scheme

   The Samruddhi Scheme is a flexible option that allows investors to open a fixed deposit either online or physically at a branch. This scheme offers both cumulative and non-cumulative deposit options, giving you control over how you receive your interest.

   • Application Process - Online and Offline
   • Special Rates for the Mahindra Group - 0.35%
   • Higher Senior Citizen Rate - up to 0.25% (60 years and above)
   • Interest Payout Option - monthly, quarterly, half-yearly, or annual basis

2. Dhanvruddhi Scheme Benefits

   The Dhanvruddhi Scheme is a digital-first offering, available exclusively for online investments. Similar to the Samruddhi scheme, it also provides both cumulative and non-cumulative options. It is generally targeted towards new, resident Indian investors.

   • Digital-First Approach - Available through the Mahindra Finance Website
   • Lower Senior Citizen Rate - up to 10% extra
   • Employee Benefits - Not Applicable
   • Cumulative Deposits - periodic interest payouts

Characteristics of Mahindra Finance Fixed Deposit

Mahindra Finance Fixed Deposits are a reliable and secure investment option, offering a compelling blend of safety, competitive returns, and user-friendly features.

1. Highest Safety Rating:

   Your investment is backed by top-tier credit ratings, including "CRISIL AAA/Stable" and "IND AAA/Stable" from India Ratings. This signifies the highest degree of safety for your principal and guaranteed returns.

2. Attractive Returns:

   Mahindra Finance offers some of the most competitive interest rates in the market, helping your money grow faster and build a substantial corpus.

3. Special Interest Rates:

   Additional interest benefits are available for specific categories of investors, including senior citizens and Mahindra Group employees. This makes it an even more rewarding option for these groups.

4. Fully Digital Services:

   The entire process of opening a fixed deposit is fully digital, allowing you to open an account quickly and easily from the comfort of your home.

5. Minimal Paperwork:

   The simplified online application process requires minimal documentation, helping you avoid the hassle of complicated paperwork.

6. Variety of Schemes:

   You have the flexibility to choose from a variety of FD schemes, including Samruddhi and Dhanvruddhi, to best suit your investment needs.

7. Customizable Features:

   You can customise your investment by choosing the amount you want to invest, the tenure of the deposit, and the frequency of your interest payouts (monthly, quarterly, half-yearly, or annually).

8. Loan Against FD:

   In a financial emergency, you can avail a loan against FD of up to 75% of your deposit amount, offering a convenient source of liquidity without prematurely breaking your FD.

How to Open a Mahindra Finance Ltd FD

A Mahindra Finance Fixed Deposit is a secure way to grow your savings with assured, high returns. It offers a straightforward investment process with options for both online and offline account opening.

1. Online FD Account Opening

   You can open a Mahindra Finance FD account completely online, a quick and hassle-free process that can be completed in minutes.

   • Visit the Website: Go to the official Mahindra Finance website and then the "Fixed Deposits" section.
   • Fill the Online Form: Provide basic details like your name, date of birth, and contact information.
   • Select FD Scheme: Choose your preferred scheme, amount, tenure, and the interest payout frequency.
   • Verify KYC: The platform will use your PAN and other details for KYC verification.
   • Make Payment: Transfer the FD amount directly from your bank account
   • FD Receipt: An e-TDR will be issued and sent to your registered email ID

2. Offline FD Account Opening

   If you prefer a traditional approach, you can visit a Mahindra Finance branch or collection centre to open your FD.

   • Download the Form: Download the FD application form from the Mahindra Finance website, or collect it.
   • Fill and Submit: Fill out the form with all necessary details, your personal information, chosen scheme, and investment preferences.
   • Attach Documents: Submit the duly filled form along with documents and a cancelled cheque.
   • Deposit the Amount: Deposit the FD amount through a cheque or Demand Draft in favour of "MMFSL-FIXED DEPOSITS."
   • Receive FD Receipt: You will receive a physical Fixed Deposit Receipt as confirmation.

Eligibility Criteria

The following are the eligible people to open an FD under Mahindra Finance LTD.

• Resident Indian citizens
• NRIs (Non-resident Indians)
• Charitable Trust
• HUF (Hindu Undivided Family)
• Companies
• Family Trust
• Sole Proprietorship
• Partnership Firms
• Clubs
• Association Societies
• Trusts and Foundations

Conclusion

Mahindra Finance fixed deposit rates are considered fair and better than the rates provided by other fund houses. The fund house started on 1 January 1991 and was named Maxi Motors Financial Services Limited. The fund house changed its name a year later, in 1992, and was renamed Mahindra & Mahindra Financial Services Limited.