Mahindra Finance FD Interest Rates

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 fixed interest rate that is independent of market conditions. It offers various schemes at competitive interest rates, along with additional benefits for senior citizens and Mahindra Group employees. Before investing, it is essential to check the applicable FD interest rates for different tenures and schemes, including specialised perks for senior citizens.

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 March, 2026, by an additional 0.10% to 0.35% for senior citizens, depending on the scheme.

Mahindra Finance Fixed Deposit Rates 2026

Dhanvruddhi Cumulative Scheme up to 5 crore

*Mahindra Finance Ltd FD interest rates w.e.f.18th March 2026. An additional 0.20% interest rate for senior citizens under the Dhanvruddhi Scheme.

Bulk Deposit Above Rs 5 Crore

*Mahindra Finance FD interest rates w.e.f. 18th March 2026. *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 - addtional 0.35% (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. Like the Samruddhi scheme, it also offers both cumulative and non-cumulative options. It is generally targeted towards new, resident Indian investors.

   • Digital-First Approach - Available through the Mahindra Finance Website
   • Additional Senior Citizen Rate - 0.20% p.a.
   • 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:

   Mahindra Finance senior citizens FD rates offer an additional 0.35% p.a. over standard returns for Samruddhi deposits. Similarly, Mahindra Group employees and their relatives are eligible for these specialised interest rates.

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 can 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 Mahindra Finance 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, then select 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 eligible to open an FD with 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 offers competitive FD interest rates up to 7.00% p.a. for general and 7.20% p.a. for senior citizens. A significant advantage for investors is the Mahindra Finance FD premature withdrawal facility, which provides a critical liquidity cushion by allowing access to funds before maturity, subject to applicable terms and conditions.