One of the investments that offer a guaranteed return with the least volatility is a fixed deposit. Even in times when the stock markets experience a drastic downfall, fixed deposits ensure that its investors are guaranteed a fixed amount on maturity. Apart from the usual convention of banks, non-banking financial companies (NBFCs) too offer fixed deposit. Although the fixed deposits offered by the corporates and NBFCs have a higher risk, they are preferred over those provided by banks as they have a higher rate of interest.
Mahindra & Mahindra Financial Services Limited (popularly known as Mahindra Finance) is a Rural NBFC located in Mumbai. They have a varied range of financial products to cater to different types of customers. As they quote fixed deposit #EvergreenHai, it is right in the times of economic slowdown and crumbling stock markets scenario making FD’s the most reliable and trustworthy investment avenue. Mahindra Finance Fixed Deposit has the highest safety rating of FAAA as provided by CRISIL. The FD interest rates for senior citizens are offered at 0.25% more under the Samruddhi scheme and 0.20% under the Dhanvruddhi scheme.
Both schemes are available under a cumulative as well as non-cumulative option. The minimum amount of investment under a cumulative option is as low as Rs 5,000. For the non-cumulative scheme, it starts from Rs.25,000 half-yearly and Rs.50,000 quarterly.
Dhanvruddhi scheme is an online-only scheme having minimum investment starting from Rs 5,000 (cumulative option) with the maximum up to Rs 99 lakhs. Minors are also eligible to deposit under this scheme.
Samruddhi scheme, on the other hand, is in offline mode. Depositors can visit the branch to fill physical forms for investing in the scheme. All employees of Mahindra Group and their relatives are awarded an additional interest rate of 0.35%
Here is how you can invest in Mahindra Finance FD online-
Head over to Mahindra Finance website and provide necessary KYC details like name, date of birth, contact number, email address, and select the amount you would like to invest in fixed deposit.
On confirming your details, select an appropriate payment option.
Upload the necessary KYC documents as required.
The following documents form part of the eligible address proofs-
Passport, Driving license, Permanent Account Number (PAN) Card, Voter’s Identity Card issued by Election Commission of India and letter issued by the Unique Identification Authority of India (UIDAI) containing details of name, address and Aadhaar number or any other document as notified by the government from time to time.
With the ease of investing in Mahindra Finance FD, you can get the best returns without assuming risk to your investments. Ensure you get the best returns from investment in Mahindra Finance Fixed Deposit, helping you to attain your financial goals.