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Mahindra Finance FD Interest Rates (p.a.) Highlights |
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| Highest slab rate | 8.10% (for 36 & 60 months) |
| For 1 year | 7.50% |
| For 2 years | 7.80% |
| For 3 years | 8.10% |
| For 4 years | 8.05% |
| For 5 years | 8.10% |
The interest rates are updated as of 25 June 2025
Mahindra Finance FD Rates
Fixed Deposit Interest Rates on Domestic deposits of up to Rs 5 crore w.e.f. 25 June 2025
Samruddhi Cumulative Scheme
| Tenure (in months) | Interest Rate (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 12 | 6.60 | 6.85 |
| 24 | 7.00 | 7.25 |
| 36 | 7.00 | 7.25 |
| 48 | 7.00 | 7.25 |
| 60 | 7.00 | 7.25 |
Dhanvruddhi Cumulative Scheme (Online mode)
| Tenure (in months) | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 15 | 6.75 | 6.85 |
| 30 | 7.00 | 7.10 |
| 42 | 7.00 | 7.10 |
Types of Mahindra Finance FD Schemes
- Dhanvruddhi Scheme (for both cumulative & non-cumulative deposits) wherein deposits can be opened through online mode only
- Samruddhi Scheme (for both cumulative & non-cumulative deposits) wherein FD can be opened through physical and online mode
Features of Mahindra Finance FD
- Minimum deposit amount: Rs 5,000
- Depositors can either opt for monthly, half-yearly, quarterly or yearly interest pay-out options under non-cumulative scheme
- Depositor also have the option of receiving interest pay-out at maturity
- Cumulative deposits are compounded annually
- This NBFC offers an additional 0.25% p.a. interest rate to senior citizen FD depositors for Samruddhi Fixed Deposits and a 0.10% p.a. additional rate for Dhanvruddhi Deposits.
- Auto renewal facility is available
Loan Against Fixed Deposit
- Depositor can avail loan against 75% of the deposit amount
- The interest rate charged would be 2% p.a. above the FD interest rate and any other charges as applicable on deposits
- FD should have run for a minimum tenure of 3 months
- Minimum FD amount: Rs 5,000
- The repayment mode is a one-time payment or is adjusted against the maturity
- Depositors can avail loans online by logging in to the Mahindra Finance FD Customer Portal.
Premature Withdrawal of Fixed Deposits
- Fixed deposit cannot be prematurely withdrawn for 3 months from the date of deposit
- In case FD is pre-closed between 3 months to 6 months from the date of FD opening, only the principal amount will be paid. No interest will be credited to the savings/current account of the depositor
- If a fixed deposit is pre-closed after 6 months but before maturity, the interest rate is 2% lower than the applicable interest rate. The applicable interest rate is for the tenure for which FD has run, or if no rate is specified, then interest payable will be 3% lower than the minimum rate at which the public deposits are accepted by the company