Introduction
In this article I will be writing about the another fixed deposit scheme from the corporate. It is Mahindra Finance Fixed Deposit scheme. In my previous article I have written about the Tata Motors Fixed Deposit Scheme. Tata Motors is the first one to come up with this type of scheme, follwed by Mahindra Finance. I will write in this article more details about the scheme. After reading the article please post your feedback and comments in the comments section. You can subscribe to our log here.
Apply for Mahindra Finance Fixed Deposit (Get Free Financial Planning from TPI)
Mahindra Finance FD Scheme
Like in the Tata Motors fixed deposit scheme, here also there is two typs of schemes available. One is non-cumulative and another one is cumulative. In the next section we will look into the details of the interest rates provided by each plan.
You can apply to this scheme here.
Non Cumulative Half-Yearly Scheme
|
Minimum
Amount |
Period
(Months) |
Interest *#^
p.a. |
|
Rs. 25,000
|
12
|
10.25%
|
|
24
|
10.75%
|
|
|
36
|
11.25%
|
Cumulative Scheme
|
Minimum
Amount |
Period
(Months) |
Amount
Payable |
Interest*
p.a. |
Effective
Yield p. a. |
|
Rs. 10,000
|
12
|
Rs. 11,050
|
10.50%
|
10.50%
|
|
18
|
Rs. 11,670
|
10.75%
|
11.13%
|
|
|
24
|
Rs. 12,321
|
11.00%
|
11.61%
|
|
|
36
|
Rs. 13,862
|
11.50%
|
12.87%
|
Also Read:
Mahindra Finance Fixed Deposits
Summary
In this article we have learnt about the features in the Mahindra Finance Fixed deposit Scheme. It is good to see lot of options for customers like Tata Motors 
and Mahindra Finance to opt for the good rate of return. I would like to see many other companies also will offer the same kind of fixed deposit scheme to lure the customers. This is good change for the customers, since people always deposit in the banks, when bank reduces the rates this kind of offers will help them to find value for their savings. Thank you for reading this article. Please post your views in the comments section. I am happy to answer your queries.
October 26, 2009 at 2:50 am
Dear All,
For suggestion & investment in Mutual Funds,Insurance,FD & IPO.Kindly mail your query along with contact details on manishality@rediffmail.com
October 26, 2009 at 6:52 am
Hello Manish,
Thank you for sharing your site info with us.
Thanks,
Krishna
October 27, 2009 at 6:16 am
hello krishnas,
I had invested some money in mutual funds in 2007,when market was at 2000 sensex.Most of them are in negative.Same condition of market appears now.Do you have some more information?
October 27, 2009 at 6:37 am
Hello Paul,
I am seeing the good movements in mutual funds now. right time to invest in the mutual funds. I would suggest you to choose best performing SIP and invest. You will get the good returns.
Thanks,
Krishna
November 4, 2009 at 1:24 am
Is it reliable to invest in Company’s FD like Mahindra & Tata Motors. If i have decide for any one which should i prefer….
November 4, 2009 at 8:32 am
Hello SSr,
Yes. these two companies are doing good. Both Mahindra and Tata Motors are preferred option for the investment.
Thanks,
Krishna
November 6, 2009 at 7:47 am
hi sir article was very informative.
i want to know why indian corporates are coming with fix deposit schees when there is too much liquidity in market and loans are easily available.
November 6, 2009 at 8:13 am
Hello danish khan,
Thank you for the comments.
They have started this schemes when the interest rates are too high in the market and there is less liquidity.
http://www.thinkplaninvest.com/subscribe/
Thanks,
Krishna
November 10, 2009 at 9:59 pm
Hi I want to invest some money in FD.could u tell me which will be the best one to choose.
November 10, 2009 at 10:25 pm
Hello Balvinder,
You can choose either Tata Motors or Mahindra Finance.
Thanks,
Krishna
November 13, 2009 at 12:48 am
Dear All,
I recomamd you ICICI Home Finance FD with 8 % Rate of Interest for 5 yrs and 8.35% for Sr Citizen.
plz contact 9711808490
Vikrant
November 21, 2009 at 2:54 am
I need an invesment of Rs. 4.00.000/- in Mahindra or TATA Motors FD scheme . Please contact 94284 – 02702
November 26, 2009 at 10:05 pm
sir,
I am new investar, i want to invest Rs.25000 in Cumulative Scheme in FD ,what can i do.
November 30, 2009 at 11:03 pm
PL SEND PDF FORM
WHEN I DOWN
December 11, 2009 at 8:08 am
Hi
I want to invest INR 7000 pm for next one year. Please advice me.
December 16, 2009 at 12:37 am
we have all type of fixed deposite schemes like
Unitech 12%pa
Icici home Finance 8%pa
ETC
if anyone wants to invest they can conct me on 09830089339
December 28, 2009 at 12:46 am
I applied for a FD worth 3,00,000 INR via my ICICI Direct Link on 23rd Dec 09. Please get back on whether I am allocated the FD & by when should I expect Hard Copy of Fixed Deposit to reach my residence?
Also, by mistake I checked ‘no’ checkbox for tax. Can you please change it to ‘yes’ at your end (as I am a salaried person, I am eligible to pay tax on my Fixed Deposit Interest Amount).
December 28, 2009 at 1:11 am
Vidula Sanjay Dongre,
You have to contact the ICICI direct guys to change the details. I don’t have any rights to update your FD details.
Thanks,
Krishna
December 28, 2009 at 1:12 am
Rajib S Majumder,
You can choose any of the recurring deposit or post office savings.
Thanks,
Krishna
December 28, 2009 at 1:31 am
Hello Krishna,
Is it safe to invest into the non banking sectors,it would be great if you post a topic on BANK FD interest rates,which bank gives higher interest rates on FD?
December 28, 2009 at 3:47 am
Hello Sunil,
I have written many articles about the Fixed Deposit. As of now FD is not the good investment because the interest rates are very low.
Thanks,
Krishna
December 28, 2009 at 4:55 am
Dear sir,
i want to invest in fixed diposite for three year.
kindly sugess me.
December 28, 2009 at 4:55 am
Hello Krishna,
If one is retired where he should deposit the money?i think ICICI is giving more 8.25%
Is it safe to invest the money into the company fixed deposit,sir have you heard about PAN CLUB?
December 28, 2009 at 4:57 am
I want to deposit 20 lacs,where should i deposit?i want an monthly income…
January 10, 2010 at 10:36 pm
Hi I am planning to invest in Mhindra FD Scheme dose this savings come under the IT exemption?? please clarify me.
January 11, 2010 at 11:32 pm
Hello srikanth,
It is not coming under the IT exemption. For that you have to open the tax savings fixed deposit in the banks.
Thanks,
Krishna
January 11, 2010 at 11:37 pm
Hello sunil,
Are you interested in depositing mahindra finance? Please fill this form. I will contact you:
http://spreadsheets.google.com/embeddedform?key=trgyjLpbi_e-mV6Ld5EXwhg
Thanks,
Krishna
January 12, 2010 at 2:24 am
hi krishna,i hv 50k to invest in fd of private comp.fr 1 yr pls advice fr m&m or tata which & why?
January 12, 2010 at 3:40 am
Hello abhishek,
Tata Motors and Mahindra offering the same interest rates. Both the companies are goos and safe.
Thanks,
Krishna
January 12, 2010 at 3:56 am
Hi Krishna thanks for the info.
can you suggest me which bank offers highest returns for a Tax exemption FD’s
January 12, 2010 at 6:39 am
Hello Srikanth,
I have checked in the PNB’s website. They are offering 8%.
http://pnbindia.com/english_web/pnbtax_saver.htm
Thanks,
Krishna
January 12, 2010 at 5:38 am
Hello Srikanth,
Just I check with HDFC Bank. they offer 6%. The variation will be little. I don’t think any one will provide more than 7%.
Fixed Deposit is not profitable as of now.
http://www.hdfcbank.com/personal/accounts/fixed_deposits/5years_fix_deposit/5years_fix_saving_interest.htm
Thanks,
Krishna
January 12, 2010 at 5:41 am
Hello jagdsh rangwani,
Are you interested in mahindra finance?
Thanks,
Krishna
February 2, 2010 at 9:43 am
hello Krishna,
i want to invest 2-5 lacs in an FD and looking for 8-10% of ROI, can you please suggest whether i shld opt for TATA Motors or Mahindra Finance, would appreciate if you suggest few more options.
basically am more interested in the liquidity of FD, would like to invest where breaking FDs is possible before 3 years too.
February 2, 2010 at 7:38 pm
Hello Virendra,
Both Mahindra and Tata Motors doing good. If you are interested in go with Mahindra, I can help you to open the FD account.
Thanks,
Krishna
February 9, 2010 at 2:20 am
Sir, could u let me know that I want to Invest Rs, 20 lacs ,whre should I invest .in which plan
February 10, 2010 at 12:49 am
Hi Krishnas,
I am a NRI and wanted to invest around 2-3 lacs over next three months. Please suggest /give your recommendation.
With special reference to Mahindra, Can I invest even though I am out of India.
February 12, 2010 at 12:16 am
Pls provide latest FD Interest Rate along with various plan and also guide me how to fulfill the paper work for F.D. to ur company.
February 12, 2010 at 1:41 am
Hello Sir,
I would like to know if a person who is doing a biz of giving interest of 36% per annum and she has gathered crores of rupees from the givers (normal peoples),if she doesn’t file an IT returns and if someone complaint about the same to the IT officials then what are the consequences the person has to face?i mean any penalty charges etc on income above 50-1 crores?per annum
February 19, 2010 at 11:57 am
http://www.thinkplaninvest.com/2009/04/mahindra-finance-fixed-deposit-revised-rates-from-april-20-2009/
Mahindra Finance FD revised its rates from April 20, 2009. See above link. Is there any change in the rates as of this month? I am interested to know more as my bank FD is going to mature and want to diversify.
February 23, 2010 at 9:17 am
Hi,
I invested in Naik Ventures Ltd A public ltd company in Mumbai in monthly scheme i got my principal back as they closed the monthly scheme
As they could not sustain with high returns they returned the principal amount i invested kudossssssssss
Tuff to do this Thanks Mr. Naik
You are just to good business man keep the hard work going
March 2, 2010 at 6:21 am
your fd detil and benifit
April 8, 2010 at 3:33 am
Hi krishna,
I have started my own consulting,I am a MBA fresher,currently working as a Research Associate.
If anyone have anykind of query regarding investment,he/she can just drop a mail on my email id:- ankit.khatri888@gmail.com,but for that I will charge a small fee only if query is resolved.
Regards
Ankit
May 27, 2010 at 3:27 am
I would like to invest a sum of Rs 1.5 lakh in mahindra fixed deposit scheme. Please let me inform whether I have to pay income tax for that interest amount.
June 5, 2010 at 12:05 pm
Hi
pl. let mo kwoun what is the max risk,In case of nationalised bank it is very rare to lost the maney &ther is some amount of FD are secured in Bank.in Mah Fiance FD rate is OK but —is it maket dependent or is bond to pay the said rate of Interest.
Pl. tell the present FD rate as well.
June 21, 2010 at 10:04 pm
plz don’t go for this mahindra finance fixed deposit.. my FD matured a month back i am yet to get the cheque.. hell lot of problem with their linked in service center.. nobody knows the details.. they don’t understand the customer
June 29, 2010 at 7:17 am
We have invested Rs.40000/- in Mahindra & Mahindra Financial Services Limited by sending Demand Draft No.951460 dated 20.04.2010 of Bank of Baroda drawn on Service Branch, Mimbai & it’s application No.553934, but sorry to say that till today we do not received FDR. We want to know where the matter was stand? Moreover, I receive SMS on my Mobeli No.9227825921 on 28.06.2010for thanks.
June 29, 2010 at 7:22 am
We have invested Rs.40000/- in Mahindra & Mahindra Financial Services Limited by sending Demand Draft No.951460 dated 20.04.2010 of Bank of Baroda drawn on Service Branch, Mumbai & it’s application No.553934, but sorry to say that till today we do not received FDR. We want to know where the matter was stand? Moreover, I receive SMS on my Mobeli No.9227825921 on 28.06.2010for thanks.
We have invested money in the name of
Sharadkumar Chhotalal Desai
Nayana Sharadkumar Desai &
Nehali Sharadkumar Desai
June 29, 2010 at 7:26 am
They are worst then a govt office. When I enquired about my FDR, they informed me that they takes 6 weeks to send the FDR. I have invested Rs46000/.
July 11, 2010 at 5:03 am
i would like to invest
August 2, 2010 at 9:27 pm
Hi sir,
i want to invest in mahindra & mahindra FD scheme for 36months pl. advice me. my mobile No.9969420458
Mrs. Sharma
August 11, 2010 at 6:55 am
i want to invest in mahindra F.D.
Could you tell be address where we can do this.
August 11, 2010 at 6:58 am
i want to invest Rs 50k in Pvt Sector F.D.
Kindly suggest the address and contact no of the concerned Company.
You rang me on 9000507172
September 2, 2010 at 11:41 am
I want to FD up to 5 Lakhs, For 3 to 5 year period, looking for ROI 8 % with no risk. Please tell me where i invest ?
Email:- amolthute@sify.com
Mobile:- 9823794989
September 3, 2010 at 1:15 am
Hi,
Am working with mahindra finance,investment advisory services .anybody interested in doing Fixed deposit with mahindra finance can reach me on 09124440514
September 3, 2010 at 1:29 am
dear dhirendra,
i can help you out if you are interested in Mahindra finance FD.