Mahindra Finance Fixed Deposit Revised Rates from April 20, 2009
Mahindra Finance fixed deposit is one of the popular corporate fixed deposit schemes. they offered very good interest rates for the investors, from April 20, 2009 they are planning for reduce the fixed deposit interest rates. The revised rates are in the below table:
Cumulative
Duration Interest Rate
12 months 9.00% 9%
18 months 9.25% 9.25%
24 months 9.50% 9.5%
36 months 10.00% 10%
Non cumulative
Duration Interest Rate
12 months 8.75% 8.75%
24 months 9.25% 9.25%
36 months 9.75% 9.75%
Update : Interest Rates as on Aug 20,2009
| Non Cumulative Half-Yearly Scheme: |
|
Minimum
Amount
|
Period
(Months)
|
Interest *#
p.a.
|
|
Rs. 25,000
|
12
|
7.75%
|
|
24
|
8.25%
|
|
36
|
8.75%
|
|
|
| Cumulative Scheme: |
|
Minimum
Amount
|
Period
(Months)
|
Amount
Payable
|
Interest*
p.a.
|
Effective
Yield p. a.**
|
|
Rs. 10,000
|
12
|
Rs. 10,800
|
8.00%
|
8.00%
|
|
18
|
Rs. 11,272
|
8.25%
|
8.48%
|
|
24
|
Rs. 11,772
|
8.50%
|
8.86%
|
|
36
|
Rs. 12,950
|
9.00%
|
9.83%
|
|
|
|
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April 23, 2009 at 11:32 pm
Dear Sir
Please send us mahindra and mahindra limited fixed deposit form urgently required.
Thanks & Regards
Bimal Kumar
IEP-Karol Bagh
New Delhi
April 24, 2009 at 12:35 am
HI Bimal,
You can find the Mahindra Fixed Deposit Application Form here:
http://www.mahindrafinance.com/prod_fixeddeposit/app_form.asp
If you have any doubts on Mahindra Fixed Deposit, please post it here. You can also look into the Tata Motors Fixed Deposit Scheme here:
http://www.thinkplaninvest.com/2009/03/tata-motors-fixed-depositfd-scheme/
Thanks,
Krishna
May 26, 2009 at 5:26 am
if i invest Rs 10,000 for 1 year how much i will get at the end of the year @ 10.5%. is it 1050 per month that is equal to 12600 at the end of the year or only 11050 at the end of the year
cheers
July 6, 2009 at 9:54 pm
HI Preeta,
You will get Rs.11092 if compound quarterly. Rs.11050 is if it is simple interest without compound.
See the reference. it will help you:
http://content.icicidirect.com/personalfinance/FDCalculator.asp
Thanks,
Krishna
July 29, 2009 at 4:55 am
whether is any scheme for senior citizen quaterly/monthly interest which is to be paid as income . i am going to retire in sep.09
regards
b.k.singh
July 30, 2009 at 1:59 am
Every plan has the seperate interest rates for senior citizen(above 60 years).
Thanks,
Krishna
August 20, 2009 at 11:35 pm
Interest rates of Mahindra Finance FD Form are much lower than as listed in this article. What is the latest position? What is additional rate for Senior citizens. Thinking of long term investment upto 10 years.
Are there other good options?
Thanks in advance
D.V.Kumar
August 21, 2009 at 3:28 am
Hello D. V. Kumar,
I have updated with the latest interest rates. Senior Citizens / Shareholders / Employees will get an additional rate of 0.25% per annum. At present the interest rates for the FDs are much lower compare to the few months back.
Thanks,
Krishna
October 16, 2009 at 11:35 pm
I M INTERESTED IN INVESTMENT, KINDLY PROVIDE ME DETAIL OR CONTACT ME.
January 31, 2010 at 5:46 am
Iam intrested in investing Rs 50000/- in FD.If u just mail me the required form with updated intrest rates as applicable.looking for a prompt action from your side.My cell no. is +919320863215.
With regards
Rajiv Kumar
February 15, 2010 at 11:21 pm
i wish to invest a sum of rs.5 lac in your scheme…can i get details of the scheme at present
regards
manpreet anand
March 29, 2010 at 4:08 am
i can invest more then million of $, but the return should be more then 26% interest on long term fixed depost, may be 20 yrs, is there any bank, finance, co-opreative, business firm who can provide so much or is that impossible?
November 18, 2010 at 7:34 am
i have invested 1 lacs rupees in year 2009 in mahindra finance limited last december for 12 months what return should i get this year in december 2010 and how much interest i recieve this year
December 7, 2010 at 2:05 am
do bank have their rights to maximise their interest rate accoriding to their economical condition like more then 20% interest on fixed deposit scheme? is that possible?
June 5, 2011 at 10:02 pm
Pls give me your phone number and e-mail id.
as this mail id – isrlfd@intimespectrum.com is returning back.