Mahindra Finance Fixed Deposit Revised Rates from April 20, 2009

April 17, 2009

Banking, Fixed Deposit

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mahindra-financeMahindra 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:

Apply for Mahindra Finance Fixed Deposit (Get Free Financial Planning from TPI)

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
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
8.50%
8.86%
36
Rs. 12,950
9.00%
9.83%
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16 Responses to “Mahindra Finance Fixed Deposit Revised Rates from April 20, 2009”

  1. integrated interprises india ltd Says:

    Dear Sir

    Please send us mahindra and mahindra limited fixed deposit form urgently required.

    Thanks & Regards
    Bimal Kumar
    IEP-Karol Bagh
    New Delhi

    Reply

  2. krishnas Says:

    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

    Reply

  3. preetam shetty Says:

    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

    Reply

  4. krishnas Says:

    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

    Reply

  5. bksingh Says:

    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

    Reply

  6. krishnas Says:

    Every plan has the seperate interest rates for senior citizen(above 60 years).

    Thanks,
    Krishna

    Reply

  7. D. V. Kumar Says:

    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

    Reply

  8. krishnas Says:

    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

    Reply

  9. HARISH SHARMA Says:

    I M INTERESTED IN INVESTMENT, KINDLY PROVIDE ME DETAIL OR CONTACT ME.

    Reply

  10. Rajiv kumar Says:

    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

    Reply

  11. manpreet anand Says:

    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

    Reply

  12. rups Says:

    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?

    Reply

  13. samiur rahman Says:

    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

    Reply

  14. rups Says:

    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?

    Reply

  15. LALITHA SHROFF Says:

    Pls give me your phone number and e-mail id.
    as this mail id – isrlfd@intimespectrum.com is returning back.

    Reply

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