Introduction
In this article I am resenting a comparison char for the Mahindra Finance and Tata Motors Fixed Deposit Schemes. Many of our readers asking me about the difference between these two companies and which one is better. This article presents the chart which will give you the good idea about these two companies. If you have any doubts please post it in the comments section. Also subscribe to our future articles here.
Apply for Mahindra Finance Fixed Deposit (Get Free Financial Planning from TPI)
Mahindra Vs Tata Motors Fixed Deposit
From the above table you can get some idea about the difference between these two companies. I will point out some of the key points on these two companies in the below list.
- Tata Motors not offering 12 months scheme for any of the fixed deposit where as mahindra finance provide that option.
- Tata Motors cumulative half-yearlt, but mahindra finance annually.
- Both the schemes providing the 0.25% extra for the senior citizens.
- Tata motors provides monthly interest option if the deposit is above 1 lakh.
- Mahindra Finance Interest payment half yearly on 30th September and 31st March only through ECS.
- If you look into the returns table, both the companies offer the same amount.
Summary
I hope this article will be useful to analyse these two companies fixed deposit schemes. My opinion is there is no big difference in these two companies, and you can invest any of these companies without any fear because they have good credit rating. Thank you for reading this article. If you have any doubts please post it in the comments section.
Subscribe to our future articles here.
December 1, 2009 at 2:00 pm
Can NRI invest in Tata motors /Mahindra Finance Fixed Deposit and How.What will be tax rate for NRI on Interest on FD.
Regards
December 2, 2009 at 8:32 pm
Hello DJ,
Thank you for the comments.
I am working for Mahindra Finance and accepting the fixed deposit applications from the NRI. The following are the requirements:
1. You have to submit the Indian address proof and identity proof.
2. Money has to be transferred from NRO or savings account in India.
If you are planning to apply for mahindra fixed deposit, please contact me. I will help you to open the account.
Thanks,
Krishna
March 12, 2010 at 11:33 am
Should i invest in Untech Fixed Deposit for 6 Monts duration,Please answer me.
March 21, 2010 at 1:02 am
What is Cumulative and non Cumulative scheme?
Well, hence I couldn’t understand the 2nd point
[Tata Motors cumulative half-yearlt, but mahindra finance annually.]
Please clarify.
Regards.
November 17, 2010 at 8:40 pm
Subscribe
November 17, 2010 at 8:49 pm
Should there be a choice of placing a deposit with a Bank. Some banks higher deposir rates than others, like YES Bank offers 9% against 8 to 8.5% by other Banks.
Should I go in for placing deposits with YES Bank without any fear of loosing my money? My total deposits would be around 2o lacs & I am a senior citizen.
December 4, 2010 at 5:41 pm
sir
iam glad to learn about the details of comparission chart of 2 companies fixed deposit it will be more usefull if interest rates of top 5
non banking finance companies are shown and also an yield of these
in% is given along with profit earning ratios of these companies.
and also the rules of prematurely closing the same in case of need