Categories: Uncategorized

Mahindra & Mahindra Financial Services Ltd. (FAAA by CRISIL)

 

Mahindra & Mahindra Financial Services Ltd. (FAAA by CRISIL)

Company Overview :

  • MMFSL is a subsidiary of Mahindra and Mahindra Ltd (M&M). The company is one of India’s leading non-bank finance companies focused on the rural and semi-urban sector
  • The company provides employment to over 16,000 people in over 1000+ branches across India and is currently servicing over 3 million customers

Unique features of investing through ICICIdirect.com :

  • E-FDR : Electronic certificate for your investment
  • Online Nomination: No need to fill or send the physical nomination form
  • Online Renewal: Renewals can be done online without paperwork
  • Auto Credit: Direct credit of interest and maturity proceeds in the registered bank a/c

Who can invest?

  • Online: Resident Individuals & HUFs
  • Offline: Resident Individuals, HUFs, Trusts, Domestic Companies, NRIs, Minor

Mahindra Finance FD interest rates (w.ef. July 16, 2020)

Tenure (Months) Non – Cumulative Scheme Cumulative Scheme
Period Quarterly (p.a.) Half Yearly (p.a) Interest (p.a.) Effective Yield (p.a.)
12 6.50% 6.60% 6.70% 6.70%
18 6.70% 6.80% 6.90% 7.05%
24 6.75% 6.85% 6.95% 7.19%
30 6.90% 7.00% 7.10% 7.51%
36 6.95% 7.05% 7.15% 7.67%
38 7.00% 7.10% 7.20% 7.79%
44 7.05% 7.15% 7.25% 8.00%
48 7.05% 7.15% 7.25% 8.08%
60 7.05% 7.15% 7.25% 8.38%
Min Amt ` 50,000/- ` 25,000/- ` 10,000/-

Note: The above interest rates are applicable for interest rates upto 1 cr only.

Sr. Citizen will get 0.25% p.a. additional interest across all schemes.

* Maturity value is indicative, pretax and is for illustration purpose only.

admin

Recent Posts

Buy Best Health Insurance

Buy Best Health Insurance now Affordable Health Insurance plans for all Health insurance plays a…

4 days ago

Mutual Funds Sahi Hai

Mutual Funds Sahi Hai* Subject to market conditions Bank deposits are drying up as investors…

5 days ago

INSURANCE BANGALORE

INSURANCE BANGALORE Insurance in Bangalore: An Overview Bangalore, often referred to as the "Silicon Valley…

6 days ago

Shivakumar Bangalore

Shivakumar Bangalore Shivakumar Bangalore is a trusted name in financial planning and investment advisory services,…

1 week ago

Mutual Fund Distributor MFD

Mutual Fund Distributor MFD call 9886568000 Mutual Fund Distributors MFD Shivakumar A: Your Guide to…

1 week ago

BUY LIC POLICY 9886568000 IN WHITEFIELD-MARATHAHALLI-SARJAPURA ROAD

BUY LIC POLICY 9886568000 IN WHITEFIELD-MARATHAHALLI-SARJAPURA ROAD NOW Comprehensive Financial Solutions in Whitefield, Marathahalli, and…

1 week ago