Mahindra Finance Fixed Deposit Rates 2025
Mahindra Finance FD rates for the general public range from 6.60%. p.a. to 7.30% p.a. and for senior citizens 6.85% p.a. to 7.55% p.a. Mahindra group company employees and senior citizens are offered an additional interest rate on any deposits made towards the scheme.
Table of Contents
- Types of Mahindra Finance Fixed Deposit Schemes
- Samruddhi Cumulative Scheme Interest Rates (up to Rs.5 crore)
- Samruddhi Non-Cumulative Scheme Interest Rates (up to Rs.5 crore)
- Dhanvruddhi Cumulative Scheme FD Rates
- Dhanvruddhi Non-Cumulative FD Rates
- Bulk Deposit (Above Rs. 5 crore) Cumulative Scheme FD Rates
- Features and Benefits of Mahindra Finance Fixed Deposits
- Eligibility Criteria of Mahindra Finance Fixed Deposit
- Documents Required for Mahindra Finance Fixed Deposit
Types of Mahindra Finance Fixed Deposit Schemes
The different types of FD schemes that are offered by Mahindra Finance are mentioned below:
- Samruddhi Cumulative Deposits
- Samruddhi Non-Cumulative Deposits
- Dhanvruddhi Cumulative Scheme
- Dhanvruddhi Non-Cumulative Scheme
- Bulk Deposit (Above Rs. 5 crore) Cumulative Scheme
Samruddhi Cumulative Scheme Interest Rates (up to Rs.5 crore)
Period | Minimum Amount | Amount Payable | Rate of Interest |
12 months | Rs. 5000 | Rs. 5330 | 6.60% p.a. |
24 months | Rs. 5000 | Rs. 5725 | 7.00% p.a. |
36 months | Rs. 5000 | Rs. 6125 | 7.00% p.a. |
48 months | Rs. 5000 | Rs. 6554 | 7.00% p.a. |
60 months | Rs. 5000 | Rs. 7113 | 7.00% p.a. |
*Mahindra Finance can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 25 June 2025.
Samruddhi Non-Cumulative Scheme Interest Rates (up to Rs.5 crore)
Period | Rate of Interest (Monthly) | Rate of Interest (Quarterly) | Rate of Interest (Half-yearly) | Rate of Interest (Yearly) |
12 months | 6.40% p.a. | 6.45% p.a. | 6.50% p.a. | 6.60% p.a. |
24 months | 6.80% p.a. | 6.80% p.a. | 6.90% p.a. | 7.00% p.a. |
36 months | 6.80% p.a. | 6.80% p.a. | 6.90% p.a. | 7.00% p.a. |
48 months | 6.80% p.a. | 6.80% p.a. | 6.90% p.a. | 7.00% p.a. |
60 months | 6.80% p.a. | 6.80% p.a. | 6.90% p.a. | 7.00% p.a. |
| Minimum Amount: Rs. 50,000 | Minimum Amount: Rs. 25,000 | ||
*Mahindra Finance can change the interest rates at any time without prior notice. The above-mentioned interest rates are effective from 25 June 2025.
Dhanvruddhi Cumulative Scheme FD Rates
Period (Months) | Minimum Amount | Amount Payable | Rate of Interest p.a.* (Yearly) |
15 | 5000 | 5428 | 6.75% |
30 | 5000 | 5925 | 7.00% |
42 | 5000 | 6340 | 7.00% |
The above-mentioned interest rates are effective from 25 June 2025.
Dhanvruddhi Non-Cumulative FD Rates
Period | Rate of Interest (Monthly) | Rate of Interest (Quarterly) | Rate of Interest (Half-yearly) | Rate of Interest (Yearly) |
15 months | 6.55% p.a. | 6.60% p.a. | 6.65% p.a. | 6.75% p.a. |
30 months | 8.80% p.a. | 8.80% p.a. | 8.90% p.a. | 7.00% p.a. |
42 months | 8.80% p.a. | 8.80% p.a. | 8.90% p.a. | 7.00% p.a. |
| Minimum Amount: Rs. 50000 | Minimum Amount: Rs. 25000 | ||
The above-mentioned interest rates are effective from 25 June 2025.
Bulk Deposit (Above Rs. 5 crore) Cumulative Scheme FD Rates
Period | Minimum Amount | Rate of Interest (Yearly) |
12 to 14 months | Rs. 5,00,01,000 | 6.80% p.a. |
15 to17 months | Rs. 5,00,01,000 | 6.90% p.a. |
18 to 23 months | Rs. 5,00,01,000 | 7.15% p.a. |
24 to 30 months | Rs. 5,00,01,000 | 7.20% p.a. |
36 months | Rs. 5,00,01,000 | 7.30% p.a. |
Features and Benefits of Mahindra Finance Fixed Deposits
The main benefits and features of the FD scheme offered by Mahindra Finance are mentioned below:
- The tenure of the scheme ranges between 12 months and 60 months.
- In the case of a Cumulative Scheme, the minimum deposit that must be made is Rs.5,000.
- In the case of a Non-Cumulative Scheme, the minimum deposit can be either Rs.25,000 or Rs.50,000.
- Senior citizens are offered an additional interest rate of 0.25% p.a. for Samruddhi deposits and 0.10% p.a. for Dhanvruddhi deposits.
- Mahindra Group employees are offered an additional interest rate of 0.35% p.a. for deposits up to Rs.5 crore for Samrudhi deposits.
Eligibility Criteria of Mahindra Finance Fixed Deposit
The below-mentioned entities can open an FD scheme with Mahindra Finance:
- Club
- Association
- Society
- Sole Proprietorship
- Family Trust
- Hindu Undivided Families (HUFs)
- Charitable Trust
- Trusts and Foundations
- Partnership Firms
- Non-Resident Indians (NRIs)
- Companies
- Resident Individuals
Documents Required for Mahindra Finance Fixed Deposit
Club, Association, and Society
- Cancelled cheque (required for verification)
- Photographs of the signatories
- Address proof of the signatories
- ID proof of the signatories
- Know Your Customer (KYC) details of all the signatories
- Signatories list
- Permanent Account Number (PAN) Card
- Registration application (acknowledgment)
- Registration Certification (copy)
Sole Proprietorship
- Cancelled cheque (required for verification)
- Telephone bill
- Photograph
- Proof of address
- PAN Card
- ID proof
Family Trust
- Trust deed
- Cancelled cheque (required for verification)
- Photographs of the signatories
- Address proof of the signatories
- ID proof of the signatories
- Consent letter
- Know Your Customer (KYC) details of all the signatories
- Signatories list
- PAN Card
- Registration application (acknowledgment)
- Registration Certification (copy)
HUF
- Cancelled cheque (required for verification)
- Photograph
- ID and address proof (of Kartha)
- PAN Card (HUF)
Charitable Trust
- Trust deed
- Cancelled cheque (required for verification)
- Photographs of the signatories
- Address proof of the signatories
- ID proof of the signatories
- Consent letter
- Know Your Customer (KYC) details of all the signatories
- Signatories list
- PAN Card
- Registration application (acknowledgment)
- Registration Certification (copy)
Trusts and Foundations
- Fax number and telephone numbers
- Address and names of the directors/managers, founder, and beneficiaries
- Names of signatories, beneficiaries, settlers, and trustees.
Partnership Firms
- Cancelled cheque (required for verification)
- Photographs of the signatories
- Address proof of the signatories
- ID proof of the signatories
- Resolution Copy
- Partnership Deed
- Proof of address
- PAN Card
NRIs
- Proof of address such as driving license or Voter ID, EB Bill Card, local property papers, or passbook or bank statement
- PAN Card
- PIO Card to show Indian Origin
- Employment letter from abroad
- Passport along with a valid visa
Companies
- Cancelled cheque (required for verification)
- Photographs of the signatories
- Address proof of the signatories
- ID proof of the signatories
- Signatories list
- Certificate of incorporation
- Proof of address
- PAN Card
- Memorandum or article and association
- Latest board resolution
Resident Individuals
- Proof of address
- Proof of identity
FAQs on Mahindra Finance Fixed Deposit Rates
- Can I open an FD account on behalf of a minor?
Yes, you can open an FD account on behalf of a minor.
- Does Mahindra Finance provide the option to open joint accounts?
Yes, Mahindra Finance provides the option to open joint accounts.
- How is the interest paid?
The interest is paid via ECS to the account holder's bank account.
- Is it possible to open an FD account online?
Yes, you can open an FD account online.
- Does Mahindra Finance offer the premature withdrawal option on its FD scheme?
Yes, Mahindra Finance offers the premature withdrawal option on its FD scheme.
- After how long is premature withdrawal allowed?
Premature withdrawal is allowed after 3 months from the date the account was opened or renewed.
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