[Gujarati Club] Mahindra Finance - Online FD Investment with Higher rate of Interest

 

Dear All,

 

We are happy to announce that Mahindra Finance Fixed Deposit Scheme is now available for online investing. It's Easy, Paperless & quick. You will even get Higher rate of Interest for online Investments rather than off Line physical applications.

 

Key Features:

·        Special Tenure and ROI:  Special Tenures 30, 38 & 44 Months with higher ROI i.e. 8.00%, 8.30% and 8.30% respectively  for online mode only.

·       It offers Cumulative and Non Cumulative option schemes.

·       The minimum deposit is Rs 10,000 .

·       It offers 12 months to 60 months tenure FDs

 

How to Apply for Online Investment

 

Steps to online mode:

·       Your Details and investment

·       Bank, Nominee and Fatca Details

·       Payment Request

·       Payment Status

 

For more detail please refer the link on our 

 

https://www.rrfinance.in/fd/fixed-deposit.aspx?ref=609200050626

 

Please find  below the Fixed Deposit Interest Rates w.e.f. 07^th November 2019 : 

 

Minimum Amount	CUMULATIVE SCHEME					NON CUMULATIVE SCHEME
	Period (Months)	Amount Payable (Rs.)	Interest p.a/‡	Effective  Yield p.a**		Period (Months)	Half yearly **/‡	Quarterly **/‡
Rs.10,000/-	12	10760	7.60%	7.79%		12	7.45%	7.40%
	18	11169	7.60%	7.95%		18	7.45%	7.40%
	24	11642	7.90%	8.21%		24	7.75%	7.70%
	36	12685	8.25%	8.95%		36	8.10%	8.05%
	48	13731	8.25%	9.33%		48	8.10%	8.05%
						60	8.10%	8.05%
	60	14864	8.25%	9.73%		Minimum Amount	Rs.25,000	Rs.50,000
**Additional Rates :Senior Citizen 0.25% .M&M group company employee & employees' Relative, M&M  group retired  employees &retired employees relatives additional  0.35% rates   .( No brokerage for deposits with employee schemes)
Minimum Amount	Dhan Samruddhi Scheme .  Applicable for Deposits upto  1 Cr. (Only through Online mode)
	Cumulative Scheme					Non Cumulative Scheme
	Period (Months)	Amount Payable (Rs.)	Interest p.a/‡	Effective  Yield p.a**		Period (Months)	Half yearly **/‡	Quarterly **/‡
Rs.10,000/-	30	12131	8.00%	8.52%		30	7.80%	7.75%
	38	12878	8.30%	9.09%		38	8.15%	8.10%
	44	13405	8.30%	9.29%		44	8.15%	8.10%
						Minimum Amount	Rs.25,000	Rs.50,000
**Additional Rates :Senior Citizen 0.25% .

 

Thanks & Regards,

Nikhil Vadia - 9819755658 / 8850898684

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Posted by: nikhil vadia <nikvadia@yahoo.com>

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