Corporate FDs are similar to bank fixed deposits but they are offered by Financial and non-banking financial companies (NBFCs).
They are suitable for investors who are looking for guaranteed returns, be it someone who is investing a large amount or a retired investor who is looking for regular income.
IN PARTNERSHIP WITH
GET UP TO 7.90% p.a.
6 REASONS TO INVEST IN CORPORATE FDs
Beat the uncertainty and market volatility to get the most out of your hard-earned money.
GUARANTEED RETURNS FOR YOUR HARD-EARNED MONEY
Upto 0.50% additional for senior citizens
Mahindra Finance FD:
Tenure range: 12 - 60 months.
Cumulative Scheme: Minimum deposit - Rs.5,000.
Non-Cumulative Scheme: Minimum deposit - Rs.25,000 or 50,000.
Senior citizens will get an additional interest rate of 0.25% p.a. for deposits upto Rs. 1CR
Interest rates for Deposits upto 50 Lakhs.
Additional interest rate for Mahindra Group employees.
Tenure range - 12 - 60 months
Cumulative deposit and non-cumulative deposit - minimum amount of Rs. 5000
Additional interest of 0.50% p.a for senior citizen. (completed age 60 years on the date of deposit)
Interest Rates For Deposit <= 5CR.
Additional interest of 0.25% p.a for all renewals when deposit is matured.
Additional interest of 0.15% p.a on deposit will be paid to employees of Shriram Group Companies and their relatives.