Employees/Employees’ relatives and Retired Employees/Retired Employees’ relatives will get an additional rate of 0.35% p.a for deposits upto Rs.
additional rate for Dhanvruddhi Deposits. Senior Citizens will get an additional interest rate of 0.25% p.a for Samruddhi Deposits and 0.10% p.a.Mahindra Finance offers a variety of fixed deposit schemes with the highest safety ratings. Opt for a long-term FD with a high-interest rate to ensure that you have sufficient funds to cover your child’s tuition fees and other expenses.įixed deposits are a safe and reliable investment instrument that can be employed to achieve numerous financial goals. CHILD’S EDUCATION: FDs can be a smart way to save for your child’s education.Having a fixed deposit with returns that do not depend on market volatility ensures safety during challenging times. EMERGENCY FUND: FDs can also be used to create an emergency fund, which can be used to cover unexpected expenses such as medical bills or job loss.You can periodically invest your surplus funds and savings in FDs to build a corpus for your retirement years RETIREMENT PLANNING: FDs can also be used for saving towards your retirement.Fixed Deposits help you securely park your surplus funds.įixed deposits can be used to achieve various financial goals, including:
