HSL Mobile App Mahindra Finance Samruddhi FD
Interest Rates Applicable for Retail Deposits up to Rs.5 cr. w.e.f. 18th March 2025
| Cumulative | Non Cumulative | ||||||||
| Period (Months) | Minimum Amount (₹). | Amount Payable (₹) | Interest p.a. * ‡ $ (Yearly) | Period (Months) | Interest p.a. *# ‡ (Monthly) | Interest p.a. *# ‡ (Quarterly) | Interest p.a. *# ‡ (Half yearly) | Interest p.a. *# ‡ (Yearly) | |
| 12 | ₹ 5,000 | 5330 | 6.60% | 12 | 6.40% | 6.45% | 6.50% | 6.60% | |
| 24 | ₹ 5,000 | 5725 | 7.00% | 24 | 6.80% | 6.80% | 6.90% | 7.00% | |
| 36 | ₹ 5,000 | 6125 | 7.00% | 36 | 6.80% | 6.80% | 6.90% | 7.00% | |
| 48 | ₹ 5,000 | 6554 | 7.00% | 48 | 6.80% | 6.80% | 6.90% | 7.00% | |
| 60 | ₹ 5,000 | 7013 | 7.00% | 60 | 6.80% | 6.80% | 6.90% | 7.00% | |
| Minimum Amount: ₹ 5,000 | Minimum Amount | ₹ 50,000†| ₹ 25,000†| ||||||
**Additional Rates:
*Senior Citizens will get an additional interest rate of 0.35% p.a for Samruddhi Deposits and 0.20% p.a. additional rate for Dhanvruddhi Deposits up to 5 Cr only. (Rates w.e.f. 18th March 2026.)
· ‡ Employees/Employees’ relatives and Retired Employees/Retired Employees’ relatives will get an additional rate of 0.35% p.a for deposits up to Rs. 5 Crore in Samruddhi Deposits only (All Mahindra Group)
· Government approved relationship proof documents to be furnished. Employee must be the second applicant. The additional rate of 0.35% is not applicable for Dhanvruddhi Deposits.
· The additional rate of 0.35% is not applicable for Samruddhi deposits above Rs.5 Crore.
· 0.05% p.a. additional Interest rate will be applicable on Renewals of Public and Senior Citizen deposits Upto Rs.5 Crore. (Rates w.e.f. 1st June 2025.)
· # The Non-Cumulative interest will be paid through NACH/NEFT. The date for interest payment will be, for Half yearly on 30th September and 31st March, for Quarterly on 30th June, 30th September, 31st December and 31st March, for Yearly on 31st March and for Monthly on the last working day of the month. If the deposit is made within a period of 1 month prior to any of the payout date, the interest of part period will be paid on the next interest payment date without any deferral interest for the broken period.
· $ Compounded Annually-In case of Cumulative Deposits, Interest is compounded before deduction of Tax.
· Bulk Fixed Deposit rates Above 5 Crore is subject to change frequently & the applicable rates shall be published in our website time to time. Depositors are requested to check the rate details while investing in Mahindra Finance Fixed Deposits. Bulk Deposits shall be accepted by the Company for any tenure between 12 months to 60 months.
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