Mahindra & Mahindra Financial Services Ltd. (FAAA by CRISIL) 

Company Overview :

• MMFSL is a subsidiary of Mahindra and Mahindra Ltd (M&M). The company is one of India’s leading non-bank finance companies focused on the rural and semi-urban sector
• The company provides employment to over 16,000 people in over 1000+ branches across India and is currently servicing over 3 million customers

Unique features of investing through ICICIdirect.com :

• E-FDR : Electronic certificate for your investment
• Online Nomination: No need to fill or send the physical nomination form
• Online Renewal: Renewals can be done online without paperwork
• Auto Credit: Direct credit of interest and maturity proceeds in the registered bank a/c

Who can invest?

• Online: Resident Individuals & HUFs
• Offline: Resident Individuals, HUFs, Trusts, Domestic Companies, NRIs, Minor

Mahindra Finance FD interest rates (w.ef. July 16, 2020)

Tenure (Months)	Non - Cumulative Scheme		Cumulative Scheme
Period	Quarterly (p.a.)	Half Yearly (p.a)	Interest (p.a.)	Effective Yield (p.a.)
12	6.50%	6.60%	6.70%	6.70%
18	6.70%	6.80%	6.90%	7.05%
24	6.75%	6.85%	6.95%	7.19%
30	6.90%	7.00%	7.10%	7.51%
36	6.95%	7.05%	7.15%	7.67%
38	7.00%	7.10%	7.20%	7.79%
44	7.05%	7.15%	7.25%	8.00%
48	7.05%	7.15%	7.25%	8.08%
60	7.05%	7.15%	7.25%	8.38%
Min Amt	` 50,000/-	` 25,000/-	` 10,000/-

Note: The above interest rates are applicable for interest rates upto 1 cr only.

Sr. Citizen will get 0.25% p.a. additional interest across all schemes.

* Maturity value is indicative, pretax and is for illustration purpose only.