MAHINDRA & MAHINDRA FINANCIAL SERVICES:
Review Of Fixed Deposit Scheme:
Mahindra & Mahindra Financial Services -Briefly known as Mahindra Finance – Non-Banking Finance Company – part of M&M Group
Fixed deposits of have highest credit rating “FAAA” which indicates the highest safety.
Both cumulative as well interest payout options available.
Sr. Citizens will get extra 0.25%
Asset under management : more than rs.10,000 crore
Interest Rates –
Interest rates for Cumulative Deposits are as follows:(Last updated : May 01, 2016).
| PERIOD(MONTHS) | RATE OF INTEREST(%) Compounded p.a. | Approximate MATURITY AMOUNT OF RS.10,000/- |
| 12 | 8.45 | 10,845 |
| 18 | 8.45 | 11,294 |
| 24 | 8.45 | 11761 |
| 36 | 8.45 | 12,755 |
| 48 | 8.45 | 13,833 |
| 60 | 8.45 | 15002 |
| MIN APPLICATION: RS.10000/- | ||
| HIGHEST RATINGS FROM CRISIL(FAAA). | ||
| 0.25% EXTRA FOR SR.CITIZENS /0.35 extra for M&M EMPLOYEES. | ||
Growth In Operating Profit:
Annual Growth In NET ASSET:In Crore
Mahindra & Mahindra Financial Services – Review Of Profit After Tax in Crores:
Overall,Good interest rates,Growing profits every year,dividend paying company every year ,Highest Credit Rating : AAA ,indicates a good Fixed Deposit to invest.