Mahindra & Mahindra Financial Services Ltd
|
- 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
- Crisil Limited has assigbed credit rating on fixed deposits to ‘FAAA’
- The company has 547 branches as on March 2011. It has three subsidiaries Mahindra Insurance Brokers Ltd (MIBL), Mahindra Rural Housing Finance Ltd (MRHFL), Mahindra Business & Consulting Service Private Ltd (MBCSPL)
- The company has started accepting deposits from the public from January 1, 2009
|
Period (Months) |
Non Cumulative Scheme |
Cumulative Scheme |
Extra Benefit |
Who can Invest? |
||
|
Half yearly |
Quarterly |
Interest |
Yield |
|||
|
12 |
9.00% |
8.90% |
9.25% |
9.25% |
0.25% extra for senior citizens |
Resident Individual, Trusts, Companies, HUF’s |
|
18 |
– |
– |
9.75% |
10.07% |
||
|
24 |
9.75% |
9.65% |
10.00% |
10.50% |
||
|
36 |
10.00% |
9.90% |
10.25% |
11.34% |
||
|
48 |
9.50% |
9.40% |
9.75% |
11.27% |
||
|
60 |
9.50% |
9.40% |
9.75% |
11.85% |
||
|
Min. Investment Amt |
Rs. 25,000/- |
Rs. 50,000/- |
Rs. 20,000/- |
Compounded Annually |
||
