What are payment modes available for paying the Principal Amount of the Fixed Deposit application?

What are payment modes available for paying the Principal Amount of the Fixed Deposit application?

Once the distributor initiates the fixed deposit transaction on Fintso, the investor can transfer money through either Net banking or NEFT/RTGS, depending on what was chosen by the distributor.

·         If the payment mode chosen is Net Banking, Mahindra Finance sends an email with a link to payment gateway through which investor can login to their bank account and initiate the transfer.

·         In case of NEFT/RTGS, an email will be sent by Fintso with Beneficiary bank account details. Once the NEFT/RTGS is completed, the investor must share the transaction details (UTR number / transaction reference number) with Fintso, which shall be subsequently shared with Mahindra Finance. The payment link will be active for 7 days.

If the email from Mahindra is not delivered to the investor, kindly get in touch with service@fintso.com
    • Related Articles

    • How can I renew the fixed deposit?

      All fixed deposits which are due for maturity can be renewed online through Fintso. • The renewal process must be initiated between 10 to 25 days (both inclusive) prior to the existing fixed deposit maturity date. • An online application through ...
    • Is there a prescribed form for making a deposit?

      The entire process of application for fixed deposit is online. The advisor needs to fill in the basic details such as investment amount, tenure, scheme type (cumulative or non-cumulative), interest pay-out frequency and CKYC number to initiate the ...
    • What is the minimum deposit amount for the cumulative deposit & the non-cumulative deposit schemes?

      Minimum investment for Mahindra Finance fixed deposit is: Options: Cumulative:  Interest Payable Frequency: None Minimum Investment : ₹ 5,000/- Non-cumulative Interest Payable Frequency: Monthly & Quarterly ₹ 50,000/- Half-year & Yearly ₹ 25,000/-
    • Will Mahindra Finance allow loan on deposit?

      A loan may be granted against Mahindra Finance Deposit up to 75% of the deposit amount. A loan will be given to any depositor who has a live fixed deposit which is more than 3 months old. The FDR will be marked with lien against the release of the ...
    • What is the difference between a non-cumulative deposit and a cumulative deposit?

      In a 'non-cumulative scheme' the interest is payable at a particular frequency (monthly, quarterly, half-yearly or yearly). This scheme is convenient for pensioners who require a periodical interest payment. In the ‘cumulative deposit scheme', the ...