In case there is an urgent need of money, can a withdrawal be made from deposits?

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• Are there any charges in case of premature withdrawal of deposit?

  In case of premature withdrawal after completion of 6 months the interest rate payable shall be 2% lower than the interest rate applicable for the period for which the deposit has run or if not, rate has been specified for that period, then 3% lower ...

• What is the process of taking premature withdrawal?

  No premature withdrawal will be allowed before the completion three months from the date of receipt as per the directions of the RBI currently in force. In case of request for premature withdrawal after the expiry of three months, the rate given in ...

• What is the process for activating Fixed Deposits on Fintso for a Distributor already empanelled with Mahindra Finance?

  Kindly ensure that the PAN registered with Mahindra Finance is the same as under the Fixed Deposits section in your Profile in Fintso. The PAN will be shared with Mahindra Finance. If it matches with their records, the following steps will be ...

• Can I renew a Fixed Deposit sourced through another platform?

  No, only deposits made through Fintso can be renewed through Fintso.

• What happens if I don’t subscribe to Fixed Deposits after the 45-day Free Trial is over or discontinue my subscription for Fixed Deposits?

  On discontinuing: ·         You will not be able to place new or view existing Fixed Deposit investments on the Partner App or Web Portal. ·         The investor won’t be able to view the Fixed Deposit investments in the Fintso app or in the client ...