Is there a prescribed form for making a deposit?

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• What is Form 15G and Form 15H and where do I get it from?

  Form 15G/15H is a self-declaration by the investor which can be obtained from Mahindra Finance or can also be downloaded from the company website. https://fixeddeposit.mahindrafinance.com/WA_FD_EP_PRELOGIN_5/Form15_Verification.aspx It is a self- ...

• Is it not enough to furnish the Form only once at the time of placing the deposit?

  No, Form 15G/H will have to be submitted at the beginning of each financial year covering all the existing deposits. If new deposits are to be made during the year, then a new Form 15G/H will have to be submitted. Also, if there are any changes in ...

• 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/-

• What is the difference between Form 15G and the Form 15H?

  Declaration in the Form 15G/H can be made by an individual or a person (not being a company or firm). Hence, a company or firm cannot submit a declaration in the Form 15G or in the Form 15H. Form 15G is meant for resident individuals who are below 60 ...

• 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 ...