Will the deposit be paid back in cash?

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• 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 ...

• 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 ...

• When will the interest be credited in a non-cumulative scheme?

  In a non-cumulative scheme: • Yearly interest will be credited on 31st of March of every year • Half yearly interest will be credited on 30th of September and 31st of March of every year • Quarterly interest will be credited on the 30th of June, 30th ...

• 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, ...

• 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/-