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Mahindra Finance FD Calculator

Total Investment

₹10,000
₹1,00,00,000

Number of years

Yrs
1 yr
25 yrs

Interest Rate

%
1 %
15%

Samruddhi Cumulative Scheme Interest Rates (up to Rs.1 crore)

Tenure Interest Rate
12 months 5.75%
24 months 6.25%
36 months 6.55%
48 months 6.70%
60 months 6.70%

Note: The FD interest rates are effective as of 10 June 2022

Samruddhi Non-Cumulative Scheme Interest Rates (up to Rs.1 crore)

Tenure Interest Rate (Monthly) Interest Rate (Quarterly) Interest Rate (Half-Yearly) Interest Rate (Yearly)
12 months 5.15% 5.30% 5.40% 5.70%
24 months 5.65% 5.80% 5.90% 6.20%
36 months 5.75% 6.10% 6.20% 6.30%
48 months 5.90% 6.25% 6.35% 6.45%
60 months 5.90% 6.25% 6.35% 6.45%

Note: The FD interest rates are effective as of 10 June 2022

Features of Samruddhi Cumulative FD Scheme

Particulars Details
Minimum deposit amount Rs 5,000
Maximum deposit amount Rs 1 crore
Mode of deposit Online/Offline
Frequency of interest payment Once, at the end of the FD term
Tax deduction Tax deducted after the interest is compounded

Features of Samruddhi Non-Cumulative Deposit Scheme

Particulars Details
Minimum deposit amount Rs 25,000 (For half-yearly interest payment option)Rs 50,000 (For quarterly interest payment option)
Maximum deposit amount Rs 1 crore
Mode of deposit Online/Offline
Frequency of interest payment Monthly/ quarterly/ half-yearly/ yearly
Tax deduction Tax deducted before the interest is compounded

Disclaimer:
This calculator is meant to be used for indicative purposes only. It is designed to assist you in determining the appropriate amount of prospective investments. This calculator alone is not sufficient and shouldn’t be used for the development or implementation of any investment strategy. Upstox does not take the responsibility/liability nor does it undertake the authenticity of the figures calculated therein. Upstox makes no warranty about the accuracy of the calculators/reckoners. The examples do not claim to represent the performance of any security or investments. In view of the individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor before making any investment decisions on the basis of the results provided through the use of this calculator.