Mahindra Finance FD Calculator
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 |
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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.