Mahindra Finance FD Calculator

Mahindra Finance is a leading Non-banking Finance Company (NBFC) in India. It offers competitive fixed deposit interest rates ranging from 7.50% p.a. to 8.10% p.a., with an additional 0.25% p.a. provided to senior citizens. You can choose from flexible tenures of 12 to 60 months. Before investing, use the Mahindra Finance FD Calculator available on the Bajaj Markets financial marketplace to understand your returns and maximise your investment.

The Mahindra Finance FD calculator is a free and easy-to-use tool that helps you plan your investments effectively. Simply adjust the deposit amount, tenure, and interest rates to compare potential payouts at maturity.

 

Here are the steps to using the FD calculator:

1. Input your desired fixed deposit amount

2. Enter the interest rate

3. Enter the tenure for your FD

 

Once you have entered these details, the calculator will apply the formula and quickly display the results based on your chosen FD terms.

 

Here is an illustration to explain the process better:

 

Consider that you invest ₹1,00,000 in a Mahindra Finance FD at an interest rate of 8.10% p.a. for a tenure of 4 years. Here is what your payout upon maturity would look like:

• Fixed Deposit Amount: ₹1,00,000

• Interest Rate: 8.10% p.a.

• Tenure: 4 years (48 months)

 

The calculator will use these parameters to display the amount you will receive upon maturity, which will be ₹1,36,553. This includes the interest earned, ₹36,553, and the principal amount of ₹1,00,000.

It is important to compare the latest FD interest rates offered by our partner banks and NBFCs. Below are the highest interest rates currently provided by these financial institutions, inclusive of any special rates they offer to FD for women or senior citizens.

Note: Here are the interest rates offered by banks and NBFCs on Bajaj Markets. Please check their respective websites to confirm the latest rates before investing.