A USD 16.5 billion multinational group based in Mumbai it employs over 200,000 people in over 100 countries.

Rating - CRISIL FAAA

Samruddhi Fixed Deposits
Period (months) Cumulative * Non-cumulative
Quarterly Half-Yearly
12 8.10% 7.90% 7.95%
18 8.32% 7.90% 7.95%
24 8.86% 8.30% 8.35%
36 9.60% 8.60% 8.65%
48 10.03% 8.60% 8.65%
60 10.49% 8.60% 8.65%
Minimum Amount ₹ 10,000 ₹ 50,000 ₹ 25,000
Samruddhi Fixed Deposits
Period (months) Cumulative * Non-cumulative
Quarterly Half-Yearly
12 8.10% 7.90% 7.95%
18 8.32% 7.90% 7.95%
24 8.86% 8.30% 8.35%
36 9.60% 8.60% 8.65%
Minimum Amount ₹ 10,000 ₹ 50,000 ₹ 25,000
Additional amount will be accepted in multiples of ₹ 1,000/-
* Compounded Annually
The minimum investment amount for Mahindra Group employees / relatives will be ₹ 1000 & multiple of ₹ 500 thereafter .
The Documents required are as follows:
  1. Duly Filled Application Form
  2. Cheque in favour of ‘MMFSL- Fixed Deposit’ and crossed ‘Account Payee only’
  3. All documents should be self-attested
  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card, Ration Card, Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
* Senior Citizen: Proof of Age duly attested viz-Ration Card, Voter ID Card, Passport, PAN Card, Birth Certificate, LIC Policy etc. Senior Citizen has to be 60 or above
  1. HUF Pan card
  2. HUF/Kartha Address Proof & identity proof of Kartha
  3. Photograph of Kartha
  4. Cancelled cheque leaf for Bank account verification
  1. PAN card
  2. Deed of declaration
  3. Certificate of registration
  4. List of authorized signatories with specimen signatures
  5. ID proofs and address proof of authorised signatories
  6. Cancelled cheque leaf for bank account verification
  7. Address Proof (Bank statement, Telephone Bill)
  1. ID & Address proof of the proprietor
  2. PAN card of proprietor
  3. Address Proof
  4. Photograph
  5. If the sole proprietorship is in different name, the bank statement, OR registration certificate OR telephone bill
  6. Cancelled cheque leaf for Bank account verification
  1. PAN Card
  2. Address Proof (Bank statement, Telephone Bill)
  3. Certificate of incorporation
  4. Memorandum of Article & association & Latest Board resolution with specimen signatures
  5. Authorized Signatory list
  6. Photograph of the signatories
  7. Cancelled cheque leaf for Bank account verification
  8. ID & Address Proof of Authorized signatories
  1. Names of trustees, settlers, beneficiaries and signatories
  2. Names and addresses of the founder, the managers/directors and the beneficiaries
  3. Telephone/fax numbers
* Please note that Mahindra Finance accepts deposits from registered trust only and our investment has not qualified under Sec 11(5) of IT. For Investment of Rs 1 crore and above, declaration about the source of income required
Charitable Trust/Family Trust
  • Copy of the Registration Certificate AND/OR 12(A) Certificate issued by Income Tax Dept
  • Acknowledgment of registration application if applied for.
  • Pan Card copy
  • Address proof
  • List of signatories
  • Board Resolution/Consent letter from Trustees
  • Individual KYC of all Trustees
  • Photographs .ID & Address proof of Signatories
  • Cancelled cheque leaf for Bank account verification
  • Trust Deed
Please note Mahindra & Mahindra Financial Services is not registered U/S 11(5) of income tax act, hence Charitable Trust may invest in Mahindra Finance FD at THEIR OWN RISK.
If the trust is not registered OR not willing to be registered in future, a letter duly signed by Authorized Signatories stating the Trust is not registered & not willing to be registered in future is required.
Clubs, Associations, Societies
  • Copy of the Registration Certificate ,if registered
  • Acknowledgment of registration application if applied for.
  • Pan Card copy
  • Address proof
  • List of signatories
  • MOA & Resolution
  • Individual KYC of all signatories
  • Photographs .ID & Address proof of Signatories
  • Cancelled cheque leaf for Bank account verification
  1. Passport with valid visa
  2. Overseas employment letter (optional for confirmation of residential status and overseas address)
  3. A PIO card to establish Indian Origin, if it is a foreign passport
  4. Pan card
  5. A local address proof if different from the passport address
    1. Bank account statement or passbook
    2. Local Property papers with registration deed
    3. EB Bill card
    4. Voter ID Card or Driving License
  6. Tax Residency Certificate from the Income Tax department of the country the investor is a resident
  7. Copy of the passport as of the beginning of the current financial year and end of financial year

Minimum lock-in period for all types of deposit shall be 3 months.

The interest rates for prematurity of deposits are as under:

Months completed from the date of deposit Interest rate payable
3 - 6 Months NIL
After 6 Months before maturity 2 % lower than the interest applicable on the deposit

Loan facility is available at the discretion of Mahindra Finance, which can be availed only after 3 months from the date of deposits and upto 75 % of the deposit amount subject to certain terms & conditions. Interest rate on such loans will be 2 %higher than the rate of interest on the deposit being paid to depositors.However, the granting of loan will be at the sole discretion of the Company.