Mahindra Finance FD Scheme

Mahindra Finance is an Indian non-banking finance company with AUM (assets under management) of over USD 14.1 billion. Spread across 5,16,000 villages and 8,000+ towns, this NBFC serves both rural and semi-urban markets. 

The organisation is a preferred investment option for fixed-income investors due to its high safety ratings (AAA/Stable) and competitive interest rates. As of August 9, 2025, it runs several fixed deposit schemes, such as:

• Dhanvruddhi Sheme (up to ₹5 crore)
• Samruddhi Scheme (up to ₹5 crore)
• Bulk Deposit (above ₹5 crore)

The highest interest rate you can get across all these schemes is up to 7.15% p.a. (for regular investors) and 7.25% p.a. (for senior citizens). The rates are subject to change. Please check the latest interest rates before investing.

So, want to invest? In this article, let’s check out the various fixed deposit schemes in Mahindra Finance and their key feature. Also, we will see whether Mahindra Finance FD plans are safe. 

What are the Various Mahindra Finance FD Schemes?

Mahindra Finance’s “Samruddhi” and “Dhanvruddhi” schemes are specifically designed for retail investors looking to invest less than ₹5 crore. In both these Mahindra Finance FD plans, you can choose cumulative or non-cumulative payouts. 

However, if you are a high-net-worth individual (HNI) and want to invest more than ₹5 crore, the NBFC runs a special scheme called “Bulk Deposit (above ₹5 crore) - Cumulative Scheme”. 

For more clarity, let’s check out some important details related to fixed deposit schemes in Mahindra Finance:

Feature	Details
Eligibility	Resident Indians Non-resident Indians (NRIs) HUFs Trusts Companies Minors (joint accounts allowed)
Senior Citizen Benefit	Extra interest: Samruddhi FD scheme: +0.25% p.a. Dhanvruddhi FD scheme: +0.10% p.a.
Highest interest rate (valid as of August 9, 2025)	For regular customers - 7.15% p.a. (in the Bulk FD scheme) For senior citizens - 7.25% p.a. [7.00% + 0.25%] (valid only for Samrudhhi FD Scheme) and 7.10% p.a. [7.00% + 0.10%] (valid only for Dhanvruddhi FD scheme).
Tenure Options	Flexible range from 12 to 60 months (depending on the scheme)
Minimum Deposit	₹5,000
Deposit Limit	Up to ₹5 crores in Samruddhi and Dhanvruddhi schemes
Interest Payout Options	Cumulative (paid at maturity)  or  Non-Cumulative (paid monthly/ quarterly/ half-yearly/ yearly)
Premature Withdrawal	Allowed only after 3 months
Auto-Renewal Facility	Available
Safety Rating	AAA/Stable by CRISIL and India Ratings
Mode of Application	FDs can be booked online via the GoldenPi platform
Renewal	Auto-renewal is allowed
Special Rates	Mahindra Group employees/ relatives get an extra +0.35% p.a. on Samruddhi FDs

Note: The above information and interest rates are valid as of August 9, 2025. The rates and other details are subject to change. Please check the latest information before investing.

Want to invest in fixed deposit schemes in Mahindra Finance? Book your FD online via GoldenPI. It only takes a few minutes! Start from here.

Key Features of Mahindra Finance FD Plans

If you are a senior citizen (above 60 years of age), you receive higher returns on the Mahindra Finance FD scheme for senior citizens as follows:

Samruddhi Deposits	Dhanvruddhi Deposits
The additional rate is 0.25% p.a.	The additional rate is 0.10% p.a.

Note: The above additional rates are valid as of August 9, 2025, only for deposits up to ₹5 crore. These bonus rates are subject to change. Please check the latest interest rates before investing.

Additionally, the fixed deposit schemes in Mahindra Finance offer these key features: 

I) Renewal Bonus

Mahindra Finance rewards loyal customers by offering an additional 0.05% p.a. interest on renewal of deposits. The bonus applies to both Dhanvruddhi and Samruddhi schemes. This incentive encourages investors to re-invest and roll over their funds for continued growth.

II) Interest Payment Dates (Non-Cumulative)

For non-cumulative FDs, interest is credited directly to the investor’s account via NACH/ NEFT. Payment dates are fixed as follows: 

• Monthly (last working day)
• Quarterly (30 June, 30 September, 31 December, 31 March)
• Half-yearly (30 September, 31 March)
• Yearly (31 March)

Please note that deposits made within 1 month of a payout date get their part-period interest in the next scheduled cycle (no interim payment is made).

III) Cumulative Deposits

In cumulative options, interest is compounded annually and paid along with the principal at maturity. The compounding occurs before TDS deduction.

IV) Premature Withdrawal

Mahindra Finance allows you to break your FD before maturity. However, the rules differ based on the investment duration. Let’s see how:

Investment Duration	Rule
First 3 Months	You cannot close your FD within the first 3 months (calculated from the date of opening).
Between 3 and 6 Months	If you close your FD after 3 months but before 6 months, you’ll get only your principal amount back. You will not earn any interest for that time.
After 6 Months but Before Maturity	If you close your FD after 6 months but before the agreed maturity date, you will get this lower rate: 2% less than the rate applicable for the period your FD actually ran or If there is no rate for that exact period, 3% less than the lowest public FD rate offered by the company.

Note: The above rules are valid as of August 9, 2025. Please check the latest premature withdrawal rules before investing.

Furthermore, please note that the penalty is applied to the rate of interest for the actual tenure your FD stayed invested (not the original rate you booked at). Your booked rate applies only if you keep the FD till maturity.

V) Loan Against FD

Mahindra Finance allows investors to borrow against their fixed deposits. You can get up to 75% of the deposit amount as a loan. The interest charged on such loans is 2% higher than the FD’s agreed rate.

Are Fixed Deposit Schemes in Mahindra Finance Safe?

Popular independent credit rating agencies like CRISIL and India Ratings have reviewed Mahindra Finance’s:

• Financial strength
• Stability
• Payment track record

Post-analysis, these agencies have assigned a rating of CRISIL AAA/Stable and IND AAA/Stable. For those unaware, these are the highest possible ratings, which indicate minimal risk of default.

Invest in Mahindra Finance FD Schemes Online Through GoldenPi

Mahindra Finance is a leading NBFC with top-tier credit ratings of CRISIL AAA/Stable and IND AAA/Stable. It runs three FD schemes for investors: Samruddhi, Dhanvruddhi, and the Bulk Deposit scheme. 

As of August 9, 2025, the highest interest rate offered by Mahindra Finance is 7.15% p.a. for regular investors (in the bulk FD scheme), whereas it is 7.00% p.a. in the other schemes. Senior citizens receive extra/ bonus interest, which is +0.25% p.a. for the Samruddhi FD scheme and +0.10% p.a. for the Dhanvruddhi scheme. 

If you’re looking to earn safe + fixed returns, you can book Mahindra Finance FDs online via GoldenPi within minutes. There is no need to visit a branch. Start your application now!