This entry is part 7 of 11 in the series Fixed Deposit

 ::About Company::mf

 Mahindra and Mahindra Financial Services Ltd is one of India’s leading Non-Banking finance companies.Through the vast network of branches,they provide personalised finance for the widest range of utility vehicles,cars and tractors,focusing on the rural and semi-urban sector.

Their unique business model is socially inclusive as they help customers who are at the bottom of the income or social pyramids to grow by providing them loans based on their future earning capacities. Currently provide employment to over 8700 people who belong to the areas in which they serve,ensuring that employees truly understand their customers.

  ::Rating::

FAAA by CRISIL.

::Deposite Rates::  

Period in MonthsQuarterlyHalf yearlyYearlyCumulative yield
128.40%8.50%9.00%9.00%
18--9.25%9.53%
249.15%9.25%9.50%9.95%
369.40%9.50%9.75%10.73%
488.90%9.00%9.25%10.61%
608.90%9.00%9.25%11.13%

0.25% additional interest for senior citizens

::Financials::

31st march,201431st march,2013
Total Income from Operations5,275.234,094.99
Net Profit After Tax964.77928.91

::Who can Invest::

  • Resident Individuals
  • Corporate
  • Trust
  • NRI

 Crossed A/C Payee Cheques or DD should be payable to “MMFSL-Fixed Deposit” payable at all Banking Locations.

 

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