According to a recent press report the fixed Deposit scheme offered by Mahindra finance provides maximum security, maximum 12.58% returns to their customers. The credit rating Agency FAAA CRISIL has rated Mahindra Finance as highest safest one to Deposit.
Mahindra and Mahindra Financial Services Limited is one of India’s leading non-banking finance companies. The bank has a vast network of branches, and offers personalised finance for the widest range of utility vehicles, tractors and cars, focusing on the rural and semi-urban sector. It offers car loans, tractor loans, commercial vehicle loans, personal loans etc.
MMFSL’s rural financing is considered as the cornerstone of poverty reduction, rural development and inclusive growth in many parts of the country. The company has offered loans to over Rs. 10, 00,000 to customers belonging to the rural area having low income.
The company offers financial assistance to customers who are at the bottom of the income or social pyramids to grow by providing them loans based on their future earning capacities. It also provides employment to over 6200 people who belong to the rural areas where the company operates.
how can i invest in fixed deposits bearing 12.58% and what should be the minimum contribution in this particular fd?