Rates verified from official source

Mahindra & Mahindra Financial Services Limited interest rates · November 2026

Top FD rate
7.80%
36 months
Senior citizen FD
8.15%
36 months

Mahindra Finance FD rates

1 year6.85%Senior 7.10%3 years7.80%Senior 8.15%5 years7.80%Senior 8.15%
All tenures, calculator and comparison →

What will my FD earn at Mahindra Finance?

Estimated value after 1 year · before tax ₹5,35,140 6.85% p.a. · ₹35,140 interest · quarterly compounding
Compare 1 year across banks → Save or plan this →

Overview

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) is a non-banking finance company (NBFC), headquartered in Mumbai, established in 1991.

Headquarters
Mumbai
Established
1991
Monitored since
26 Oct 2026
Ownership
Deposit-taking NBFC (RBI upper layer, publicly listed)
Operates in
All India (nationwide)
Financial health
Credit rating CRISIL
AAA
Rating details ↓

Health indicators sourced from official 2026 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates verified from official source. Non-banking finance company (NBFC): deposits are not insured by DICGC. Compare the credit rating along with the rate.

RBI record

Every RBI press release since 1 Jan 2024 that names Mahindra & Mahindra Financial Services Limited, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹11.50 lakh

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Fair Practices Code’ and ‘Internal Ombudsman for Regulated Entities’”

    What RBI found

    “i) The company levied revised foreclosure charges on certain accounts of borrowers without incorporating a suitable condition in their loan agreements; and ii) The company failed to ensure: escalation of certain complaints, partly / wholly rejected by the company’s Internal Grievance Redress Mechanism to its Internal Ombudsman within the prescribed time. communication of final decision to the complainant, within the prescribed time, in certain cases.”

    RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.”

    RBI press release 2025-2026/2192

  2. RBI fined the bank ₹71.30 lakh

    RBI's reason: “for non-compliance with certain provisions of the ‘Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ and ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ issued by RBI”

    What RBI found

    “The company did not disclose the processing fees and other charges in certain loan application forms; The company did not furnish copies of loan agreements and did not convey details of the loans in the sanction letters to certain borrowers; The company did not give a final chance to certain borrowers to repay the loans, before the sale / auction of vehicles; and The company allotted multiple customer identification codes to certain customers, instead of a Unique Customer Identification Code (UCIC) for each individual customer.”

    RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.”

    RBI press release 2025-2026/189

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Mahindra Finance Fixed Deposit rate changes

Changes to Mahindra Finance's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 26 Oct 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

31 Oct 2026
▲ 16 raised+0.20 to +0.45 pp
  • 18 months · General6.60% → 7.05% 0.45 pp
  • 18 months · Senior6.85% → 7.30% 0.45 pp
  • 36 months · General7.40% → 7.80% 0.40 pp
Show all 16 changesShow fewer
  • 42 months · General7.40% → 7.80% 0.40 pp
  • 36 months · Senior7.75% → 8.15% 0.40 pp
  • 42 months · Senior7.75% → 8.15% 0.40 pp
  • 48 months · General7.45% → 7.80% 0.35 pp
  • 60 months · General7.45% → 7.80% 0.35 pp
  • 48 months · Senior7.80% → 8.15% 0.35 pp
  • 60 months · Senior7.80% → 8.15% 0.35 pp
  • 12 months · General6.60% → 6.85% 0.25 pp
  • 12 months · Senior6.85% → 7.10% 0.25 pp
  • 24 months · General6.85% → 7.05% 0.20 pp
  • 30 months · General6.85% → 7.05% 0.20 pp
  • 24 months · Senior7.10% → 7.30% 0.20 pp
  • 30 months · Senior7.10% → 7.30% 0.20 pp
Bank's rate page ↗

See all Mahindra Finance rate changes →

Credit rating

What independent credit rating agencies say about Mahindra & Mahindra Financial Services Limited. Every rating links to the document it comes from, so you can check it yourself.

AAA
Headline rating
Fixed deposits · CRISIL · Stable
Highest safety: lowest credit risk
Latest rating action: 22 Apr 2026
AgencyInstrument RatingOutlook PublishedSource
CRISIL Fixed deposits ₹20,000 cr
Rated amount enhanced from ₹18,000 crore
 AAA Stable Reaffirmed
22 Apr 2026
 Agency rationale
CRISIL Subordinated (Tier II) debt ₹887 cr AAA Stable Assigned
22 Apr 2026
 Agency rationale
CRISIL Non-convertible debentures ₹2,125 cr AAA Stable Assigned
22 Apr 2026
 Agency rationale

Note: NBFC deposits are not insured by DICGC.

How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Deposits with NBFCs and housing finance companies are not insured by DICGC, so the rating matters more here: check it before you invest.

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Mahindra & Mahindra Financial Services Limited are not insured by DICGC: if the company fails, you are an unsecured creditor. Check its credit rating and financial strength, and avoid concentrating savings in one NBFC. Senior citizens (60+) typically earn an extra premium over the published general rates.
  • Mahindra Finance is a non-banking finance company, not a bank. Its deposits are not covered by DICGC insurance, so compare its credit rating and financial strength, not just the rate.
  • Senior citizens (60+) earn up to 0.35% p.a. more than general customers at Mahindra Finance, depending on the tenure.
official Effective unavailable · Ingested 31 Oct 2026 · Verified 13 Nov 2026 · View source

Informational only. Always confirm the current rate on the official Mahindra Finance website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.