In these uncertain times, get the most of your hard-earned money without the risk of losing it. Invest your money in our Fixed Deposit schemes that offer you highly competitive interest rates and help it grow consistently over a period of time.
Features:-
- The MMFSL Fixed Deposit has a Crisil rating of ‘FAAA’, which indicates a high level of safety
- Cumulative as well as non-cumulative options available
- 0.25% additional rate for senior citizens & Employees Relatives.
- 0.35% additional interest for all Mahindra group company employees and Employees Relatives
Documentation:-
For Resident Individuals
ID & Address proof
- Passport
- PAN Card
- Voters Identity Card
- Driving License
- Bank Pass book with photo
- Aadhaar Card
- Any other Govt/Regulator approved ID proof
- Cancel cheque leaf for Bank account verification.
Incase the address mentioned above document differs from the current address, a copy of anyone of the following documents to be furnished as proof of residential address.
- Telephone bill
- Bank account statement
- Letter from any recognised public authority
- Electricity bill
- Ration card
- Letter from employer
For Companies
- PAN Card
- Adress Proof (Bank statement, Telephone Bill)
- Certificate of incorporation
- Memorandum of Article & association & Latest Board resolution with specimen signatures.
- Authorized Signatory list
- Photograph of the signatories
- Cancel cheque leaf for Bank account verification.
- ID & Address Proof of Authorized signatories
For Non-Resident Indians (NRI)
- Passport with valid visa
- Overseas employment letter (optional for confirmation of residential status and overseas address)
- A PIO card to establish Indian Origin, if it is a foreign passport.
- Pan card
- A local address proof if different from the passport address
a) Bank account statement or passbook
b) Local Property papers with registration deed
c) EB Bill card
d) Voter Id or Driving License - Tax Residency Certificate from the Income Tax department of the country the investor is a resident
- Copy of the passport as of the beginning of the current financial year and end of financial year
For Partnership Firms
- PAN Card
- Address Proof (Bank statement, Telephone Bill)
- Partnership Deed
- Resolution copy
- ID &Address Proof of all Authorized Signatories
- Photograph of the signatories
- Cancel cheque leaf for Bank account verification.
For Trusts and Foundations
- Names of trustees, settlers, beneficiaries and signatories
- Names and addresses of the founder, the managers/directors and the beneficiaries
- Telephone/fax numbers
Please note that we accept 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
- 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
- Cancel 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.
HUF
The below documents should be considered for ID proof:
- HUF Pan card
- HUF/Kartha Adress Proof & identity proof of Kartha
- Photograph
- Cancel cheque leaf for Bank account verification.
Family Trust
The below documents should be considered for ID proof:
- Copy of the Registration Certificate
- 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
- Cancel cheque leaf for Bank account verification.
- Trust Deed
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.
Sole Propritorship
The below documents should be considered for ID proof:
- ID & Address proof of the proprietor
- PAN card of proprietor
- Address Proof
- Photograph
- If the sole proprietorship is in different name, the bank statement, OR registration certificate OR
- telephone bill
- Cancel cheque leaf for Bank account verification.
CLUB, ASSOCIATION, SOCIETY
The below documents should be considered for ID proof:
- 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
- Cancel cheque leaf for Bank account verification.