Mahindra Finance launches special deposit schemes for digitally affluent customers

Chandigarh, February 25, 2022: Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, and one of India’s leading non-banking finance companies focused on rural and semi-urban sector, today announced the launch of a Special Deposit Scheme. This scheme, aimed specifically for digitally affluent customers is part of the company’s Digitisation drive.
 
In keeping with today’s digital world, depositors have an opportunity to interact directly with the deposit taking companies for placement of deposits. To leverage this opportunity, Mahindra Finance is announcing an innovative scheme that will offer 20 bps higher interest rates per annum on direct deposits. This scheme is in addition to prevailing deposit schemes which the company is already offering to its customers.
 
Vivek Karve, Chief Financial Officer, Mahindra Finance said: “The launch of this special deposit schemes is in accordance with our larger vision of offering multiple financial/ investment instruments through digital mode. Mahindra Finance’s fixed deposit schemes are FAAA rated by CRISIL, the credit rating that indicates Highest Safety”.