Mahindra Finance Fixed Deposit Calculator

Calculating potential returns is essential before investing in a fixed deposit. This helps you plan the required principal accordingly. Thus, if you choose Mahindra Finance as your fixed deposit provider, you can use the online calculator on the Stable Money website.

Many people opt for their various FD schemes, as Mahindra Finance is AAA-rated by CRISIL and thus trusted among FD customers. Here, we will guide you through the steps of using a Mahindra Finance fixed deposit calculator and also discuss its various advantages. 

How to Use Mahindra Fixed Deposit Calculator for Maximised Returns?

The Mahindra FD calculator is a user-friendly, online tool that assists you in planning your investments wisely. You can use it for free once you sign up on the Stable Money website. 

Next, you can navigate to the appropriate sections to compare the potential FD returns of Mahindra Finance with those of others providing competitive rates - all through a single platform.

These are the steps to use the Mahindra Finance fixed deposit calculator:

Step 1: Enter your desired principal amount.

Step 2: Specify the interest rate as promised by Mahindra Finance for the particular tenure. 

Step 3: Mention the duration of your FD. 

After you have filled out the parameters, the calculator will immediately show you the maturity amount along with the accrued interest. If the amount at maturity tends to be lower than your expected sum, you must either increase the principal or the tenure of your investment. 

Let us understand this better with an example. 

Suppose you decide to invest ₹2 lakh in one of Mahindra Finance's fixed deposit schemes at 8.35% p.a. for 60 months. In that case, while calculating your returns online, you would need to fill out the parameters as follows:

• Fixed Deposit Amount or Principal Invested: ₹2,00,000
• Interest Rate: 8.35%
• Tenure: 60 months (5 years)

Next, the calculator will show the maturity amount as ₹2,98,659. This includes the principal you initially invested of ₹2 lakh and the interest earned through investment, which is ₹98,659. 

Formula Used by the FD Calculator of Mahindra Finance

To calculate the fixed deposit returns, mainly two formulas exist. 

1. Simple Interest Formula: This method of interest calculation only applies to the invested principal only. Your investment will be calculated in the following manner:

Simple Interest = Principal x Rate of Interest x Time Period or Tenure (in years)

1. Compound Interest Formula: It is a different formula that applies to fixed deposit accounts where the interest is cumulatively calculated on both the invested amount as well as the interest added during previous periods. Most FD calculators, including the Mahindra Finance fixed deposit calculator, are based on this compound interest formula.

Compound Interest = P (1 + r/n) rt - P

Here, P is the principal invested initially. Next, r, n, and t represent the rate of interest, the number of interest periods counted, and the tenure of the investment respectively. 

Instead of manually calculating returns, you can access the Stable Money website. Our digital FD calculators are integrated with the relevant formulas to provide instant, error-free results. Additionally, they can help you develop a clear idea about the available FD schemes. 

Advantages of Using the Mahindra Finance FD Calculator 

The major benefits of using the online fixed deposit calculator are listed below:

• It is free and easy to use for anyone.
• The output produced instantly is very much dependable.
• Customers can use online FD calculators to calculate returns for both cumulative and non-cumulative schemes.
• The calculator provides a vivid picture of the future returns, thus helping individuals make informed financial decisions.
• Lastly, there are dropdown options to eliminate the risk of typos while specifying the tenure, principal or interest rates. 

In a nutshell, it saves your time and reduces any risk of error in the calculation. 

Reason to Choose Stable Money for Mahindra Finance Fixed Deposit

In addition to the user-friendly calculator, Stable Money offers you attractive FD returns over flexible tenures extended by Mahindra Finance. Here, you can take a quick look at the rates before investing for a period that best suits your financial goals.

Customers are allowed to open an FD account with Mahindra Finance with amounts as low as ₹5,000. However, when calculating returns using the Mahindra Finance fixed deposit calculator, you can enter any amount to see the maturity sum. This is mainly because there is no upper investment limit for Mahindra Finance fixed deposit holders.

So, why wait any longer? Explore the Stable Money app and find rewarding fixed deposit options from RBI-registered issuers that are available year-round.