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Mahindra Finance rises on launching Special Deposit Scheme

23 Feb 2022 Evaluate

Mahindra & Mahindra Financial Services is currently trading at Rs. 152.80, up by 1.00 points or 0.66% from its previous closing of Rs. 151.80 on the BSE.

The scrip opened at Rs. 152.95 and has touched a high and low of Rs. 153.40 and Rs. 151.85 respectively. So far 106619 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 220.55 on 22-Mar-2021 and a 52 week low of Rs. 138.00 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 162.45 and Rs. 148.65 respectively. The current market cap of the company is Rs. 18823.30 crore.

The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 34.62% and 13.23% respectively.

Mahindra & Mahindra Financial Services (Mahindra Finance) has launched 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.

The company will offer this Special Deposit Schemes through digital mode to depositors via the company website https://www.mahindrafinance.com/ for investment. With various digitised and automation backend processes, Mahindra Finance is confident of providing a seamless experience to its deposit holders. Under these schemes, the depositors can place their deposits for a tenure of 30 and 42 months, which will carry 6.20% and 6.50% interest rate respectively. Both cumulative and non-cumulative options are available for depositors to choose from. Further, senior citizens shall be eligible for another 20 bps higher rates.

Mahindra Finance is one of India’s leading non-banking finance companies.

Mah & Mah Finl. Serv Share Price

299.75 2.45 (0.82%)
17-Apr-2026 16:59 View Price Chart
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