WHAT ARE THE SCHEMES AVAILABLE?

Interest will be payable on the deposit from the date of realisation of cheque / demand draft or RTGS transfer to HDFC's bank account. Interest on deposits placed under Monthly Income Plan , Non-Cumulative Option and Annual Income Plan shall be paid on fixed dates as given below :

Monthly Income Plan (MIP)	Last day of each month
Non - Cumulative - Quarterly	June 30, September 30, December 31 and March 31
Non - Cumulative - Half Yearly	September 30 and March 31
Annual Income Plan (AIP)	March 31

Cumulative Interest Option / Easy Way: Interest will be compounded annually on 31st March of every year after deducting the tax, where applicable. The principal along with interest will be paid on maturity once the discharged deposit receipt is received by us.

Interest amount (net of TDS - where applicable) will be paid through ECS at all centers where ECS facility is available. Where ECS facility is not available, interest cheque will be paid through "Account payee" cheque drawn in favor of the first named depositor along with his bank account details furnished. In case of MIP, post-dated interest cheques for every financial year will be issued in advance.

Interest on Monthly Income Plan under Variable Rate Deposit will be credited to the depositor's bank account on the last day of the month, through ECS only. Interest will accrue after the maturity date only if the deposit is renewed. Interest reset date for variable rate Deposits.

Rate of interest (ROI) will be reset at the beginning of each interest period. ROI prevailing on the first day of the interest period will be applicable for the entire interest period

HOW TO INVEST?

1. Applications for Deposits in the prescribed Form duly signed by all the joint applicants and accompanied by cheques or demand drafts should be sent to Wealth India Financial Services Pvt Ltd.
2. Payments should be made by means of an Account Payee cheque / demand draft made payable to "MMFSL- FIXED DEPOSIT" payable at par at the centers where the application is submitted..
3. Deposits will be accepted from Resident individuals, HUFs, Domestic Company, Charitable institutions and Minors (through their guardians only).
4. Signature by thumb impression must be attested by a Magistrate or a Notary Public or a Special Executive Officer under his Official Seal.

HOW IS FIXED DEPOSIT RECEIPT MAILED?

1. Fixed Deposit Receipts shall be mailed by courier or Registered/Speed Post within 6 weeks of the date of realization of the Cheque, at the address of the first applicant given in the Application Form. The Company shall not be responsible for any loss or delay in transit.
2. In case of loss or destruction or mutilation of the Deposit Receipt, the Company may at its sole discretion issue a duplicate receipt subject to compliance with its terms and conditions including an indemnity duly signed by all the joint depositors. All expenses in this connection will be borne by the depositor(s).
3. Fixed Deposit Receipts will not be transferable. The Company may however, at its discretion permit the addition of one name to the Deposit Receipt under certain circumstances and subject to such terms and conditions as it may deem fit. The Company will not accept or recognize any lien on or assignment of the Fixed Deposit Receipt for a loan taken from or by arrangement with the Company.

HOW IS THE PAYMENT OF INTEREST MADE?

Interest on Deposit (Non Cumulative) will be paid on 30th September and 31st March. In case of interest payment for part period the same will be made on pro-rata basis. However, if a Deposit is made within a period of 30 days prior to any of the interest payment date, the interest for the part period will be paid on the next interest payment date. Payment of interest will be made through interest warrant or through Electronic Clearing Service (ECS) in respect of the places where such facility has been offered by the Company.

WHAT IS THE RENEWAL/REPAYMENT OF DEPOSITS PROCEDURE?

1. The Deposit Receipt duly discharged on revenue stamp should be sent to Offices of the Registrar to the Fixed Deposit Scheme at least 4 weeks before the date of maturity to enable the Company to repay the Deposit. In the case of renewal, a fresh application form duly filled in should accompany the said discharge receipt. The application form can be obtained from the Company's Offices, Offices of the Registrar to the Fixed Deposit Scheme and Offices of the Principal Managers to the Fixed Deposit Scheme as per the addresses given herein.
2. The Fixed Deposit will be repaid only on maturity and not on demand or notice except at the discretion of the Company.
3. Repayment of the principal amount will be made by account payee cheque/demand draft on the Company's Bankers encashable at par/Electronic Clearing Service [ECS] facility/RTGS. iv. No change in the first name of the depositor is permitted at the time of renewal.

WHAT IS THE PREMATURE WITHDRAWAL PROCEDURE?

No premature withdrawal will be allowed before the completion of three months from the date of receipt as per the directions of the Reserve Bank of India currently in force. In case of request for premature withdrawal after the expiry of three months the rate given in the table below shall apply :

Period Exceeding	But Less than	Applicable Interest Rate
3 Months	6 Months	Nil
6 Months	Period of Deposit	The interest rate payable shall be 2% lower than the interest rate applicable for the period for which the deposit has run or if no rate has been specified for that period, then 3% lower than the minimum rate at which the public deposits are accepted by the Company.

However, all premature withdrawals are subjected to the prevailing guidelines of Reserve Bank of India as amended from time to time. In the event of death of a depositor, the deposit may be repaid prematurely to the surviving depositor/s in the case of joint holding with survivor clause, or to the legal heir/s with interest at the rate that would have ordinarily been paid, had such deposit been accepted for the period for which such deposit had run up to the date of repayment

Head Office
Mahindra & Mahindra Financial Services Ltd.
Sadhana House, 2nd floor, Behind Mahindra Towers,
570 P. B. Marg, Worli,
Mumbai - 400 018 India.

Tel.: 022-6652 6000
Fax: 022- 2490 0728