Instant paperless account opening

Secured and future proof investment plan

Start with a deposit of as low as 25,000 rupees

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    Features and benefits

    A fixed deposit is a low-risk financial instrument offered by banks, post offices, or NBFCs. At MAKS Finserv, we offer you the best rates to help you earn better returns.

    Amid the rising market volatilities, MAKS Finserv FD offers you assured returns and steady saving growth. This allows you to build your savings without any effect of market fluctuations.

    Secured Returns

    Get high secured high returns on your investment for post-retirement expenses.

    Flexible Tenors

    The longer you invest the more you earn. Enjoy flexible tenors up to 60 months.

    Low Deposits

    Start investing with an amount as small as 25,000 rupees.

    Paperless

    In a hurry to invest? We have got you covered with our quick paperless process.

    Eligibility and Documents Required

    Individuals:

    • Resident Indians
    • Persons of Indian origin
    • Non-resident Indians
    • Overseas citizens of India

    For Individuals

    • Latest Photograph
    • KYC of all Applicants (1. PAN Card 2. Aadhaar Card, Passport, Driving License, voter ID)

    For a Public/private limited company

    • Certificate of registration
    • PAN
    • Partnership deed
    • KYC of authorised signatories

    For a Hindu Undivided Family (HUF)

    • PAN
    • HUF deed and declaration
    • KYC of Karta

    For Statutory body/Local Authority

    • Copy of the permission granted by the government authority/ respective ministry to invest
    • Certificate of incorporation/ registration
    • PAN card
    • Latest telephone bill or electricity bill or bank account statement
    • KYC of authorised signatories

    For Societies

    • Certificate of incorporation/ registration
    • Memorandum and articles of association
    • Board resolution for opening the account
    • PAN
    • Latest telephone bill or electricity bill or bank account statement
    • KYC of authorised signatories

    Age

    Individuals need to be above 18 yrs of age

    Non-individuals

    • Sole proprietorships
    • Partnership firms
    • Companies
    • Hindu unified families
    • Clubs
    • Associations
    • Societies
    • Family trusts

    Types of personal loan interest rates

    Personal loans come with two types of rates of interest: Fixed interest rate and floating interest rate.

    1. Fixed interest rate
    As the name suggests, the interest rate remains the same throughout the loan tenor. Thus. the loan E Ils will also remain constant.

    2. Floating interest rate
    A floating, adjustable, or variable interest rate is linked to an internal benchmark of a financial institution. Changes to this benchmark will affect the rates. Hence, floating rates vary throughout the loan tenor.

    Both of these rates have advantages and disadvantages. Fixed rates keep ENls constant, which helps in budgeting. On the other hand, floating rates go up or come down along with the internal benchmark rate.

    Methods for Interest Calculation on Personal Loan

    1. Flat rate method
    In this method, the applicable rate of interest is charged on the entire principal throughout the tenor.

    2. Reducing balance method
    In the diminishing balance or reducing balance method, the applicable rate of interest is chargeable on the outstanding principal after each EMI is paid off. Thus, the interest is calculated every month on the loan balance. Borrowers pay lower interest on the loan compared to the flat rate method.

    Interest rate calculation formula

    The interest rate for a personal loan through the flat rate method and the reducing balance method is calculated using the following formula:

    1. Flat rate method
    The rate of interest is chargeable on the entire loan principal. The formula for this method is — ENI = (principal + total interest payable) / loan tenor in months Wherein, total interest payable = P x r x n/100

    Contact MAKS Finserv Customer Care

    If you are a new customer who is looking for information about the
    MAKS Finserv Fixed Deposit

      Frequently Asked Questions

      All residents over 18 years can invest in MAKS Finserv Fixed Deposit through both online and offline modes. Minors, NRIs, and non-individuals who want to invest in MAKS Finserv FD, kindly connect with our representative or write to us at [email protected]
      A fixed deposit is a savings option that helps you earn interest on savings parked with a financier of your choice. You can choose to get returns periodically or at maturity. The interest rates are typically higher than savings accounts because money is locked in for a specific period and cannot be withdrawn at the will of the depositor, except in specific scenarios in which the customer is ready to bear the penalty for premature withdrawal.

      MAKS Finserv offers cumulative and non-cumulative interest payment options.

      In a non-cumulative fixed deposit scheme, the interest is payable monthly, quarterly, semi-annually, or yearly. This scheme will be convenient if you require periodic interest payments.

      In a cumulative fixed deposit scheme, the interest is payable at maturity along with the principal and is compounded annually. This scheme is suitable for individuals who do not require periodic interest payouts. The final payout at maturity will be subject to deduction of tax, wherever applicable.

      No, there are no benefits on FD renewal.

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      For Assistance

      Contact us today to learn more about MAKS Finserv or to seek any financial assistance related to loans, insurance, investment and credit cards.

      +91 9717708810

      [email protected]

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