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Home > Fixed Deposit

Fixed Deposit

It is our privilege to introduce to you ‘DHFL Fixed Deposit Products’ which score high on returns, safety, and liquidity. A testimony to our quality portfolio is our rating – AAA (FD) by CARE and BWR FAAA by Brickwork – indicating highest degree of safety regarding timely servicing of financial obligations. DHFL’s FD products bring with them the stability of DHFL’s over 33 years of successful business operations.

In addition to this, another attribute of DHFL Fixed Deposits is its varied and customized deposit options for different customer types. DHFL’s FD Product ‘Aashray Deposit Plus’ has specialized variants for Individuals, Companies, Societies, Clubs and Trusts with tenures ranging from 12 to 120 months and interest rates up to 8.00%. DHFL also offers a specialized Fixed Deposit product for Women investors, namely ‘Swayamsidha’.

Individual customers who are Senior Citizens, Widows, Armed Forces personnel, DHFL Home Loan/SME Loan/Mortgage borrowers are accorded Privilege customer status on “DHFL Aashray Deposit Plus”, “Swayamsidha” and “Wealth2Health” products.

The customer can avail of an additional interest benefit of 0.25%, either on an “FD of ` 50Lacs & above” Or as a “Privilege customer”

Please call us on the toll free number 1800 22 3435 or text DHFL to 56677 for further information on DHFL Fixed Deposit Products.

Ratings

CARE AAA (FD)

Indicates highest degree of safety regarding timely servicing of financial obligations

BWR (FAAA)

Indicates highest degree of safety regarding timely servicing of financial obligations

Fixed Deposit Renewal Policy (w.e.f 5th May, 2017):

The interest on deposits ceases from the date of maturity. For renewal or repayment of deposit, the duly discharged deposit receipt must be surrendered to the company at least 5 days before the date of maturity. In case of renewal, the prescribed application form duly signed by all authorized signatories is required to be submitted simultaneously.

A depositor can renew the matured deposit anytime, provided the deposit has not been transferred to IEPF and provided the maturity date of the renewal deposit is atleast one year from the date of receiving the renewal request. The interest rate applicable on such renewal will be the interest rate as applicable on the date of maturity.

When the date of maturity falls on any day on which the company’s office / banks remains closed the repayment will be made on the next working day.


Highlights of Fixed Deposit Products

  • Safe, secure earnings of short/medium/long term investment
  • Additional earnings for Senior Citizens, Widows, Armed Forces personnel, DHFL Home Loan/SME Loan/Mortgage borrowers.**
  • Additional earnings on deposits of ` 50 Lacs & above**
  • Liquid Investments
  • Prompt and timely payments
  • ECS facility for interest payments
  • Hassle free process

Interest Rates on Fixed Deposits

Click here to know Fixed Deposit Interest Rates at DHFL

FAQs

  1. What is the minimum deposit amount required for opening FD account?
    The minimum amount required for opening a Fixed Deposit account is ` 2,000. Additional Deposit over the minimum amount to be in multiple of ` 1,000. The minimum deposit amount varies as per the scheme.
  2. What is the minimum tenure for which I can place a Fixed Deposit?
    The minimum tenure for a Fixed Deposit is 12 months.
  3. What is the range of tenure in which I can open a FD account?
    You can deposit money for 12 months and up to 120 months.
  4. Do senior citizens get any extra benefit on the FD?
    Yes, senior citizens will get an additional interest rate of 0.25 %.**
  5. What are nomination facilities available on FD?
    The facility of Nomination is available for relationships in the names of individuals.
  6. Is TDS applicable on Fixed Deposit?
    Tax is deducted at source, from the interest on Fixed Deposits, as applicable, as per the Income Tax Act, 1961.
  7. When do I become liable for TDS?
    If the aggregate interest income that you are likely to earn for all your deposits held in a branch is greater than ` 5,000 in a financial year, you become liable for TDS.
  8. When is TDS deducted?
    TDS is made every time the Bank pays interest during the financial year and the above mentioned criterion is satisfied. In addition, Tax is also deducted when the interest is credited /cumulated in the case of cumulative deposits.
  9. How do I approach DHFL to open an FD?
    Customer may visit the nearest DHFL branch or he can visit the website for further assistance.
  10. Is there any Special offer?
    Yes. DHFL offers 0.25% additional interest for individuals in the categories of Senior Citizens, Widows, Armed Forces personnel, DHFL Home Loan/SME Loan/Mortgage borrowers (appropriate proof should be furnished) .** DHFL also offers 0.25% additional interest rate for deposits more than or equal to ` 50 lacs.**
  11. Is there any Special scheme?
    Yes. DHFL has a product namely “Swyamsidha Deposit” specially designed and dedicated to women.
  12. How do I redeem my FD?
    After maturity of your FD, you can walk into any branch across the country and redeem the same by furnishing your Fixed Deposit receipt.
  13. Can I redeem my FD before the original term?
    Yes, Fixed Deposit can be closed before the original term of the Fixed Deposit. In the event of the Fixed Deposit being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with DHFL. In case of premature withdrawal the deposit may be subject to penal rate of interest as prescribed in below mentioned tabular column.

    Sr. No
    Period completed from date of deposit
    Rate of Interest payable (%p.a)
    A Minimum Lock in period Three months
    B After three months but before six months
    Interest payable shall be 4% p.a. (for individual depositors). No interest is payable in case of other category of depositors
    C After six months but before the date of maturity
    The interest payable shall be one percent lower than the interest rate applicable to a public deposit for the period for which the deposit has run or if no rate has been specified for that period, then two percent lower than the minimum rate at which the public deposits are accepted by DHFL.
  14. Can I obtain a loan from DHFL on the security of my FD?
    Yes, Loan against Fixed Deposit is available up to 75% of principal and accrued interest. You can approach us in any of the following ways:

    1. You may call our Toll Free Customer Care Centre at 1800223435 between 10 a.m. – 7 p.m.
    2. You may also SMS DHFL to 56677
    3. You can just walk-in to any of our branches.
  15. Does DHFL have any specific Fixed Deposit scheme for TRUSTs / NPOs?
    Yes. DHFL offers an exclusively designed Fixed Deposit for Trusts / NPOs.
  16. Is there any “Tax exemption” on Trust Fixed Deposit?
    Yes. Trust Deposit placed with DHFL qualifies under the category of specified investment as defined under section 11(5) (ix) of the Income Tax Act, 1961.
  17. Does DHFL have any Recurring Deposit (RD) product?
    Yes, DHFL offers recurring deposit scheme for everyone at a very attractive rate of interest.
  18. How can I contact DHFL FD executives?
    1. You may call our Toll Free Customer Care Centre at 1800223435 between 10 a.m. – 7 p.m.
    2. You may also SMS DHFL to 56677
    3. You may also visit any nearest branch of DHFL
  19. On what basis TDS limit will be determined in case of several FDs in different joint names?
    For TDS purpose all deposits will be clubbed on the basis of first name of depositor.
  20. Does an investor required to submit PAN No. to invest in Fixed Deposit?
    For deposits of ` 20,000 or more, PAN No. of investor(s) is / are mandatory.

** Effective 01Nov16: The customer will be able to avail the additional interest benefit of 0.25% either on an “FD of `50Lacs & above” Or as a “Privilege customer”.

Do's and Dont's

DO’S

  1. Do make a nomination for your Fixed Deposit in your application Form.
  2. Do make your payment only through Cheque / Demand Draft.
  3. Do ask for a Fixed Deposit receipt provided by the company after the realisation of the cheque.
  4. Do provide the PAN No. at the time of investment in the Fixed Deposit scheme of the Company.
  5. Keep the FD Receipt in your safe custody.
  6. Do submit form 15G/15H, if applicable.
  7. Do send FDR duly discharged 15 days before maturity for renewal/ repayment.
  8. Do sign FD form/Cheque

DONT’S

  1. Don’t forget to check on Company’s past performance
  2. Do not entrust your Fixed Deposit Receipt to unknown persons who may misuse
  3. Do not issue cheque without ensuring balance in your account.
  4. Do not issue bearer cheque.
  5. Do not issue cheque which is not in multiple of ` 1000 or different than amount of FD filled in the form

Fixed Deposit Calculator

Click here to view Fixed Deposit Calculator

Download Forms

Click here to view download forms

** Effective 01Nov16: The customer will be able to avail the additional interest benefit of 0.25% either on an “FD of ` 50Lacs & above” Or as a “Privilege customer”

Deposit rates are effective from 30th January 2017.

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