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Fixed Deposit – An Overview

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 Brickworks – indicating excellent credit quality. DHFL’s FD products bring with them the stability of DHFL’s 30 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 10.50%. DHFL also offers a specialized fixed deposit product for Women investors, namely ‘Swayamsidha’.

As an added benefit, DHFL Fixed Deposit Products for individual investors come with free accidental death insurance of ` 1 lakh (One Lakh). (For the first depositor in case the Fixed Deposit is held jointly.)

Individual customers who are either existing DHFL shareholders / home loan borrowers, widows or armed forces personnel, Senior citizens (age above 60) are accorded privilege customer status on “DHFL Aashray Deposit Plus” and “Swayamsidha” products, and thus get an additional 0.40% interest rate.

Please call us on the toll free number 1800 223 435 or text DHFL to 56677 for further information on DHFL Fixed Deposit Products.

Ratings:

CARE AAA (FD)

Indicates Highest Quality by all Standards and Highest Investment Safety

BWR (FAAA)

Indicates Excellent Credit Quality & High Investment Safety

Fixed Deposit Renewal Policy:

With effect from the 1st April, 2014, Fixed Deposit will be renewed from the maturity date at the rate prevailing on the said date, if renewal request is received within 6 months of the maturity date, the FDR value date in such case will be the deposit maturity date and not the date of receiving request from the branch.

If the deposit renewal request is received after 6 months from the deposit maturity date, the value date of the renewed deposit will be the date on which FDR along with renewal request is received at the branch and not the maturity date. The rate of interest applicable on the renewed FD will be the rate prevailing on the date the FDR is received at the branch and not the rate prevailing on the date of maturity.

If the deposit renewal request is received after 6 months from the deposit maturity date, no interest will be payable on the deposit for the interim period between the date of maturity and the date of renewal.

Highlights:

  • Safe, Secure Earnings of Short/Medium/Long Term Investment
  • High Returns for Longer Tenures up to 120 months
  • Additional earnings for DHFL Shareholders, Senior Citizens, existing DHFL Home Loan borrowers, Armed Forces Personnel and Widows
  • Liquid Investments
  • Prompt / Timely payments
  • ECS facility for Interest Payments
  • Hassle free process

Products:

Rate Of Interest:

Aashray Deposit – Individual (Deposit < 50 lacs)
Tenure Cumulative Non-Cumulative
General Customer Privilege Customer General Customer Privilege Customer
ROI (p.a.) ROI (p.a.) Monthly Quarterly Half Yearly Yearly Monthly Quarterly Half Yearly Yearly
12 Months 9.50% 9.90% 9.10% 9.20% 9.30% 9.50% 9.50% 9.60% 9.70% 9.90%
14 Months 9.75% 10.15% 9.35% 9.40% 9.55% 9.75% 9.75% 9.80% 9.95% 10.15%
24 Months 9.75% 10.15% 9.35% 9.40% 9.55% 9.75% 9.75% 9.80% 9.95% 10.15%
36 Months 9.75% 10.15% 9.35% 9.40% 9.55% 9.75% 9.75% 9.80% 9.95% 10.15%
40 Months 9.85% 10.25% 9.45% 9.50% 9.60% 9.85% 9.85% 9.90% 10.00% 10.25%
48 – 120 Months 9.60% 10.00% 9.20% 9.25% 9.40% 9.60% 9.60% 9.65% 9.80% 10.00%

 

Aashray Deposit – Individual (Deposit ` 50 lacs and above)
Tenure Cumulative Non-Cumulative
General Customer Privilege Customer General Customer Privilege Customer
ROI (p.a.) ROI (p.a.) Monthly Quarterly Half Yearly Yearly Monthly Quarterly Half Yearly Yearly
12 Months 9.75% 10.15% 9.30% 9.40% 9.50% 9.75% 9.70% 9.80% 9.90% 10.15%
14 Months 10.00% 10.40% 9.55% 9.65% 9.75% 10.00% 9.95% 10.05% 10.15% 10.40%
24 Months 10.00% 10.40% 9.55% 9.65% 9.75% 10.00% 9.95% 10.05% 10.15% 10.40%
36 Months 10.00% 10.40% 9.55% 9.65% 9.75% 10.00% 9.95% 10.05% 10.15% 10.40%
40 Months 10.10% 10.50% 9.65% 9.75% 9.85% 10.10% 10.05% 10.15% 10.25% 10.50%
48 – 120 Months 9.85% 10.25% 9.45% 9.50% 9.60% 9.85% 9.85% 9.90% 10.00% 10.25%

 

Swayamsidha Deposit
Tenure Cumulative Non-Cumulative
General Customer Privilege Customer General Customer Privilege Customer
ROI (p.a.) ROI (p.a.) Monthly Quarterly Half Yearly Yearly Monthly Quarterly Half Yearly Yearly
18 Months – Swayamsidha        (Deposit < ` 50 Lacs) 9.80% 10.20% 9.40% 9.45% 9.55% 9.80% 9.80% 9.85% 9.95% 10.20%
18 Months – Swayamsidha        (Deposit ` 50 Lacs and above) 10.05% 10.45% 9.60% 9.70% 9.80% 10.05% 10.00% 10.10% 10.20% 10.45%

 

Aashray Deposit – Trust
Tenure Cumulative Non-Cumulative
General Customer Privilege Customer General Customer Privilege Customer
ROI (p.a.) ROI (p.a.) Monthly Quarterly Half Yearly Yearly Monthly Quarterly Half Yearly Yearly
13 Months – Trust              (Deposit < `50 Lacs) 9.75% 10.15% 9.35% 9.40% 9.55% 9.75% 9.75% 9.80% 9.95% 10.15%
13 Months – Trust (Deposit ` 50 Lacs and above) 10.20% 10.60% 9.75% 9.85% 9.95% 10.20% 10.15% 10.25% 10.35% 10.60%
DOUBLE MY MONEY
General Customer ROI (p.a.) Tenure Privilege Customer ROI (p.a.) Tenure
Deposit Less than 50 lacs 9.75% 88 Months 10.15% 85 Months
Deposit 50 lacs and above 10.00% 86 Months 10.40% 83 Months
* Subject to TDS

** Deposit accepted only under cumulative scheme where the interest will be compounded half yearly.

Small Savings Scheme (Recurring Deposit)
Monthly (Minimum) Deposit ` Period in Months Rate of Interest % (p.a.)
500 12 Months to 120 Months 9.75%

FAQ’s

What is the minimum deposit amount required for opening FD account?

What is the minimum tenure for which I can place a fixed deposit?

What is the range of tenure in which I can open a FD account?

Do Senior citizens get any extra benefit on the FD?

What are nomination facilities available on FD?

Is TDS applicable on Fixed Deposit?

When do I become liable for TDS?

When is TDS deducted?

How do I approach DHFL to open an FD?

Is there any Special offer?

Is there any Special scheme?

How do I redeem my FD?

Can I redeem my FD before the original term?

Can I obtain a loan from DHFL on the security of my FD?

Does DHFL have any specific Fixed Deposit scheme for TRUSTs / NPOs?

Is there any “Tax exemption” on Trust Fixed Deposit?

Does DHFL has any Recurring Deposit (RD)product?

How can I contact DHFL FD executives?

On what basis TDS limit will be determined in case of several FDs in different joint names?

Does investor required to submit PAN No. to invest in Fixed Deposit?

DO’S AND DONT’S FOR THE ATTENTION OF INVESTORS:

DO’S

DONT’S

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