Deposit FAQs

The minimum amount required for opening a fixed deposit account is Rs. 5,000. Additional Deposit over the minimum amount to be in multiple of Rs. 1,000. Minimum Deposit Amount varies as per the scheme.

The minimum tenure for a fixed deposit is 12 months.

You can deposit money for 12 months and up to 120 months (excluding 13 months, which is exclusively for Trusts & 18 months which is exclusively for women investors).

Yes. DHFL offers 0.40% additional interest for individuals in the categories of Senior Citizens, Widows, Defence personnel, DHFL Home Loan/SME Loan/Mortgage borrowers (appropriate proof should be furnished).

Yes, women investors are offered a special tenure of 18 months.

The facility of Nomination is available for relationships in the names of individuals

Tax is deducted at source, from the interest on Fixed Deposits, as applicable, as per the Income Tax Act, 1961.

If the aggregate interest income that you are likely to earn for all your deposits held in a branch is greater than Rs. 5,000 in a financial year, you become liable for TDS.

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.

We offer auto renewal option with a benefit of additional 0.15% interest rate on the maturing FD, alternatively, auto-credit of the matured amount into the same bank account from where the investment amount was received.

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.NoPeriod completed from date of depositRate of Interest payable (%p.a)
AMinimum Lock in periodThree months
BAfter three months but before six monthsInterest payable shall be 4% p.a. (for individual depositors). No interest is payable in case of other category of depositors
CAfter six months but before the date of maturityThe 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.

Yes, you can obtain Loan up to 75% of Principle amount on Your Fixed Deposit.

DHFL offers an exclusively designed fixed deposit for Trusts / NPOs.

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.

DHFL offers Recurring Deposit scheme at a very attractive rate of interest.

1. You may call our Toll Free Customer Care Centre at 1800223435 between 10 a.m. – 6 p.m.
2. You may also visit any nearest branch of DHFL

For TDS purpose all deposits will be clubbed on the basis of first name of depositor.

For deposits of Rs. 50,000 or more, PAN No. of investor(s) is / are mandatory.

*Effective April 1, 2018: The customer will be able to avail the additional interest benefit of 0.40% as a “Privilege customer”


Deposit rates are effective from Nov 19, 2018.