• DHFL Aashray Deposit Plus

    DHFL Aashray Deposit Plus offers attractive interest rate and yields high returns. Highest degree of safety is assured and timely service is offered. The account holder also gets insurance cover of Rs.1 lakh for single and first depositor in case of joint account.

    Eligibility Criteria for applying for DHFL Aashray Deposit Plus

    To open DHFL Aashray Deposit Plus, you must be:

    • Resident individual
    • Joint account holders
    • Proprietorship concerns
    • Companies
    • Trusts
    • Clubs
    • Educational institution
    • Partnership firm
    • Charitable institution
    • Minor but a guardian must apply in the minor’s name.

    Features of DHFL Aashray Deposit Plus

    Account type Joint or single accounts are offered to:
    • Individuals
    • Trusts and Institutes
    • Double my money
    Period and Amount
    • Individuals:
    Period Minimum deposit
    12 months Rs.2,000
    14 months Rs.10,000
    24 – 36 months Rs.2,000
    40 months Rs.2,000
    48 – 120 months Rs.2,000
    • Trusts and Institutes:
      Period Minimum deposit
      13 months Rs.50,000
    • Double my money:
    The minimum amount that can be prescribed is Rs.10,000 and future deposits are to be made in multiples of Rs.1,000. The doubling period is 80 – 86 months.
    Rate of interest Applicable interest rate will be levied on the deposits schemes.
    Interest payments Interest payments are made through ECS.
    Repayments Through cheque, RTGS or NEFT.
    Renewals Fixed deposits will be renewed from the date of maturity at the prevailing rate. If renewal is received within 6 months of maturity, FDR value date will be the deposit maturity date and not the date of receiving request from branch. If renewal request is received after 6 months from maturity date, the value date of the deposit that is renewed will be on which FDR and renewal request was received at the branch. The interest rate will be the prevailing rate on the date the FDR was received at the branch. If renewal request is received after 6 months from maturity, then the interest won’t be payable for the period between the date of maturity and renewal.
    Nomination Nomination facility is available.
    Loan Against individual deposit you will get up to 75% of the deposit amount as loan.

    DHFL Aashray Deposit plus Rates of Interest

    Rate of Interest offered by DHFL Aashray Deposit plus Scheme for Individual, Trust and Double My Money are listed below:

    DHFL Aashray Deposit plus Rates of Interest for Individual:

    DHFL Aashray Deposit plus Individual(Cumulative Deposit)
    Tenure Minimum Deposit Rate of Interest(Less than Rs 50 Lacs)
    12 months Rs 2000 8.50%
    14 months Rs 10000 8.75%
    24 months Rs 2000 8.75%
    36 months Rs 2000 8.75%
    40 months Rs 2000 8.90%
    48-120 months Rs 2000 8.75%
    Tenure Minimum Deposit Rate of Interest(Rs 50 Lacs and above)
    14 months Rs 10000 9.00%
    24 months Rs 2000 9.00%
    36 months Rs 2000 9.00%
    40 months Rs 2000 9.15%
    48-120 months Rs 2000 9.00%

    DHFL Aashray Deposit plus Individual(Non-Cumulative Deposit)
    Tenure Rate of Interest(less than Rs 50 Lacs)
    Monthly Quarterly Half Yearly Yearly
    12 months 8.10% 8.20% 8.30% 8.50%
    14 months 8.35% 8.40% 8.55% 8.75%
    24 months 8.35% 8.40% 8.55% 8.75%
    36 months 8.35% 8.40% 8.55% 8.75%
    40 months 8.50% 8.55% 8.70% 8.90%
    48-120 months 8.35% 8.40% 8.55% 8.75%
    Tenure Rate of Interest(Rs 50 Lacs and above)
    12 months 8.35% 8.45% 8.55% 8.75%
    14 months 8.60% 8.65% 8.80% 9.00%
    24 months 8.60% 8.65% 8.80% 9.00%
    36 months 8.60% 8.65% 8.80% 9.00%
    40 months 8.75% 8.80% 8.95% 9.15%
    48-120 months 8.60% 8.65% 8.80% 9.00%

    Additional rate of interest of Privilege Customers: 0.25%

    Note: Privilege customers include Armed forces personnel, senior citizens, DHFL SME Loan / Home Loan / Mortgage Loan borrowers.

    Minimum deposit for earning interest on a monthly basis with the Non-Cumulative Scheme is Rs 20,000. The minimum deposit for any other non-cumulative scheme is Rs 1,000.

    DHFL Aashray Deposit plus Rates of Interest for Trust:

    DHFL Aashray Deposit – Trust(Cumulative Deposit)
    Tenure Minimum Deposit Rate of Interest
    13 months Rs 50000 8.75%(below Rs 50 Lacs)
    13 months Rs 50000 9.00%(Rs 50 Lacs and above)

    DHFL Aashray Deposit – Trust(Non-Cumulative Deposit)
    Tenure Deposit Amount Rate of Interest
    Monthly Quarterly Half Yearly Yearly
    13 months < Rs 50 Lacs 8.35% 8.40% 8.55% 8.75%
    13 months >= Rs 50 Lacs 8.60% 8.65% 8.80% 9.00%

    Note: Minimum deposit for earning interest on a monthly basis with the Non-Cumulative Scheme is Rs 20,000. The minimum deposit for any other non-cumulative scheme is Rs 1,000.

    DHFL Aashray Deposit Plus Rates of Interest for Double My Money:

    DHFL Aashray Deposit Plus - Double My Money
    Minimum Deposit (for Cumulative Scheme) For Deposit Amount < Rs 50 Lacs For Deposit Amount Rs 50 Lacs and above
    Cumulative Non-Cumulative
    Rs 10000 98 Months for deposits up to Rs 50 Lacs 95 Months for deposits of Rs 50 Lacs and above

    Note: No additional benefits.

    DHFL Aashray Deposit plus FAQs

    1. How many deposit schemes does DHFL offer?

      DHFL offers individual, trusts and institutes and double my money scheme.

    2. What is the lowest and the highest period of deposit offered?

      The lowest period is 12 months and the highest period is 120 months.

    3. Can I avail loan against my deposit?

      Yes, loan can be availed against DHFL Aashray Deposit plus individuals. The loan amount that can be sanctioned is up to 75% of the deposit amount.

    4. Is nomination facility available?

      Yes, nomination facility is available.

    5. How are interest paid?

      Interest is paid through ECS.

    6. How are repayments made?

      Repayments are made through cheque or RTGS or NEFT.

    7. Will I get additional earnings?

      If you are a senior citizen, widow, Armed forces personnel, DHFL loan or SME loan or Mortgage borrower you will get additional earnings.

    Updated on 22 September ‘16

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