• DHFL Fixed Deposit (FD) Rates 2021

    DHFL offers a number of financial products and Fixed Deposits (FDs) are also one of their product offerings. The interest rate paid by DHFL is very good and more than what an average bank would pay. The rates paid will be different based on the type of term deposit scheme chosen by the customer. Read on further to know more about the interest rates on DHFL FDs.

    DHFL Ashray Deposit Plus Interest Rates

    Investment period Rate for regular FDs (per annum) Privilege customers Senior Citizen FD rates (per annum)
    12 months 7.70% 7.95%
    14 months 7.75% 8.00%
    24 months 7.80% 8.05%
    36 months 7.85% 8.10%
    40 months 7.90% 8.15%
    48 months to 120 months 8.00% 8.25%

    *Privilege customers include senior citizens, widows, army personnel and DHFL loan borrowers.

    Features & Benefits of DHFL Scheme:

    1. Multiple options are available for interest payout: Monthly, quarterly, half-year and annual.
    2. Investor can choose FD tenure between 1 year to 10 years.
    3. The privileged customers get an additional interest rate of 0.25%
    4. The FD schemes come with auto-payment and auto-renewal options.
    5. The FD renewal options get an additional interest rate of 0.15%, subjected to terms and conditions.

    Documents required for an FD application at DHFL:

    1. For address proof: Latest telephone bill or electricity bill, bank account statement, ration card, etc.
    2. For identity proof: Aadhar card, passport, driving licence, voter’s card, etc.
    3. PAN card.
    4. 2 passport size photographs.
    5. Filled application form along with signature.

    Types of DHFL Fixed Deposit Schemes:

    • Aashray Deposit Plus: This fixed deposit scheme is designed to give two-fold growth of the invested amount.

    • Swayamsidha Deposit for women: This FD deposit is for women and gives returns at a higher rate of interest. This FD also has a death insurance cover of Rs. 1 lakh and tax exemption of up to Rs. 5000.

    • Weath2health fixed deposit: This FD is designed to give benefits related to health care and comes with a deposit card which can be used for paying hospital bills. This scheme also gives an accidental coverage of Rs. 1 lakh.

    DHFL loan against FD

    The customer can avail the loan facility and get a loan of 75% of the deposited amount. The outstanding amount of loan along with interest can be settled by the customer before the FD matures or can be adjusted with amount received after maturity.

    Nomination facility on DHFL FD

    The FD depositor can nominate another person, singly or jointly, to avail the FD benefits in case of his death. If the FD is in name of a minor, the lawfully entitled minor’s guardian will take nominee decisions.

    DHFL premature withdrawal facility

    DHFL permits premature withdrawal of the deposited amount after completing 3 months from the date of deposit. The rate of interest applicable will be as follow:

    Completed tenure from the deposit date Interest rate (p.a.)
    Minimum lock-in period 3 months
    After 3 months but before 6 months For individual depositors, interest payable shall be 4%. For other categories, no interest is payable.
    After 6 months but before FD maturity 1% less interest than the specified interest rate is payable on the deposited amount. In case of no specifiedate, 2% less than the minimum rate is accepted by DHFL.

    FAQs on DHFL Fixed Deposit (FD) Rates

    1. What is the lowest rate of interest on FD schemes by the DHFL?

      The lowest interest rate for a period of 1 year 7.70%.

    2. What is the minimum deposit amount for an FD at DHFL?

      The minimum deposit amount for an FD at DHFL is Rs.2000.

    3. What is the special rate of interest for senior citizens?

      Senior citizens get an addition interest benefit of 0.25% with DHFL FD.

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