Dewan Housing Finance Limited or DHFL, as it is popularly called, is a leading provider of financial services in the country. The company has a wide range of fixed deposit plans for its customers. FD rates are subject to market conditions and, hence, are prone to change.
To ease the search process for a suitable FD option, the above table lists all the Fixed Deposit tenures and their corresponding interest rates offered by DHFL. The company does not have a provision for short-term deposits and offers a minimum tenure of 1 year.
Medium-term FDs start from 1 year to 5 years and offer an interest rate ranging from 9% to 9.25%, with a peak rate of 9.35%, which is offered on deposits that are fixed for a period of 3 years 4 months.
DHFL Long-Term FDs offer a pretty standard and consistent interest rate of 9.25% across all fixed deposits that are made for any period between 6 and 10 years.
DHFL offers attractive as well as competitive interest rates for its senior citizen customers. A short-term Fixed Deposit of 1 year earns an interest of 9.25%. Deposits which are made for 2-3 years earn a rate of 9.50%. The highest interest earn is for the tenure 3 years 4 months of 9.60%. The rate of interest becomes uniform at 9.50% for all fixed deposits between 4 years and 10 years.
Interest rates on DHFL deposits are attractive and are higher when a medium tenure is chosen. All the rates stated above are compounded half-yearly.
The rates for deposits across banks in India have seen deductions post the repo rate cut by the Reserve Bank of India. While loans have also seen a sizable reduction, reductions in fixed deposit rates are not that much of a good news. DHFL has kept its rates on fixed deposit at more agreeable values for amounts below INR 50 lakhs. The financial institution is popular in the segment of housing finance and has lowered rates for loans, but interestingly has maintained its lucrative interest rates on fixed deposits.
As of November 2015, deposits of 12 months earn interest at a rate of 9% per annum and that is the current lowest rate on offer from DHFL. Tenures of deposits ranging from 14 months to 36 months get a nominal increase of 0.25% and thus offer an interest rate of 9.25% per annum. The same rate is also applicable for tenures of 48 months to 120 months. The highest rate of interest offered by DHFL is currently 9.35% per annum and is applicable for deposit tenures of 40 months. For senior citizens, all applicable rates are upped by an additional 0.25% as per the same tenures.
4th November, 2015
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