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.
|Investment period||Rate for regular FDs (per annum)||Privilege customers Senior Citizen FD rates (per annum)|
|48 months to 120 months||8.00%||8.25%|
*Privilege customers include senior citizens, widows, army personnel and DHFL loan borrowers.
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.
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 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.|
The lowest interest rate for a period of 1 year 7.70%.
The minimum deposit amount for an FD at DHFL is Rs.2000.
Senior citizens get an addition interest benefit of 0.25% with DHFL FD.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.