DHFL or Dewan Housing Finance Ltd. was established on 11th April 1984 by Late Shri Rajesh Kumar Wadhawan. DHFL was conceptualised with the sole aim of ensuring that every Indian owns a home. DHFL focusses on providing affordable home loans to its customers. It also ensures security and ease of repayment of the loan. Late Shri Rajesh Kumar Wadhawan had a clear objective of advocating the social requirement in India of owning a home.
DHFL enjoys the uncontested spot of India’s second largest privately owned housing finance company. Its corporate and national offices are located in Mumbai, Maharashtra and it has 365 offices across the nation. DHFL also caters to non-resident Indians with offices in Dubai, UAE and London, UK.
About DHFL Fixed Deposit
DHFL offers its customers with the option of a fixed deposit account under the scheme, ‘Aashray Deposit Plus’. The Aashray Deposit Plus supersedes other fixed deposit options with promisingly high returns, unrivalled security of your money and instant liquidity of your vested assets at the time of your need. Aashray Deposit Plus is backed by the 30 year heritage of DHFL, thus giving its depositors stability and security of their assets under the well-established banner. DHFL fixed deposit accounts also ensures that its customers’ financial obligations are serviced in a timely and safe fashion making it the depositor’s dream.
One indication that DHFL is a safe place to invest your money is the credit rating that the company enjoys. They have AAA credit rating from CARE. They also have AAA rating from Brickworks and a Crisil rating of CRISIL A1+.
Eligibility for a Fixed Deposit Account with DHFL
In order to avail a fixed deposit account with DHFL under the Aashray Deposit Plus policy, you have to have the following documents-
- Address proof
- Identity card
- Pan card
- A permanent address
- A telephone number
The following entities are eligible to open an Aashray Deposit Plus fixed deposit account-
- Clubs and
Features of the DHFL Fixed Deposit Account
Following are the attractive features of the DHFL fixed deposit policy, Aashray Deposit Plus-
- High returns on investments
- Assured security of vested assets
- Prompt liquidity
- Electronic Clearing Facility (ECS) for interest payments
- Customized deposit options for different customers
- Free accidental death insurance of 1 lakh for individual investors
What Is the Minimum Amount Required to Open a Fixed Deposit Account with DHFL?
The minimum amount required in order to open a fixed deposit account with DHFL under the Aashray Deposit Plus scheme is ₹ 2,000.
Additional deposits can be made over the base amount in multiples of ₹ 1,000.
What Is the Minimum and Maximum Duration of a Fixed Deposit under the Aashray Deposit Plus scheme?
The minimum tenure for a fixed deposit account with DHFL is 12 months.
The maximum tenure for a fixed deposit account with DHFL is 120 months.
What Is the Procedure for Opening a Fixed Deposit with DHFL?
The procedure to open a fixed deposit account under the Aashray Deposit Plus scheme is visiting the nearest DHFL branch.
The simplest way to open a fixed deposit account with DHFL is to visit the BankBazaar website and follow the easy and simple steps to book a fixed deposit from the comfort of your own home.
Interest Rates Offered by DHFL on Fixed Deposits
The interest rates offered by DHFL are very attractive at 9.5% to 10.10%. for tenures ranging from 12 months to 120 months.
Are Loans Offered Against Fixed Deposits with DHFL?
DHFL, under the Aashray Deposit Plus scheme offers its depositors the option of availing loans against their fixed deposit accounts to a maximum of 75% of the principal amount and the interest accrued.
Is the Aashray Deposit Plus Scheme Tax Deductible?
Deposits under the Aashray Deposit Plus scheme are entitled to tax deductible under section 11(5) (ix) of the Income Tax Act, 1961.
Can Senior Citizens Avail Any Benefits Under the Fixed Deposit Scheme of DHFL?
Aashray Deposit Plus scheme grants senior citizens with a privilege customer status by which senior citizens are offered a rate of an extra 0.40% above the rack rates of interest.
Are Premature Withdrawals allowed on the DHFL Fixed deposits?
Premature withdrawals are allowed after three months from the date of deposit. After 3 months but before 6 months, no interest will be payable. Post 6 months but before 12 months, the interest is paid at 3% less than the rate the policy was accepted with. If you withdraw after 12 months, the interest paid is 2% less than the deposit run period.
Can NRIs open a Fixed Deposit account?
Yes, NRIs can open a Fixed Deposit Account with DHFL Bank.