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    Overview of DHFL Fixed Deposit

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Fixed Deposit BYTES FROM OUR KITCHEN

    About DHFL

    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-

    • Individuals,
    • Companies,
    • Societies,
    • Clubs and
    • Trusts

    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.

    News About DHFL Fixed Deposit

    • DHFL launches short term deposits with attractive features

      DHFL, one of the leading private housing finance company in India has launched a short term corporate deposit scheme recently with attractive interest rates that varies with the tenure of the product. The product is mainly designed to meet the short term investment needs of a corporate customer. The deposit scheme is available only to public and private limited companies registered under the Companies Act 1956/2013. It has also got a ‘CRISIL A1+’ rating, proving that it is a reliable product. The minimum deposit amount for the scheme is Rs 10 lakh for a tenure of 31 to 364 days and comes with a cumulative interest option.

      18th July 2016

    • DHFL’s Wealth2Health FD wins GPIPS Award

      DHFL’s Wealth2Health Fixed Deposit was recently awarded the prestigious Golden Peacock Innovative Product and Service Award at a ceremony organised in Dubai. The award was given to DHFL for its innovativeness in the retail liability area, highlighting their dedication to offer quality products and services to customers. The Wealth2Health FD offers unique features like instant liquidity, high interest rates, cashless hospitalisation, etc. This award puts DHFL in a niche league of award winners, bearing testimony to their hard work and dedication.

      19th April 2015

    • DHFL launches Wealth2Health deposit scheme

      Dewan Housing Finance Corporation Limited (DHFL), one of the leading private housing finance companies in India, launches a new deposit scheme called Wealth2Health deposit that comes with aumber of additional insurance features. The new scheme pays an interest rate of 9.5% for deposits with tenures of two to three years. For a deposit opened for 40 months, it pays 9.6% which is slightly higher than what it pays for deposits of two to three years. The new deposit is a combination of fixed deposit, loan against deposit and a Wealth2Health card.

      Customers can enjoy a host of healthcare benefits such as access to network hospitals, discounts on various medical services and diagnostic tests and access to doctors by 24/7. Also, customers can take loan against this deposit to meet their medical expenses at select network hospitals. The Wealth2Health deposit offered by DHFL has been rated AAA by the rating agencies like CARE and Brickwork. The minimum investment required for this deposit is Rs. 25,000. Prior to this Wealth2Health deposit scheme, DHFL launched Aashray Deposit providing accidental death insurance cover up to Rs. 1 lakh.

      14th July 2015

    • DHFL offers health benefit on retail FD plan

      Taking the fixed deposit offering one notch higher, DHFL has announced health benefits on retail FD plans. This is the first time a company fixed deposit has launched such a product. The idea is to excite and encourage customers into availing fixed deposit schemes. Indian customers can now relax and avail health benefits via their fixed deposits without breaking them.

      Customers can now withdraw up to 75% of their fixed deposit amount during medical emergencies with an option to reinvest the amount anytime in future. So far for DHFL, the retail corporate fixed deposits form 8% of the total borrowings. The company wants to promote these deposits and hence the additional option of breaking the deposits. This FD by DHFL is known as Wealth2Health and is aimed to ease the process of withdrawing money from fixed deposit accounts.

      26th June 2015

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