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  • Fixed Deposit BYTES FROM OUR KITCHEN

    Overview of DHFL Fixed Deposit

    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.

    DHFL Fixed Deposit Reviews

    • DHFL Fixed Deposit
      "Online features should be improved for FD"
      0.5 3.0/5 "Satisfactory"
      They are providing amazing interest of 8.2% on FD account, I done the investment of Rs. 50,000 I done pre matured , I withdrawal the amount it has locking period of 3 month they didn't give any interest, draw back in DHFL, for fixed deposit account opening, we have to visit to the branch, the same procedure to close the FD.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Dec 04, 2018
    • DHFL Fixed Deposit
      "Good FD to have"
      0.5 3.0/5 "Satisfactory"
      I have a Fixed Deposit account with DHFL and felt the experience to be pretty good. I am expecting a very good return for the money I am investing in. I heard they have one of the best interest rate in the market. Overall the experience with them is good.
      Was this review helpful? 4
      , motihari
      Reviewed on Nov 07, 2017
    • DHFL Fixed Deposit
      "Good organization to keep best investment"
      0.5 5.0/5 "Blown Away!"
      In my five year of experience I have invested more amount in DHFL Fixed deposit account, they are providing the interest rate around 7 to 8% per annum. I used to make the cash payment by visiting their branch. I hope its a trusted one, will get good investment return.
      Was this review helpful? 6
      , kolkata
      Reviewed on Oct 19, 2017
    • DHFL Fixed Deposit
      "Processing is very fast"
      0.5 4.0/5 "Great!"
      I have allocated certain amount as Fixed deposit with DHFL around a year back. The rate of interest of the deposit offered at the time was 7% approximately and was better compared to the other bank rates offered. The tenure of the deposit was a year and It matured 4 months back. Their processing after maturity is also hassle free and easy.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Jun 03, 2016
    • DHFL Fixed Deposit
      "Special interest"
      0.5 5.0/5 "Blown Away!"
      The reason for choosing DHFL FD is because they are providing a special interest exclusively for ladies which is 9.35% for a period of 18 months. It is a good company and it is a number one housing finance when compared with others DHFL is providing the highest interest.
      Was this review helpful? 17
      , hyderabad
      Reviewed on Dec 09, 2015
    • DHFL Fixed Deposit
      "open fixed deposit"
      0.5 5.0/5 "Blown Away!"
      I opened a fixed deposit with DHFL with a Special Deposit Scheme for tenure of 40 Months with Interest Rate 9.85%. Company fixed deposits will give you a higher return than comparative bank fixed deposits. This is because of the additional risk, for example the DHFL fixed deposit that was concluded a few months ago offered interest rate of 9% per annum, when the highest rate offered by any bank was 7%. Normally, a higher time period will get you higher interest rates, but if you are not very comfortable with investing money in a company fixed deposit then you can select a shorter time frame like a  year. Like most investing decisions, whether you invest in these things or not, and how much money you do will depend on your particular circumstances. If you prefer safety over everything else, then it is best to leave these things alone. If you have a moderate risk appetite then you might as well try investing money with some of the better known companies.
      Was this review helpful? 24
      , mumbai
      Reviewed on Mar 26, 2015
    • DHFL Fixed Deposit
      "Best Interest Rate on Corporate FD like DHFL"
      0.5 4.5/5 "Excellent!"
      Dewan housing finance is a housing finance company ,,started its journey on 11th april 1984. Over 25 years passed since company inception, today DHFL stands strong as the third largest housing finance company and second largest in private sector. I opened fixed deposit with in this Bank Special Deposit Scheme for tenure of 40 Months with Interest Rate 9.85%. Company fixed deposits will give you a higher return than comparative bank fixed deposits. This is because of the additional risk, for example the DHFL fixed deposit that was concluded a few months ago offered interest rate of 9% per annum, when the highest any bank was offering was 7%. Normally, a  higher time period will get you higher interest rates, but if you are not very comfortable with investing money in a company fixed deposit then you can select a shorter time frame like a  year.
      Was this review helpful? 23
      , mumbai
      Reviewed on Nov 01, 2014
    • DHFL Fixed Deposit
      "Interest rate is impressive"
      0.5 5.0/5 "Blown Away!"
      I don't know much fixed deposit as depositing through brokers. Interest rate is 10.45% for 500 days. Once gets matured, either will take or renew it. Before 1 month, they would send the renewal letter through post. Overall am happy with the services.
      Was this review helpful? 28
      , chennai
      Reviewed on Aug 08, 2014
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