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    Overview of DHFL Swayamsidha Deposit for Women

    All fixed deposits offered by DHFL are AAA rated by CARE. DHFL offers a special deposit scheme for women known as ‘Swayamsidha’ with an investment of Rs.10,000. The DHFL Swayamsidha Deposit for women offers various benefits such as a high rate of interest at 9.1%, free insurance coverage and high returns on the deposits. What’s more, senior citizens and privileged customers can avail of an additional interest rate of 0.25%.

    Features of DHFL Swayamsidha Deposit for women

    The salient features of DHFL Swayamsidha Deposit for women are listed below:

    • Minimum Amount of Deposit: The minimum amount to be deposited by women under this scheme is Rs.10,000.
    • Tenure: The Swayamsidha Deposit is offered for a maximum tenure of 18 months.

    DHFL Swayamsidha Deposit Interest Rate

    • Additional interest: Privilege customers (senior citizens, widows, and DHFL SME / mortgage/home loan customers besides personnel from the Armed forces) can avail of an additional interest rate of 0.25%.
    • Loan against Swayamsidha: A customer can avail of the loan up to 75% of the deposit amount under this scheme.
    • Tax: Customers can avail of an exemption of Rs.5000 on the interest earned on the deposit under this scheme.
    • Insurance: A customer can avail of free accidental death insurance under this scheme for Rs.1 lakh. The first depositor can avail of the insurance in case of joint accounts.
    • Renewal: Customers can renew the Swayamsidha fixed deposits upon maturity, provided the request for renewal is sent prior to six months of the maturity date of the deposit.

    The table below provides information about applicable rates of interest:

    Swayamsidha Deposit Rates(Cumulative Deposit)
    Tenure Rate of Interest(Below Rs 50 Lacs) Rate of Interest(Rs 50 Lacs and above)
    18 months 8.85% 9.10%

    Swayamsidha Deposit Rates(Non-Cumulative Deposit)
    Tenure Rate of Interest(Below Rs 50 Lacs)
    Monthly Quarterly Half Yearly Yearly
    18 months 8.45% 8.50% 8.65% 8.85%
    Tenure Rate of Interest(Rs 50 Lacs and above)
    Monthly Quarterly Half Yearly Yearly
    18 months 8.70% 8.75% 8.90% 9.10%

    Minimum deposit for earning interest on a monthly basis with the Non-Cumulative Scheme is Rs 20,000. The minimum deposit for any other non-cumulative scheme is Rs 1,000.

    Updated on 22 September ‘16

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