DHFL Wealth 2 Health Fixed Deposit

1. A customer can use the card for hospital payments after three months from the date of the formation of the fixed deposit. However, discounts are readily available upon receipt of the Wealth2Health Deposit Card. Customer verification will precede authorization of any financial transactions.
2. The card can be used for cashless hospitalization and diagnostic tests up to 75% of the fixed deposit amount. It is important to note that the limit is adjusted every day based on the deposit amount which is used and the amount which is repaid.

1. The Wealth2Health Deposit Card has a limit in that a customer can use up to 75% of the deposit amount. The card can be used for linking multiple fixed deposits. It is important to note that the cumulative limit (on the card) is up to 75% of the cumulative principal of each fixed deposit.
2. When a customer utilizes the Wealth2Health Deposit Card to pay for any hospitalization expenses, it will result in the generation of loan against his fixed deposit. The loan amount will depend on the amount used by the customer at a hospital. The tenure of the loan is equivalent to the remaining maturity period of the fixed deposit. Also, the interest rate for the loan against fixed deposit will be 2% higher than the fixed deposit rate of interest.
3. A customer can repay the loan at any time. It is important to note that if the loan remains unpaid till the said fixed deposit reaches maturity, the total amount (outstanding) is deducted from the maturity proceeds.

Features of DHFL Wealth 2 Health Fixed Deposit

The salient features of DHFL Wealth 2 Health Fixed Deposit are listed below:

1. Minimum Deposit Amount: The minimum deposit amount under this scheme is Rs.25,000.
2. Tenures: The DHFL Wealth 2 Health Fixed Deposit is available for varying tenures such as 12 to 120 months.
3. Interest Rate: The interest rate offered by this deposit scheme does not differ from the regular fixed deposits offered by DHFL. However, single deposits of Rs.50 lakh and above are offered at an additional interest of 0.25%. Similarly, senior citizens, DHFL SME/home loan/mortgage loan customers, widows and Army personnel can avail of an additional interest of 0.25% under this deposit scheme.

The interest rates for deposit amounts less than Rs.50 lakhs are listed in the table below:

Additional rate of interest of Privilege Customers: 0.25%

Note: Privilege customers include Armed forces personnel, senior citizens, DHFL SME Loan / Home Loan / Mortgage Loan borrowers.

Updated on 24 September '16