GRUH Finance Limited deals with two main products - home loans and Fixed Deposits (FDs). The GRUH term deposits are available at rates from 3.00% p.a. to 5.50% p.a. The tenure of investment ranges from 7 days to 10 years.
With effect from 17 October 2019, the deposit products of GRUH are available under Bandhan Bank.
Bandhan Bank offers 6 different types of fixed deposit schemes, namely – Standard Fixed Deposit, Tax Saver Fixed Deposit, Premium Fixed Deposit, Dhan Samriddhi Fixed Deposit, Advantage Fixed Deposit, and Super Saver Fixed Deposit.
The GRUH Finance Fixed Deposit rates for cumulative deposits are given in the following table:
| Maturity Period | Rate of interest p.a. (in %) | Senior Citizens) |
|---|---|---|
| 1 year- 2 years | 7.75 | 8.00 |
| 2 years 1 month-5 years | 8.00 | 8.25 |
| 5 years 1 month-10 years | 8.25 | 8.50 |
*The GRUH Finance FD rates are subject to change as per the discretion of the company. The current rates are valid as of 10 May 2021.
The FD rates* for GRUH Monthly Income Plan are indicated in the following table:
| Maturity Period | Rate of interest p.a. (in %) | Senior Citizens) |
|---|---|---|
| 1 year-2 years | 7.25 | 7.50 |
| 2 years 1 day-5 years | 7.50 | 7.75 |
| 5 years 1 day-10 years | 7.75 | 8.00 |
*The GRUH Finance term deposit rates are subject to change as per the discretion of the company. The current rates are valid as of 10 May 2021.
Experience Fixed Deposit Calculator Online: FD Calculator
The following table contains the interest rates* for GRUH Quarterly Income Plan deposits:
| Maturity Period | Rate of interest p.a. (in %) | Senior Citizens) |
|---|---|---|
| 1 year-2 years | 7.50 | 7.75 |
| 2 years 1 day-5 years | 7.75 | 8.00 |
| 5 years 1 day-10 years | 8.00 | 8.25 |
*The GRUH Finance Fixed Deposit interest rates are subject to change as per the discretion of the company. The current rates are valid as of 10 May 2021.
The rates of interest* for the GRUH Annual Income Plan deposit are given in the table below:
| Maturity Period | Rate of interest p.a. (in %) | Senior Citizens) |
|---|---|---|
| 1 year-2 years | 7.75 | 8.00 |
| 2 years 1 day-5 years | 8.00 | 8.25 |
| 5 years 1 day-10 years | 8.25 | 8.50 |
*The GRUH Finance FD rates are subject to change as per the discretion of the company. The current rates are valid as of 10 May 2021.
The given table shows the FD rates* for deposits under the GRUHINI Bachat Yojana:
| Maturity Period | Rate of interest p.a. (in %) | Senior Citizens) |
|---|---|---|
| 1 year-2 years | 8.00 | N/A |
| 2 years 1 day-5 years | 8.25 | N/A |
| 5 years 1 day-10 years | 8.50 | N/A |
*The GRUH Finance FD rates are subject to change as per the discretion of the company. The current rates are valid as of 10 May 2021.
GRUH Finance Ltd. offers deposits to TRUSTs at the following interest rates*:
| Maturity Period | Rate of interest p.a. (in %) |
|---|---|
| 1 year- 2 years | 8.00 |
| 2 years 1 month-5 years | 8.25 |
| 5 years 1 month-10 years | 8.50 |
*The GRUH Finance term deposit interest rates are subject to change as per the discretion of the company. The current rates are valid as of 10 May 2021.
Gruh Finance, a subsidiary of HDFC Ltd. offers several fixed deposit schemes divided into monthly, quarterly, annual and cumulative plans. A directive issued by the Reserve Bank of India has seen interest rate cuts across banks and financial institutions in the country. Following this, Gruh Finance has also revised its rates of interest for cumulative fixed deposits.
Gruh Finance offers an interest rate of 7.50% for a period of 13 to 23 months. For the term of 24 to 35 months, the interest rate offered is 7.75% per annum. An increase of 0.25% can be seen for tenures 36 to 47 months, 48 to 59 months; 60 to 71 months; 72 to 83 months; 84 to 95 months; 96 to 107 months; 108 to 119 months; and 120 months where the interest rate offered is 8% per annum. These new rates have come into effect from April 01, 2016.
5 April, 2016
Following the reduction of repo rate and the directive of the Reserve Bank of India towards banking and financial institutions to reduce the interest rates on their credit offerings, many banks have accordingly reduced rates for loans as well as deposits. Out of deposits, fixed deposits with many banks have undergone successive reductions over the past few months. However, not much has been observed as a change considering the offerings from Gruh Finance.
As of November 2015, the financial institution currently has the lowest interest rate at 7.75% per annum for a period of 1 year. Post that, the rates increase by fractional percentages of 0.25% till a maximum cap of 8.5% per annum that is valid for a period as long as 120 months. Gruh Finance doesn’t have any short term slabs for fixed deposits.
3 November, 2015
Gruh Finance, HDFC Ltd.’s subsidiary and a housing finance company that's recognised by the National Housing Bank. Gruh Finance also provides their customer with fixed deposits. The deposits that you can choose from to make a saving will be for a period of 1 Year 6 Months which would have earned you an interest rate of 8.5% will now earn you an interest of 8.25%. For a tenure of 13 months to 23 months the interest rate was 8.5% and continues to be the same. The changes in interest rates have come into effect only the RBI announced their repo rate cuts. The rates of interest of these fixed deposits also change with the change in lending rates.
28 October 2015
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
