Gruh Finance, a subsidiary of HDFC, is a well-known name in the housing finance sector. Registered with the National Housing Bank (NHB), Gruh Finance also offers a range of fixed deposits (FDs) that come with attractive interest rates. With Gruh, investments can be made in both cumulative and non-cumulative schemes. Read further to know about the interest rates paid under each scheme.

Given below is an updated/revised table of Gruh Finance Fixed Deposit Interest Rates:

Gruh Finance Cumulative Growth Fixed Deposit Rates:

• Under the cumulative growth plan, the interest is compounded on a yearly basis
• For all short-term and medium-term tenures that range from 12 months to 60 months, the rate of interest is more than 7.00% p.a.
• An interest rate of 7.25% p.a. can be obtained for a tenure of 1 year, 2 years, 3 years, and 5 years
• All senior citizens will be paid an additional interest rate of 0.25% on all deposit tenures
• For a time period that ranges from 1 year to 5 years, the annual percentage gain will be 7.50% p.a. for those who fall in the senior citizen slab
• Those who invest money for a period of more than 60 months, will be paid interest at the rate of 7.00% p.a.
• While for senior citizens, the rate paid for a time period that is more than 60 months is 7.25% p.a.

Monthly FD highlights:

• In this type of term deposit, the interest is credited to the bank account of the investor on a monthly basis
• The interest rate that can be obtained for investing for a time frame that varies between 12 months and 60 months is 6.75% p.a.
• The rate paid for investing money for more than 61 months is 6.50% p.a.
• For senior citizens, for tenures below 60 months, the rate paid is 7.00%, while for tenures above 60 months, the rate paid is 6.75% p.a.

Quarterly FD highlights:

• The rate of interest paid on quarterly FDs is comparatively more than what is offered for monthly FDs, the difference works up to around 0.25% p.a.
• For a tenure of 12 months to 60 months, the deposit rate that is applicable is 7.00% p.a. and for higher tenures, the rate paid is 6.75% p.a.
• All senior citizens get paid an additional 0.25% p.a.
• The rate paid for pensioners is 7.25% p.a. for a tenure less than 60 months and 7.00% for a time period that is more than 60 months

Annual FD highlights

• The best FD rate paid is on annual non-cumulative term deposits offered by Gruh Finance Limited
• Though the interest rate offered is similar to the cumulative growth plan, the difference here is that the interest is credited to the depositor at the end of a year
• The FD rate applicable for all tenures less than 5 years is 7.25% p.a., while for an investment period above that, the rate paid is 7.00% p.a.

Gruhini Deposit Yojana FD Rates

The Gruhini term deposit has been mainly introduced to encourage more and more women to inculcate a habit of saving. The rate of interest paid on these FDs are 0.25% more than the regular rate.

Gruhini deposit rate highlights:

• Under this scheme the interest rate paid for all time periods ranging from 12 months to 60 months is 7.50% p.a.
• For a tenure that is above 60 months, the rate paid will be 7.25% p.a.
• The interest rate applicable for this type of deposit is 0.25% higher, so if a regular depositor is paid 7.25% p.a for 12 months, a Gruhini deposit holder will be able to get 7.50% p.a.
• It must be noted here that those female depistors who belong to the senior citizen category will also get 0.25% additional interest. However, double benefit cannot be claimed as a senior citizens and as a Gruhini
• The rates paid to senior citizens and Gruhinis will be same because under both categories, the additional benefit given is an interest rate of 0.25% p.a.