HUDCO Fixed Deposit Rates 2018

HUDCO or the Housing and Urban Development Corporation Ltd. is a public undertaking of the Indian government. It is involved in urban development projects including providing low-cost housing to the masses. This state-owned financial institution also accepts public deposits and has a rating of AA+ from both Fitch and CARE, two leading rating agencies.

The below table depicts interest rates offered by the company on all its fixed deposit schemes. These rates are constantly monitored to reflect any changes made by the company.

The updated list of HUDCO FD Rates, for Regular and Senior Citizen, is listed below:

*All FD rates are subject to change and may be revised at regular intervals

HUDCO FD Rates

• HUDCO offers FD schemes with tenures ranging from 1 year to 7 years with interest rates that range between 8.50% p.a. to 9.15% p.a.
• The longest tenure of 6 years and 7 years get depositors interest at 8.50% p.a., while holdings of 4 years and 5 years fetch 0.25% more, at 8.75% p.a.
• The 2-year and 3-year schemes earn interest at 9.00% p.a.
• The highest rate offered by HUDCO is 9.15% p.a. for the 1-year FD scheme

Read more about: Steps to apply for HUDCO Fixed Deposit

Senior Citizen FD Rates

• All senior citizen deposit holders at HUDCO earn 0.25% higher than standard interest rates.
• This brings rates to 9.40% p.a. for a 1-year deposit scheme and to 9.25% p.a. for deposits held for 2 years or 3 years.
• The rate on deposits for 4 years and 5 years is at 9.00% p.a. and is 0.25% lower, at 8.75% p.a. for holdings beyond 5 years and up to 7 years.

All rates are on a quarterly compounding basis which makes these very attractive long-term investments.