HUDCO Fixed Deposit Overview - Schemes, Returns & Eligibility 2025

Housing and Urban Development Corporation Limited (HUDCO) is a government of India enterprise and also has the status of an ISO 9001:2008 certified organisation. HUDCO is spearheading its way through the world of housing and infrastructure development in the country.

Updated On - 05 Sep 2025
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HUDCO is a leading public-sector enterprise in the field of techno-financing with a noble goal of profitability with social justice.

Housing and Urban Development Corporation limited was established on 25th April 1970 and has since been a key partner of the Government of India in uplifting the economically weaker sections and the lower income group by catering to their housing needs.

HUDCO has tirelessly aspired to build assets for India since its inception with its able personnel.

HUDCO Fixed Deposit Schemes

As far as the company's credit rating is concerned, it has received a FITCH Rating of AA+ between the years 2009 and 2013. It also has a Care Rating of AA+ between 2009 and 2013 with 2010-11 seeing them get a rating of AA+. For customers this translates in a safe investment environment. HUDCO offers two kinds of fixed deposit schemes

  1. Regular Plus
  2. Multiplier Plus

HUDCO requires its depositors to introduce themselves in order to open their fixed deposit account.

This introduction can be done in a few ways as follows-

  1. Through an existing depositor
  2. Through the income tax permanent account number
  3. Through the election identity card
  4. Through the ration card
  5. Through the passport

Features of the HUDCO Fixed Deposit Schemes

The HUDCO fixed deposit schemes offer its depositors the liberty of investing their money and being stress-free about the investment thereafter.

HUDCO, with its vast experience in the field of financing, allows its customers to reap the benefits of its goodwill with better returns on their investments.

Following are the key features of HUDCO that ensure depositors security-

  1. Safe investment schemes
  2. Large returns on investments
  3. Ease of liquidity
  4. Advance interest warrants (specific to Regular Plus Scheme)
  5. Quarterly compounded interest

Eligibility to Open HUDCO Fixed Deposit

Persons possessing a permanent address proof and identity proof are eligible to invest in a fixed deposit with HUDCO.

Following are the entities that are eligible for a HUDCO fixed deposit account-

  1. Individuals
  2. Companies
  3. Partnership firms
  4. Trusts and Foundations

HUDCO Fixed Deposit Account Interest Rates

The interest rates offered by HUDCO have continually been in the interest of the economically weaker sections and the lower income group.

HUDCO fixed deposit rates of interest begin at a minimum of 8.5% and go as high as 9.15%

How to Open a HUDCO Fixed Deposit Account

You can apply for a HUDCO fixed Deposit by filling out a form that is available online.

Supporting Documents Required for Opening HUDCO Fixed Deposit Account-

IDENTITY PROOF

ADDRESS PROOF

Passport

Telephone bill

PAN card

Account statement

Voter's Identity card

Letter from recognised public authority/servant

Driving license

Electricity bill

Identity card

Ration card

Letter from public authority/servant

Letter from employer

What is the Minimum Amount Required to Open a Fixed Deposit Account with HUDCO?

For Regular Plus-

The minimum amount required to open a fixed deposit account with HUDCO is ₹ 50, 000. This amount can be supplemented with additional deposits in multiples of ₹ 5, 000.

For Multiplier Plus-

The minimum amount required to open a fixed deposit account with HUDCO is ₹ 10, 000. This amount can be supplemented with additional deposits in multiples of ₹ 1, 000.

What is the Minimum and Maximum Tenure for HUDCO Fixed Deposits?

The minimum period that a fixed deposit needs to be invested with HUDCO is 1 year (12 months).

The maximum period that a fixed deposit needs to be invested with HUDCO is 7 years (84 months).

Is the HUDCO Fixed Deposit Account Tax Deductible?

Yes, the HUDCO fixed deposit account is tax deductible. Under the following Acts, HUDCO is Income Tax deductible-

  1. Tax benefit under Section 80C (2)(xvi)(a) of Income-tax Act, 1961
  2. Tax Benefits- Trust deposits are specified investment under section 11(5) (ix) of Income Tax Act, 1961. No tax deduction at source from interest paid/credited up to ₹ 5,000 within a financial year.

Are loans offered against the HUDCO Fixed Deposit Account?

Yes, loans are offered against the HUDCO fixed deposit account with the view of providing liquidity to depositors.

Following are the schemes under which HUDCO offers loans against a fixed deposit account-

HUDCO Regular Plus Scheme

HUDCO Multiplier Plus

Periodic Income Scheme

Cumulative Income Scheme

Depositors are entitled to loan amounts ranging up to 75% of the fixed deposit value, excluding any interest that has been accrued on the principal amount.

These schemes can only be availed after the fixed deposit account has completed 3 months. The interest charged on the loan will be 2% above the interest offered on the fixed deposit account.

The tenure of the loan will conclude when the fixed deposit account matures.

What Are the Interest Rates Offered to Senior Citizens on HUDCO FDs?

Senior Citizens i.e. customers over the age of 60 years, are offered an extra interest of 0.25% p.a. over regular rates.

Proof of age is required to be produced for senior citizens to avail these rates. Proof can be in the form of -

  1. A birth certificate,
  2. High school certificate,
  3. Attested copy of the passport,
  4. 10th class certificate,
  5. Valid LIC policy,
  6. Valid driving license

Can I Withdraw My HUDCO Deposit Before Maturity?

The minimum lock-in period is three months. HUDCO allows you to withdraw the fixed deposit after three months. If you withdraw post three months but within 6 months, you won't get any interest. If you are withdrawing after 6 months but before 12 months and if no rate has been specified for that period, then you will get 3% lower rate than the minimum rate at which HUDCO accepted the deposit. If you are withdrawing after 12 months but before the maturity, the interest paid will be 2% less than the interest that was agreed upon by the bank at the time of the deposit of the FD.

If you want to enjoy the tax benefits, then you need to have had the fixed deposit locked in for a period of 5 years. And no premature withdrawal is allowed on such deposits prior to 5 years.

Can NRIs Maintain a Fixed Deposit with HUDCO?

Yes, NRIs can have fixed deposits with HUDCO. But, the principal and interest should not be credited to any non-resident external account or allowed to be repatriated out of India. The deposits from NRIs is allowed for a maximum period of 3 years only.

FAQs on HUDCO Fixed Deposit

  • Can I start or renew my HUDCO fixed deposit scheme?

    No, you cannot start a new HUDCO fixed deposit scheme or renew your existing fixed deposit scheme. This is because HUDCO has discontinued the renewal and acceptance of fixed deposit schemes from 1 July 2019. 

  • Can I avail myself of a loan against HUDCO public deposit scheme?

    No, loan under Section 80C is not available against HUDCO public deposit scheme. 

  • What is the interest on the loan against HUDCO public deposit scheme?

    Interest at a rate of 2.00% is imposed on the loan taken against the HUDCO public deposit scheme. 

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