Dewan Housing Finance Ltd (DHFL) is second housing finance company to be set up in the private sector in India. DHFL commenced its operation in August 1984.Its loan portfolio has since grown to Rs.14,111.27 crore on March 31,2011. DHFL has 101 brances, 72 service centers, 24 camps,6 zonal offices and 11 regional processing offices.
DHFL’s deposit portfolio has reached Rs.557 crore as on march 31,2011 with the customer base of 44,000.CARE and Brickworks have reaffiremed their CARE ‘AA+’and BWR FAAA rating,respectively,for Dewan Housing deposit.This rating represents highest safety,attractive returns and impeccable service standards as regards timely repayment of principle and interest.
Period in Months Monthly Quartely Half Yearly Cumulative
Yearly 12 8.85% 8.95% 9.05% 9.25% 13 # 9.10% 9.15% 9.30% 9.50% 14 9.10% 9.15% 9.30% 9.50% 18 ## 9.20% 9.25% 9.40% 9.60% 24 9.10% 9.15% 9.30% 9.50% 36 9.10% 9.15% 9.30% 9.50% 40 9.20% 9.25% 9.40% 9.60% Recurring Deposit 9.50% Double My Money 89 Month Addition Rate of Interest 0.25% Sr. Citizens, Widows DHFL Home Loan Borrower mortgage customer # 13 Month Only for Trusts ## 18 Months Only for Females DHFL Swayamsidha Deposit Effective from: 5th may 2015
31st march,2014 31st march,2013 Total Income from Operations 4,969.68 4,078.94 Profit After Tax 529.00 451.85
::Who can Invest::
- Resident Individuals
Crossed A/C Payee Cheques or DD should be payable to
- Is TDS applicable on Fixed Deposit?
Tax is deducted at source, from the interest on Fixed Deposits, as applicable, as per the Income Tax Act, 1961.
- When do I become liable for TDS?
If the aggregate interest income that you are likely to earn for all your deposits held in a branch is greater than ₹ 5,000 in a financial year, you become liable for TDS.
- When is TDS deducted?
TDS is made every time the Bank pays interest during the financial year and the above mentioned criterion is satisfied. In addition, Tax is also deducted when the interest is credited /cumulated in the case of cumulative deposits.
- Can I redeem my FD before the original term?
Yes, Fixed Deposit can be closed before the original term of the Fixed Deposit. In the event of the Fixed Deposit being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with DHFL. In case of premature withdrawal the deposit may be subject to penal rate of interest as prescribed in below mentioned column.
|Period completed from date of deposit||Rate of Interest payble|
|before 3 months||No interest|
|After 3 months but before 6 months||4% p.a on individual deposit. No interest is payable on other category of depositors.|
|Above 6 months but before 12 months||2% lower than the minimum rate at which the public deposit is accepted by DHFL|
|After 1 year but before maturity||1% lower than the interest rate applicable to the deposit for the period it remained with DHFL|
- On what basis TDS limit will be determined in case of several FDs in different joint names?
For TDS purpose all deposits will be clubbed on the basis of first name of depositor.
Company Weblink – Dewan Housing Finance