Double Your Money DHFL’s Fixed Deposit Scheme

DHFL, India’s second largest housing finance company in the private sector, today announced the launch of an exciting Fixed Deposit product ‘DHFL  Double My Money’ which enables investors to double their investment within a period of 80 and 86 months, basis definitive parameters. This makes the DHFL FD product range

attractive in terms of returns, with the added benefit of safety with CARE AA+ (FD) and Brickworks BWR FAAA credit rating.

DHFL ‘Double My Money’ fixed deposit scheme can be availed by individuals, joint

individuals, minors, proprietorship concerns, partnership firms, companies, trusts,

associations clubs etc. at a minimum deposit amount of Rs. 10,000 and thereafter in multiples of Rs. 1000 from any of DHFL’s branch office across India.

Mr. Rakesh Makkar, President & CDO, DHFL stated, “DHFL Double My Money fixed deposit

product is a very attractive product for retail investors, as it combines the dual benefit of

attractive returns with safety, especially in a volatile market environment. This product

allows doubling of investments in a maximum of 86 months as against the industry average

of 93 months. With the addition of ‘Double My Money’ DHFL FD product suit is enriched with

a wider range and choices for investors to suit individual requirements.”

This announcement follows the recent notification of the National Housing Bank (NHB) on

lifting the cap of seven years for HFCs’ deposit taking.

Under the DHFL ‘Double My Money’ fixed deposit scheme, deposit is accepted only on

cumulative scheme for periods ranging from 80 months to 86 months as explained in the

table below and interest is compounded on semi-annual basis.

Particulars	Rate of Interest	Tenure (Months)	Amount (INR)
DHFL Double My Money Fixed Deposit Scheme	10.00	86	Less than 25 lakh
DHFL Double My Money Fixed Deposit Scheme	10.25	84	25 lakh or more
DHFL Double My Money Fixed Deposit Scheme	10.50	82	Less than 25 lakh
DHFL Double My Money Fixed Deposit Scheme	11.00	80	25 lakh or more

·      Privilege Customers such as Senior citizens, existing DHFL home loan borrowers, existing DHFL

stakeholders, defence personnel and widows, are eligible for an additional interest of 0.50% over the

card rates.

All individual depositors and first depositors in joint holdings are eligible for Rs. 1 Lakh Free

Accidental Death Insurance.

About DHFL:

 

DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial

access to the lower and middle income segment of the society. Led by Mr. Kapil Wadhawan, CMD,

DHFL, the Company is reckoned as one of India’s leading housing finance companies in India with a

network across 450 locations.

The Company’s representative offices in Dubai and London cater to Non-Resident Indians (NRIs) in

their requirement for housing finance for purchase of residential properties in India.

www.dhfl.com

For further information, kindly contact:-

DHFL PR & Corporate Communications:

Ms. Magline Rufina F.R. @ magline.rufina@dhfl.com / 99670 63984

Ms. Siddhi Lad @ siddhi.lad@dhfl.com / 99875 96040

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