Tuesday, July 12, 2016

DHFL Launches Short Term Corporate Deposits with Attractive Interest Rates


~Offers interest rates upto 8.40% p.a. depending upon the tenure~

Mumbai, July 12, 2016: DHFL, one of India’s leading housing finance companies in the private sector, has launched a short term corporate deposit scheme which offers attractive interest rates depending on the tenure of the deposit. This scheme is targeted to meet the short term investment requirements of corporate customers and is available only to public and private limited companies registered under the Companies Act 1956/2013. CRISIL has rated these corporate deposits as “CRISIL A1+” indicating very strong degree of safety regarding timely payment of financial obligations.
Interest Rate Table
Interest Rates
31 days
61 days
91 days
181 days
271 days
364 days

The minimum deposit amount for the scheme is Rs 10 lac for a tenure of 31 to 364 days. This scheme comes with a cumulative interest option where the interest is compounded annually and is payable at the time of maturity along with the principal. The scheme also gives the depositor the flexibility to choose between an “Auto Renewal” and an ‘Auto Repayment” option.

Announcing the launch of this new product, Mr Harshil Mehta, CEO, DHFL said, “We are happy to launch the corporate deposit product as part of our strategy to emerge as a diversified financial services group to cater to the wide variety of our customer needs.  The new product is aimed at meeting the short term investment requirements of corporate customers. It showcases our in-depth knowledge and understanding of the varied investment needs of corporate customers in the country.”

He further added, “Today, DHFL knows how to measure, manage and allocate risk for both retail and corporate customers. This differentiates us for value creation and enables us with the expertise to visualize the investment needs of this segment. We are known for our competitive deposit offerings and this new product will further strengthen our desired positioning, backed by the highest credit rating.”

The company launched a unique ‘Wealth2Health Fixed Deposit’ product last year for retail investors, which won the prestigious Golden Peacock Innovative Product/Service Award 2016 as well as Brand Extension Award at the National Awards for Marketing Excellence. This new product comes with combinations of Fixed Deposit and Loan-Against-Deposit along with a Wealth2Health card that will enable customers with multiple healthcare benefits. It enables instant liquidity in case of a health emergency, besides offering best interest rates. The scheme is bundled with attractive features such as cashless access to network hospitals, discounts ranging from 5 to 25% on various medical services, access to a doctor 24/7 on call, free second opinion from a panel of specialists and all other existing benefits received by DHFL’s deposit-holders.

The company offers an array of Fixed Deposit Products for public including individuals and trust investors that ensures high yield, safety and liquidity. DHFL Fixed Deposit Products for individual investors come with free accidental insurance cover of Rs. 1 Lakh. Company Fixed Deposit Products are rated CARE AAA and BWR (FAAA) ensuring high safety.

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