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DHFL

Dewan Housing Finance Corporation Ltd. (DHFL) was incorporated in 1984. Currently, Shri Rakesh K Wadhawan is the Chairman of DHFL and Shri Kapil Wadhawan is its Vice Chairman and Managing Director. With more than 25 years of experience, DHFL is among the oldest private sector housing finance companies (HFC) in India. It is the fourth largest housing finance company with total asset size of around INR 63.95 billion as on March 31, 2009.


WHAT IS RATING?

Brickwork Ratings has assigned BWR AAA (Pronounced BWR Triple A) for Dewan Housing Finance Corporation Limited's proposed Non convertible Debenture Issue with tenure up to 10 years and mobilization of Fixed Deposits.

FAA+ by CARE


WHAT IS THE RATE OF INTEREST?

CUMULATIVE SCHEME
Period
 Deposit < Rs. 25 Lac
In Months ROI % Annual Yield %
12 10.50 10.78
24 10.50 11.36
36 10.50 11.98
48 10.50 12.65
60 10.50 13.36
72 10.50 14.13
84 10.50 14.96

Minimum Deposit Rs 2000/-
Multiple of Rs 1,000/-


NON CUMULATIVE SCHEME
Deposit <Rs. 25 Lac
Period
In 		ROI
(Payable
Yearly)		 ROI
(Payable
Half Yearly)		 ROI
(Payable
Quarterly)		 ROI
(Payable
Monthly)
Months % % % %
12 10.75 10.50 10.38 10.30
24 10.75 10.50 10.38 10.30
36 10.75 10.50 10.38 10.30
48 10.75 10.50 10.38 10.30
60 10.75 10.50 10.38 10.30
72 10.75 10.50 10.38 10.30
84 10.75 10.50 10.38 10.30

Minimum deposit for monthly interest plan is  20,000/-
Minimum deposit for others  10,000/-


HOW TO INVEST?

  1. Applications for Deposits in the prescribed Form duly signed by all the joint applicants and accompanied by cheques or demand drafts should be sent to Wealth India Financial Services Pvt Ltd.
  2. Payments should be made by means of an Account Payee cheque / demand draft made payable to "DHFL Limited" payable at par at the centers where the application is submitted..
  3. Deposits will be accepted from Resident individuals, HUFs, Domestic Company, Charitable institutions and Minors (through their guardians only).
  4. Signature by thumb impression must be attested by a Magistrate or a Notary Public or a Special Executive Officer under his Official Seal.

HOW IS FIXED DEPOSIT RECEIPT MAILED?

  1. Fixed Deposit Receipts shall be mailed by courier or Registered/Speed Post within 6 weeks of the date of realization of the Cheque, at the address of the first applicant given in the Application Form. The Company shall not be responsible for any loss or delay in transit.
  2. In case of loss or destruction or mutilation of the Deposit Receipt, the Company may at its sole discretion issue a duplicate receipt subject to compliance with its terms and conditions including an indemnity duly signed by all the joint depositors. All expenses in this connection will be borne by the depositor(s).
  3. Fixed Deposit Receipts will not be transferable. The Company may however, at its discretion permit the addition of one name to the Deposit Receipt under certain circumstances and subject to such terms and conditions as it may deem fit. The Company will not accept or recognize any lien on or assignment of the Fixed Deposit Receipt for a loan taken from or by arrangement with the Company.

HOW IS THE PAYMENT OF INTEREST MADE?

Interest will be payable on the deposit from the date of realization of cheque / demand draft or RTGS transfer to bank account. Interest on deposits placed under Monthly Income Plan, Non-Cumulative Option and Annual Income Plan shall be paid on fixed dates as given below:

Monthly Income Plan (MIP) Last day of each month
Non-Cumulative - Quarterly Option June 30, September 30, December 31 and March 31
Non-Cumulative - Half Yearly Option September 30 and March 31
Annual Income Plan (AIP) March 31

WHAT IS THE RENEWAL/REPAYMENT OF DEPOSITS PROCEDURE?

In case of renewal of the Fixed Deposit, a fresh application form duly filled should accompany the discharged deposit receipt. In case of repayment, the duly discharged deposit receipt should be surrendered at least 15 days before the date of maturity. The deposit would be payable at the city / town where the deposit is placed or any city/ town wher DHFL has its offices.


WHAT IS THE PREMATURE WITHDRAWAL PROCEDURE?

Request for premature withdrawal may be permitted at the sole discretion of the corporation only and cannot be claimed as a matter of right by the depositor, subject to the Housing Finance Companies (NHB) Directions, 2001 as applicable from time to time. Premature withdrawal will not be allowed before completion of 3 months from the date of deposit. In case of request for premature withdrawal after the expiry of three months, the rates given in the following table shall apply

Months completed from the date of deposit Rate of Interest Payable
After 3 months but before 6 months No Interest
After 6 months but before 12 months 3 % less than minimum rate at which the public deposit is accepted
12 months and above 2 % less than the deposit run period.

Corporate Office
Dewan Housing Finance Corporation Ltd.
6th Floor, Dheeraj Arma,
Anant Kanekar Road,Bandra(E), Station Road,Mumbai - 400051