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 ARE THE SCHEMES AVAILABLE?
HOW TO INVEST?
HOW IS FIXED DEPOSIT RECEIPT MAILED?
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