Housing and Urban Development Finance Corporation Limited, a public techno-financial institution simply known as HUDCO, offers its customers several options of fixed deposits under the Public Deposit Scheme. One can choose the scheme and park their savings to earn better returns in the form of interest at regular intervals. However, it is advisable to check the rates before investing money to make sure that you are aware of the returns you will get on your investment.
HUDCO FD Interest Rates 2019
Here are the rates of HUDCO fixed deposits that are offered to customers.
|HUDCO Rates of Interest on Fixed Deposit (Revised) with Effect from July 10, 2018|
|Deposit Period||For Individual and Hindu Undivided Families (HUF) Depositors||For Other Depositors – Company, Trust, Firm, etc.|
|Cumulative Scheme||Non-Cumulative Scheme||Cumulative Scheme||Non-Cumulative Scheme|
|12 Months||7.50 %||7.30 %||7.35 %||7.50 %||7.25 %||7.05 %||7.10 %||7.25 %|
|24 Months||7.50 %||7.30 %||7.35 %||7.50 %||7.25 %||7.05 %||7.10 %||7.25 %|
|36 Months||7.50 %||7.30 %||7.35 %||7.50 %||7.25 %||7.05 %||7.10 %||7.25 %|
|48 Months||7.25 %||7.05 %||7.10 %||7.25 %||7.00 %||6.80 %||6.85 %||7.00 %|
|60 Months||7.25 %||7.05 %||7.10 %||7.25 %||7.00 %||6.80 %||6.85 %||7.00 %|
The interest rate is subject to change according to the latest rates declared but make sure to reconfirm the interest rate with the provider before investing.
HUDCO gives additional 0.25 % interest on each given slab to senior citizens. In addition to this, the rate may also vary slightly for different fixed deposit schemes. For more details, contact the nearest branch of HUDCO. Interest compounds on annual basis in all interest rate categories.