DHFL fixed deposit rates revised higherDHFL, a non-banking finance company (NBFC), has raised the interest rates on two of its fixed deposit products. The rates now range from 7.4% to 8.05%. Privilege customers of DHFL such as senior citizens, widows, armed forces personnel, DHFL Home/SME/Mortgage customer will get an additional 0.4%. The company will also pay an additional 0.15% to those renewing their existing deposits, prior to the maturity.

The DHFL move follows a trend of overall increasing rates in the economy. The State Bank of India raised its rates at the end of March 2018 and they now range from 5.75% to 6.5%. SBI offers a 0.5% higher rate to senior citizens.

What are company fixed deposits?

The company fixed deposits are usually seen as an alternative to bank fixed deposits. They offer higher returns but have greater risk and lower liquidity. The interest on these deposits, like bank FDs is also taxable. That said, if you are willing to take some additional risk for a higher interest rate, you can consider company FDs, especially those of highly reputed companies.

DHFL Fixed Deposits

The DHFL Aashray Deposit is its standard, no-frills deposit product. You can get a loan up to 75% of the value of the FD. The Way2Health Deposit is a healthcare linked product. It comes with a card linked to the deposit that offers cashless treatment at a network of hospitals, discounts on hospitalisation and medical diagnostic tests. You also get access to a doctor 24*7 over the phone, a free second opinion from a network of specialists and advice on which hospital to choose for specific medical requirements.


Tenure (Months) Cumulative Monthly Quarterly Half-yearly Yearly
12 7.70 7.35 7.40 7.50 7.70
13* 7.75 7.40 7.45 7.55 7.75
14 7.75 7.40 7.45 7.55 7.75
18** 7.80 7.45 7.50 7.60 7.80
24 7.80 7.45 7.50 7.60 7.80
36 7.90 7.55 7.60 7.70 7.90
40 7.95 7.60 7.65 7.75 7.95
48 8.05 7.70 7.75 7.85 8.05
60 8.05 7.70 7.75 7.85 8.05
72-120 8 7.65 7.70 7.80 8.00

*Only for Trusts (Trust Deposit); **Only for women (Swayamsidha Deposit)

The company also offers a rate of 7.75% on recurring deposits. Recurring deposits are deposits in which you add a fixed amount to the deposit at regular intervals. You can use our calculator to understand what you can get with these kinds of deposits.  The company also has a ‘double your money scheme’ in 107 months or about 9 years. This translates into a roughly 8% interest rate.

Neil Borate

Neil Borate is Deputy Editor, RupeeIQ. He can be contacted at neil@rupeeiq.com.