HUDCO Public Deposit Scheme

HUDCO_fixed_deposit_schemesHousing & Urban Development Corporation Ltd. (HUDCO) is a public sector company fully owned by Govt. of India for financing of housing and urban infrastructure activities in India. HUDCO was incorporated on April 25, 1970.

Features and Benefits of  HUDCO Public Deposit Scheme:

  • Credit Rating ‘tAA+(ind)’ by FITCH and ‘CARE AA+(FD)’ by CARE
  • Easy Liquidity – Loan facility against Deposit (excluding deposits received u/s 80C)
  • Advance Interest Warrants (For HUDCO Regular Plus)
  • No tax deduction at source from interest paid/credited up to Rs.5,000/- in a financial year.
  • Interest compounded on quarterly basis

HUDCO Regular Plus- Periodic Income Scheme:

Period (Months) Rate of Interest (%p.a.)
12 & 24 9.40
36,48,60,72 & 84 9.10
  • Minimum deposit amount is Rs.50,000.  Additional amount in multiple of Rs.5,000.
  • Interest compounded on quarterly basis.
  • 0.25% p.a. extra interest for deposits under HUDCO Regular Plus Scheme in each rate slab received from senior citizens of 60 years & above age.

 HUDCO Multiplier Plus – Cumulative Income Scheme:

Period (Months) Rate of interest (% p.a.) Maturity value for deposit of Rs.10,000
12 9.4 10,974
24 9.4 12,042
36 9.1 13,099
48 9.1 14,332
60 9.1 15,682
72 9.1 17,158
84 9.1 18,774
  • Minimum amount of deposit is Rs.10,000.  Additional amount in multiples of Rs.1,000.
  • Interest compounded on quarterly basis.
  • 0.25% p.a. extra interest for deposits under HUDCO Multiplier Plus Scheme in each rate slab received from senior citizens of 60 years & above age.

HUDCO Cash Certificate – Cumulative Income Scheme:

Period (Months) Deposit amount in(Rs.) Rate of Interest (%p.a.) Maturity value (Rs.)
36 15,268 9.10 20,000
22,903 30,000
38,171 50,000
60 12,754 20,000
19,131 30,000
31,885 50,000
84 10,653 20,000
15,980 30,000
26,633 50,000
  • Interest compounded on quarterly basis.
  • Interest payment is subject to deduction of tax at source in all schemes.
  • The effective interest rate of deposit would be the prevailing rate of interest applicable on the date of amount realisation.

HUDCO Loans against the Fixed Deposit

The applicant can take the loan against the Fixed Deposits under the following schemes only:

  1. HUDCO REGULAR PLUS: PERIODIC INCOME SCHEME.
  2. HUDCO MULTIPLIER PLUS: CUMULATIVE INCOME SCHEME.

Features of the Scheme:

  • The Depositor is entitled to a loan of 75% of the face value.
  • The Depositor can avail this facility only after 3 months from the date of commencement of deposit.
  • The interest charged will be 2% above the Interest being paid on the deposit.

Managers & Brokers to the Scheme:

  1. Alfresco Capital Markets Pvt Ltd
  2. Almondz Global Securities Ltd
  3. Bajaj Capital Ltd.
  4. Bhartia & Co
  5. Brics Securities Ltd
  6. Eastern Financiers Ltd
  7. Edelwiess Capital Ltd
  8. ENAM Financial Consultants Pvt Ltd
  9. Esha Investment & Trading Pvt Ltd
  10. H L Kapoor Financial Consultants Pvt Ltd
  11. HDFC Securities Ltd
  12. ICICI Securities Ltd
  13. J K Investment
  14. J M Financial Services Pvt Ltd
  15. Karvy Stock Broking Ltd
  16. R R Financial Consultants Ltd
  17. Real Growth Securities Pvt Ltd
  18. Security Investment Ltd
  19. Shri Balaji Investment Consultant
  20. SMC Global Secruties Ltd
  21. SMIFS Capital Markets Ltd
  22. SPA Merchant Bankers Ltd
  23. Stock Holding Corporation of India Ltd
  24. Trust Investment Advisors Pvt Ltd
  25. Western Securities

For more details download form below

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Website: HUDCO

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