Housing & 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:
- HUDCO REGULAR PLUS: PERIODIC INCOME SCHEME.
- 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:
- Alfresco Capital Markets Pvt Ltd
- Almondz Global Securities Ltd
- Bajaj Capital Ltd.
- Bhartia & Co
- Brics Securities Ltd
- Eastern Financiers Ltd
- Edelwiess Capital Ltd
- ENAM Financial Consultants Pvt Ltd
- Esha Investment & Trading Pvt Ltd
- H L Kapoor Financial Consultants Pvt Ltd
- HDFC Securities Ltd
- ICICI Securities Ltd
- J K Investment
- J M Financial Services Pvt Ltd
- Karvy Stock Broking Ltd
- R R Financial Consultants Ltd
- Real Growth Securities Pvt Ltd
- Security Investment Ltd
- Shri Balaji Investment Consultant
- SMC Global Secruties Ltd
- SMIFS Capital Markets Ltd
- SPA Merchant Bankers Ltd
- Stock Holding Corporation of India Ltd
- Trust Investment Advisors Pvt Ltd
- Western Securities
For more details download form below
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Website: HUDCO