Categories: Fixed DepositFixed IncomePSU/Govt FD

HUDCO Public Deposit Scheme

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

Amit

Hi Readers! I am Amit, the mind behind Apnaplan.com I am MBA from NITIE, Mumbai and BIT from Delhi University. This blog is my online diary where I write about my tryst with my investment decisions. In the 400+ posts on this blog you will find articles on Personal Financial Planning, Investments, Retirement Planning, Insurance, Loans, Fixed Deposits, Provident Funds, Stock Markets, Gold, Silver, Real Estate Investment, Credit Cards, Credit Score, Taxation, Inheritance Planning and Reviews on various Financial Products.