Housing and Urban Development Corporation Limited Invites Deposits under Public Deposit Scheme

Highlights

• Safe Investment
• High Returns
• Easy Liquidity
• Advance Interest Warrants (For HUDCO Regular Plus) 
• Tax benefit under Section 80C (2)(xvi)(a) of Income-tax Act, 1961.
• Tax Benefits – Trust deposits are specified investment under section 11(5) (ix) of Income Tax Act, 1961.No tax deduction at source from interest paid/credited up to Rs.5,000/- in a financial year.
• Interest compounded on quarterly basis
• Credit Rating 'tAA+(ind)' by FITCH and ‘CARE AA+(FD)’ by CARE
• Loan facility against Deposit (excluding deposits received u/s 80C)

 

HUDCO Regular Plus- Periodic Income Scheme:

You can earn interest every Qtrly/half-yearly/yearly as per the rates given below:
 

Period of Deposit (Months)	Rate of Interest ( %p.a.)	Interest Payable on Minimum Deposit of Rs:50000/- Qty          Hly          Yly
12	8.75 $	1094       2211        4521 (1125)    (2275)     (4654)
24	8.85 $	1106       2237        4574 (1138)    (2301)     (4708)
36	8.90 $	1113       2250        4601   (1144)    (2314)     (4734)
48	8.75 $	1094       2211        4521 (1125)    (2275)     (4654)
60	8.75 $	1094       2211        4521 (1125)    (2275)     (4654)
72	8.25 $	1031        2084        4254 (1063)      (2148)     (4387)
84	8.25 $	1031        2084        4254 (1063)      (2148)     (4387)

 

• 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.  Age to be supported by attested copy of a passport or birth certificate or high school/10th class certificate/PAN Card/Valid LIC Policy/Driving Licence, Voter ID Card, etc.