Housing and Urban Development Corporation Ltd. (HUDCO), the government's public undertaking is making projects for urban development to provide low cost housing. Owned by the state, this financial institution has AA+ rating by both CARE and Fitch. If there happens to be any changes in rates by the company, the FD rates remain updated always.
At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Housing and Urban Development Corporation Ltd (HUDCO) Fixed Deposit Interest Rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
Below is given the updated list of HUDCO Interest Rates for FD offered to regular & senior citizens:
|Time Period||Regular Rates||Rates for Senior Citizens|
|Up to Amount||One Crore Rupees||One Crore Rupees|
The rates of interest at HUDCO range from 8.5% - 9.15% for FD schemes ranging between one to seven years. Fixed deposit holders of four and five years' get 8.75% interest whereas six and seven years schemes provide 8.5% interest. The highest rate provided is 9.15% for one year scheme and for two and three years schemes, the interest rate are 9%.
HUDCO grants senior citizens a 0.25% higher rate of interest than the normal scheme rates. With this, a one year deposit yields 9.4% interest, a two and three years fixed deposit gets 9.25% interest. For four and five year tenures they get 9% interest and beyond five years they get 8.75% interest, up to seven years. Since HUDCO provides quarterly compounding on all its fixed deposit schemes, these deposits eventually turn out to be very reliable schemes to get the maximum benefit.