Interest rate structure on our deposit schemes is as follows with effect from 21/07/2016.
Fixed Deposit Scheme/Cumulative Deposit Scheme
Period of deposits in months
Deposits upto Rs.1 cr
Bulk deposits : >Rs.1 cr
12 to 36
37 to 60
1. Bulk deposits are those deposits with amount from Rs.1,00,00,001/-.
2. The above interest rates are applicable on all deposit products (as indicated above), accepted / renewed on or after 21/07/16.
3. The above indicated additional interest of 0.50% for senior citizens will be available only for all deposits upto Rs.1 crore. Interalia, the said additional interest is not available for bulk deposits.
4. For Fixed deposits, minimum amount eligible for acceptance/renewal shall be Rs.20,00,000/- (all modes of interest payments (monthly/quarterly/half yearly/annually) are permissible.
5. For Cumulative deposits, minimum amount for acceptance/renewal is Rs.20,000/- (interest compounded quarterly and payable on maturity).6. Minimum Period of deposits is 12 months.
Additional interest of 1% will be paid on deposits of our staff members (who are on rolls or retired)
Minimum & Maximum Amount of Deposit
The minimum amount accepted by us under the Fixed Deposit Scheme is Rs. 20,00,000/-.
The minimum amount accepted by us under the Cumulative Deposit Scheme is Rs. 20,000/-.
Period of Deposit
The minimum period for which we accept deposits is 12 months and the maximum period is 60 months.
Deposit application forms & other annexures
Deposit Application forms can be downloaded from this site or can be obtained from any of our branches. Along with deposit application, one passport size photograph of the depositor, copy of PAN card, copy of ID proof and Address proof should also be submitted.
How to make the Deposit
Deposits can be made by A/c payee cheque/demand drafts/RTGS/NEFT drawn in favour of Can Fin Homes Ltd.
TDS on interest on deposits is applicable whenever the interest amount exceeds Rs. 5000/- in a financial year. 15H and 15G forms will be available in our branches to avail exemption from TDS wherever applicable.