Rate of Interest on Deposits:


The Company has revised rate of interest on Deposits with effect from 08.10.2018. The revised rates of interest are as follows: :-


For Deposits upto Rs.1 Crore (RoI per annum):

Maturity Period (in months) Individual /HUF- General Public Individual - Sr. Citizens CBHFL Staff Non-Individual Depositor(Trusts/Associations/Clubs/Company/Co-op. Soc./Co-op. Banks/Partnership Firm/Proprietary Concern)
Scheme-I Fixed Deposit (Quarterly Income) Scheme
Scheme-II Fixed Deposit (Monthly Income) Scheme
Scheme-III Cumulative Deposit (Interest Compounded Quarterly) Scheme
1 Year 7.75% 8.00% 8.25% 7.75%
1 to 3 Yrs 8.00% 8.25% 8.50% 8.00%
3 to 5 Yrs 8.25%% 8.50% 8.75% 8.25%
5 to 10 Yrs 8.00% 8.25% 8.50% 8.00%

For Bulk Deposits above Rs.1 Crore (RoI per annum):


Maturity Period (in months) Bulk Deposits of more than Rs.1 Cr(for all Schemes)
Quarterly Payout or Quarterly compounding
12-120 7.75%

Pre-Mature Withdrawals

Request for pre-mature withdrawal of deposit will be permitted subject to Housing Finance Companies (NHB) Directions, 2010 as stated below. Accordingly, premature withdrawal is permitted in the first 3 months from the date of deposit, without interest, to meet certain expenses of emergent nature like medical emergencies, natural calamities etc. for deposits upto Rs.10,000/- (Tiny Deposits). In such situations, for other deposits, not more than 50% of the principal sum of deposit or Rs.5 lac whichever is lower will be permitted, without interest.

Provided further that in cases of critical illness (as per IRDAI Health Insurance Regulations) hundred percent of the amount of the principal sum of deposit, may be prematurely paid to individual depositors, at the request of the depositors, before the expiry of three months from the date of acceptance of such deposits, without interest.

In case request for premature withdrawal is received after the expiry of 3 months, the rate of interest applicable will be as per the prevailing norms.

Period completed from date of deposit Rate of Interest payable (%)
After Three months but before expiry of six months Maximum 4% P.A, (as decided by company from time to time) for individual depositor and no interest in case of any other category of deposits.
After 6 months but before 12 months 2% lower than the minimum rate at which the public deposits are accepted by the Company

Provided that, in the event of death of a depositor, the public deposit shall be paid prematurely, to the surviving depositor/s in the case of joint holding with the survivor clause, or to the nominee or legal heir/s of the deceased depositor, on the request of the surviving depositor/s/nominee/legal heir/s of the deceased depositor, on the request of the surviving depositor/s/nominee/legal heir, and only against submission of proof of death, to the satisfaction of the Company, with interest at the contracted rate up to the date of repayment.

Renewal of Deposits:

a) The Company may, at its sole discretion, permit for renewal of deposit.

b) Renewal of existing deposit before maturity:

Renewal of existing deposit before maturity for availing the benefit of higher rate of interest may be permitted subject to the following conditions:-

  • The deposits renewed in accordance with other applicable provisions of the Deposit Schemes and for a period longer than the remaining period of the original contract.
  • The interest on the expired period of the deposit shall be reduced by 1% below the applicable rate for the period for which the deposit had run.

At the time of renewal/fresh deposits, KYC norms are to be complied with without fail. The above revised interest rates shall be effective on fresh Deposits and on renewal of deposits w.e.f. 8th October, 2018. For further information kindly contact your nearest Branch/office.