Personal Finance: Invest before interest rates falls further

Interest rates are coming down and expected to come down further in the coming days.

 

Prudent option is to choose quality companies immediately and invest in their FD schemes for a longer tenure.

 

With this in mind, we are presenting you with the select list of housing finance companies accepting deposits. Each one of them are consistent profit making and dividend paying company with a great track record.

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1.  Dewan Housing Finance Corporation Ltd - Aashray Deposit :

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Engaged in housing finance.  PAT for 2011/12 of Rs.355.31 Crs. & Dividend of 35%.  "(AA+FD)" rating by CARE  & "FAAA" by BWR.   10.75% interest for 400 Days Deposit giving an yield of around 11.12%. 0.50% additional interest for Senior Citizens.

2.  HDFC Platinum Deposits :

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Largest housing finance company of our Country. PAT for 2011/12 of Rs.4,122 Crs. & Dividend of 550%.  "FAAA" rating by CRISIL & "MAAA" by ICRA.   9.75% interest for 15 months & 33 months Deposits. 0.25% additional interest for senior citizens.

3.  Gruh Finance Limited :

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Subsidiary of HDFC Limited. 2 times award winner from ICAI for "Excellence in Financial Reporting". PAT for 2011/12 of Rs.120 Crs. & Dividend of 115%. "FAA+" rating by CRISIL & "MAA+" rating by ICRA. 9.75% interest for 24-35 months deposits. 0.25% additional interest for senior citizens.

4.  PNB Housing Finance Limited :

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Subsidiary of Punjab National Bank. PAT for 2011-12 of Rs.75.20 Crs. & Dividend of 22%.  "FAA+" rating by CRISIL.  9.75% interest for 36, 48 & 60 months deposits. 0.50% additional for senior citizens.

For further informations and application forms, kindly contact