Housing & Urban Development Corporation Ltd (HUDCO) is a public sector company fully owned by the Government of India for financing housing and urban infrastructure activities in India
Cumulatively, HUDCO has sanctioned 16,377 schemes involving a total project cost of Rs. 5,72,781 crore with loan component of Rs. 1,20,028 crore
Investment under HUDCO Public Deposit Scheme qualifies for deduction from gross total income up to Rs. 1 lakh under Section 80C (2) (xvi) (a) of the Income Tax Act, 1961
The FD has been assigned MAA by ICRA and AA+ by Care. The rating indicates a stable outlook for the company
HUDCO Multiplier Plus - Cumulative Income Scheme
Period (Months)
Rate of interest
(% p.a.)
*Maturity value for deposit of Rs. 10,000/-
*Maturity value of Senoir Citizen Deposit of Rs. 10,000/-
12
9.40
10974
(11000)
24
9.40
12042
(12101)
36
9.40
13215
(13312)
48
9.00
14276
(14416)
60
9.00
15605
(15797)
72
8.50
16564
(16809)
84
8.50
18018
(18329)
0.25% extra for senior citizen across all slabs
HUDCO Cash Certificate- Cumulative Income Scheme
Period (Months)
Deposit amount in
(Rs.)
Rate of interest
(% p.a.)
Maturity value (Rs)
36
15135
9.40
20000
22702
30000
37837
50000
60
12816
9.00
20000
19224
30000
32041
50000
84
11100
8.50
20000
16650
30000
27751
50000
HUDCO Regular Plus Scheme
Period (Months)
Rate of interest
(% p.a.)
Interest payable on minimum deposit of Rs. 50,000/-