Gruh Finance Ltd. Fixed Deposit interest rate up to 8.25% p.a.
Company Profile
Gruh Finance Ltd (formerly known as Gujarat Rural Housing Finance Corporation) was incorporated in 1986 to provide financial services mainly for rural housing, construction/up gradation of dwelling units, and to developers. The company came out with an FCD issue in 1994-95, which was oversubscribed. Keeping in view the competitive environment and the emerging challenges, the company has introduced new loan products like site finance and loans for non-residential premises. It also plans to finance land development projects. The company received a rating of “MA+” (1999-2000) for its fixed deposit programme from Investment Information & Credit Rating Agency of India. To focus on poorer households in rural and semi-urban areas, the company decided to set up Gruh Foundation. Also, during the year 1999-2000, GRUH opened four new retail office in Amravati, Chandrapur, Modasa and Palanpur and three service centres – one in Pune and two in Surat and hence total retail network now consists of 28 offices – 17 in Gujarat and 11 in Maharashtra. Due to the stiff competition, the company has introduced three-tier pricing strategy linked to the duration of the loan. The company was the first HFC to re-introduce the 20 year home loan product in the market. During the year 2000-01, Housing Development Finance Corporation Ltd., (HDFC) the largest shareholder of the company acquired 68,90,000 equity shares from Gujarat Ambuja Cements Ltd.,(GACL) in July 2000.
Please intimate the present status of renewal of
FDR NO. 353423, 353424 & 353425 (THREE Nos) ₹45000 each
Please intimate the present position of renewal of FDR NO. 353425 Maturity dt 10/12/2017 – Rangaswamy Rajendiran – Customer ID:597396 – ₹45000