Gruh Finance Ltd.

Gruh Finance Ltd. Fixed Deposit interest rate up to 8.25% p.a.

gruh fianace ltd Gruh Finance Ltd.

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.

Who can apply / invest?

Resident Individual/ NRI / HUF / Minor / Trusts / Firms / Association Persons.

General Terms & Conditions

1] Cumulative Growth Plan – Interest Compounded Annually on 31st March and payable on maturity.

2] Non-Cumulative Scheme – Interest Payable Monthly / Quarterly / Annually.

     a) Monthly Income Plan – Interest will be paid last date of every month.

     b) Quarterly Income Plan – Interest will be paid every quarter on 1st July, 1st Oct, 1st Jan & 31st March.

     c) Annual Income Plan – Interest will be paid each year on 31st March.

3] Minimum amount of deposit to be accepted is Rs. 20,000/- and in multiples of Rs. 1,000/-.

4] Additional rate of 0.25% p.a. rate for Sr. Citizens / Trust Depositors.

5] Interest payment will take place through ECS / Post Dated Cheques.

6] Nomination facility is available.

7] Fixed Deposit Receipt(FDR) will be dispatched directly to the depositor by registered post /courier service at the address provided in the application form within 08(eight) weeks or such extended period as may be decided by Company, from the date of DD/cheque realisation.

Important Information (Instructions)

Attach following document along with the application form:-

1] Self attested copy of PAN Card and address proof (all the applicants in case of joint applications).

2] Stick Passport size photograph of sole applicant on application form.

3] Signature of all applicants on the application form.

4] At par A/c Payee Cheque / DD (payable at Pune) should be drawn in favour of “GRUH FINANCE LTD”.

5] One cancelled cheque (for ECS).

6] Send your application form on our address.

7] The Acknowledgement copy will be sent by Email / Post.

8] Keep photocopy of application form for your record.

9] Free Home Service is available.*

For Renewal of Deposit

Send us below mentioned documents along with the Original FDR

1] Stick Rs.1 Revenue stamp on the back side of fixed deposit receipt and across Signed by all depositors.

2] Signature of all applicants on the application form.

3] Self attested copy of PAN Card and address proof (all the applicants in case of joint application)

4] One cancelled cheque (for ECS).

5] Stick Passport size photograph of sole applicant on application form.

Interest Rates (%)

Gruh Finance Ltd. Fixed Deposit Cumulative Scheme

Annual / Cumulative
12-23 Months7.25%7.50%7.75%
24-35 Months7.50%7.75%8.00%
36-120 Months7.75%8.00%8.25%
1] Minimum Amount of deposit is Rs. 20,000/-*
2] Additional rate of 0.25% p.a. for Sr. Citizen & Trust Depositors.


Gruh Finance Ltd Profit & Dividend [ in Crores]

Profit Before Tax
Profit After Tax
Dividend %

Please take print of the Application Form on A4 paper size.

Gruh Finance Ltd Fixed Deposit Application Form

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