Benefits of GRUH Deposits

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Benefits of GRUH Deposits

  • GRUH is a recognized Housing Finance Company by the National Housing Bank (NHB)
  • Trust deposits placed with GRUH qualify under the category of specified investment as defined under section 11(5)(ix) of the Income Tax Act, 1961
  • No TDS on Interest on deposits upto Rupee Symbol 5000/- per financial year
  • Loan against individual deposits as per NHB guidelines
  • ECS facility available for payment of interest on non cumulative deposits
  • Advance interest warrants for one financial year
  • Premature withdrawal facility available as per existing NHB directives
  • Nomination facility available
  • Demand draft facility available for repayment

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