I am A senior citizen invested in DHFL about 25.0 Lakhs by FD for 3 years and 5 years (10L+15L ). It is more than a year now. I intend to construct a house on my B Khata plot. I need to withdraw full amount as NO NBFC, HFC gives home loans for a retired person. Can I withdraw under emergency clause? Please clarify
Usually, premature withdrawals are allowed after three months from the date of deposit. After 3 months but before 6 months, no interest will be payable. Post 6 months but before 12 months, the interest is paid at 3% less than the rate the policy was accepted with. If you withdraw after 12 months, the interest paid is 2% less than the deposit run period.
However, the DHFL company itself is under huge financial stress. Hence, I am not sure what rules they modify and set in your case. Hence, better to approach DHFL directly in this regard.