Housing and Urban Development Corporation Limited interest rates · November 2026
Overview
Housing and Urban Development Corporation Limited (HUDCO) is a non-banking finance company (NBFC), headquartered in New Delhi, established in 1970.
RBI classes it as an NBFC that does not accept public deposits, so there are no FD or RD rates to compare. Non-banking finance company (NBFC): deposits are not insured by DICGC. Compare the credit rating along with the rate.
RBI record
Every RBI press release since 1 Jan 2024 that names Housing and Urban Development Corporation Limited, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.
A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.
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RBI fined the bank ₹3,50,000
RBI's reason: “for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Direction, 2016’ and ‘Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021’ issued by RBI”
What RBI found
“The company: (i) failed to undertake risk categorization of its customers during the financial year 2021-22 and did not put in place a system for periodic review of risk categorisation of accounts; and (ii) did not create floating charge on the assets invested by it in terms of Section 29B of NHB Act, in favour of its depositors and register the same with the Registrar of Companies.”
RBI says: “This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the company with its customers.”
This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.
Good to know
- Housing and Urban Development Corporation Limited does not accept public deposits: RBI classifies it as a non-deposit-taking NBFC (or as an infrastructure or investment company), so there are no fixed deposit rates to compare. It raises money through bonds, debentures and bank borrowings, which are market instruments, not deposits.
- HUDCO is a non-banking finance company, not a bank. Its deposits are not covered by DICGC insurance, so compare its credit rating and financial strength, not just the rate.
Informational only. Always confirm the current rate on the official HUDCO website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.
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