Fixed Term Deposit (HDC) - Individual

Sow your means for a blooming future

Individual term deposits offer even greater convenience and value added propositions. Whether you are saving big or small, our Housing Deposit Certificate constitutes an effective way to grow your money while offering you the choice of earning interest on your investment either on a monthly, quarterly, half yearly or yearly basis or at maturity.

Enjoy the benefits

  • Competitive interest rates of up to 5.1% (p.a)
  • Fixed terms of 6, 12, 24, 36, 48, 60, 72, 84, 96, 108 and 120 months
  • Possibility to open joint accounts (adults) 
  • Minors can also hold an account subject to a guardian 
  • Loans can be contracted against the Housing Deposit Certificate 
  • Choose how often you receive your interest – monthly, quarterly, half-yearly, yearly or at maturity
  • Enjoy guaranteed interest and security for your money

Be on your way to a better investment opportunity.

Features

  1. Minimum deposit to open account: Rs 10,000. 
  2. Interest paid monthly*, quarterly, half-yearly, yearly and at maturity.
  3. Interest Rate linked to the Repo Rate.

 

  • How do I open an account?
    • You need to contact any MHC office and produce the following documents: 
      • Proof of Identity 
        • Adults: national identity card 
        • Minors: birth certificate 
      • Residential address
        • Recent utility bill (e.g. CWA/CEB/Telephone/Bank statement) not older than 3 months 

In case your cash deposit is greater or equal to Rs 100, 000, you need to produce a proof of sources of funds. 

  • Cash payment limitation
    • As per FIAMLA section 5 (1), we are not allowed to accept cash deposits exceeding 500,000 rupees or an equivalent amount in foreign currency. 

Interest rate (% p.a) with effect from 14 August 2019

Interest Payment Period At Maturity Yearly Half Yearly Quarterly Monthly
6 0.95        
12 2.40 2.40 2.15 2.00 1.95
24 3.20 2.95 2.75 2.70 2.65
36 3.75 3.50 3.30 3.20 3.15
48 4.25 4.00 3.80 3.70 3.60
60 4.50 4.25 4.00 3.90 3.80
72 4.65 4.40 4.15 4.05 3.95
84 4.80 4.55 4.30 4.20 4.10
96 5.00 4.75 4.50 4.35 4.25
108 5.05 4.80 4.55 4.40 4.30
120 5.10 4.85 4.60 4.45 4.35

Download Interest rate table

Enjoy the benefits
  • Competitive interest rates of up to 5.1% (p.a)
  • Fixed terms of 6, 12, 24, 36, 48, 60, 72, 84, 96, 108 and 120 months
  • Possibility to open joint accounts (adults) 
  • Minors can also hold an account subject to a guardian 
  • Loans can be contracted against the Housing Deposit Certificate 
  • Choose how often you receive your interest – monthly, quarterly, half-yearly, yearly or at maturity
  • Enjoy guaranteed interest and security for your money

Be on your way to a better investment opportunity.

Features
  1. Minimum deposit to open account: Rs 10,000. 
  2. Interest paid monthly*, quarterly, half-yearly, yearly and at maturity.
  3. Interest Rate linked to the Repo Rate.

 

  • How do I open an account?
    • You need to contact any MHC office and produce the following documents: 
      • Proof of Identity 
        • Adults: national identity card 
        • Minors: birth certificate 
      • Residential address
        • Recent utility bill (e.g. CWA/CEB/Telephone/Bank statement) not older than 3 months 

In case your cash deposit is greater or equal to Rs 100, 000, you need to produce a proof of sources of funds. 

  • Cash payment limitation
    • As per FIAMLA section 5 (1), we are not allowed to accept cash deposits exceeding 500,000 rupees or an equivalent amount in foreign currency. 

Interest rate (% p.a) with effect from 14 August 2019

Interest Payment Period At Maturity Yearly Half Yearly Quarterly Monthly
6 0.95        
12 2.40 2.40 2.15 2.00 1.95
24 3.20 2.95 2.75 2.70 2.65
36 3.75 3.50 3.30 3.20 3.15
48 4.25 4.00 3.80 3.70 3.60
60 4.50 4.25 4.00 3.90 3.80
72 4.65 4.40 4.15 4.05 3.95
84 4.80 4.55 4.30 4.20 4.10
96 5.00 4.75 4.50 4.35 4.25
108 5.05 4.80 4.55 4.40 4.30
120 5.10 4.85 4.60 4.45 4.35

Download Interest rate table

2020 MHC - Mauritius Housing Company Ltd