Fixed Deposit Interest Rates: If you are planning to earn more profits through investment, then LIC’s Housing Finance Fixed Deposit can be considered.
LIC Housing Finance Limited ( LIC HFL ) has increased its interest rates on Cumulative Public Fixed Deposit with effect from April 12, 2023. After the revision, HFL is offering interest rates ranging from 7.25% to 7.75% on deposits of 1 year to 5 years.
Cumulative Public Deposit
LIC Housing Finance Limited has increased the interest rates on its Cumulative Public Deposit . These rates are being offered for deposits of Rs 20 crore and above and deposits under the scheme are available for tenures of 1 year, 18 months, 2 years, 3 years and 5 years. So let’s know the interest rates available under it.
Interest rates offered by LIC HFL
Interest rates for deposits below Rs 20 crore-
- 1 year: 7.25%
- 18 months: 7.35%
- 2 years: 7.60%
- 3 years: 7.75%
- 5 years: 7.75%
Interest rates for deposits above Rs 20 crore-
- 1 year: 7.25%
- 18 months: 7.25%
- 2 years: 7.50%
- 3 years: 7.75%
- 5 years: 7.75%
Non-Cumulative Public Deposit interest rate
Interest rates for non-cumulative public deposits up to Rs 20 crore-
Monthly option
- Monthly Option for 1 Year Deposit: 7%
- Monthly option for 18 months deposit: 7.10%
- Monthly Option for 2 Year Deposit: 7.35%
- Monthly Option for 3 Year Deposit: 7.50%
- Monthly option for 5 years deposit: 7.50%
Annual option
- Annuity option for 1 year: 7.25%
- Annuity option for 18 months: 7.35%
- Annuity option for 2 year deposit: 7.60%
- Annuity option for 3 years deposit: 7.75%
- Annuity option for 5 years deposit: 7.75%
