• LIC HFL Sanchay Deposit Scheme

    The Sanchay Deposit Scheme is a public deposit scheme made available by LIC Housing Finance Limited. Deposits have been accepted by the company since May 2007, and customers find it to be one of the best investment options out there.

    Eligibility Criteria to apply for LIC HFL Sanchay Deposit Scheme

    The scheme is available to resident individuals, non-residents of India, associations of persons, private limited companies, co-operative societies, and Hindu undivided families.

    Features of Sanchay Deposit Scheme

    Account Type

    Joint or single


    The minimum amount of money that can be deposited into the Sanchay Deposit Scheme is Rs.10,000, and all additional deposits in addition to it must be in multiples of Rs.1000.

    Rate of Interest

    The minimum rate of interest applicable to this scheme is 8.25% and the maximum is 8.50%.


    The minimum period for this scheme is one year. The maximum is five years, and terms vary from one year, 18 months, two years, three years and five years. The maximum period for NRIs, however, is three years.

    Sanchay Deposit Scheme Interest Rates

    Following is the table showing the interest rates applicable to the cumulative / non-cumulative scheme:


    Interest Rate per annum

    One year


    18 months


    Two years


    Three years


    Five years


    Interest rates are linked to the bank’s base rate and are subject to change as per the bank’s discretion. Rates are as of December 2015.

    Frequently Asked Questions of LIC HFL Sanchay Deposit Scheme

    1. What schemes are available to customers?

      The deposits made under the Sanchay Deposit Scheme can be either under Non-Cumulative or Cumulative option or both.

    2. Can I deposit funds under a joint account?

      Yes, customers have the option of depositing money in joint names. However, the maximum number of members in a joint scheme cannot exceed three.

    3. Can Trusts deposit money into the Sanchay Deposit Scheme?

      Yes, the company does accept deposits from trusts as per Section 11(5) (ix) of the Income Tax Act, 1961.

    4. How is the interest rate on this scheme calculated?

      The interest is compounded and paid on a yearly basis. Under the cumulative option, interest will be compounded and paid with annual rest at the time of maturity. In case of the non-cumulative option, interest will be compounded and paid annually on the 31st of March. The interest will be directly credited to the customer’s bank account provided the ECS option is selected.

    Useful Information on LIC HFL Fixed Deposit

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    LIC HFL Sanchay Deposit Scheme Reviews

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