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    LIC Housing Finance Fixed Deposit Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 5 Years
    7.3% - 7.5% Compound yearly
    Response Time Within 30 minutes
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Response Time Within 30 minutes
    Good to Know
    LIC Housing Finance Fixed Deposit Rates

    LIC Housing Finance Limited (LIC HFL), one of the biggest housing finance companies in India, offers a number of Fixed Deposit (FD) schemes to suit the needs of every type of investor. LIC Housing Finance FDs are offered under the Sanchay scheme. LIC offers competitive interest rates and a good rate of return on the overall investment, among other benefits. This is public deposit scheme that was launched in 2007 that is rated FAAA/Stable by CRISIL. At present, the highest rate of interest paid on LIC HFL FDs is 7.45% for all term deposits held from 3 years to 5 years. When it comes to senior citizen term deposits, the highest rate of interest is 7.70% for all deposits held from 3 years to 5 years.

    The benefits of investing in an LIC HFL FD are:

    • Best FD rates in the industry
    • Flexible tenure options
    • Safe and secure investment

    LIC FD Rates

    The updated list of LIC Housing Finance FD Rates, for Regular and Senior Citizen with effect from 15 February 2018, is listed below:

    Tenure Regular FD Rates (for deposits up to Rs.50,000) Senior Citizen FD Rates (for deposits up to Rs.50,000)
    1 year 7.30% 7.40%
    18 months 7.35% 7.45%
    2 years 7.40% 7.50%
    3 years 7.45% 7.55%
    5 years 7.45% 7.55%

    LIC HFC FD rates: Rs.51,000 to Rs.25 Crore

    Tenure Regular FD Rates Senior Citizen FD Rates
    1 year 7.30% 7.55%
    18 months 7.35% 7.60%
    2 years 7.40% 7.65%
    3 years 7.45% 7.70%
    5 years 7.455 7.70%

    LIC HFC FD rates: Above Rs.25 Crore

    Tenure Regular FD Rates Senior Citizen FD Rates
    1 year 7.20% NA
    18 months 7.20% NA
    2 years 7.25% NA
    3 years 7.30% NA
    5 years 7.30% NA
    Minimum and Maximum LIC fd interest rates 2018 for Regular and Senior Citizen
    LIC FD Rates

    LIC HFL offers good interest rates on their FD schemes. At present, the interest rates offered ranges from 7.30% to 7.45% on all individual deposits and 7.40% to 7.55% on all senior citizen deposits. There are flexible tenure options that a customer can choose from. The tenure ranges from a minimum of 1 year to a maximum of 5 years. The interest is payable and compounded annually.

    • LIC HFL short-term FD rates: LIC HFL offers short-term FD schemes for those who do not want to make a commitment for a long period of time. The tenure range for these types of deposits extend from 1 year to 18 months. The rate of interest paid for this type of investment tenure ranges from 7.30% to 7.35%.
    • LIC HFL medium-term FD rates: For those who are ready to keep their money locked in a FD for a little bit longer, medium-term FDs are an ideal option. Generally, the tenure for this slab ranges from 2 to 4 years. The rate of interest paid varies from 7.40% to 7.45%.
    • LIC HFL long-term FD rates: The tenure for a long-term FD is 5 years and the rate of interest paid is 7.45%. This type of investment is for those who are ready to make a long-term commitment with their money.
    • LIC HFL senior citizen FD rates: All senior citizens are eligible for a higher rate of interest. An additional 0.1% will be paid to all those who are above 60. All senior citizens can invest in LIC HFL’s short-term, medium-term and long-term FDs. The rate of interest paid for those in this age bracket varies from 7.40% to 7.55%. The tenure ranges from a minimum of 1 year to a maximum 5 years.

    How to calculate LIC HFL FD interest rate

    It is very easy to calculate the interest that you will earn out of your LIC HFL FD. This can be done before you apply for the term deposit to know how much you will earn from the investment. There are many factors that you have to take into account to calculate LIC HFL FD interest rate.

    Factors affecting maturity amount:

    • The amount/principal invested: The deposit amount is a very crucial and significant factor that impacts the total value of your investment. Generally, higher the investment amount, the more you will earn out of it.
    • Rate of interest: The interest rate offered by the company is also a major factor that affects the total interest that is earned on a particular deposit. In most cases, the interest rate is directly proportional to the tenure range.
    • Tenure of deposit: As far as LIC HFL is concerned, they pay more for those investing in longer tenure FDs.
    • Interest computation frequency: How the interest is computed on a certain FD determines how much money you will eventually make out of it after the maturity period.
    • Taxation: The amount of Tax Deducted at Source (TDS) also has an impact on the total interest income that you will earn from the investment that you make in an FD.

    LIC HFL FD interest calculator

    An FD interest calculator is used to compute the total maturity amount of the term deposit by keying in relevant information such as principal amount, rate of interest, tenure, etc. An online FD interest calculator can be used to make this calculation.

    For example, if you invest Rs.1 lakh for a period of 2 years in an LIC HFL FD scheme at the rate of 7.40% per annum, the total maturity value will be Rs.1,07,400. The total interest earned out of the term deposit scheme will be Rs.7,400.

    Advantages of investing in LIC fixed deposit:

    • The LIC HFL FD is rated as a stable and safe investment to make by CRISIL. This means that the investment is a highly stable one that offers guaranteed returns
    • The interest rates offered on LIC fixed deposits are very competitive and offers a higher rate of return when compared to your average savings account
    • There are a wide range of term deposit schemes that one can choose from, including different tenure ranges and interest payout options

    Key Information before Opening a Fixed Deposit

    Eligibility to Open a FD
    • Individual
    • Joint account Minor with a guardian
    • Partnership
    • Company
    • Any association or Institute
    • NRIs
    Documents Required
    • Application Form
    • Depositor’s photograph (2 copies)
    • Identity proof & Address proof as per KYC Norms
    • PAN Card copy/ Form 60 or 61
    • Aadhaar Card Details
      Benefits of a LIC HFL FD
    • Nomination facility
    • Automatic renewal option after maturity
    • Part withdrawal facility on the deposits
    • Avail loan

    Factors affecting LIC HFL FD rates

    The interest rates offered by LIC HFL depends on a number of factors. These may include both internal and external determinants. Some of these factors could be Reserve Bank of India (RBI) policies, economic conditions, market fluctuation and also the liquidity position of LIC. Let us take a look at some of these elements:

    • Economic conditions: Certain economic developments play a huge role in determining the interest rates offered by banks and financial institutions in the country. In most growing economies, people usually try to avail credit to meet their financial needs. Also, when there is high demand for credit, banks may offer higher interest rates to invite more depositors.
    • Rise in prices: Among other factors, inflation is also one of the main factors that have an impact on term deposit rates. This determines the interest rates that banks and other financial institutions offer to a large extent.
    • Recession: Recession will usually tend to have a negative effect on interest rates in most cases. This is the time when banks and financial institutions will start lowering the rate of interest that is offered on most financial products.
    • RBI policies: RBI policies and guidelines play a crucial role in determining the interest rates in the economy.


    1. Is the interest rate different for corporate deposit schemes and general deposit schemes in LIC HFL?

      No. There is no difference in the interest rates that are offered.

    2. What are the interest payout options available?

      For all cumulative term deposits, the interest will be paid and compounded on an annual basis and the customer will be paid at the time of maturity. For all non-cumulative time deposits, interest will be paid annually on March 31st, each year.

    3. How is the interest paid to the account holder?

      The interest is directly credited to the bank account of the FD holder through ECS.

    4. What are the different interest payout options available?

      Customers can opt for both cumulative and non-cumulative term deposits.

    5. Can I open a joint account?

      Yes. However, interest payment will only be made in the name of the first deposit holder.

    6. Can NRIs open an FD with LIC HFL?


    7. What is the maximum duration allowed for NRIs?

      NRIs can hold an FD for a duration of 3 years as per existing norms.

    8. What is Sanchay?

      Sanchay is the name of the public fixed deposit scheme offered by LIC Housing Finance Limited.

    9. What are the consequences if you do not provide PAN card details while applying for the FD?

      The following will be the consequences:

      • TDS will be deducted at a higher percentage of 20% as against the normal 10%
      • TDS certificate will not be issued
      • You may not receive TDS credit from the Income Tax department
      • All tax exemption certificates will be deemed null and invalid
    10. Are all senior citizens eligible for a higher rate of return?

      Yes. Senior citizens will be paid more than regular individuals upon providing the valid age proof documents.

    LIC Housing Fixed Deposit Reviews

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