LIC Housing Finance Ltd. Was established in 1989 under the Companies Act, 1956. It was promoted by LIC of India and in five short years went public in 1994. LIC Housing Finance Ltd. has its register and corporate office in Mumbai and is registered under the National Housing Bank while also being listed under the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
LIC Housing Finance Ltd. offers fixed deposit accounts under the deposit scheme of Sanchay Public Deposit Form since May 2007. LIC Housing Finance offers competitive LIC Housing Finance FD interest rates and a good rate of return on the overall investment, among other benefits.
Other Banks FD
No. There is no difference in the interest rates that are offered.
Sanchay is the name of the public fixed deposit scheme offered by LIC Housing Finance Limited.
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.
Customers can opt for both cumulative and non-cumulative term deposits.
The interest is directly credited to the bank account of the FD holder through ECS.
Yes, the interest payment will only be made in the name of the first deposit holder.
Yes. Senior citizens will be paid more than regular individuals upon providing the valid age proof documents.
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