LIC Fixed Deposit: Good news for LIC investors! Getting up to 7.75 percent interest on FD, know details

LIC has increased the interest rates on its housing finance FD and now up to 7.75 percent interest is being given here. This is a major change in the financial services offered by LIC customers.

LIC Fixed Deposit: LIC 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.

LIC HFL is a well-known financial institution and is an associate of a government body, i.e. Life Insurance Corporation of India (LIC). Its Housing Finance Fixed Deposit is an investment option that allows investors to invest for a fixed tenure at a printed interest rate. It is a safe investment option that can help investors to get fixed income.

Cumulative public deposit

Following are the interest rates offered by LIC Housing Finance Limited on its Cumulative Public Deposit:

• Interest rate for 1 year: 6.50% p.a.
• Interest rate for 18 months: 6.75% per annum
• Interest rate for 2 years: 6.75% per annum
• Interest rate for 3 years: 6.75% per annum
• Interest rate for 5 years: 7.00% p.a.

The interest rates given here are for deposits of Rs 20 crore and above. The interest rates are subject to change from time to time and you must obtain the latest interest rates from the official website of LIC Housing Finance Limited or from the nearest branch.

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%

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

1. Annuity option for 1 year: 7.25%
2. Annuity option for 18 months: 7.35%
3. Annuity option for 2 year deposit: 7.60%
4. Annuity option for 3 years deposit: 7.75%
5. Annuity option for 5 years deposit: 7.75%