LIC FD Detail (Fixed Deposit Rates and Review)

Incorporated in 1989, LIC Housing Finance Ltd (LICHFL) is promoted by LIC of India is mainly engaged in providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. They also offer loans to professionals for purchase or construction of Clinics, Nursing Homes, Diagnostic Centers, equipments, and Office Space. The company went public in the year of 1994.

The Company provides finance to builders and developers engaged in the business of construction of houses or flats for residential purpose. They are having a nation-wide network with 9 Regional Offices, 25 Back Offices, 282 Marketing Units and Consistent record of dividend payments since 1990. They have served almost 25 lakhs families and 12000+ marketing intermediaries.

The Company is registered with National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE).

Profits and Dividends (in ₹ Crores)

Year Ending Profit Before Tax (₹ in Crores) Profit After Tax (₹ in Crores) Dividend (%)
31st March 2019 3379.55 2430.97 380%
31st March 2018 2765.50 2002.50 340%
31st March 2017 2955.77 1931.05 310%

LIC FD Detail

Company Name LIC Housing Finance Ltd
FD Type Cumulative, Non Cumulative
Tenor 12 months to 60 months
Rating 'FAAA' By CRISIL
Minimum Amount (INR) 10,000 (Yearly)
Additional in multiple of 1000
Interest Rates (Min) 6.60% p.a.
Interest Rates (Max) 7.10% p.a.
Additional Interest For Senior Citizens +0.25%
Additional Interest For Employee
Additional Interest For Others
Interest Payment Dates Non-Cumulative (Monthly): 1st day of the Month & on 31st Mar for the month of March
Non-Cumulative (Annually): 31st March
Cumulative (Annually): 31st March
Auto-Renewal Facility Yes
Renewal Rate Benefit
Multi Deposit Facility
NRI Allowed Yes
Loan against FD Available?
Invest Using Debit Card No
Interest on Loan (Yearly) 2% over the rate at which deposit is placed
CFD Calculator Yes
Online Application Process Yes

LIC FD Interest Rates

Rate of interest applicable to retail deposit up to ₹20 crore

Tenure Monthly Option for Non-Cumulative deposits (interest p.a.) Yearly Option for Cumulative and Non-Cumulative deposits(interest p.a.)
12 6.60% 7.00%
18 6.60% 7.00%
24 6.60% 7.00%
36 6.80% 7.10%
60 6.90% 7.10%

CFD Rating Details

This offer is rated 'FAAA' by CRISIL. The rating of CFDs indicates that Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such instruments carry lowest credit risk.

LIC FD Form

LIC FD Ratings

10
4.3
Rating:Rated 4.3 stars

Vote Here ...

LIC FD Banking Details

Crossed A/c Payee Cheque/RTGS/NEFT should be payable to 'LIC Housing Finance Limited -- Collection A/c'

Bank Account details
Beneficiary Name: LIC Housing Finance Limited
Account Number: 919020003182009
Bank Name: Axis Bank Ltd
Branch: Cuffe Parade Branch
IFSC Code: UTIB0000447

LIC FD Contact Details

LIC Housing Finance Ltd
131 Maker Tower 'F' Wing,
13th Floor,
Cuffe Parade, Mumbai - 400 005

Phone: 2217 8600
Email: pd@lichousing.com
Website: http://www.lichousing.com


1 Comments

Priya
1. Priya  Jun 19, 2020 14:42 I Like It. 1 | Report Abuse Reply
First of all, everyone should be aware that LIC is a private organization, not a govt owned this is the basic information where the clients are fooled at first and once you go they have well-trained brokers so-called agents who wl make your fate even worse by opting you to a higher rate of interest? and never opens up all hidden charges like atonal rate of interest and charges for keeping our original documents safe at 1 place they charge 2500/ and once you close the loan no one will respond to you even after closing the dues your original documents take 1-2 months time to get back from them and they say very cooly that it is std procedure I have never seen such a useless company in my lifetime. Please never opt for LIC for even insurance as well.
Rishie
2.1. Rishie  Aug 3, 2020 04:04 I Like It. | Report Abuse
I don't think this platform is a place for crying about how tou got ditched by some broker.

LIC FD Interest Rates

LIC FD Detail

CFD Name LIC Housing Finance Ltd
CFD Rating 'FAAA' By CRISIL
Minimum Amount (INR) 10,000 (Yearly)
Additional in multiple of 1000
CFD Interest Rates (Min) 7.10% p.a.
CFD Interest Rates (Max) 6.60% p.a.
Additional Interest For Senior Citizens +0.25%
Additional Interest For Others
Interest Payment Dates Non-Cumulative (Monthly): 1st day of the Month & on 31st Mar for the month of March
Non-Cumulative (Annually): 31st March
Cumulative (Annually): 31st March

LIC Housing Finance Ltd FD Interest Rates

Rate of interest applicable to retail deposit up to ₹20 crore

Tenure Monthly Option for Non-Cumulative deposits (interest p.a.) Yearly Option for Cumulative and Non-Cumulative deposits(interest p.a.)
12 6.60% 7.00%
18 6.60% 7.00%
24 6.60% 7.00%
36 6.80% 7.10%
60 6.90% 7.10%

Rate of interest applicable to retail deposit above ₹20 crore

Tenure

Monthly Option for Non-Cumulative deposits (interest p.a.)

Yearly Option for Cumulative and Non-Cumulative deposits(interest p.a.)
12 6.40% 6.70%
18 6.40% 6.70%
24 6.40% 6.70%
36 6.45% 6.75%
60 6.45% 6.75%







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