LIC Housing Finance Revises Interest Rates On FDs, Now Get Up To 7.75% Interest

LIC Housing Finance Ltd. (LIC HFL), one of the largest housing finance companies (HFC) in India, revises its interest rates on both cumulative & non-cumulative domestic fixed deposits (FDs) schemes. The revised interest rates are effective from 12th April 2023, according to the official website of LIC HFL.

LIC HFL FDs are rated AAA/STABLE by CRISIL, which makes it a safe and secure deposit scheme. You may take a loan against a fixed deposit of up to 75% of the deposit amount with the LIC HFL.
LIC HFL is now offering interest rates from 7.25% to 7.75% on domestic deposits under the Cumulative option for deposit tenors of 1 Year, 18 Months, 2 years, 3 years, and 5 years.

While, under the non-Cumulative option, LIC HFL offers interest rates between 7% to 7.50% (monthly option) and 7.25% to 7.75% (yearly option) for deposits up to Rs 20 Crore. LIC HFL offers interest rates between 7% to 7.50% (Monthly option) and 7.25% to 7.75% (yearly option) for deposits above Rs 20 crore.

Cumulative Deposit Scheme

Interest Rates On Deposits up to Rs 20 Crore

Tenure	Interest Rates (p.a.)
1 Year	7.25%
18 Months	7.35%
2 Years	7.60%
3 Years	7.75%
5 years	7.75%

Interest Rates On Deposits above Rs 20 Crore

Tenure	Interest Rates (p.a.)
1 Year	7.25%
18 Months	7.25%
2 Years	7.50%
3 Years	7.75%
5 years	7.75%

Non-Cumulative Deposit Scheme

Interest Rates on Deposits up to Rs 20 Crore

Tenure	Monthly Option Interest Rates (p.a)	Yearly Option Interest Rates (p.a)
1 Year	7.00%	7.25%
18 Months	7.10%	7.35%
2 Years	7.35%	7.60%
3 Years	7.50%	7.75%
5 years	7.50%	7.75%

Interest Rates on Deposits above Rs 20 Crore

Tenure	Monthly Option Interest Rates (p.a)	Yearly Option Interest Rates (p.a)
1 Year	7.00%	7.25%
18 Months	7.00%	7.25%
2 Years	7.25%	7.50%
3 Years	7.50%	7.75%
5 years	7.50%	7.75%

Source - lichousing.com

Following the deduction of any applicable taxes, interest is compounded annually and paid in addition to the principal amount due at maturity. Senior citizens will get an additional 0.25% interest rate for deposits of Rs. 20,000 but no more than Rs. 2 crore across the tenures from the company.