Lic Fixed Deposit

6 min readNov 5, 2021

Lic Fixed Deposit Scheme
Lic Fixed Deposit Interest Rates

Fixed Deposit and Life Insurance are common investment avenues, to help you save money. Banks, NBFCs and other companies offer FD, while insurance corporations are the only providers of insurance. The main difference between the two lies in the fact that the. Lic housing finance ltd fixed deposits Who can Apply:- Any Co. (Public Ltd./Private Ltd.), Individual( Resident / NRI / PIO), Minors through guardians, Association of Persons, HUF, Co-op societies, Sole Proprietorship and P’ ship firms. Finance Company, Home Loan Providers In India,Dubai,Kuwait, Home Loans — With you for your dream home.Find easy Housing Loan for your needs from LIC HFL. Get lowest interest rates and fulfill the dream of owning your dream home.

LIC Housing Finance Fixed Deposit

LIC Housing Finance FD is the new generation investment scheme offered by the Life Insurance Corporation of India (LIC) from the name of ‘Sanchay’. Any Indian national, Non-resident Indian, corporations, Co-operatives, etc. can apply for the LIC Housing Finance Fixed Deposit scheme. The scheme also offers the facility of loan against FD and premature withdrawal. Moreover, the LIC HFL Sanchay FD scheme also hasa good interest rate. The other information like interest rate chart, applying procedure, etc. have been provided below.

LIC Housing Finance FD Rates 2020

Note: Figures mentioned in the above provide table are subject to change without prior information.

Documents Required for The LIC HFL Sanchay

Procedure To Apply For LIC Housing Finance Fixed Deposit

First of all, download the application form.
Now fill the application form carefully and please provide only true details and attach the copy of the documents stated above.
After that visit to the nearby LIC Housing Finance office with the said documents.
Meet the executive, he/she will help you in further process of the application.
Finally provide all the additional documents and details asked by the executive.
Finally, your applying procedure for the FD scheme, Sanchay, by LIC HFL will be completed.

Note: The scheme allows the jointly deposit. Royal ace casino codes. Maximum 03 individuals can perform a single deposit account under the Sanchay scheme.

Major Facilities

Sanchay, an LIC fixed deposit scheme offers two major facilities to it customers that are-

Loan Against FD
Premature Withdrawal

Loan against LIC Housing Fixed Deposit (FD)

The holder can apply for the loan against their LIC fixed deposit, here we are providing the features and the essential for the LIC Housing FD Loan.
The fixed deposit deposited at least for a period of 3 months, at the time of applying loan.
The life insurance corporation will provide the loan only up to the 75% of the deposited amount
Corporation will charge the interest for the loan and the interest will be 2% p.a. above the FD rate
The holder has an option to repay the loan lump sum or it can also be adjusted on the maturity of deposit amount.

Premature Withdrawal of LIC Housing FD

The individuals can withdraw FD before the maturity date, the essential features for the same are-
Such withdraw can only be after the completion of 03 months from the date of commencement of fixed deposit.
The Rate of Interest will be-
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LIC Housing Finance company is a well-known name in the finance sector. Real paytm cash earning. The housing finance company offers affordable home loans with an attractive rate of interest that make it easier for the customers to save more on repayment. Other than this, LIC started fixed deposit scheme or Sanchay Public Deposit Scheme in the year 2007 to fulfill the needs of its customers and give them the option to earn from their own savings. The fixed deposit scheme of LIC is named as LIC Housing Finance Sanchay Fixed Deposit and is one of the best schemes you can find as you get a stability and reliability for your money. Since investments are a part of future planning, this fixed deposit scheme of LIC can surely help your build a good path. Under this scheme, you need to invest money for a minimum of 1 year and to the maximum of 5 years to enjoy a higher return on your investment.

With the strength and support of so many investors, LIC Housing Finance Fixed Deposit investors are also increasing day by day. So, if you are looking for options wherein you can invest your money, have a look at the features and benefits of the LIC Housing Finance Fixed Deposit or Sanchay Public Deposit Scheme.

Table of Contents

3 LIC Fixed Deposit Interest Rates

Benefits and features of Sanchay Public Deposit Scheme

It has been rated FAAA by CRISIL
Minimum amount to make an investment is ₹10,000 and thereafter additional deposits accepted in multiples of ₹1000
To deposit your money with the deposit scheme you need to be Indian resident individual
It is also available for HUF, Limited and Private Limited Companies, NRI, Co-operative Societies, and association of persons
Special rate of interest for senior citizens from addition 0.10% to 0.25% depending upon the amount
You can make investment under cumulative or non-cumulative scheme
Flexible duration to choose from minim 1 year to maximum 5 years
You can make individual or joint investment
Interest is paid on compounded and annual basis

Now after looking at the above benefits, you must look at the documentation required at LIC to start an FD account. So, look at the list of documents that you must have to open an FD account:

Documents required for fixed deposit

Duly filled application form along with recent photographs
ID proof documents such as latest photographs, valid passport, copy of PAN card, driving license, voter ID, job card by NREGA, Aadhar card
Address proof as valid passport, copy of PAN card, driving license, voter ID, Aadhar card, latest utility bill such as electricity bill, telephone bill, postpaid mobile phone bill, water bill, etc., property/Municipal tax receipt, bank passbook/bank statement, pension payment order, accommodation letter from employer, documents by foreign authority