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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,
Note:- NRIs/PIOs can invest upto 3 years only. through NRO A/c
TDS will be deducted at source as per Sec. 194A of IT Act, 1961. However form 15G is to be submitted otherwise.
The deposit Receipt and Interest Warrant will be sent directly to the first A/c holder at the address mentioned in the form within 4 weeks.
Premature Withdrawal will not be allowed before 3 months. After 3 months the rates for premature withdrawal as mentioned in the form will be applicable.
Who Can Invest :
Resident & Non- Resident(through NRO) Individual, Companies(Not Trusts), Co-op Society. NRI can invest only for a max. tenure of 3 years
| Interest rates effective from 01/04/2021 on deposits below 20 CRORES | ||
| Term | Monthly Option for Non-Cumulative deposits (interest p.a.) | Yearly Option for Cumulative and Non-Cumulative deposits (interest p.a.) |
| 1 Year | 5.10% | 5.25% |
| 18 Months | 5.35% | 5.50% |
| 2 Year | 5.50% | 5.65% |
| 3 Year | 5.60% | 5.75% |
| 5 Year | 5.60% | 5.75% |
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The Company has revised the rates of interest on Public Deposits with effect date from 1st April, 2021 Intrest will be paid on Non Cumulative 1st day of month & on 31st march for month of march & Yearly on 31st March For yearly and cumulative option interest will be compounded annually Senior Citizens : Additional interest @0.25% p.a. (for deposit Rs 10,000/- to below Rs 20 Crores) on all tenures. |
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| Interest rates effective from 01/04/2021 on deposits 20 CRORES & above | ||
| Term |
Monthly Option for Non-Cumulative deposits (interest p.a.) |
Yearly Option for Cumulative and Non-Cumulative deposits (interest p.a.) |
| 1 Year | 4.50% | 4.60% |
| 18 Months | 4.75% | 4.85% |
| 2 Year | 4.90% | 5.00% |
| 3 Year | 5.00% | 5.10% |
| 5 Year | 5.00% | 5.10% |
| The Company has revised the rates of interest on Public Deposits with effect date from 1st April, 2021 For yearly and cumulative option interest will be compounded annually |
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Note - Interest rates are subject to change and rate applicable will be the rate prevalent on the date of credit of cheque/Transfer in company's Bank Account.
CORPORATE DEPOSIT (Public/private Ltd Co., Corporations,Statutory Boards,Local Authorities,Banks, Financial Institutions,Body Corporates)
| Interest rates effective from 01/04/2021 on deposits below 20 CRORES* | |
| Term | ROI of Intrest On Deposit below 20 Crores |
| 1 Year | 5.25% |
| 18 Months | 5.50% |
| 2 Year | 5.65% |
| 3 Year | 5.75% |
| 5 Year | 5.75% |
Under Non-Cumulative Deposit Scheme, Interest will be payable on 31st March & under Cumulative Deposit Scheme, interest will be compounded annually
Click Here to download the application form
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