Lic Fixed Deposit

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. LIC Housing Finance Ltd. Offers fixed deposits accounts under the deposit scheme of Sanchay Public Deposit Form since May, 2007. The company has enjoyed a Crisil rating of AAA/Stable and CAREAAA for 12 years leading up to 2013.

1. Lic Fixed Deposits
2. Lic Fixed Deposit Rates
3. Lic Fixed Deposit Schemes
4. Lic Fixed Deposit Plan In Hindi

• Annually on Cumulative Deposits Senior Citizens: Additional interest @ 0.25% p.a. (for deposits of ₹ 20,000/- & above but upto ₹ 20 Crores) on all tenors. Interest rates effective from on Public Deposits above ₹ 20 CRORES.
• LIC Fixed Deposit Sanchay is a public term deposit scheme available for residents of India, NRIs, Co-operatives, Private Companies, Trusts, etc. The company provides both cumulative as well as non-cumulative investment options, thus offering flexibility to the customers. To check the FD rating of LIC Housing fixed deposits, check the table below.
• 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.

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. Maximum 03 individuals can perform a single deposit account under the Sanchay scheme.

Major Facilities

Lic Fixed Deposits

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-

• बैंक सखी योजना क्या है Bank Sakhi Scheme – योग्यता, ऑनलाइन फॉर्म की जानकारी - June 22, 2020
• Bad bank (बैड बैंक) क्या है What is Bad Bank Explained in Hindi - June 22, 2020
• टर्म इन्शुरन्स क्या होता है Term Life Insurance Explained in Hindi - June 22, 2020

LIC Housing Finance company is a well-known name in the finance sector. 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.

Lic Fixed Deposit Rates

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.

Lic Fixed Deposit Schemes

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

Lic Fixed Deposit Plan In Hindi

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

LIC Fixed Deposit Interest Rates

Have a look at the FD interest rates for the maximum deposit of ₹5 crores.