LIC FD Scheme by LIC Housing Finance offers high fixed interest returns with safety and stability. With interest rates ranging from 7.25% to 7.75% for general investors and 7.50% to 8.50% for senior citizens, it stands ahead of many banks’ FD rates. Investors can choose tenure between 1 to 5 years, and the scheme supports investments from ₹50,000 to ₹20 crore. For example, investing ₹1 lakh for 5 years at 7.75% gives ₹1,38,750, while senior citizens at 8.50% get ₹1,42,500 on maturity. This makes it an attractive low-risk investment option.
Highlight Table
| Particulars | Details |
|---|---|
| Scheme Name | LIC Housing Finance FD Scheme |
| Interest Rate (General) | 7.25% – 7.75% p.a. |
| Interest Rate (Senior Citizens) | 7.50% – 8.50% p.a. |
| Minimum Investment | ₹50,000 |
| Maximum Investment | ₹20 Crore |
| Tenure | 1 to 5 years |
| Example Return (General) | ₹1 Lakh @ 7.75% for 5 years = ₹1,38,750 |
| Example Return (Senior) | ₹1 Lakh @ 8.50% for 5 years = ₹1,42,500 |
| Interest Payout | At maturity |
| Safety | Low-risk, backed by LIC Housing Finance |
Main Purpose Information
The main purpose of the LIC FD Scheme is to provide a safe, stable, and high-return investment option for individuals who prefer fixed-income instruments over market-linked investments. It targets investors who want predictable returns without worrying about market volatility. With competitive interest rates higher than many commercial banks and a tenure flexibility of 1 to 5 years, the scheme is ideal for both regular investors and senior citizens. LIC’s strong brand trust and financial security make this FD plan a preferred choice for risk-averse individuals who seek steady growth of their savings over a fixed investment horizon.
Eligibility Information
The LIC FD Scheme is open to both Indian residents and senior citizens. Individual investors, joint account holders, and entities such as companies, firms, and trusts can also participate. The minimum investment requirement is ₹50,000, making it accessible to middle-income individuals, while the maximum limit of ₹20 crore caters to high-net-worth investors and institutions. Senior citizens enjoy higher interest rates to help them secure better post-retirement income. Applicants must provide valid identity proof, address proof, and PAN card details during the application process. The scheme is especially beneficial for those seeking low-risk investment with guaranteed returns and flexible tenure options.
How to Apply Information
Applying for the LIC FD Scheme is simple. Interested individuals can visit their nearest LIC Housing Finance branch and request the fixed deposit application form. The form must be filled with personal and investment details and submitted along with KYC documents like Aadhaar card, PAN card, and address proof. The investment amount can be paid via cheque, demand draft, or online transfer (if available). Some branches and authorized LIC agents also assist with the application process. Before investing, it’s advisable to confirm the latest interest rates and terms. Once processed, an FD receipt will be issued, confirming the investment details.
Conclusion Information
The LIC FD Scheme is a reliable and high-return investment plan for individuals who prioritize safety, stability, and guaranteed earnings. With interest rates going up to 8.50% for senior citizens, it outperforms many bank FDs in the market. The flexibility in tenure, wide investment range, and the backing of a reputed organization like LIC Housing Finance make it a trusted choice. Whether you’re a regular investor or a senior citizen, this scheme ensures steady returns without exposure to market risks. However, it’s always wise to consult a financial advisor and review all terms before committing funds to maximize your investment benefits.