LIC FD Calculator

LIC Housing Finance fixed deposit calculator helps you to calculate maturity value of your deposited amount at the interest rate offered compounded at quarterly. The amount of fixed deposits, interest rates on FD, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.

• Deposit amount – This is the initial amount deposited by a customer in LIC Housing Finance. Bank may allow higher interest rate on larger deposits. LIC Housing Finance offers deposit amount in the range of 1,000 to No Limit.
• Rate of Interest - Interest rate is the rate charged by the bank on your fixed deposit. LIC Housing Finance offers a higher rate of interest on fixed deposits of longer tenure and lower interest rate on deposits of less than a year. Highest interest rate offered by LIC Housing Finance is 5.75% for deposit amount below Rs. 3 crore corresponding to a deposit tenure of 36 months to 60 months.
• Period of deposit - Bank offers low interest rate for short tenure FDs and higher interest rate for long tenure FDs. Bank offers a rate of 5.25% for a 36 months FD and a rate of 5.75% for a 60 months FD.
• Interest Compounding Frequency - This determines the frequency at which interest is compounded. Compounding frequency can be monthly, quarterly, half yearly or annual frequency.
• TDS applicability and TDS rate

Illustration: Mr. A opens a FD account of ₹ 1,00,000 with a tenure of 365 days at an interest rate of 5.25%. In this case, the maturity amount at the end of 365 days will be ₹ 1,00,671 which includes the principal of ₹ 1,00,000 and interest of ₹ 671 is earned on the principal amount during the period. Similarly, you can calculate the interest and maturity amount for higher tenures by using FD calculators.

LIC Housing Finance calculates quarterly interest on its fixed deposits. You can also opt for tax saving scheme to save tax on fixed deposit.

• In a periodic interest payout option, LIC Housing Finance would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
• In case you opt for a LIC Housing Finance cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
• Calculate the FD maturity amount using the FD calculator.

The interest earned on a fixed deposit in LIC Housing Finance depends on the deposit amount, interest applicable, deposit tenure and the type of interest calculation frequency. Interest on LIC Housing Finance FD can be calculated monthly, quarterly, half-yearly and annually. The interest rates for senior citizens are higher than normal rates of LIC Housing Finance FD.

Suppose if you make an investment of ₹ 1,00,000 in LIC Housing Finance FD for a 5-year tenure at an interest rate of 5.75% for depositors below 60 years and 6.00% for senior citizens. The maturity amount for this deposit amount is ₹ 1,33,036 and the total interest earned is ₹ 33,036 for below 60 years age citizens. However, the interest earned for senior citizens is ₹ 34,686 which is higher. The maturity schedule of LIC Housing Finance FD for 5 years is explained below in the table –

Maturity Schedule for ₹ 1,00,000 FD at 5.75% for Citizens below 60 years and at 6.00% for Senior Citizens for 5 years

Year	Citizens below 60 Years of Age			Senior Citizens above 60 Years
	Interest Earned	Closing Balance	Interest Earned	Closing Balance
2021	₹ 2,896	₹ 1,02,896	₹ 3,023	₹ 1,03,023
July-Sept	₹ 1,438	₹ 1,01,438	₹ 1,500	₹ 1,01,500
Oct-Dec	₹ 1,458	₹ 1,02,896	₹ 1,523	₹ 1,03,023
2022	₹ 6,045	₹ 1,08,941	₹ 6,322	₹ 1,09,345
Jan-Mar	₹ 1,479	₹ 1,04,375	₹ 1,545	₹ 1,04,568
Apr-Jun	₹ 1,500	₹ 1,05,875	₹ 1,569	₹ 1,06,137
Jul-Sep	₹ 1,522	₹ 1,07,397	₹ 1,592	₹ 1,07,729
Oct-Dec	₹ 1,544	₹ 1,08,941	₹ 1,616	₹ 1,09,345
2023	₹ 6,400	₹ 1,15,341	₹ 6,710	₹ 1,16,055
Jan-Mar	₹ 1,566	₹ 1,10,507	₹ 1,640	₹ 1,10,985
Apr-Jun	₹ 1,589	₹ 1,12,096	₹ 1,665	₹ 1,12,650
Jul-Sep	₹ 1,611	₹ 1,13,707	₹ 1,690	₹ 1,14,340
Oct-Dec	₹ 1,635	₹ 1,15,342	₹ 1,715	₹ 1,16,055
2024	₹ 6,776	₹ 1,22,117	₹ 7,122	₹ 1,23,177
Jan-Mar	₹ 1,658	₹ 1,16,999	₹ 1,741	₹ 1,17,796
Apr-Jun	₹ 1,682	₹ 1,18,681	₹ 1,767	₹ 1,19,563
Jul-Sep	₹ 1,706	₹ 1,20,387	₹ 1,793	₹ 1,21,356
Oct-Dec	₹ 1,731	₹ 1,22,118	₹ 1,820	₹ 1,23,176
2025	₹ 7,175	₹ 1,29,292	₹ 7,559	₹ 1,30,736
Jan-Mar	₹ 1,755	₹ 1,23,872	₹ 1,848	₹ 1,25,025
Apr-Jun	₹ 1,781	₹ 1,25,653	₹ 1,875	₹ 1,26,900
Jul-Sep	₹ 1,806	₹ 1,27,459	₹ 1,904	₹ 1,28,804
Oct-Dec	₹ 1,832	₹ 1,29,291	₹ 1,932	₹ 1,30,736
2026	₹ 3,744	₹ 1,33,036	₹ 3,951	₹ 1,34,687
Jan-Mar	₹ 1,859	₹ 1,31,151	₹ 1,961	₹ 1,32,697
Apr-Jun	₹ 1,885	₹ 1,33,036	₹ 1,990	₹ 1,34,687

Along with online FD Calculator, you can use the formula to do the mathematical calculation of the maturity amount and interest earned on LIC Housing Finance FD.

A = P (1 + r/n) ^ n*t
In the above formula –

• A - Amount received on maturity
• P – Deposit amount
• r - Annual interest rate
• n - Number of times the interest is compounded
• t is Investment tenure

✅What is the highest interest earned on LIC Housing Finance fixed deposit?

You can earn a maximum interest of 5.75% on LIC Housing Finance fixed deposit.

✅How is LIC Housing Finance FD interest calculated?

The formula to calculate interest on LIC Housing Finance FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.

✅How many years FD will double in LIC Housing Finance?

The growth of LIC Housing Finance FD depends on the rate of interest and tenure. There is a method called Rule 72, which computes the number of years it will take to double one’s amount invested in LIC Housing Finance FD. Now to apply the rule, one needs the rate of interest we get on FD. Let’s say the interest offered on FD is 6.95%. Now applying the rule, just divide the number 72 by the rate of interest. So 72/6.95 = 10.36. So it will take a little more than 14 years for one’s investment to get doubled in LIC Housing Finance.

✅What are the minimum and maximum amounts that I can invest in an LIC Housing Finance FD?

The minimum investment limit in LIC Housing Finance Fixed deposit account is ₹ 1,000 and there is no maximum investment limit on FD.