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LIC Fixed Deposit Interest Rates

FD Interest Rate in LIC Housing Finance 2022

Last Updated 14th Dec 2021

When it comes to the FD interest rate, the highest rate offered on LIC Housing Finance FD is 5.75%. Latest LIC Housing Finance FD interest rate for senior citizens, on the other hand, ranges between 5.50% to 6.00%.You can earn up to ₹ 28,750 per lakh by investing some money in a fixed deposit account.

Time Duration FD Interest Rates Today Current FD Interest Rates for Senior Citizen
18 months 5.50% 5.75%
1 year 5.25% 5.50%
2 years 5.65% 5.90%
3 years 5.75% 6.00%
5 years 5.75% 6.00%
Earn upto 7.05% on FD APPLY NOW

LIC Fixed Deposit Features

LIC Housing Finance FDs are one the best investment options available for depositors who are looking to invest in a fixed income instrument and earn higher returns than the savings account. Key Features of LIC Housing Finance Fixed Deposit are:

  • Deposit Amount : LIC Housing Finance FD can be opened with an amount as a low to up to No Limit.
  • FD Tenure : Ranges between 18 months to 5 years.
  • Interest Rate Range : 5.25% p.a. to 5.75% p.a.
  • Senior Citizens FD Rate : 5.50% p.a to 6.00% p.a.
  • Highest Interest Rate : As per today’s rate, LIC Housing Finance’s highest interest rate on FD is 5.75% offered for a tenure of 5 years.
  • Safety of LIC Housing Finance Deposits : LIC Housing Finance is a HFC and hence, its deposits are not covered under insurance. However, deposits of HFC are rated by rating agencies, which give a good understanding of your savings. AAA or AA rated deposits are considered have the highest safety
  • Loan against FD : As per the policy of LIC Housing Finance. To be confirmed at the time of opening a FD.
  • Auto- Renewal Facility : Available
  • Nomination Facility : Available
  • Popular FD Schemes : Public Deposit Scheme

LIC Housing Finance FD Interest Rates Today

Interest rates on LIC Housing Finance deposits are updated regularly by the Government of India. The following are updated LIC Housing Finance FD interest rates 2022:

Tenure Interest Rate
18 months 5.50%
1 year 5.25%
2 years 5.65%
3 years 5.75%
5 years 5.75%

LIC Housing Finance FD Rates for Senior Citizens

With an aim to attract senior citizens above the age of 60 years to invest in the fixed deposits, LIC Housing Finance offers a higher interest rate to senior citizens than the general public. Fixed deposit interest rates for senior citizens in LIC Housing Finance 2022 are as follows:

Tenure Interest Rate for senior citizens
18 months 5.75%
1 year 5.50%
2 years 5.90%
3 years 6.00%
5 years 6.00%

LIC Housing Finance Fixed Deposit Rates – Premature Withdrawal

You can close your LIC Housing Finance FD account prematurely, however LIC Housing Finance charges a penalty of 2% for premature withdrawal. Also, The penal provisions for premature closure on LIC Housing Finance FD are subject to change from time to time and may also vary with deposit schemes.

Nomination Facility on LIC Housing Finance FD

LIC Housing Finance also offers a nomination facility on Fixed Deposit to claim the amount in case of the depositor's death. You can file the details of only 1 nominee when opening an LIC Housing Finance FD account. The nominee has to submit his/her identification proof at the time of claim.

Earn upto ₹ 28,750 Per Lakh on LIC Housing Finance Fixed Deposit?

To earn ₹ 28,750 per lakh on an online FD for 60 months:-

  • Investment Amount - ₹ 1,00,000
  • FD Interest Rate - 5.75%
  • Tenure - 60 months
  • Calculation formula - Simple interest
  • Interest Payout - ₹ 28,750
  • FD Maturity Amount - ₹ 1,28,750

Note: Before investing in a fixed deposit account, you must compare the FD rates offered by different financial institutions. This way, you can earn the maximum returns.

FD Account Opening Process at LIC Housing Finance

To open an LIC Housing Finance Fixed Deposit, follow the steps as mentioned below:

  • Visit the official website of LIC Housing Finance and log in to your FD account.
  • From the menu, choose the Fixed Deposit option, the Type of FD you want to open and click on proceed.
  • Enter the deposit amount and select the ‘Senior Citizen’ option if you are above 60.
  • Now, choose the deposit tenure and interest payout frequency.
  • Finally, click on Submit to open the LIC Housing Finance FD after reading the terms and conditions.

Loan Against Fixed Deposit LIC Housing Finance

LIC Housing Finance offers loans up to 75% against its own deposit. Note that LIC Housing Finance will not give you loan against FD of any other bank. LIC Housing Finance offers Loan against FD at the rate of 6.25% to 6.75%

Illustration - Mr. Rahul has opened a fixed deposit of ₹ 1,00,000 for 2 years in LIC Housing Finance. The borrower later decided to take a loan against his FD. The bank has approved a credit limit of 75% against his FD at 10% interest rate. Now, if the borrower draws ₹ 75,000 on the first of the month and then repays the money on the 1st of next month, then he is supposed to pay the interest on ₹ 75,000 available for 1 month only. The amount he repays after 1 month is ₹ 75,612. So, the interest charged on the loan taken is ₹ 612.


What is the highest fixed deposit interest rate for LIC Housing Finance?

You can earn a maximum interest of 5.75% on LIC Housing Finance fixed deposit deposits for a tenure of 10 months.

Are there any special rates for senior citizens FD of LIC Housing Finance?

Yes, senior citizens get a higher rate on their deposits compared to FD rates. The rate of regular FD are in the range of 5.25% to 5.75%. Compared to this, LIC Housing Finance senior citizens FD are in the range of 5.50% to 6.00%.

What are the current LIC Housing Finance FD interest rates 2022?

Current interest for FD in LIC Housing Finance ranges between 5.25% - 5.75%. for different tenure.The highest rate is offered on a tenure 6.00 months/years. For senior citizens the interest rates ranges bweteen 5.50% - 6.00%.

Is there any minimum amount that I have to give for opening a Fixed Deposit with LIC Housing Finance?

The minimum deposit amount required to book an FD with LIC Housing Finance is and there is no limit for maximum amount.

Did LIC Housing Finance increase FD rates in 2022?

No, LIC Housing Finance has reduced its Fixed Deposit rates by upto 0.25%. The best rate on LIC Housing Finance FD has been cut to 5.75% from 6.00% earlier. The fixed deposit rates of LIC Housing Finance are now in the range of 5.25% to 5.75% with effect from 09 Jul, 2021.

Is it possible to change the tenure of my existing fixed deposit account with LIC Housing Finance?

No, it is not possible to alter the tenure selected for the fixed deposit account once the account is opened. However, you may close your existing fixed deposit account and can open a new account with a desired tenure of your choice.

What are the implications of opening an FD bank account without having PAN?

Following are the implications for the customers opening an FD account with LIC Housing Finance without their PAN card

  • Your TDS will be deducted at the rate of 20% as against 10% under section 206AA
  • NO TDS credit from the Income Tax department
  • NO TDS certificate will be issued
  • Form 15G/H and other exemption certificates will be invalid and penal TDS will apply

Can a customer open an FD account online in LIC Housing Finance?

Yes, you can submit your application for opening an FD account on the website of LIC Housing Finance. After submitting the application, you will be contacted by the bank’s representative for the further process, which includes filling an application process and submitting KYC documents.

In how many years FD will double in LIC Housing Finance?

The interest rate on FD depends upon the tenure you choose. To know the time period in which your FD amount will get doubled, you need to divide 72 the 5.75%. For LIC Housing Finance FD the number of years in which your FD will get doubled is; 72/5.75 = 13

What is the interest of 1 lakh in the LIC Housing Finance?

The interest on LIC Housing Finance fixed deposit depends on the tenure of the FD for which it is deposited. The highest interest rate is 5.75% for tenure and banks offer senior citizens little more, which is 6.00%.

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LIC News - Jan 2022
  • 2020-10-10 : Revised fixed deposit rate for LIC Housing Finance
    LIC Housing Finance Ltd (LIC HFL) has revised its FD rates for broadly all maturities. FD rate for tenure upto 2 years is 5.65% and stands at 5.75% for the tenure of 2 years and 1 day to 5 years. The revised rates will be effective from 8 October 2020.
  • 2018-09-06 : LIC HFL revises FD rates
    LIC Housing Finance Ltd (LIC HFL) has revised its FD rates for broadly all maturities. These rates range from 7.55% to 7.85% as the tenure goes up to 5 years. The revised rates would be effective from 01st September, 2018.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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