AAA Rated by ICRA and ICRA
Interest Rates applicable for deposit size below Rs. 20 crores only (w.e.f. 12-04-2023)
  Cumulative Non-Cumulative
Tenure (Months) Rate of Intt. Cuml. Yield Monthly
12  7.25%  7.25%  7.00% 
18  7.35%  7.50%  7.10% 
24  7.60%  7.89%  7.35% 
36  7.75%  8.37%  7.50% 
60  7.75%  9.05%  7.50%

Key Features & Benefits:

  • Minimum in  Monthly Option: Rs. 2,00,000/- and in multiples of 10,000

  • Minimum in Yearly Option: Rs. 20,000/- and in multiples of 1000

  • 0.25% additional interest for Senior Citizen

  • Available for cumulative & non-cumulative deposits, both

  • High returns on Fixed Deposit

  • High Stability and Credibility with FAAA/Stable by CRISIL

  • Flexible Tenures

  • The deposit can be placed by Resident Individuals, HUF, Limited, Private Limited Companies, NRI, Co-operative Societies, Association of Persons & Trusts Quick

  • Quick Loan against Deposit facility

  • Premature Encashment Available

Who Can Invest

  •  Resident Indian Citizens

  • NRI / PIO (Only through NRO A/c) (Max.3yrs)

  • HUF / Family Trusts Association of Persons /Co-op. Societies Sole Prop./ Partnership / Cos.

Mode of Deposit NEFT/RTGS Cheque
Beneficiary Name LIC Housing Finance Limited 
payable to  “LIC Housing Finance Limited"
Bank Account Number A/c 919020003182009
A/c 919020003182009
Bank Name Axis Bank Ltd.
marked "Account Payee only" 
IFSC UTIB0000447 
Bank Branch Cuffe Parade -

Premature Withdrawal

As per the Housing Finance Companies (NHB) Directions 2010, no premature withdrawal is allowed for a period of the first 3 months from the date of deposit subject to regulatory conditions. In case of premature withdrawal after the expiry of 3 months, the following rates shall apply.

  • After 3 months but before 6 months - The maximum interest payable shall be 4 % per annum for the individual depositor and no interest in case of other categories of depositors.

  • After 6 months but before the date of maturity - Interest payable will be 1% less than the rate applicable to the deposit for which deposit remained with the company. If the interest rate has not been prescribed for such a period, then interest payable will be 2% lower than the lowest rate at which the public deposits are accepted by the company.

  • For premature withdrawals of deposits, the duly discharged FDR with a revenue stamp of requisite value must be surrendered to the company. Premature withdrawals of single or jointly held fixed deposits shall be processed only after such request is signed by all the depositors along with FDR duly discharged and a canceled cheque leaf should be submitted.

  • In the event of the death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock-in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and only subject to the submission of proof of death and other requisite documents to the satisfaction of the Company

About Company

LIC Housing Finance Limited is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office in Mumbai. LIFE INSURANCE CORPORATION OF INDIA holds founder, promoter & controller status. LIC HFL is an associate/subsidiary Company of LIC of India. LIC HFL Company since 1989.

Company Financials
Financial Year
Ended on
Profit Before Tax
(Rs. in crore)
Profit After Tax
(Rs. in crore)
31/03/2021 3,348.57 2,734.34 425
31/03/2020 3,268.99 2,401.84 400
31/03/2019 3,379.55 2,430.97 380

Fixed Deposits At a Glance