|LIC HOUSING FINANCE LIMITED|
|AAA Rated by ICRA and ICRA|
|Interest Rates applicable for deposit size below Rs. 20 crores only|
|Tenure (Months)||Rate of Interest||Cumulative Yield||Monthly|
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
Available for cumulative & non-cumulative deposits, both
High returns on Fixed Deposit
High Stability and Credibility with FAAA/Stable by CRISIL
Deposit can be placed by Resident Individuals, HUF, Limited, Private Limited Companies, NRI, Co-operative Societies, Association of Persons & Trusts
Quick Loan against Deposit facility
Premature Encashment Available
BANK DETAILS (RTGS/NEFT)
|Mode of Deposit||NEFT/RTGS||Cheque|
|Beneficiary Name||LIC Housing Finance Limited
||payable to “LIC Housing Finance Limited"
|Bank Account Number||A/c 919020003182009
|Bank Name||Axis Bank Ltd.
||marked "Account Payee only"|
|Bank branch||Cuffe Parade Branch
As per the Housing Finance Companies (NHB) Directions 2010, no premature withdrawal is allowed for a period of 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 category 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 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 cancelled 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.
LIC Housing Finance Limited is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai. LIFE INSURANCE CORPORATION OF INDIA holds founder, promoter & controller status. LIC HFL is associate/subsidiary Company of LIC of India. LIC HFL Company since 1989
Profit Before Tax
(Rs. in crore)
Profit After Tax
(Rs. in crore)
Disclaimer : Interest rates are subject to change. Please confirm the rates before investing.
Fixed Deposits At a Glance