• General
  • General
Sanchay Public Deposit

SANCHAY is the name of Public Deposit scheme offered by LIC Housing Finance Limited. The company started accepting deposits from May, 2007.

Features:

  • SANCHAY is the name of Public Deposit scheme offered by LIC Housing Finance Limited. The company started accepting deposits from May, 2007.

  • Minimum amount of investment is Rs. 10,000/-.

  • Deposit can be placed by Resident Individuals, HUF, Limited, Private Limited Companies, NRI, Co-operative Societies, and Association of Persons.

  • Deposits can be placed under both Cumulative and Non-Cumulative Option.

  • Deposits can be placed for duration of 1year, 18 months, 2 years, 3 years and 5 years. However the maximum term of deposit allowed for NRI is 3 years.

  • Deposits are accepted in joint names not exceeding three in number.

  • The interest is paid /compounded on annual basis.
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