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Interest Rates

Public Deposit Scheme

Interest rates effective from 01/04/2021 on Public Deposits upto ₹ 20 CRORES

TERM INTEREST RATE P.A. FOR MONTHLY OPTION INTEREST RATE P.A. FOR YEARLY OPTION ON MATURITY UNDER CUMULATIVE SCHEME
  Non-Cumulative Deposits Cumulative & Non-Cumulative Deposits ₹ 20,000/- will Become
1 YEAR 5.10% 5.25% ₹ 21,050/-
18 MONTHS 5.35% 5.50% ₹ 21,680/-
2 YEARS 5.50% 5.65% ₹ 22,324/-
3 YEARS 5.60% 5.75% ₹ 23,652/-
5 YEARS 5.60% 5.75% ₹ 26,450/-
Other Details : Monthly Option Yearly Option
Minimum Amount of Deposit ₹ 2,00,000/- ₹ 20,000/-
Additional Deposit in multiples of ₹ 10,000/- ₹ 1,000/-
Interest will be paid on Non-Cumulative Scheme 1st day of the Month & on 31st March for the month of March On 31st March.
Interest will be compounded -- Annually on Cumulative Deposits

Interest rates effective from 01/04/2020 on Public Deposits above ₹ 20 CRORES

TERM INTEREST RATE P.A. FOR MONTHLY OPTION INTEREST RATE P.A. FOR YEARLY OPTION ON MATURITY UNDER CUMULATIVE SCHEME
  Non Cumulative Deposits Cumulative & Non Cumulative Deposits 200001000/- will become
1 YEAR 4.50% 4.60% ₹ 20,92,01,046/-
18 MONTHS 4.75% 4.85% ₹ 21,47,86,299/-
2 YEARS 4.90% 5.00% ₹ 22,05,01,103/-
3 YEARS 5.00% 5.10% ₹ 23,21,88,291/-
5 YEARS 5.00% 5.10% ₹ 25,64,75,419/-

Interest rates are subject to change and rate applicable will be the rate prevalent on the date of credit of cheque/Transfer in company's Bank Account.


Corporate Deposit Scheme

Interest rates effective from 01/04/2021 on Corporate Deposits upto ₹ 20 CRORES*

TERM INTEREST RATE P.A. FOR YEARLY OPTION ON MATURITY UNDER CUMULATIVE SCHEME
  Cumulative & Non Cumulative Deposits ₹ 20000/-will become
1 YEAR 5.25% ₹ 21,050/-
18 MONTHS 5.50% ₹ 21,680/-
2 YEARS 5.65% ₹ 22,324/-
3 YEARS 5.75% ₹ 23,652/-
5 YEARS 5.75% ₹ 26,450/-

*FOR RATE OF INTEREST ON DEPOSITS OF ABOVE ₹ 20 CRORES: PLEASE CONTACT OUR CORPORATE OFFICE.


Under Non-Cumulative Deposit Scheme, Interest will be payable on 31st March & under Cumulative Deposit Scheme, interest will be compounded annually.

If the total Deposits received from single deposit holder/s within a period of one calendar month exceeds ₹ 20 Crores it shall be treated as single deposit and the interest rate shall be the rate applicable for deposits exceeding ₹ 20 Crores.

Designed and Developed by LIC HFL