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Interest Rates

Public Deposit Scheme

Interest rates effective from 26/10/2019 on deposits below ₹ 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. ₹ 10,000/- will Become
1 YEAR 7.25% 7.50% ₹ 10,750/-
18 MONTHS 7.25% 7.50% ₹ 11,153/-
2 YEARS 7.25% 7.55% ₹ 11,567/-
3 YEARS 7.35% 7.60% ₹ 12,458/-
5 YEARS 7.35% 7.60% ₹ 14,423/-
Other Details : Monthly Option Yearly Option
Minimum Amount of Deposit ₹ 2,00,000/- ₹ 10,000/-
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 26/10/2019 on deposits ₹ 20 CRORES & above

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 Crores will become
1 YEAR 7.30% 7.55% ₹ 21,51,00,000/-
18 MONTHS 7.30% 7.55% ₹ 22,32,20,025/-
2 YEARS 7.30% 7.60% ₹ 23,15,55,200/-
3 YEARS 7.40% 7.65% ₹ 24,95,00,889/-
5 YEARS 7.40% 7.65% ₹ 28,91,34,667/-

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 26.10.2019 on deposits below ₹ 20 CRORES*

Cumulative / Non - Cumulative scheme

TERM INTEREST RATE P.A. ₹ 10,000/- WILL BECOME
(cumulative scheme)
1 YEAR 7.50% ₹ 10,750/-
18 MONTHS 7.50% ₹ 11,153/-
2 YEARS 7.55% ₹ 11,567/-
3 YEARS 7.60% ₹ 12,458/-
5 YEARS 7.60% ₹ 14,423/-

*FOR RATE OF INTEREST ON DEPOSITS OF Rs. 20 CRORES & ABOVE : PLEASE CONTACT 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 Public Deposits received from Single Deposit holder/s within a period of one calendar month becomes Rs. 20 Crs. or above,the interest rate applicable for New Deposit will be the rate applicable for Deposits of Rs. 20 Crs. & above.

Designed and Developed by LICHFL