• Deposits
  • Interest Rate
Interest Rates

Public Deposit Scheme

Interest rates effective from 26/08/2019 on deposits below ₹ 20 CRORES

TERM INTEREST RATE P.A. INTEREST RATE P.A. ₹ 10,000/- WILL BECOME
  Monthly Option for Non-Cumulative Deposits Yearly Option for Cumulative & Non-Cumulative Deposits. Cumulative Scheme
1 YEAR 7.50% 7.85% ₹ 10,785/-
18 MONTHS 7.50% 7.85% ₹ 11,208/-
2 YEARS 7.55% 7.90% ₹ 11,642/-
3 YEARS 7.60% 7.95% ₹ 12,580/-
5 YEARS 7.60% 7.95% ₹ 14,659/-
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 26/08/2019 on deposits ₹ 20 CRORES & above

TERM INTEREST RATE P.A. INTEREST RATE P.A. ₹ 20 CRORES WILL BECOME
  Monthly Option for Non Cumulative Deposits. Yearly Option for Cumulative & Non Cumulative Deposits Cumulative Scheme
1 YEAR 7.55% 7.90% ₹ 21,58,00,000/-
18 MONTHS 7.55% 7.90% ₹ 22,43,24,100/-
2 YEARS 7.60% 7.95% ₹ 23,30,64,050/-
3 YEARS 7.65% 7.95% ₹ 25,15,92,642/-
5 YEARS 7.65% 7.95% ₹ 29,31,86,000/-

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 26.08.2019 on deposits below ₹ 20 CRORES*

Cumulative / Non - Cumulative scheme

TERM INTEREST RATE P.A. ₹ 10,000/- WILL BECOME
(cumulative scheme)
1 YEAR 7.85% ₹ 10,785/-
18 MONTHS 7.85% ₹ 11,208/-
2 YEARS 7.90% ₹ 11,642/-
3 YEARS 7.95% ₹ 12,580/-
5 YEARS 7.95% ₹ 14,659/-

*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