• Deposits
  • Interest Rate
Interest Rates

Public Deposit Scheme

Interest rates effective from 07/05/2020 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 ₹ 10,000/- will Become
1 YEAR 6.60% 7.00% ₹ 10,700/-
18 MONTHS 6.60% 7.00% ₹ 11,075/-
2 YEARS 6.60% 7.00% ₹ 11,449/-
3 YEARS 6.80% 7.10% ₹ 12,285/-
5 YEARS 6.90% 7.10% ₹ 14,091/-
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 07/05/2020 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 6.40% 6.70% 21,34,01,067.00 /-
18 MONTHS 6.40% 6.70% 22,05,50,003.00 /-
2 YEARS 6.40% 6.70% 22,76,98,938.00 /-
3 YEARS 6.45% 6.75% 24,32,96,476.00 /-
5 YEARS 6.45% 6.75% 27,72,50,020.00 /-

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 07.05.2020 on Corporate Deposits upto ₹ 20 CRORES*

TERM INTEREST RATE P.A. FOR YEARLY OPTION ON MATURITY UNDER CUMULATIVE SCHEME
  Cumulative & Non Cumulative Deposits ₹ 10000/-will become
1 YEAR 7.00% ₹ 10,700/-
18 MONTHS 7.00% ₹ 11,075/-
2 YEARS 7.00% ₹ 11,449/-
3 YEARS 7.10% ₹ 12,285/-
5 YEARS 7.10% ₹ 14,091/-

*FOR CORPORATE DEPOSITS ABOVE RS 20 CRORES: PLEASE CONTACT OUR CORPORATE OFFICE FOR APPLICABLE RATES.


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

Designed and Developed by LIC HFL