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Interest Rates

Public Deposit Scheme

Interest rates effective from 15/07/2020 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 ₹ 20,000/- will Become
1 YEAR 5.90% 6.00% ₹ 21,200/-
18 MONTHS 5.90% 6.00% ₹ 21,836/-
2 YEARS 5.90% 6.00% ₹ 22,472/-
3 YEARS 6.00% 6.10% ₹ 23,888/-
5 YEARS 6.00% 6.10% ₹ 26,891/-
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 15/07/2020 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 5.50% 5.60% ₹ 21,12,01,056/-
18 MONTHS 5.50% 5.60% ₹ 21,71,14,686/-
2 YEARS 5.50% 5.60% ₹ 22,30,28,315/-
3 YEARS 5.60% 5.70% ₹ 23,61,87,620/-
5 YEARS 5.60% 5.70% ₹ 26,38,80,382/-

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 15.07.2020 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 6.00% ₹ 21,200/-
18 MONTHS 6.00% ₹ 21,836/-
2 YEARS 6.00% ₹ 22,472/-
3 YEARS 6.10% ₹ 23,888/-
5 YEARS 6.10% ₹ 26,891/-

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


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