Funding
oi-Shubham Kumar
LIC Housing Finance Ltd. (LIC HFL), one of many largest housing finance firms (HFC), revises its rates of interest on each cumulative & non-cumulative home fastened deposits (FDs). The revised rates of interest are efficient from twelfth April 2023.
LIC HFL FDs are rated AAA/STABLE by CRISIL, which makes it a secure and safe deposit scheme. You could take a mortgage towards a set deposit of as much as 75% of the deposit quantity with the LIC HFL.
LIC HFL is now providing rates of interest from 7.25% to 7.75% on home deposits below the Cumulative choice for deposit tenors of 1 Yr, 18 Months, 2 years, 3 years, and 5 years.
Whereas, below the non-Cumulative choice, LIC HFL provides rates of interest between 7% to 7.50% (month-to-month choice) and seven.25% to 7.75% (yearly choice) for deposits as much as Rs 20 Crore. LIC HFL provides rates of interest between 7% to 7.50% (Month-to-month choice) and seven.25% to 7.75% (yearly choice) for deposits above Rs 20 crore.
Cumulative Deposit Scheme
Curiosity Charges On Deposits as much as Rs 20 Crore
| Tenure | Curiosity Charges (p.a.) |
|---|---|
| 1 Yr | 7.25% |
| 18 Months | 7.35% |
| 2 Years | 7.60% |
| 3 Years | 7.75% |
| 5 years | 7.75% |
Curiosity Charges On Deposits above Rs 20 Crore
| Tenure | Curiosity Charges (p.a.) |
|---|---|
| 1 Yr | 7.25% |
| 18 Months | 7.25% |
| 2 Years | 7.50% |
| 3 Years | 7.75% |
| 5 years | 7.75% |
Non-Cumulative Deposit Scheme
Curiosity Charges on Deposits as much as Rs 20 Crore
| Tenure | Month-to-month Possibility Curiosity Charges (p.a) | Yearly Possibility Curiosity Charges (p.a) |
|---|---|---|
| 1 Yr | 7.00% | 7.25% |
| 18 Months | 7.10% | 7.35% |
| 2 Years | 7.35% | 7.60% |
| 3 Years | 7.50% | 7.75% |
| 5 years | 7.50% | 7.75% |
Curiosity Charges on Deposits above Rs 20 Crore
| Tenure | Month-to-month Possibility Curiosity Charges (p.a) | Yearly Possibility Curiosity Charges (p.a) |
|---|---|---|
| 1 Yr | 7.00% | 7.25% |
| 18 Months | 7.00% | 7.25% |
| 2 Years | 7.25% | 7.50% |
| 3 Years | 7.50% | 7.75% |
| 5 years | 7.50% | 7.75% |
Supply – lichousing.com
Following the deduction of any relevant taxes, curiosity is compounded yearly and paid along with the principal quantity due at maturity. Senior residents will get a further 0.25% rate of interest for deposits of Rs. 20,000 however not more than Rs. 2 crore throughout the tenures from the corporate.
Story first printed: Thursday, April 13, 2023, 21:57 [IST]
