LIC Housing Finance FD: News is spreading rapidly on social media and the internet these days that investing ₹1.5 lakh in a "new LIC FD" earns ₹9,750 in interest. This figure is correct, but people are mistaken about one thing. This isn't an LIC insurance policy, but a fixed deposit scheme from LIC Housing Finance Limited (LICHFL). Let's talk about how you can earn higher interest from LIC.
How is LIC's interest actually calculated?
This amount is based on LICHFL's 'Sanchay' public deposit scheme. For example, with an investment amount of ₹150,000, an estimated interest rate of approximately 6.50% per annum, the total interest for one year will be ₹9,750, and the total amount after one year will be ₹159,750. However, this is not the case. ₹9,750 is the interest for one year, not for a month. Some websites claim this as monthly income, which is misleading. Even in 2026, LICHFL remains among the most trusted companies accepting public deposits, with a CRISIL AAA rating.
Benefits of LIC Housing Finance FD
Senior citizens typically receive an additional 0.25% interest. This can increase their annual income to over ₹9,750 on an investment of ₹1.5 lakh.
Flexibility in Withdrawals
If you prefer to have interest credited to your bank account, you can choose the non-cumulative option. This allows you to receive interest monthly or yearly, making it easier to manage your expenses.
Absolutely Safe Investment
Unlike the stock market or mutual funds, there is no market risk. Your deposit remains completely safe, and the interest rate is fixed at the outset.
How to Apply?
You don't always need to visit an LIC office to avail of an LIC Housing Finance FD. You can easily apply through the official website of LICHFL, through registered LIC Housing Finance agents, and on authorized digital wealth management platforms.
Disclaimer: This content has been sourced and edited from NDTV India. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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