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LIC Fixed Deposit (FD) Calculator

RBI / DICGC Insured up to ₹5 Lakh

LIC Housing Finance accepts public fixed deposits under its Sanchay scheme. As an NBFC deposit it typically carries a higher headline rate than a comparable bank FD, in exchange for the absence of DICGC deposit insurance.

Principal

₹1,00,000

Interest Earned

₹41,478

Maturity Amount

₹1,41,478

Adjust Parameters

Quarterly Compounding
💡

Bank Rate Notice: Interest rates vary by bank, branch, and tenure. Enter the specific rate offered by your bank to calculate your exact returns.

₹
₹5,000₹1,00,00,000
%
1%15%
Time Period
1 Yr10 Yrs

Maturity Date: 03 Sept 2031

Interest Breakdown

Maturity

₹1,41,478

Principal
Interest

Cumulative Growth Over Time

Timeline SnapshotYear 1
Principal Amount₹1,00,000
Interest Earned+₹7,186
Total Value₹1,07,186

💡 Hover or tap any bar to explore other years

YEARS
Principal Amount
Interest Earned

Year-by-Year Interest Accrual

PeriodPrincipalInterest EarnedMaturity Value
1 Year₹1,00,000₹7,186₹1,07,186
2 Years₹1,00,000₹14,888₹1,14,888
3 Years₹1,00,000₹23,144₹1,23,144
4 Years₹1,00,000₹31,993₹1,31,993
5 Years₹1,00,000₹41,478₹1,41,478

LIC Housing Finance Fixed Deposits Explained

LIC Housing Finance accepts public fixed deposits as a housing finance company regulated by the RBI, not as a bank — so DICGC deposit insurance does not apply here. Promoted by Life Insurance Corporation of India and incorporated in 1989, it is among India's largest housing finance companies, and its public deposit programme funds home lending. Deposit tenures run longer than a typical bank offering, which is what draws savers looking to lock a rate for the long term.

LIC Housing Finance FD Schemes You Can Open

The public deposit programme separates by interest treatment and tenure:

  • •Cumulative deposit — Interest accumulates and is paid with the principal at maturity — the structure the calculator above models.
  • •Non-cumulative deposit — Interest is paid out at monthly, quarterly, half-yearly or annual intervals rather than accumulating.
  • •Senior citizen variant — An additional rate increment has typically applied to depositors aged 60 and above over the base schedule.
  • •Long-tenure deposits — Terms extending to five years and beyond, which is the reason savers search specifically for an LIC fixed deposit for 10 years.

LIC Housing Finance FD Tenure Slabs and Deposit Rules

Tenure decides how the interest is worked out, not just how long the money is tied up. Below roughly six months there is no completed quarter, so interest is simple; past that it compounds quarterly.

How LIC Housing Finance computes interest by tenure band. Rates are deliberately not shown — they change at every revision, and a stale figure is worse than none. Take the current one from the bank's rate card.
Tenure bandInterest basisWhat to know
1 – 2 yearsCompounded per scheme termsThe entry band for the public deposit programme; HFC deposits do not offer the very short tenures a bank accepts.
2 – 3 yearsCompounded per scheme termsInterest may be accumulated or drawn periodically depending on the variant chosen.
3 – 5 yearsCompounded per scheme termsThe band most commonly used for locking a rate over a medium horizon.
5 years and beyondCompounded per scheme termsThe long end is the distinguishing feature against a bank deposit, and the reason for the ten-year searches.
Premature withdrawalRestrictedSubject to the RBI rules governing HFC public deposits, including a minimum lock before any withdrawal is permitted.

How to Check LIC Housing Finance FD Interest Rates

LIC Housing Finance FD rates are quoted per tenure slab and revised as policy and funding needs shift, so a one-year and a three-year deposit opened on the same morning can price differently.

LIC Housing Finance publishes its public deposit rate card on lichousing.com along with the credit rating assigned to the deposit programme. Check that rating first: with no DICGC cover, the rating is the assessment standing in place of deposit insurance.

Take the current LIC Housing Finance fixed deposit rates for your exact tenure from the official card, then enter that number above.

What Is Specific to an LIC Housing Finance FD

  • •This is a housing finance company deposit, not a bank deposit — no DICGC insurance and no ₹5 lakh protection applies.
  • •Promoted by Life Insurance Corporation of India and incorporated in 1989; the LIC association is with the promoter, not a government guarantee on the deposit.
  • •Tenures extend further than most bank deposits, which is the specific reason savers search for a ten-year LIC fixed deposit.
  • •Rates typically sit above comparable bank deposits as compensation for the absence of deposit insurance.
  • •Premature withdrawal is restricted under the RBI rules governing HFC public deposits.

Take the current rate for your chosen tenure from the published deposit card and enter it above to see the exact maturity value and the year-by-year accrual.

Compare lenders on the master FD calculator, or a monthly commitment on the RD calculator.

Founded

1989

Headquarters

Mumbai

Bank Type

NBFC / Housing Finance

Tenure Range

1 to 10 Years

Features and Key Rules

  • •Deposits are accepted for terms of 1 to 10 years, with cumulative and non-cumulative options.
  • •Senior citizens receive a rate premium over the standard schedule.
  • •NBFC deposits are not covered by DICGC insurance; safety rests on the issuer credit rating.
  • •Interest is generally compounded annually on cumulative deposits, unlike the quarterly compounding used by most banks.
  • •TDS applies once interest crosses the annual threshold for NBFC deposits.

Frequently Asked Questions

Common questions about the LIC Fixed Deposit (FD) Calculator.

A 10-year LIC Housing Finance deposit locks a rate for a full decade, which works in your favour if rates fall and against you if they rise. Because it is an NBFC deposit it is not covered by DICGC insurance, so the trade-off for the higher headline rate is issuer credit risk. Check the current credit rating before committing to the longest tenure.

Usually not. Most LIC Housing Finance cumulative deposits compound annually, whereas banks compound quarterly under RBI convention. At the same headline rate, annual compounding produces a slightly lower maturity value, so set the compounding assumption correctly when comparing the two.

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