The LIC HFL Sanchay FD Calculator calculates maturity values and interest breakdowns for the Sanchay Public Deposit Scheme, including special rates for senior citizens.
Last Updated: May 11, 2026
Calculate returns with year-by-year breakdowns. Rates: 6.70%-6.90% p.a. + 0.25% extra for senior citizens. Updated for 2026.
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About LIC HFL Sanchay Public Deposit Scheme
The LIC HFL Sanchay Public Deposit Scheme is a premier fixed deposit product from LIC Housing Finance Limited, one of India's largest housing finance firms founded in 1989. With a CRISIL AAA/Stable rating, it signifies the highest degree of safety regarding timely repayment of principal and interest. This makes it an ideal choice for risk-averse investors, senior citizens, and families seeking guaranteed returns with top security.
Eligibility
The scheme is open to a wide range of depositors, including: Resident Individuals, NRIs (up to 3 years from NRO accounts), Minors (with a guardian), Hindu Undivided Families (HUF), Partnership Firms, Companies, Trusts, and Co-operative Societies.
Interest Rate Structure & Payment
Interest Rates (Effective September 25, 2026)
| Tenure | Cumulative (% p.a.) | Non-Cumulative Yearly (% p.a.) | Non-Cumulative Monthly (% p.a.) |
|---|---|---|---|
| 1 Year | 6.70% | 6.70% | 6.50% |
| 18 Months | 6.75% | 6.75% | 6.55% |
| 2 Years | 6.80% | 6.80% | 6.60% |
| 3 Years | 6.85% | 6.85% | 6.65% |
| 5 Years (Tax Saver) | 6.90% | 6.90% | 6.70% |
Note: Senior citizens (60+ years) receive an additional 0.25% p.a. on all rates for deposits up to тВ╣20 Crore.
Payment Mechanisms
- Cumulative: Interest is compounded annually and paid with the principal at maturity. Minimum deposit: тВ╣20,000.
- Non-Cumulative Yearly: Interest is paid annually on March 31st. Minimum deposit: тВ╣20,000.
- Non-Cumulative Monthly: Interest is paid on the 1st of every month via NACH only. Minimum deposit: тВ╣2,00,000.
Operational Features & Key Rules
Loan Against Fixed Deposit
- Get a loan of up to 75% of the deposit value.
- Available only after 3 months from the deposit date.
- Interest rate is 2% p.a. above your deposit interest rate.
- Facility not available for Minors or NRIs.
Premature Withdrawal Rules
Premature withdrawal is at the sole discretion of LIC HFL. The following rules apply:
- Within 3 months: No withdrawal allowed.
- After 3 months but up to 6 months: Interest paid is only 3% p.a. for individual depositors. No interest is paid for other categories (firms, trusts, etc.).
- After 6 months: Interest is paid at a rate 1% lower than the rate applicable for the period the FD was held.
Renewal & Repayment
- Auto-Renewal: Facility is available once. The deposit renews for the same period at the rates prevailing on maturity.
- Auto-Repayment: By default, maturity proceeds are credited to your registered bank account via electronic transfer.
Taxation & Compliance
Interest earned is fully taxable. An investment for a 5-year tenure qualifies for tax deduction up to тВ╣1,50,000 under Section 80C.
TDS (Tax Deducted at Source) Rules
TDS is deducted if annual interest income exceeds тВ╣40,000 (or тВ╣50,000 for senior citizens). To avoid TDS, submit Form 15G/15H.
тЪая╕П Critical: PAN Card is Mandatory
Failure to provide PAN results in a TDS rate of 20% instead of 10%, potential denial of TDS credit, and voids Form 15G/H.
Frequently Asked Questions (FAQs)
| Question | Answer |
|---|---|
| What are the scheme types available? | You can choose between Cumulative (interest compounded and paid at maturity) and Non-Cumulative (interest paid monthly or yearly). |
| Is there a maximum investment limit? | No, but minimums apply: тВ╣20,000 for yearly/cumulative and тВ╣2,00,000 for monthly payout options. |
| What benefit do senior citizens get? | Senior citizens (60+) get an extra 0.25% p.a. interest on deposits up to тВ╣20 crore. |
| Can I get a loan against the FD? | Yes, up to 75% of the deposit amount after 3 months. Not for minors or NRIs. |
| How do joint accounts work? | Up to three members can hold a joint account, but all payments are made to the first-named depositor. |
| What if I withdraw after 4 months? | For withdrawals between 3-6 months, individuals get only 3% p.a. interest. Other depositors get no interest. |
| What if I don't provide my PAN? | TDS is deducted at a higher rate of 20% instead of 10%, and other complications arise. |
| Is there a tax-saver option? | Yes, the 5-year tenure option qualifies for tax savings under Section 80C. |
Disclaimer: This calculator provides estimates for informational purposes only. Actual returns may vary. Please verify current rates and terms directly with LIC HFL before investing.