What is LIC Housing Finance FD Rates for Senior citizens? as you all know LIC Housing Finance Ltd (LIC HFL) is one of India’s most trusted financial institutions. It was started in the year 1989 and has been offering home loans, fixed deposits, and other financial services ever since. In 2025, LIC HFL updated its fixed deposit interest rates. These changes are especially Beneficial for senior citizens.
Senior citizens (people above 60 years old) can now get higher interest rates than others. These fixed deposits are safe, offer steady returns, and are perfect for retirement savings.
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Senior Citizens LIC FD Scheme 2025 Interest Rate
The interest rates for LIC senior citizen fixed deposits are higher than regular ones. According to LIC, these rates are offered under the Sanchay Deposit Scheme, and they are effective from 12th April 2025.
Let’s look at the latest interest rates:
| Tenure | Monthly Interest (Non-Cumulative) | Quarterly Interest | Yearly Interest (Cumulative/Non-Cumulative) |
|---|---|---|---|
| 1 Year | 6.50% | 6.55% | 6.70% |
| 15 Months | 6.55% | 6.60% | 6.75% |
| 18 Months | 6.60% | 6.75% | 6.65% |
| 2 Years | 6.65% | 6.80% | 6.80% |
| 3 Years | 6.70% | 6.85% | 6.80% |
| 5 Years | 6.75% | 6.90% | 6.80% |
Key Features of Senior Citizens LIC FD Scheme
- Extra 0.25% Interest: Senior citizens get an extra 0.25% per year on all tenure options.
- Minimum Deposit: ₹20,000 and then in multiples of ₹1,000.
- Maximum Deposit: Up to ₹20 Crores in one deposit cycle (1st to 15th or 16th to month-end).
- Flexible Tenure: Choose from 1 year to 5 years.
- Cumulative and Non-Cumulative Options: Choose how you want to receive interest – monthly, quarterly, or yearly.
Types of Senior Citizens LIC FD Scheme 2025
Cumulative Deposit Scheme
In this option, interest is compounded yearly and paid at maturity with the principal.
| Tenure | Interest Rate (Senior Citizens) |
|---|---|
| 1 Year | 6.70% |
| 2 Years | 6.80% |
| 3 Years | 6.80% |
| 5 Years | 6.80% |
Non-Cumulative Deposit Scheme
In this option, interest is paid regularly – either monthly, quarterly, or yearly.
| Tenure | Monthly Rate | Quarterly Rate | Yearly Rate |
|---|---|---|---|
| 1 Year | 6.50% | 6.55% | 6.70% |
| 3 Years | 6.70% | 6.85% | 6.80% |
| 5 Years | 6.75% | 6.90% | 6.80% |
Documents Required to Open Senior Citizens LIC FD Scheme 2025
To open an LIC Housing Finance FD account, the following documents are required:
- Filled Application Form
- PAN Card
- Aadhar Card
- Address Proof
- Identity Proof
- 2 Passport Size Photos
- Form 60/61 (if PAN not available)
Who Can Open LIC Senior Citizen FD?
- Senior Citizens (Age > 60 years)
- Individual or Joint Account Holders
- Hindu Undivided Family (HUF)
- Trusts, Clubs, and Societies
- Partnership Firms
- Proprietorships
- NRIs (Non-Resident Indians)
Conclusion
The Senior Citizens LIC FD Scheme 2025 in 2025 are a great choice for those who want safe, regular, and high returns. With added benefits like extra 0.25% interest, tax savings, insurance, and flexible payout options, this scheme is ideal for senior citizens to manage post-retirement income easily.
LIC Senior Citizen FD Plan 2025: Interest Rate, Who Can Apply