LIC FD calculator helps you figure out exactly how much money you’ll earn from a fixed deposit with LIC Housing Finance. It’s a simple tool for anyone wanting safe returns on their savings.

What is LIC FD?

LIC FD refers to fixed deposits offered by LIC Housing Finance Limited, a trusted arm of the Life Insurance Corporation of India. These deposits let you park your money for a set time and earn steady interest.

People choose LIC FD for its safety. It carries top ratings like CRISIL AAA Stable, meaning low risk of losing your principal.

The scheme, often called the Sanchay Public Deposit Scheme, started years ago as part of LIC Housing’s offerings since 1989. No specific new launch date has stood out recently; rates update periodically, like in June 2025.

Why Use an LIC FD Calculator?

An LIC FD calculator shows your maturity amount and interest earned upfront. No guesswork involved.

You enter details like deposit amount, tenure, and interest rate. It crunches the numbers using formulas for simple or compound interest.

This tool saves time. It helps compare options, like monthly payouts versus a lump sum at end.

How Does the LIC FD Calculator Work?

The calculator uses basic math. For compound interest, the formula is A = P(1 + r/n)^(nt), where P is principal, r is rate, n is compounding frequency, and t is years.

Simple interest is just P + (P x r x t)/100.

Online versions from sites like LIC Housing or third-party tools make it easy. Pick cumulative for growth or non-cumulative for regular income.

Current LIC FD Interest Rates

Rates as of early 2026 hover around 6.7% to 6.9% for the general public, higher for seniors. They change with market conditions.

Here’s a table of typical rates for public deposits (non-cumulative yearly). Seniors get 0.2-0.25% extra.

Tenure	General Rate (%)	Senior Rate (%)
1 Year	6.70	6.95
15-18 Months	6.75	7.00
2 Years	6.80-6.85	7.05-7.10
3 Years	6.85-6.90	7.10-7.15
5 Years	6.90	7.15

Check official site for latest, as they revise quarterly.

Step-by-Step Guide to Using LIC FD Calculator

Start with your investment amount, say Rs 1 lakh.

Choose tenure, like 3 years.

Select rate, e.g., 6.85%, and payout type.

Hit calculate. You’ll see interest around Rs 21,000 and maturity Rs 1,21,000 cumulatively.

Adjust for senior status or monthly payout. It drops effective yield but gives cash flow.

Minimum and Maximum Deposits

Minimum is Rs 20,000 for annual options and Rs 2 lakh for monthly payouts. Multiples of Rs 1,000 after that.

No upper limit really, up to Rs 20 crore at standard rates.

Fits small savers and big investors alike.

Tenure Options Available

Tenures run from 1 year to 5 years. Shorter for liquidity, longer for better compounding.

No fractions usually; fixed buckets like 15 or 18 months.

Pick based on goals. Short for emergencies, long for retirement.

Payout Options Explained

Cumulative: Interest compounds till maturity. Best for growth.

Non-cumulative: Monthly, quarterly, or yearly payouts. Good for income needs, like pensioners.

Monthly suits regular expenses. Yearly compounds more.

Who Can Invest in LIC FD?

Residents, NRIs via NRO, HUFs, companies, societies, and trusts. Minors via guardians.

Joint up to three names. Nomination allowed.

How to Open an LIC FD Account

Visit LIC Housing branch or use online portal.

Fill form, submit KYC: PAN, Aadhaar, address proof, bank details.

Deposit via cheque, NEFT. Get receipt with maturity date.

Online: Go to lichousing.com, select deposits, upload docs.

Premature Withdrawal Rules

Allowed after 3 months lock-in.

Before 6 months: 3% or nil.

After 6 months: 1-2% below card rate.

Loan up to 75% possible against FD.

Tax on LIC FD Interest

Interest is taxable at slab rates. TDS if over Rs 40,000/year (Rs 50,000 seniors).

Form 15G/H to avoid TDS if income low.

5-year FDs may qualify under 80C, but check rules. Interest not deductible.

Benefits of LIC FD Over Bank FDs

Higher safety rating sometimes. Backed by LIC group.

Competitive rates, flexible payouts.

AAA rating beats many small banks.

Example Calculations with the Tool

Rs 5 lakh at 6.9% for 3 years cumulative: maturity ~Rs 5,72,500, interest Rs 72,500.

Monthly payout on Rs 10 lakh at 6.5%: ~Rs 5,400/month pre-tax.

Use a calculator for your numbers.

Safety and Ratings

CRISIL AAA/Stable – highest safety.

Government-backed via LIC. Low default risk.

Renewal and Auto-Renewal

Auto-renewal available. Same terms unless changed.

Renew before maturity for seamless.

Comparison with Other FDs

LIC HFL rates match big NBFCs, beat post office. Shorter tenures competitive with banks.

Common Mistakes to Avoid

Forgetting TDS impact.

Ignoring penalties on early exit.

Not comparing latest rates.

Impact of Inflation on Returns

At 6%, real return ~3% if inflation 3%. Plan accordingly.

Using Calculator for Retirement Planning

Input the goal amount backward. See needed deposit.

Great for lump sum needs.

Mobile Apps and Online Tools

Many sites offer free calculators. Official LIC HFL site best for accuracy.

Recent Updates in 2026

Rates stable post-2025 hikes. Watch RBI policy.

Tips for Maximum Returns

Go cumulative, longer tenure, senior if eligible.

Ladder FDs for liquidity.

Documents Needed

PAN, Aadhaar, photo, bank proof. Simple KYC.

Customer Experiences

Many praise reliability, steady payouts. Some note branch visits needed.

Future Outlook

Rates may rise with economy. Good for conservative investors.

FAQs

Conclusion

LIC FD calculator makes planning easy and transparent. With solid rates and safety, it’s a smart choice for steady growth. Start calculating your future today.