Don't miss

Sunday, August 11, 2013

Public Deposit Scheme - Sanchay: LIC Housing Finance Offers 9.5 %..!


By on 12:30:00 PM


LIC Housing Finance Ltd (LIC HFL) has launched a public deposit scheme “Sanchay” whereby it will offer the highest interest rate of 9.50% on 5 year deposits.
Term period

The term period for deposits ranges from 1 to 5 years with minimum amount of deposit being Rs.10,000 and thereafter in multiples of Rs. 1,000.

The rate of interest (for deposits up to Rs. 5 crore) ranges from 8.75% to 9.50% for general public for period ranging from 1 year to 5 years.

For senior citizens, the company offers additional 0.10% for deposits up to Rs. 50,000 and 0.25% for deposits of Rs. 51,000 and above.
Interest


In the cumulative scheme, the interest accumulated with half-yearly rest will be paid on maturity and in the non-cumulative scheme the interest will be paid on a half yearly basis i.e. March 31 and September 30.

The housing finance company - LIC HFL - said it will accept deposits from individuals, Hindu undivided families, companies, non-resident Indians, cooperative societies & association of persons.


LICHFL’s public deposit scheme has a ‘FAAA Stable’ rating from Crisil, the company said in a statement. As of June-end 2013, the company had a deposit portfolio of Rs. 839 crore.

About Myreality.in

www.myreality.in Your Investment Friend provides information on Persosal Finance manily real estate - plot of land, flats, appartment, home loan, interest rates, income tax, laws and rules, green buildings, real estate share analysis, builders, promoters, vastu rules, meaning of real estate terms, affordable housing, construction materials, insurance, real estate - events and surveys, also share market, mutual fund, insurance and world important days.

0 comments :