PUBLIC DEPOSIT SCHEME
LIC HOUSING FINANCE LIMITED is one of India's largest Housing Finance Companies providing financial assistance in the construction and purchase of house/flat since 1989; having nation-wide network across 6 Regional Offices, 13 Back Offices and 158 Marketing Units.
LIC Housing Finance Limited has started the Public Deposit Scheme from 10th May, 2007 onwards.
The Deposits accepted under Cumulative Option and Non-Cumulative Option. The terms of the deposits are 1 year, 18 months, 2 years, 3 years & 5 years in both the schemes. The payment of interest under cumulative Option will be compounded with half yearly rest. Under Non-Cumulative Option, interest will be paid half yearly i.e., 30thSeptember and 31st March.
For Senior Citizens, Additional interest of @ 0.10% p.a. will be more on deposits upto Rs.50,000/- and 0.25% will be more on deposits above Rs.51,000/- payable for all the terms.
The Company accepts deposits through authorized Agents appointed for the same by the Company.
Public Deposits Forms will be accepted at Selected Area Offices of the Company. In case of other places Form along with D.D payable at Mumbai should be sent to the Registered Office. The Form should be submitted after due compliance of KYC norms.
Investors can down load Public Deposit Application Form from this website.
Cheque/Demand Draft for placing deposits should be drawn in favour of 'LIC HOUSING FINANCE LIMITED-PUBLIC DEPOSIT A/C' and marked "Account Payee only" payable at the city in which selected offices of the Company are located.
Outstation depositors can send demand drafts after deducting the demand draft charges.
RATE OF INTEREST:
The Company has revised the rates of interest on Public Deposits with effect from 1st October, 2009 as under :
RATE OF INTEREST APPLICABLE TO RETAIL DEPOSIT UP TO RS. 1 CRORE
CUMULATIVE / NON-CUMULATIVE SCHEME
Minimum Amount of Deposit – Rs.10,000/- and
Additional Deposit in multiples of Rs. 1,000/-
Under Non-Cumulative Scheme: Interest payment will be half yearly on 30th September and
Under Cumulative Scheme : Interest compounded Half Yearly
For Senior Citizens: 1. Additional Interest @ 0.10% p.a will be paid on Deposits up to Rs.50,000/- and
2. 0.25% will be paid on Deposits for Rs.51,000/- and above for all terms.
To Apply Above Scheme:
Oct 17, 2009
LIC HOUSING FINANCE LIMITED PUBLIC DEPOSIT SCHEME
Email: firstname.lastname@example.org | Phone: 0-981-826-9396 | Fill Inquiry Form Click Here
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