LIC Housing Finance revises fixed deposit interest rates ..?

LIC Housing Finance Limited (LIC HFL) has revised its fixed deposit interest rates. The revised interest rates will come into effect from the 24th of this month. On the fourth of this month, RBI Governor Shaktikanta Das announced an increase of 40 basis points in the RBI repo rate. This will benefit the depositors. At the same time there is going to be a slight interest burden on borrowers.

LIC HFL currently offers interest rates of 5.60 per cent to 6.60 per cent on deposits. Fixed deposits for a minimum of one year and a maximum of five years. Indians, NRIs, children with Guardians, Hindu Undivided Families, Partnerships, Co-operative Societies, Association of Persons, Trusts can make fixed deposits.

Interest rates on cumulative public deposit schemes are 5.60 per cent per annum, 5.90 per cent for eighteen months, 6.25 per cent for two years, 6.40 per cent for three years and 6.60 per cent for non-cumulative public deposit schemes. , The annual option interest rate is 5.60%.

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