Special LIC FD Scheme: Good news for investors. LIC has launched two new investment schemes where you can earn up to ₹14,500 interest by investing ₹2 lakh. If you want to keep your hard-earned money in a safe and profitable place, this can be a good option. This new fixed deposit scheme from LIC is now offering one of the best returns.
Recently, the Life Insurance Corporation introduced two fixed deposit schemes — the Sanchay Public Deposit Scheme and the Green Deposit Scheme. Investors can choose the scheme and the tenure based on their needs and get a good return. The best part is that both ordinary citizens and companies can invest in these schemes.
In these schemes, investors can start with a minimum of ₹20,000 and go up to ₹3 crore. There are six maturity slabs, and each slab has a different interest rate. A key feature is that senior citizens get an extra 0.25% interest. Investors can also take a loan of up to 75% of their deposit amount.
What is the interest rate?
If a person invests for 15 months, he will get 6.75% interest. The same 6.75% interest is given for 18 months. For a 2-year deposit, the interest rate is 6.80%. For 3 years, it is 6.85%. For 5 years, the interest rate becomes 6.90%. Senior citizens get 7.5% interest for all slabs.
For example, if someone invests ₹20,000 for 5 years, he will get ₹27,920 at maturity. Out of this, ₹7,920 will be the interest earned.
Now let’s look at the case of senior citizens. If a senior citizen invests ₹2 lakh in this scheme, he will earn ₹14,500 as interest every year. And if he invests ₹5 lakh, he has nothing to worry about. Because he will earn ₹37,500 per year as interest.
So, if you are planning to invest and want to secure your future, you can invest in this LIC fixed deposit scheme and enjoy safe returns.