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.
