LIC HOUSING FINANCE LTD

LIC Housing Finance Ltd. is one of the largest Housing Finance Company in India. Incorporated on 19th June 1989 under the Companies Act, 1956, the company was promoted by LIC of India and went public in the year 1994. The Company launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.850 Millions (Rs.85 Crores). The Company is recognized by National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.

WHAT IS RATING?

'FAAA' rating affirmed by CRISIL

WHAT IS THE RATE OF INTEREST?

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 31st March

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.

FOR DEPOSIT MORE THAN RS. 1 CRORE:

In case any investor intends to make a public deposit for more than Rs. 1 crore , he has to get the rate of interest and brokerage rate, if applicable, confirmed from the Company in writing before depositing the cheque.Splitting of deposit/s is/are not allowed.

In case any investor makes multiple deposits having denomination of less than or equal to one crore, but aggregate deposit amount(all the deposits placed together by the same investor) in 60 days, irrespective of the location of the deposit, exceeds rupees one crore amount, then it is considered as bulk deposit of more than one crore and the Company will apply the rate of interest on deposit and brokerage rate as they are applicable to bulk deposit on the day on which the aggregate amount of deposits exceeds one crore. If there is a gap of 60 days between two deposits having denomination of less than one crore, then such deposits will be treated as independent deposits and they will not be considered together.

HOW TO INVEST?

1. Applications for Deposits in the prescribed Form duly signed by all the joint applicants and accompanied by cheques or demand drafts should be sent to Wealth India Financial Services Pvt Ltd.
2. Payments should be made by means of an Account Payee cheque / demand draft made payable to 'LIC HOUSING FINANCE LIMITED-PUBLIC DEPOSIT A/C payable at par at the centers where the application is submitted..
3. Deposits will be accepted from Resident individuals, HUFs, Domestic Company, Charitable institutions and Minors (through their guardians only).
4. Signature by thumb impression must be attested by a Magistrate or a Notary Public or a Special Executive Officer under his Official Seal.

HOW IS FIXED DEPOSIT RECEIPT MAILED?

1. Fixed Deposit Receipts shall be mailed by courier or Registered/Speed Post within 6 weeks of the date of realization of the Cheque, at the address of the first applicant given in the Application Form. The Company shall not be responsible for any loss or delay in transit.
2. In case of loss or destruction or mutilation of the Deposit Receipt, the Company may at its sole discretion issue a duplicate receipt subject to compliance with its terms and conditions including an indemnity duly signed by all the joint depositors. All expenses in this connection will be borne by the depositor(s).
3. Fixed Deposit Receipts will not be transferable. The Company may however, at its discretion permit the addition of one name to the Deposit Receipt under certain circumstances and subject to such terms and conditions as it may deem fit. The Company will not accept or recognize any lien on or assignment of the Fixed Deposit Receipt for a loan taken from or by arrangement with the Company.

HOW IS THE PAYMENT OF INTEREST MADE?

Under Non-Cumulative Scheme: Interest payment will be half yearly on 30th September and
31st March
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.
This facility is provided to depositor's in select centres whereby the interest will be credited directly to the depositors' bank account. The depositor would receive a credit entry "ECS LICHFL" in his passbook/bank statement. Intimation of interest credited would be sent to the depositor. Your bank will not levy any charge for this facility as per present RBI guidelines.
Presently this facility is being offered by us at the following centers -
ECS Centres: Ahmedabad, Bangalore, Bhubaneshwar, Kolkata, Chandigarh, Chennai, Hyderabad, Jaipur, Kanpur, Mumbai, Nagpur, Nasik, New Delhi, Pune and Vadodara.

WHAT IS THE RENEWAL/REPAYMENT OF DEPOSITS PROCEDURE?

In case of public deposit, a fresh application form duly filed should accompany the discharged deposit receipt. In case of repayment, the duly discharged deposit receipt should be surrendered at lease 15 days before the date of maturity. The Nopart repayment or renewal will be permitted.
Interest rate subject to change and the rate application will be the prevalent rate on the date of credit of cheque/DD to the company's bank account.

WHAT IS THE PREMATURE WITHDRAWAL PROCEDURE?

No premature withdrawal will be allowed before the completion of three months from the date of receipts as the National Housing Bank (NHB) guidelines .Incase of request for premature withdrawal after the expiry of three months, the rate given in the table below shall apply.
In the event of the deposit holder already having /received interest at the higher rate, the difference in the total interest paid and revised interest payable would be adjusted against the interest/principal amount.
The brokerage payable to the authorized agents is for the period completed and excess brokerage paid as a result of pre-payment of the deposit will be recovered.
Outstanding post-dated interest warrants in the custody of the depositor, if any, should be surrendered to LIC Housing Finance Limited.

Head Office
Link Intime India Private Limited,
C-13, Pannalal Silk Mills Compound,
L.B.S.Marg, Bhandup (W), Mumbai-400078.
Telephone Nos. 25963838 & 25963857,
Fax:25962691 & 25946969.