WHAT IS THE RATE OF INTEREST?

This is applicable for CUMULATIVE SCHEMEs and NON-CUMULATIVE SCHEMEs

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.

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, 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.