Many investors are currently searching for safe investment options that provide regular monthly income without high risk. Recently, several online posts and viral messages have claimed that LIC is offering a fixed deposit scheme where an investment of ₹1.5 Lakh can generate ₹8,500 every month.
However, before investing, it is important to understand the real facts behind these claims.
What is LIC HFL Fixed Deposit Scheme?
LIC housing Finance Limited (LIC HFL), a subsidiary of LIC, offers fixed deposit (FD) schemes for individuals looking for stable and secure returns. These deposits are regulated and considered relatively safe, but the returns depend on prevailing intrest rates and tenure.
As of recent updates, LIC HFL FD interest rates generally range between 7.25% to 8.75% per annum, depending on tenure and investor category. Senior citizens also receive an additional benifit.
Monthly Income Calculation (Reality Check)
Let’s understand the actual calculation with an example:
- Investment Amount: ₹1,00,000
- Interest Rate: Approx 7.75% per annum
- Annual Interest: ₹7,750
- Monthly Interest: ₹645 – ₹650 (approx.)
This clearly shows that earning ₹6,500 or ₹8,500 per month from an investment of ₹1 lakh or ₹1.5 lakh is not practically possible under any current LIC or bank FD scheme.
To earn such a high monthly return, the annual interest rate would need to be closed to 78% which is unrealistic and not offered by any regulated financial in India.
Key Features of LIC HFL Fixed Deposit
- Minimum investment starts from ₹1,00,000
- Maximum investment limit up to ₹15 lakh (scheme-based)
- Investment payout options: Monthly, Quarterly, cumulative
- Extra interest benefits for senior citizens
- High credit rating (AAA / Stable)
- Loan facility available against FD
- Tax applicable on interest income (TDS as per rules)
Is LIC FD safe?
LIC HFL Fixed Deposits have a AAA credit rating, indicating a High level of safety. While FDs are not entirely risk-free, LIC-backed institutions are not considered among the most trusted India.
Final Verdict
Claims of extremely high monthly income for LIC FD Schemes are misleading. Investors should always verify interest rates, maturity benefits, and payout structure before investing. LIC HFL FD is suitable for those seeking steady and secure returns, not unrealistic profits.
Always read official schemes documents and consult a financial advisor before investing.
For More Details 👇
https://www.lichousing.com/fixed-deposit
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