LIC Fixed Deposit Calculator
Calculate Your LIC Sanchay FD Maturity Amount & Interest Online
📅 About LIC Sanchay FD Scheme
Launch Date: May 2007 | Credit Rating: AAA/Stable by CRISIL | Offered By: LIC Housing Finance Ltd.
📈 Current LIC FD Interest Rates (Effective 19 June 2025)
| Tenure | Regular Citizen | Senior Citizen |
|---|---|---|
| 1 Year | 6.70% | 6.95% |
| 15 Months | 6.75% | 7.00% |
| 18 Months | 6.75% | 7.00% |
| 2 Years | 6.80% | 7.05% |
| 3 Years | 6.85% | 7.10% |
| 4 Years | 6.90% | 7.15% |
| 5 Years | 6.90% | 7.15% |
LIC FD Calculator is an online tool that helps you quickly calculate interest and maturity amount for fixed deposits offered through LIC Housing Finance Ltd. (LIC HFL) Sanchay Deposit Scheme and similar LIC-backed FD products. It saves time, avoids manual mistakes, and helps you compare different FD tenures, amounts, and interest payout options in a very simple way.
What is LIC FD and LIC FD Calculator?
LIC Fixed Deposit, commonly known as the LIC HFL Sanchay Deposit Scheme, is a safe term deposit where you invest a lump sum for a fixed period and earn guaranteed interest. The LIC FD Calculator is a digital tool that shows how much maturity amount you will receive based on the deposit amount, interest rate, tenure, and payout mode.
- LIC FDs are offered by LIC Housing Finance Ltd., a subsidiary of LIC of India, under the brand name Sanchay Public Deposit Scheme.
- Interest rates generally range around 6.70% to 6.90% per annum for normal investors, with an extra 0.25% per annum for senior citizens, depending on tenure and card rates.
For official and latest details, users should always refer to:
- LIC HFL official deposits page
- LIC HFL Sanchay details via partners like PolicyBazaar
Key Features of LIC FD
LIC FD schemes like Sanchay are popular because they combine safety with stable returns. Understanding these features helps users properly use an LIC FD calculator for planning.
- Types of options: Cumulative (interest paid at maturity with annual compounding) and Non-Cumulative (interest paid monthly or yearly).
- Minimum deposit: Usually starts from ₹20,000 for the annual option and higher (for example, ₹2,00,000) for monthly and quarterly non-cumulative options.
- Tenure range: Commonly from 1 year to 5 years with different interest slabs like 1 year, 15 months, 18 months, 2 years, 3 years, and 5 years.
- Senior citizen benefit: Extra 0.25% per annum interest over the normal card rate.
- Loan against FD: A loan of up to around 75% of the deposit amount is usually available, subject to company rules.
- Premature withdrawal: Allowed after minimum lock-in period (for example, 3 months), but with reduced interest or penalty as per policy.
These features are reflected in most LIC FD calculators available on financial portals and the official LIC HFL environment.
Current LIC FD Interest Rates (Effective 19 June 2025)
| Tenure | General Public | Senior Citizens |
|---|---|---|
| 1 Year | 6.70% p.a. | 6.95% p.a. |
| 15-18 Months | 6.75% p.a. | 7.00% p.a. |
| 2 Years | 6.80% p.a. | 7.05% p.a. |
| 3 Years | 6.85% p.a. | 7.10% p.a. |
| 5 Years | 6.90% p.a. | 7.15% p.a. |
How Does a LIC FD Calculator Work?
Every LIC FD calculator uses a simple interest compounding formula in the background but presents the result in an easy format. You just enter a few details, and the tool shows the maturity amount instantly.
Inputs required
Most LIC FD calculators ask for:
- Deposit amount (principal): Example, ₹50,000, ₹1,00,000, or more.
- Tenure of deposit: 1 year, 15 months, 2 years, 3 years, 5 years, etc.
- Rate of interest: Current LIC FD rate for the chosen tenure, such as 6.70%, 6.85%, or 6.90% per annum.
- Type of FD:
- Cumulative (interest reinvested and paid at maturity)
- Non‑cumulative (monthly, quarterly, or annual interest payout)
- Customer type: Normal investor or senior citizen (for extra 0.25% interest where applicable).
Outputs shown
Once inputs are entered, the LIC FD Calculator typically shows:
- Total maturity amount (principal + interest).
- Total interest earned during the entire tenure.
- Effective annual yield in case of cumulative options.
- For non‑cumulative: monthly, quarterly, or yearly interest payout amount.
Some advanced calculators also allow you to change the interest rate manually to test different scenarios.
Formula Used in LIC FD Calculators
Most LIC FD Calculators use standard fixed deposit formulas. For cumulative FDs (interest reinvested), the formula is usually:
- Maturity Amount =P×(1+r/n)n×t (conceptually, though not shown to users)
- P: Principal amount
- r: Annual interest rate (in decimal)
- n: Number of compounding periods per year (typically 1 for annually compounded cumulative FDs)
- t: Tenure in years
For non‑cumulative FDs (monthly or yearly payout), interest is calculated simply as:
- Interest per period =P×Rate per period
Example shown by FD calculator explanations: If a person invests ₹1,00,000 at 7.40% per annum for 2 years in an FD, total maturity value becomes ₹1,07,400, where interest earned is ₹7,400. LIC FD calculators follow the same logic but with the actual LIC HFL rates for each tenure.
Step‑by‑Step: How to Use a LIC FD Calculator
Using a LIC FD Calculator is very simple, even for first‑time online users. Here is a general step‑by‑step method you can explain to your website visitors.
- Open a trusted LIC FD Calculator page
- Visit LIC HFL or a reputed financial website offering LIC FD calculator, like PolicyBazaar or BankBazaar.
- Example links:
- LIC HFL FD calculator
- PolicyBazaar LIC HFL FD Calculator
- Enter deposit amount (Principal)
- Type the amount you plan to invest, e.g., ₹50,000 or ₹5,00,000.
- Choose FD tenure
- Select duration like 1 year, 18 months, 2 years, 3 years, or 5 years as per LIC HFL Sanchay options.
- Select interest payout type
- Choose cumulative (interest at maturity) or non‑cumulative (monthly/quarterly/yearly interest).
- Select customer type (Normal / Senior Citizen)
- Senior citizens usually enjoy higher interest rates (extra 0.25% p.a.).
- Click on “Calculate”
- The LIC FD Calculator instantly displays maturity amount, total interest, and for non‑cumulative FDs, the periodic interest payout.
- Compare options
- Users can change tenure and deposit amount and recalculate multiple times to choose the best combination.
This process is uniform across most LIC FD calculator tools, making it easy to understand for any user.
Example Calculations Using LIC FD Rates
To make the concept clearer for your readers, you can show simple examples based on current LIC FD interest ranges mentioned by various portals.
Example 1: Cumulative FD
- Deposit amount: ₹1,00,000
- Tenure: 3 years
- Yearly interest rate: 6.85% (indicative for 3 years as shown by several LIC FD rate summaries).
- Type: Cumulative (interest paid at maturity, compounded yearly)
A LIC FD Calculator will show approximately:
- Maturity amount around ₹1,22,742 for 3 years at 6.85%.
- Total interest earned around ₹22,742 over 3 years.
Exact values depend on compounding conventions and current card rate at the time of deposit.
Example 2: Non‑Cumulative Monthly Payout
- Deposit amount: ₹2,00,000
- Tenure: 5 years
- Annual interest rate: 6.90% (typical highest slab as cited by comparison portals).
- Type: Non‑cumulative, monthly payout
In this case, an FD Calculator will compute:
- Approx monthly interest payout = around 2,00,000×6.90%/12, adjusted based on company’s payout rules.
- Maturity amount remains equal to principal (₹2,00,000), because interest is paid out regularly instead of being added back.
These examples show how a LIC FD Calculator turns complex calculations into simple numbers.
Benefits of Using a LIC FD Calculator
An LIC FD Calculator is not just a convenience tool—it is a planning assistant for both regular and senior investors.
- Quick and accurate results: Avoids manual calculation errors when dealing with multiple tenures and rates.
- Easy comparison of options: Users can instantly compare maturity values for 1 year vs 3 years vs 5 years FDs.
- Goal-based planning: Helps users check how much to invest today to reach a targeted maturity amount after a fixed period.
- Helps senior citizens decide: Senior citizens can clearly see the effect of extra 0.25% interest on their fixed income.
- Transparent understanding: Shows how interest payout frequency (monthly / yearly / cumulative) changes total returns.
For online users, this calculator is especially helpful before actually filling up the LIC FD application form.
Important Things to Check Before Using LIC FD Calculator
Before relying on any LIC FD Calculator, users should keep some practical points in mind.
- Check latest interest rates: FD rates can change over time, so always confirm the latest card rate on the official LIC HFL deposit page.
- Confirm senior citizen criteria: Extra interest for senior citizens generally applies for investors aged 60 years or above; verify this in scheme terms.
- Understand premature withdrawal rules: If investors may need money early, they should see how premature closure reduces interest.
- Tax impact: Interest earned is taxable as per income tax laws, and TDS may be deducted if interest crosses a specified limit.
Advising users to verify every detail with LIC HFL or a licensed advisor ensures more responsible decision‑making.
Tips for Using LIC FD Calculator for Financial Planning
A LIC FD Calculator can be used more smartly when connected to personal financial goals rather than random amounts.
- Define the goal first: Decide whether you are saving for emergency funds, a children’s education buffer, or monthly income support during retirement.
- Test multiple tenures: Try 1, 3, and 5‑year options to see which tenure gives a good balance between liquidity and returns.
- Use senior citizen benefits: If a parent or elder is a senior citizen, consider investing in their name to get higher interest (within legal and tax rules).
- Compare with other FDs: Many comparison sites show LIC HFL FD rates alongside bank FDs so users can see which option suits them better.
Advising users to always cross‑check with the LIC HFL official brochure and consult a financial advisor is a good practice.
Frequently Asked Questions
Q. What is a LIC FD Calculator?
A. It is an online tool that helps you estimate interest and maturity amount for LIC Housing Finance fixed deposits like the Sanchay Public Deposit Scheme.
Q. Which FD scheme does this calculator usually cover?
A. Most tools work for LIC Housing Finance Ltd. (LIC HFL) Sanchay Public Deposit and related FD schemes with cumulative and non‑cumulative options.
Q. What details do I need to enter in the LIC FD Calculator?
A. You typically enter deposit amount, tenure, customer type (normal or senior citizen), interest payout type (monthly or cumulative), and then click calculate.
Q. How are returns calculated in the calculator?
A. The calculator uses applicable LIC HFL FD card rates for the chosen tenure and computes interest using standard FD compounding or periodic interest formulas.
Q. Can senior citizens check higher interest in the calculator?
A. Yes, most LIC FD calculators add the extra 0.25% p.a. that senior citizens get over the normal card rate where applicable.
Q. Does the LIC FD Calculator show monthly income?
A. For non‑cumulative options, it shows the monthly or yearly interest payout based on the deposit amount and selected interest rate.
Conclusion
LIC FD Calculator is a very handy tool for anyone interested in safe, fixed‑return investments under the LIC Housing Finance Sanchay Deposit Scheme and similar LIC‑linked deposits. With simple inputs like deposit amount, tenure, and interest rate, the calculator displays maturity value and earnings in seconds, helping users make stress‑free choices.