An LIC FD calculator estimates the interest and maturity amount on a fixed deposit with LIC Housing Finance (the Sanchay public deposit). With the card rates effective from 19 June 2025, ₹1 lakh for 3 years at 6.85% cumulative grows to about ₹1,21,990. Senior citizens get 0.25% more, and you can choose cumulative, yearly or monthly interest.
LIC HFL Fixed Deposit Calculator
Your estimate
- Interest rate (% p.a.)
- 6.85%
- Total invested
- ₹1,00,000
- Effective annual yield
- 6.85%
- Tenure (months)
- 36
- Total invested₹1,00,00082%
- Total interest₹21,99018%
Year-wise growth (last row may be a part year)
| Year | Opening balance | Interest | Closing balance |
|---|---|---|---|
| 1 | ₹1,00,000 | ₹6,850 | ₹1,06,850 |
| 2 | ₹1,06,850 | ₹7,319 | ₹1,14,169 |
| 3 | ₹1,14,169 | ₹7,821 | ₹1,21,990 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What does the LIC FD calculator do?
When people say “LIC FD”, they usually mean a fixed deposit with LIC Housing Finance Ltd (LIC HFL) under its Sanchay public deposit scheme. You lend the company a lump sum for a fixed period and earn a fixed rate of interest.
This LIC FD calculator tells you, in seconds:
- the maturity value of a cumulative deposit;
- the monthly or yearly interest you receive on a payout deposit;
- the total interest over the full tenure;
- the effective annual yield;
- a year-wise table of opening balance, interest and closing balance.
The rate is picked automatically from the LIC HFL card for your tenure and depositor type. If the company revises its rates, you can switch on “Use my own interest rate” and enter the new figure.
LIC HFL FD interest rates used in this calculator
These card rates were effective from 19 June 2025:
| Tenure | Regular depositor | 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% |
Senior citizens get an extra 0.25% a year. Deposit rates move with market interest rates, so check the latest card with LIC HFL before you invest.
How the calculation works
Cumulative deposit. Interest is added to the deposit at the end of each year and earns interest itself. The formula is:
Maturity = Deposit × (1 + rate)^years
For 15 or 18 months, the same formula runs for 1.25 or 1.5 years.
Non-cumulative (payout) deposit. Interest is paid out and does not compound. Yearly interest is Deposit × rate; monthly interest is that amount divided by 12. At maturity you get back the original deposit.
The calculator also checks the minimum deposit: ₹10,000 for cumulative and ₹20,000 for payout options, as per the source scheme details.
Worked examples
Example 1: a 3-year cumulative FD. You put ₹1,00,000 for 3 years as a regular depositor. At 6.85%, it grows to ₹1,21,990. Total interest is ₹21,990.
Example 2: a senior citizen’s 5-year FD. A 62-year-old deposits ₹5,00,000 for 5 years, cumulative. At 7.15% the maturity value is ₹7,06,205, which is ₹2,06,205 of interest.
Example 3: yearly income for retirement. A senior citizen places ₹10,00,000 for 3 years with yearly payout. At 7.10% she receives ₹71,000 every year, which is ₹2,13,000 in total, and gets the ₹10 lakh back at the end.
Example 4: monthly payout. ₹10,00,000 for 3 years at the regular rate of 6.85%, paid monthly, gives about ₹5,708 a month.
Tip: if you do not need regular income, choose cumulative. Compounding adds more over longer tenures: ₹10 lakh for 5 years at 6.90% earns ₹3,96,010 cumulative, against ₹3,45,000 if you take the interest out every year.
How to read the results
- Maturity value (cumulative) or Yearly / Monthly interest payout (non-cumulative): the headline number.
- Total interest: everything you earn over the tenure, before tax.
- Interest rate: the card rate applied, including the senior citizen extra.
- Effective annual yield: for cumulative deposits, the yearly rate that gives the same result. With once-a-year compounding it equals the card rate.
- Year-wise table: shows how the balance grows. For a 15 or 18-month deposit, the last row covers a part year.
Tips and common mistakes
- Compare after tax. At a 30% slab, a 6.85% FD gives roughly 4.8% after tax. Compare it with tax-free or tax-efficient options before locking in.
- Match tenure with your goal. Breaking an FD early reduces the interest. Split a large amount into two or three deposits with different tenures, so you can reach part of it without penalty.
- Watch the renewal. When a deposit matures, the new rate may be different. Enter the new rate with the custom-rate switch to see what you would earn.
- Remember it is not a bank FD. Company deposits are not covered by DICGC insurance. Check the issuer’s rating and do not keep all your savings with one company.
- Keep Form 15G/15H ready if your income is below the taxable limit, to avoid unnecessary TDS.
LIC FD vs LIC insurance plans
An FD is a pure savings product: your money grows at a known rate, and there is no life cover. LIC insurance plans such as endowment or money back policies mix cover with savings and usually earn less, but they add protection. If you want regular income for life, an annuity may suit you better than rolling FDs over and over; see the LIC pension calculator.
Related calculators
- LIC SIP calculator: see how a monthly investment grows in a mutual fund.
- LIC return calculator: check the real return of an LIC policy you hold.
- LIC home loan EMI calculator: plan the EMI on a loan from LIC Housing Finance.
Frequently asked questions
Is LIC FD the same as a deposit with LIC of India?
No. The popular 'LIC FD' is a public deposit scheme of LIC Housing Finance Ltd (LIC HFL), a housing finance company in the LIC group. LIC of India itself sells insurance, not fixed deposits. The deposit is a company deposit, not a bank FD.
What are the current LIC HFL FD interest rates?
This calculator uses the card rates effective from 19 June 2025: 6.70% for 1 year, 6.75% for 15 and 18 months, 6.80% for 2 years, 6.85% for 3 years and 6.90% for 4 and 5 years. Senior citizens get 0.25% more. Rates change, so confirm the latest card before investing.
How is the maturity amount of a cumulative LIC FD calculated?
Interest is compounded once a year: maturity = deposit × (1 + rate)^years. For example, ₹5 lakh for 5 years at the senior citizen rate of 7.15% grows to about ₹7,06,205, which means ₹2,06,205 of interest.
Can I get monthly interest from an LIC FD?
Yes, non-cumulative deposits can pay interest monthly or yearly instead of adding it to the deposit. On ₹10 lakh for 3 years at 6.85%, the monthly payout works out to about ₹5,708 in this calculator. Monthly options may need a higher minimum deposit.
Is LIC FD safe?
LIC Housing Finance deposits have carried a high credit rating, which indicates strong safety. However, company deposits are not covered by the DICGC insurance that protects bank FDs up to ₹5 lakh. Spread large amounts across issuers if you want to limit risk.
Is interest on an LIC FD taxable?
Yes. FD interest is added to your income and taxed at your slab rate. TDS may be deducted if yearly interest crosses the threshold. If your total income is below the taxable limit, you can submit Form 15G, or Form 15H if you are a senior citizen.
Can I withdraw an LIC FD before maturity?
Premature withdrawal is usually allowed after a short lock-in (commonly three months), but the interest rate is reduced. You may also take a loan against the deposit, typically up to about 75% of the amount, instead of breaking it.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.