HomeWorld NewsLIC Housing Finance hikes public deposit rates, earn as high as 7.5%

LIC Housing Finance hikes public deposit rates, earn as high as 7.5%

  • December 26, 2022
  • Posted by: Bastion team
  • Category: World News
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NBFC, LIC Housing Finance has raised its public deposit interest rates by 10-65 basis points with effect from December 26th. The public deposits are to the tune of ₹20 crore and above. Depositors can earn as high as 7.50% on their investments. The tenures for public deposits vary from 18 months to 5 years.

Cumulative rates:

With effect from December 26th, LIC Housing is offering a cumulative interest rate of 7.10% per annum on public deposits up to ₹20 crore for 18 months tenure, while the interest rate is 6.75% for deposits above ₹20 crore for the same tenure.

For 1-year tenure, the interest rate is 7% for deposits up to ₹20 crore and 6.75% for deposits above ₹20…

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