It has become very important for the elderly to arrange financial security and regular income in today’s time. Keeping this need in mind, LIC (Life Insurance Corporation of India) Did your new Fixed Deposit (FD) Scheme Is launched, especially designed for senior citizens aged 60 and above. Under this new FD scheme, the elderly will get a fixed interest amount every month, which will ensure their monthly income and will be financially self -sufficient.
The scheme provides the option of safe investment to senior citizens, in which their money is safe and they also get regular monthly income. This new FD scheme of LIC provides better interest rates and facilities than the FD schemes of other banking and financial institutions. In this article we will learn about the new FD scheme of LIC in detail, its advantages, interest rates, application process, eligibility, and other important information.
Lic new fd scheme
LIC’s new Fixed Deposit Scheme is a great financial option for the elderly. Senior citizens investing in this scheme receive a fixed interest amount every month, which helps to meet their monthly needs. The objective of this scheme is to provide financial security to the elderly and improve their lifestyle.
The main advantage of LIC FD Scheme
- Monthly fixed interest: Investors get a fixed interest amount every month, ensuring monthly income.
- Safe investment: LIC is a government company, so investment remains safe.
- High interest rate: Especially better interest rates are provided to senior citizens.
- Flexible period: The duration of investment can range from 1 year to 10 years.
- Premature withdrawal: The investment amount can be withdrawn ahead of time when needed, although with certain conditions.
- tax benefit: Tax benefits may also be available in some cases.
LIC FD Scheme 2025
| Description | Information |
|---|---|
| Name of the scheme | LIC Fixed Deposit (FD) Senior Citizen Scheme |
| Eligibility | Senior citizens aged 60 years and above |
| Minimum investment amount | ₹ 10,000 |
| Maximum investment amount | No limit |
| Investment period | From 1 year to 10 years |
| Interest rate | 6.5% to 7.5% annual (current rates) |
| Interest payment option | Monthly, quarterly, half -yearly, annual |
| Premature withdrawal | Possible (as per rules) |
| tax benefit | Available on investment basis |
LIC’s FD scheme interest rate and payment option
LIC’s new FD scheme gives special interest rates to senior citizens, which are better than the market. Currently the interest rate in this scheme is almost 6.5% to 7.5% Between which is competitive from other bank FD schemes.
Investors have many options for interest payment, of which they can choose according to their convenience:
- Monthly interest payment: Every month the interest amount is deposited directly in the account, ensuring regular income.
- Quarterly Payment: Interest is received every three months.
- Half -yearly payment: Interest is received once in six months.
- Annual Payment: Interest is received once a year.
- Complete interest on maturity: The interest amount meets simultaneously at the end of the investment period.
Monthly interest payment option is considered to be the most suitable for the elderly as it fulfills their monthly expenses.
Eligibility for LIC FD Scheme 2025 and required documents
Eligibility
- Investor age minimum 60 years Should be.
- Investors should be a resident of India.
- The investor must have a bank account.
Required document
- Identity Card (Aadhaar Card, PAN Card, Voter ID etc.)
- Age Certificate (Birth Certificate, PAN Card, Aadhaar Card)
- Address proof (electricity bill, ration card, bank passbook)
- Passport Size Photo
- Bank account statement
Application process for LIC FD Scheme
It is very easy to apply to LIC’s FD scheme. You can apply to the nearest branch of LIC or through online medium. The following are the main stages of the application process:
- Fill the application form: Get the form from LIC branch or download LIC from the official website.
- Attach the document: Submit the photocopy of the required documents and the original documents together.
- Submit investment amount: Pay according to the minimum investment amount.
- Submit the form: After filling the complete information, submit the form and document.
- Get Achievement: After the investment confirmation, you will be given the FD certificate.
Benefits and features of LIC FD Scheme
- Government Security: LIC is a Government of India company, so investment is completely safe.
- Regular monthly income: Monthly interest payment gives the elderly regular income.
- Flexible period: Investors can choose a period of 1 to 10 years according to their needs.
- Premature withdrawal facility: Facility to withdraw investment amount ahead of time if needed.
- tax benefits: In some cases, tax benefits are also available on investment, which saves tax.
- Spontaneous application process: Application possible through both online and offline means.
LIC FD Scheme vs other bank FD schemes
| Properties | LIC FD Scheme | Bank fd schemes |
|---|---|---|
| Security | Government Company, High Security | Depending on bank, usually safe |
| Interest rate | 6.5% to 7.5% (Senior Citizen) | 5% to 7% (dependent on bank) |
| Monthly interest payment | Available | Most banks provide |
| Premature withdrawal | Possible, according to rules | Possible, but penalty may be felt |
| Minimum investment amount | ₹ 10,000 | From ₹ 1,000 to ₹ 10,000 |
| tax benefit | Available in some schemes | Available in some schemes |
Suggestions and precautions for LIC FD Scheme
- Check interest rates: Be sure to get information about current interest rates before investment.
- Understand premature withdrawal rules: Read the penalty and rules on premature extraction.
- Follow tax rules: There may be tax deduction (TDS) on interest on investment, keep PAN card updates for this.
- Choose Monthly Income Options: Monthly interest paid option is more beneficial for the elderly.
- Keep the document correct and complete: Keep the document completely correct so that there is no obstruction in the application process.
conclusion
LIC’s new FD Scheme 2025 There is a safe and beneficial investment option for senior citizens. Under this scheme, the elderly get regular income in the form of fixed interest every month, which strengthens their economic condition. Due to LIC’s credibility and government security, this scheme is becoming quite popular among investors. If you or your family is a member of a member of the age of 60, this scheme can be a good means of financial security for them.
Disclaimer: This FD scheme of LIC is a real and government scheme designed to provide financial security to senior citizens. Be sure to get complete information about the plan before investment from LIC’s branch or official sources. To avoid any kind of fraud, invest only from the authorized channels of LIC.
