Life Insurance Corporation of India (LIC) A new FD -like scheme for senior citizens Launched which Fixed monthly income And Better interest rate than bank FD Gives This scheme People aged 60 years or older Is made for Safe investment With Manage after pension expenses Want to do The main objective of this initiative of LIC Away from market fluctuations Lively Guaranteed return Have to give
In this scheme Investment from ₹ 1 lakh to ₹ 15 lakh By doing ₹ 625 to ₹ 9,375 per month Can be earned. Interest rate around 7.5% And Monthly income option The bank makes it better than FD. as well as, Emergency loan And Premature clearance Facilities like facilities are also provided.
LIC New FD Scheme:
| aspect | Description |
|---|---|
| Scheme name | LIC Senior Citizen FD Scheme |
| minimum age | 60 years |
| Minimum investment | 1 million |
| Interest rate | 7.5% annual |
| monthly income | ₹ 625 (₹ 1 lakh) to ₹ 9,375 (₹ 15 lakh) |
| Tenure | 5-10 years |
| Loan facility | Available after investment |
| Premature clearance | 3 months later (fine applied) |
| Tax benefit | Tax Saving on 5 years investment under FD |
The main features of the scheme
1. Guaranteed monthly income
This scheme of lic Fixed amount every month Which gives Market risk -free Is. This income Investment amount and tenure Depends on.
Example:
- 1 million Investment → ₹ 625/month
- 500,000 Investment → ₹ 3,125/month
- 15 Laxman Investment → ₹ 9,375/month
2. Better interest rate than bank FD
Most banks in FD 6-7% interest Get this scheme of LIC Up to 7.5% Gives returns.
3. Emergency loan facility
Investment Lock-in period After completion, you Loan up to 75% of investment amount Can take
4. Premature clearance
If you Sudden money needs If it is 3 months later Can withdraw money, though Some fine Will take
Eligibility and document
Who can apply?
- Indian citizen
- Age 60 years or more
- Valid kYC document (Aadhaar, PAN, Address Proof)
Essential document
- Aadhar card
- PAN card
- Bank account statement
- Passport Size Photo
How to invest?
Step by step process
- LIC’s official website in branch Go to
- Senior Citizen FD Scheme Fill the form of.
- KYC document Submit
- Investment money Submit
- Interest rate and tenure Choose
- monthly income Wait for start (1 month later).
LIC FD vs Bank FD: Comparison
| Parameter | License FD | Bank fd |
|---|---|---|
| Interest rate | Up to 7.5% | 6-7% |
| monthly income | Guaranteed | Guaranteed |
| Loan facility | Available | Available |
| Premature clearance | 3 months later | 1-6 months later |
| Tax saving | On 5 -year -old fd | On 5 -year -old fd |
Frequently asked questions (FAQ)
1. Is this scheme tax-free?
- NoOn monthly income Tax implemented It happens. Although, 5 year tax saving FD But you can get a discount under Section 80C.
2. Is there any upper limit on investment amount?
- NoYou Investment as much as you want Can do
3. How long will monthly income be received?
- Duration of investment Till (eg 5–10 years).
4. Is this scheme for old customers of LIC?
- Noit All senior citizens Is for
conclusion:
This new FD scheme of LIC Safety and regular income Is the best combination of. If you Above 60 years Are and Stable income after retirement If you want this scheme for you Ideal option It is possible
Disclaimer: This information LIC official announcements and media reports Is based on Of scheme Interest rate and rule Can change from time to time. Before investment LIC branch or website From Last details Must check This scheme Real Having more By April 2025 Has been released.
