UBLIC DEPOSIT SCHEME LIC HOUSING FINANCE LIMITED is one of Indias largest Housing Finance Companies providing financial

assistance in the construction and purchase of house/flat since 1989; having nation-wide network across 7 Regional Offices, 15 Back Offices and 188 Marketing Units. LIC Housing Finance Limited has started the Public Deposit Scheme from 10th May, 2007 onwards. The Deposits accepted under Cumulative Option and Non-Cumulative Option. The terms of the deposits are 1 year, 18 months, 2 years, 3 years & 5 years in both the schemes. The payment of interest under cumulative Option will be compounded with half yearly rest. Under NonCumulative Option, interest will be paid half yearly i.e., 30th September and 31st March. For Senior Citizens, Additional interest of @ 0.10% p.a. will be more on deposits upto Rs.50,000/- and 0.25% will be more on deposits above Rs.51,000/- payable for all the terms. The Company accepts deposits through authorized Agents appointed for the same by the Company. The cheques can be deposited through Corporation Bank, CAPS Branch under FCS facility with customer code as LHF3920. The Form should be submitted after due compliance of KYC norms. APPLICATION FORM: Investors can down load Public Deposit Application Form from this website. Cheque/Demand Draft for placing deposits should be drawn in favour of LIC HOUSING FINANCE LIMITED-PUBLIC DEPOSIT A/C and marked Account Payee only. Outstation depositors can send demand drafts after deducting the demand draft charges. RATE OF INTEREST: The Company has revised the rates of interest on Public Deposits with effect from 1 st November, 2012 as under :
RATE OF INTEREST APPLICABLE TO RETAIL DEPOSIT UP TO RS. 5 CRORE

Rate of interest applicable to Retail Deposit up to Rs. 5 Crs.

Term

Revised ROI per annum on Deposits from General Public 8.75% 8.75%

1 YEAR 18

Revised ROI per annum on Deposits from Senior Citizens up to Rs. 50,000/8.85% 8.85%

Revised ROI per annum on Deposits from Senior Citizens above Rs. 51,000 9.00% 9.00%

MONTHS 2 YEARS 3 YEARS 5 YEARS

9.00% 9.25% 9.50%

9.10% 9.35% 9.60%

9.25% 9.50% 9.75%

Interest is Payable/Compoundable Half Yearly.

FOR DEPOSIT MORE THAN RS. 5 CRORE:

In case any investor intends to make a public deposit for more than Rs. 5 crore, he has to get the rate of interest and brokerage rate, if applicable, confirmed from the Company in writing before depositing the cheque. Splitting of deposit/s is/are not allowed. In case any investor makes multiple deposits having denomination of less than or equal to five crore, but aggregate deposit amount(all the deposits placed together by the same investor) in 60 days, irrespective of the location of the deposit, exceeds rupees five crore amount, then it is considered as bulk deposit of more than five crore and the Company will apply the rate of interest on deposit and brokerage rate as they are applicable to bulk deposit on the day on which the aggregate amount of deposits exceeds five crore. If there is a gap of 60 days between two deposits having denomination of less than five crore, then such deposits will be treated as independent deposits and they will not be considered together.