Lic Fd Rates Calculator

by

LIC Housing Finance FD Calculator

Calculate your maturity amount and interest earnings accurately

Quarterly (Cumulative) Yearly Half-Yearly Monthly
Total Interest Earned ₹ 0
Maturity Amount ₹ 0

Understanding LIC FD Rates and Calculations

LIC Housing Finance Limited (LICHFL) offers one of the most stable Fixed Deposit schemes for individual investors and senior citizens. Unlike standard savings accounts, these FD rates provide a higher yield on your surplus funds over a fixed tenure ranging from 1 year to 5 years.

How to use the LIC FD Calculator?

To estimate your returns, simply follow these steps:

  • Deposit Amount: Enter the lump sum you wish to invest (e.g., ₹1,00,000).
  • Interest Rate: Enter the prevailing LIC FD rate. Currently, these vary between 7.00% to 7.80% depending on the tenure.
  • Tenure: Specify how many months you want to keep the money invested.
  • Compounding Frequency: For Cumulative public deposits, LICHFL typically compounds interest Quarterly.

Calculation Example

Suppose you invest ₹2,00,000 for 36 months at an interest rate of 7.5% with quarterly compounding.

Formula: A = P (1 + r/n)^(nt)
Principal (P) = 2,00,000
Rate (r) = 0.075
Frequency (n) = 4 (Quarterly)
Time (t) = 3 years
Maturity Value ≈ ₹2,49,944

Key Features of LIC Housing Finance FD

  1. High Safety: Rated AAA by CRISIL and ICRA, indicating the highest safety regarding timely payment of interest and principal.
  2. Senior Citizen Benefit: Often provides an additional 0.25% interest rate.
  3. Flexible Tenures: Choose between 12 months to 60 months based on your financial goals.
  4. Loan Facility: Investors can avail of loans against their FD deposits (up to 75% of the deposit amount).
function calculateLICFD() { var p = parseFloat(document.getElementById('depositAmount').value); var r = parseFloat(document.getElementById('interestRate').value); var m = parseFloat(document.getElementById('tenureMonths').value); var n = parseInt(document.getElementById('compoundingFreq').value); if (isNaN(p) || isNaN(r) || isNaN(m) || p <= 0 || r <= 0 || m <= 0) { alert("Please enter valid positive numbers in all fields."); return; } // Conversion for formula // Maturity Amount = P * (1 + (r/n))^nt // r is rate in decimal (e.g. 0.075) // n is frequency per year // t is total years (months / 12) var decimalRate = r / 100; var years = m / 12; var maturityAmount = p * Math.pow((1 + (decimalRate / n)), (n * years)); var interestEarned = maturityAmount – p; document.getElementById('totalInterest').innerText = "₹ " + interestEarned.toLocaleString('en-IN', { maximumFractionDigits: 0 }); document.getElementById('maturityValue').innerText = "₹ " + maturityAmount.toLocaleString('en-IN', { maximumFractionDigits: 0 }); document.getElementById('fdResultArea').style.display = "block"; }

Leave a Comment