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    Sanchay: Public Deposit Scheme

    Uploaded by

    Shrikant Masulker
    This document summarizes the Sanchay Public Deposit Scheme offered by LIC Housing Finance Ltd., one of India's largest housing finance companies. It offers interest rates of 5.00-5.85% for deposits between 1-5 years for amounts up to Rs. 20 crore. Deposits over Rs. 20 crore earn 4.40-5.25% interest. Senior citizens receive an additional 0.25% interest. The minimum deposit amount is Rs. 20,000 accumulating up to Rs. 26,765 over 5 years. Deposits can be made monthly or annually and are accepted at all of LIC Housing Finance's offices across India.

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    © All Rights Reserved
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    Sanchay: Public Deposit Scheme

    Uploaded by

    Shrikant Masulker
    50 views1 page
    This document summarizes the Sanchay Public Deposit Scheme offered by LIC Housing Finance Ltd., one of India's largest housing finance companies. It offers interest rates of 5.00-5.85% for deposits between 1-5 years for amounts up to Rs. 20 crore. Deposits over Rs. 20 crore earn 4.40-5.25% interest. Senior citizens receive an additional 0.25% interest. The minimum deposit amount is Rs. 20,000 accumulating up to Rs. 26,765 over 5 years. Deposits can be made monthly or annually and are accepted at all of LIC Housing Finance's offices across India.

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    This document summarizes the Sanchay Public Deposit Scheme offered by LIC Housing Finance Ltd., one of India's largest housing finance companies. It offers interest rates of 5.00-5.85% for deposits between 1-5 years for amounts up to Rs. 20 crore. Deposits over Rs. 20 crore earn 4.40-5.25% interest. Senior citizens receive an additional 0.25% interest. The minimum deposit amount is Rs. 20,000 accumulating up to Rs. 26,765 over 5 years. Deposits can be made monthly or annually and are accepted at all of LIC Housing Finance's offices across India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    50 views1 page

    Sanchay: Public Deposit Scheme

    Uploaded by

    Shrikant Masulker
    This document summarizes the Sanchay Public Deposit Scheme offered by LIC Housing Finance Ltd., one of India's largest housing finance companies. It offers interest rates of 5.00-5.85% for deposits between 1-5 years for amounts up to Rs. 20 crore. Deposits over Rs. 20 crore earn 4.40-5.25% interest. Senior citizens receive an additional 0.25% interest. The minimum deposit amount is Rs. 20,000 accumulating up to Rs. 26,765 over 5 years. Deposits can be made monthly or annually and are accepted at all of LIC Housing Finance's offices across India.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    SANCHAY

    PUBLIC DEPOSIT SCHEME


    CRISIL CREDIT RATING FAAA / STABLE
    l DEPOSIT SCHEME FOR RESIDENT INDIVIDUALS l NON RESIDENT INDIVIDUALS l HUFs l PARTNERSHIP FIRMS l CO-OPERATIVE SOCIETIES
    l ASSOCIATION OF PERSONS l TRUSTS (COMPANY IS ELIGIBLE TO ACCEPT DEPOSITS FROM TRUSTS
    AS PER SECTION 11(5) (IX) OF INCOME TAX ACT, 1961)

    HIGHLIGHTS
    One of India's largest housing finance company providing financial assistance in the construction, purchase & renovation of homes since 1989;
    having nation-wide network - 9 Regional Offices, 24 Back Offices, 282 Area Offices and Consistent record of dividend payments since 1990.

    Interest rates effective from 05/01/2022 on Public Deposits upto ` 20 CRORE :


    TERM INTEREST RATE P.A. FOR INTEREST RATE P.A. ON MATURITY UNDER
    MONTHLY OPTION FOR YEARLY OPTION CUMULATIVE SCHEME
    Cumulative
    Non-Cumulative Deposits & Non-Cumulative Deposits. ` 20,000/- will become
    1 YEAR 5.00% 5.15% ` 21,030/-
    18 MONTHS 5.35% 5.50% ` 21,680/-
    2 YEARS 5.50% 5.65% ` 22,324/-
    3 YEARS 5.75% 5.90% ` 23,753/-
    5 YEARS 5.85% 6.00% ` 26,765/-

    Other Details : Monthly Option Yearly Option

    Minimum Amount of Deposit Rs. 2,00,000/- Rs. 20,000/-


    Additional Deposit in multiples of Rs. 10,000/- Rs. 1,000/-
    Interest will be paid on Non-Cumulative Scheme 1st day of the Month &
    on 31st March for the month of March On 31st March.
    Interest will be compounded Annually on Cumulative
    Deposits

    Senior Citizens : Additional interest @ 0.25% p.a. (for deposits of Rs. 20000/- & above but upto
    Rs. 20 Crore) on all tenors.
    Interest rates effective from 05/01/2022 on Public Deposits above ` 20 CRORE:
    INTEREST RATE P.A. FOR INTEREST RATE P.A. ON MATURITY UNDER
    TERM MONTHLY OPTION FOR YEARLY OPTION CUMULATIVE SCHEME
    Non-Cumulative Deposits Cumulative ` 200001000/- will become
    & Non-Cumulative Deposits.
    1 YEAR 4.40% 4.50% ` 20,90,01,045/-
    18 MONTHS 4.75% 4.85% ` 21,47,86,299/-
    2 YEARS 4.90% 5.00% ` 22,05,01,103/-
    3 YEARS 5.15% 5.25% ` 23,31,83,857/-
    5 YEARS 5.25% 5.35% ` 25,95,40,339/-

    Interest rates are subject to change and rate applicable will be the rate prevalent on the date of credit of cheque/Transfer
    in company's Bank Account.
    A Depositor can deposit upto ` 20 Crore in each of the period between 1st to 15th and 16th to the last day of a month at the
    applicable card rates. If the total deposit amount exceeds ` 20 Crore in any of the above mentioned period, the interest rates for
    that period will be the rates applicable for deposits exceeding ` 20 Crore.
    Application will be accepted at
    all the offices of the Company For detailed addresses please visit our website: www.lichousing.com

    SERVICE PROVIDER TO SANCHAY PUBLIC DEPOSIT SCHEME


    DATAMATICS GLOBAL SERVICES LIMITED : Unit: LIC Housing Finance Ltd., Knowledge Centre, Plot No. 58, Street No. 17,
    MIDC, Andheri (East), Mumbai - 400 093, India.Contact No.: 022 - 6102 5381 / 6102 0201 • E-mail: [email protected]
    All communications with regards to Public Deposit should be addressed to the Service Provider to Sanchay Public Deposit Scheme at the above address.
    KYC Compliance: Depositors are requested to fill the Know Your Customer (KYC) Compliance Application Form attached herein in order to comply with the
    guidelines issued by Reserve Bank of India & provisions of Prevention of Money Laundering Act, 2002 & the rules notified thereunder.This form has to be
    filled in only once while placing the deposit for the first time. On submission of this form along with the necessary identification documents, KYC No. will be
    allotted which should be quoted on the application form while placing any further deposits. KYC Compliance Forms are available with all Area Offices of the
    Company.
    Acceptance of deposits are subject to the terms and conditions mentioned overleaf.
    Registered Office : Bombay Life Building, II Floor,45/47, Veer Nariman Road, Fort, Mumbai - 400 001.
    Tel.: +91 22 22049682, +91 22 2204 9799, Fax : +91 22 2204 9682
    Corporate Office : 131 Maker Tower 'F' Premises, 13th Floor, Cuffe Parade, Mumbai - 400 005. Tel.: +91 22 2217 8600, +91 22 2217 8700
    Fax : +91 22 2217 8777, Email: [email protected] • Website : www.lichousing.com • CIN : L65922MH1989PLC052257

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