LIC Fixed Deposit Monthly Plan Calculator

If you are looking for a safe, reliable, and government-backed investment that gives you regular monthly income, you have probably already heard about LIC Housing Finance Fixed Deposits. And if you have ever wished there was an easy way to instantly calculate exactly how much money you will earn every month, or what your total maturity amount will be — that is exactly what the LIC fixed deposit monthly plan calculator is built for.

In this guide, we are going to walk you through everything you need to know — what the LIC FD monthly income plan is, how the online calculator works, what the current LIC FD plan interest rates are, special benefits for senior citizens, the LIC FD for 5 years option, and even whether the LIC FD double scheme is real. Whether you are a salaried professional looking to park your savings, a retiree looking for steady monthly income, or a first-time investor — this guide is written for you.

Let us get started.

What Is the LIC HFL Sanchay Public Deposit Scheme?

LIC Housing Finance Limited (LIC HFL) — a subsidiary of the Life Insurance Corporation of India — offers a fixed deposit scheme called the Sanchay Public Deposit Scheme. It is one of the most trusted non-banking fixed deposit options available in India today.

Unlike regular bank FDs, this is a Corporate Fixed Deposit offered by an NBFC (Non-Banking Financial Company). It is backed by LIC of India, which gives investors enormous confidence in terms of safety and credibility.

The scheme allows you to deposit a lump sum amount for a fixed tenure and earn interest at a predetermined rate. You can choose to receive that interest monthly, quarterly, yearly, or let it compound and collect everything at maturity (cumulative option).

Who Can Invest?

• Resident Indian individuals
• Hindu Undivided Families (HUFs)
• Senior citizens (with an extra rate benefit)
• Salaried professionals and self-employed individuals
• Retirees looking for regular monthly income

Minimum deposit: ₹20,000. Maximum: ₹3 Crore (for standard rates). Above ₹3 Crore, separate rate structures apply.

LIC Fixed Deposit Monthly Plan Calculator: What It Is and How It Works

The LIC fixed deposit monthly plan calculator is a free, easy-to-use web app that instantly computes your returns based on the inputs you provide. Instead of doing complex interest calculations manually — which can be confusing and error-prone — the calculator does all the heavy lifting for you in seconds.

All you need to do is enter three things:

• Your deposit amount (between ₹20,000 and ₹3,00,00,000)
• Your preferred tenure (1 Year, 15 Months, 18 Months, 2 Years, 3 Years, or 5 Years)
• Your payout frequency (Monthly, Quarterly, Yearly, or Cumulative)

The calculator will instantly show you your monthly/periodic payout, your total interest earned, and your maturity amount — all in real-time, without any page reload.

Step-by-Step: How to Use the Calculator

Using the LIC FD monthly income plan maturity calculator is genuinely as simple as it gets. Here is a step-by-step walkthrough:

Step 1: Enter your deposit amount in the “Deposit Amount” field. For example, type 500000 for ₹5,00,000.

Step 2: Select your preferred tenure from the dropdown — choose from 1 Year, 15 Months, 18 Months, 2 Years, 3 Years, or 5 Years.

Step 3: Select your payout frequency — Monthly, Quarterly, Yearly, or Cumulative.

Step 4: If you are a senior citizen (60 years or above), toggle the “Senior Citizen” switch ON. This automatically adds +0.25% p.a. to your applicable interest rate.

Step 5: Click “Calculate Returns”. The tool instantly shows your periodic payout, total interest, and full maturity amount — along with a visual donut chart.

That is it. No sign-up required, no personal data needed, completely free to use.

LIC FD Plan Interest Rates 2026 (Effective 19 June 2025)

Let us now look at the actual LIC FD plan interest rates currently offered under the Sanchay Public Deposit Scheme. These rates are for deposits up to ₹3 Crore:

As you can see, the longer the tenure, the higher the interest rate. The 5-year option currently offers the highest rate at 6.90% p.a. (cumulative), making the LIC FD for 5 years particularly attractive for long-term investors.

These rates are for deposits for more than ₹3 Crore

Important note: In the Cumulative option, interest is compounded annually — meaning your interest earns interest every year, growing your corpus significantly over time.

Interest Rates for Deposits Above ₹3 Crore

For deposits exceeding ₹3 Crore, slightly different (lower) rates apply. The LIC fixed deposit monthly plan calculator will automatically flag a notice if your entered amount exceeds ₹3 Crore and advise you to contact LIC HFL directly for applicable rates.

LIC FD Monthly Income Plan Calculator for Senior Citizens

If you are a senior citizen (aged 60 years or above), LIC HFL has a special benefit built into the scheme — you get an additional 0.25% per annum on top of the standard interest rate. This makes the Sanchay scheme even more attractive for retirees who depend on regular income from their savings.

The LIC FD monthly income plan calculator for senior citizens fully accounts for this. All you need to do is toggle the “Senior Citizen” switch in the calculator, and it automatically adds the 0.25% bonus to whatever rate applies to your selected tenure and payout frequency.

Practical Example: Senior Citizen Monthly Income

Let us take a real-world example to make this crystal clear.

Scenario: Mr. Ramesh, a retired bank officer, wants to invest ₹10,00,000 for 3 Years with Monthly payout. He is 63 years old.

Standard monthly interest rate for 3 Years: 6.65% p.a.

With senior citizen benefit: 6.65% + 0.25% = 6.90% p.a.

Monthly payout = ₹10,00,000 × 6.90% ÷ 12 = ₹5,750 per month

Total interest over 3 years = ₹5,750 × 36 = ₹2,07,000

Maturity amount = ₹10,00,000 + ₹2,07,000 = ₹12,07,000

Mr. Ramesh gets a steady ₹5,750 every single month for 3 years, and gets his full principal back at the end. This is the power of the LIC FD monthly income plan for senior citizens.

Why Senior Citizens Love This Scheme

• Guaranteed monthly income — no market risk
• Extra 0.25% p.a. over standard rates
• Principal fully returned at maturity
• Backed by LIC of India — extremely trustworthy
• Simple application process, minimal paperwork
• Interest credited directly to bank account each month

LIC FD Monthly Income Plan Maturity Calculator: Understanding Your Numbers

A lot of investors focus only on the monthly payout and forget about the maturity amount. The LIC FD monthly income plan maturity calculator gives you both — and it is equally important to understand the full picture.

Here is how each type of payout works mathematically:

Monthly Payout (Non-Cumulative)

Formula: Monthly Payout = Principal × (Rate per annum ÷ 12)

Total Interest = Monthly Payout × Number of Months

Maturity Amount = Principal + Total Interest

Your principal remains intact throughout the tenure. Every month, the interest portion is credited to your bank account. At the end of the tenure, you get your full deposit amount back.

Quarterly Payout (Non-Cumulative)

Formula: Quarterly Payout = Principal × (Rate per annum ÷ 4)

Interest is credited once every three months — on 1st July, 1st October, 1st January, and 31st March. Ideal if you do not need income every month but prefer periodic top-ups.

Yearly Payout (Non-Cumulative)

Formula: Annual Payout = Principal × Rate per annum

Interest is paid once per year. The yearly option typically carries the highest non-cumulative rate. Great if you want a large lump sum once a year — perhaps for annual expenses like school fees or travel.

Cumulative Option (Compounded Annually)

Formula: Maturity Amount = Principal × (1 + Rate/100) ^ Years

In the cumulative option, no interest is paid out during the tenure. Instead, interest is added to your principal every year and earns further interest (compounding). You receive the entire amount — principal plus accumulated interest — at the end of the tenure.

This is the best option if you do not need regular income and want to maximise your corpus over time.

LIC FD for 5 Years: Is It Worth It?

The LIC FD for 5 years is the longest available tenure under the Sanchay Public Deposit Scheme and also the highest-yielding one. With rates going up to 6.90% p.a. (cumulative) for regular investors and 7.15% p.a. for senior citizens, it is a genuinely attractive long-term fixed income option.

5-Year Cumulative Example (Regular Investor)

Deposit: ₹5,00,000 for 5 Years at 6.90% cumulative

Year 1: ₹5,00,000 × 1.069 = ₹5,34,500

Year 2: ₹5,34,500 × 1.069 = ₹5,71,381

Year 3: ₹5,71,381 × 1.069 = ₹6,10,776

Year 4: ₹6,10,776 × 1.069 = ₹6,52,919

Year 5: ₹6,52,919 × 1.069 = ₹6,97,970 (approx.)

Total Interest Earned: ~₹1,97,970 on ₹5,00,000 over 5 years — that is nearly 40% total return!

Use the LIC fixed deposit monthly plan calculator to run your own numbers instantly for the 5-year option.

Who Should Choose the 5-Year Option?

• Retirees who want to park a lump sum without touching it for 5 years
• Investors who have a medium-term financial goal (child’s education, home renovation)
• Anyone who wants the highest possible FD rate with LIC HFL
• People who do not need monthly income and prefer cumulative growth

Does LIC FD Double Your Money? The Truth About LIC FD Double

You may have come across the term “LIC FD double” while searching online. Let us address this directly and honestly.

LIC Housing Finance does not officially market a “double your money” scheme. However, with the power of compound interest over the right tenure and at the right rates, your money can approximately double — it just takes longer than some promotional material might suggest.

Rule of 72: How Long to Double Your Money?

The Rule of 72 is a simple formula: Divide 72 by the interest rate to estimate how many years it takes to double your investment.

At 6.90% p.a.: 72 ÷ 6.90 ≈ 10.4 years

So if you invest ₹5,00,000 today at 6.90% (cumulative, compounded annually), it will approximately double to ₹10,00,000 in around 10–11 years — assuming rates remain constant.

While LIC HFL does not have a specific “double scheme”, the cumulative 5-year option stacked across two consecutive terms (i.e., reinvesting at maturity) can effectively double your money over a decade. This is what many investors informally refer to as the “LIC FD double” concept.

Important: Always be cautious of any agent or third party claiming LIC FD doubles your money in 5 or 6 years at current rates — those numbers do not add up at the rates available today.

Key Benefits of Using the LIC FD Monthly Plan Calculator

Beyond just showing you numbers, the LIC fixed deposit monthly plan calculator offers several practical benefits:

• Instant results — no waiting, no manual calculation
• Real LIC HFL Sanchay scheme rates built-in (updated as of 19 June 2025)
• Senior citizen toggle adds the +0.25% bonus automatically
• Live rate table highlights your selected tenure and payout combination
• Visual donut chart shows principal vs. interest split at a glance
• Works on mobile, tablet, and desktop — fully responsive
• Completely free — no login, no subscription, no data collection
• Above ₹3 Crore deposits flagged automatically with a guidance note
• Supports all 4 payout types: monthly, quarterly, yearly, and cumulative

Whether you are comparing two different tenure options or trying to figure out which payout frequency gives you the best outcome, this tool makes the process genuinely effortless.

LIC FD vs. Bank FD: A Quick Comparison

A common question investors ask is: should I go with an LIC HFL Fixed Deposit or a regular bank FD? Here is a side-by-side comparison to help you decide:

The bottom line: LIC HFL FD is ideal for investors who prioritise safety, brand trust, and regular income — particularly senior citizens and retirees. Bank FDs may offer a wider range of tenures and lower minimum deposits.

Tips to Maximise Your Returns with LIC FD

Here are some practical tips to get the most out of your LIC Housing Finance Fixed Deposit:

1. Ladder Your FDs

Instead of putting all your money into one FD, split it across multiple tenures — for example, ₹2 lakh for 1 year, ₹3 lakh for 3 years, ₹5 lakh for 5 years. This way, you always have some liquidity while still earning higher rates on longer tenures. Calculate your ladder now!

2. Choose Cumulative for Long-Term Goals

If you have a financial goal 3–5 years away (retirement corpus, child’s higher education), the cumulative option is your best bet because compounding works in your favour over time.

3. Senior Citizens: Always Turn On the Toggle

If you are 60 or above, never forget to activate the senior citizen benefit. That extra 0.25% p.a. adds up significantly on large deposits over multiple years.

4. Use the Calculator Before Every Decision

Before locking in your money, run multiple scenarios through the LIC fixed deposit monthly plan calculator. Try different tenures, different payout options, with and without the senior citizen benefit — and pick the one that best matches your income needs and goals.

5. Reinvest at Maturity

When your FD matures, consider reinvesting the full maturity amount (principal + interest) into a new FD. This is the reinvestment strategy that lets you informally “double” your money over the long term.

6. Keep TDS in Mind

Interest income from corporate FDs is taxable. If your total interest income from LIC HFL FD exceeds ₹5,000 in a financial year, TDS (Tax Deducted at Source) may be deducted. Factor this into your planning. You can submit Form 15G (non-senior) or Form 15H (senior citizen) if your total income is below the taxable limit.

Frequently Asked Questions (FAQs)

Q1. What is the LIC fixed deposit monthly plan calculator?

The LIC fixed deposit monthly plan calculator is a free web-based tool that helps you calculate your expected monthly income, total interest, and maturity amount based on LIC HFL Sanchay Public Deposit Scheme interest rates. Simply enter your deposit amount, tenure, and payout frequency to get instant results.

Q2. What are the current LIC FD plan interest rates for 2026?

As of 2026, LIC HFL Sanchay FD interest rates range from 6.50% to 6.90% p.a. depending on the tenure and payout type. The highest rate of 6.90% applies to the 5-year cumulative option. Senior citizens get an additional +0.25% p.a. on all rates (applicable for deposits up to ₹3 Crore).

Q3. How does the LIC FD monthly income plan calculator for senior citizens work?

When you toggle the “Senior Citizen” option in the calculator, it automatically adds 0.25% per annum to your applicable interest rate. This gives senior citizens (aged 60+) a higher monthly payout and greater total returns on the same deposit amount.

Q4. Is LIC FD safe? How is it different from a bank FD?

Yes, LIC HFL FDs are considered very safe — they carry the highest safety ratings (FAAA from CRISIL and MAAA from ICRA) and are backed by LIC of India. The key difference from bank FDs is that bank deposits are insured by DICGC up to ₹5 lakh, while LIC HFL FDs rely on the creditworthiness and institutional backing of LIC. Both are generally considered safe for conservative investors.

Q5. What is the LIC FD for 5 years interest rate?

For deposits up to ₹3 Crore, the LIC FD for 5 years offers 6.70% p.a. (monthly payout), 6.75% p.a. (quarterly), 6.90% p.a. (yearly/cumulative). With the senior citizen benefit, add +0.25% to each of these. The cumulative 5-year option at 6.90% is the highest rate available in the scheme.

Q6. Does LIC FD double your money?

Not in a specific “double scheme”, but using the Rule of 72: at 6.90% p.a. compounded annually, your money will approximately double in about 10.4 years. By reinvesting your maturity proceeds at the end of a 5-year term into a fresh 5-year FD, you can effectively double your investment over roughly 10–11 years. There is no scheme that doubles money in 5–6 years at current rates.

Conclusion: Make Smarter Investment Decisions with the LIC FD Calculator

Planning your finances does not have to be complicated. The LIC fixed deposit monthly plan calculator takes all the guesswork out of the equation — giving you clear, accurate, and instant numbers based on the official LIC HFL Sanchay Public Deposit Scheme rates.

Whether you are a retiree looking for a steady monthly income, a salaried professional trying to build a passive income stream, or a parent planning for your child’s education fund — the LIC FD scheme has something valuable to offer. And with the calculator by your side, you can plan with confidence.

Here is a quick recap of what you have learned today:

• The LIC HFL Sanchay scheme is one of India’s most trusted corporate FD options
• Interest rates range from 6.50% to 6.90% p.a. (as of June 2025)
• Senior citizens get an additional +0.25% p.a. benefit
• The 5-year cumulative option gives the highest returns
• The LIC FD monthly income plan calculator handles all calculations instantly
• The “LIC FD double” concept works over ~10 years through reinvestment

Ready to see your numbers? Use the LIC fixed deposit monthly plan calculator above, enter your deposit details, and find out exactly how much you can earn — right now, in seconds.

If you found this guide helpful, feel free to share it with a family member or friend who is planning their investments. And if you have any questions, drop them in the comments below!