India’s largest life insurance company, LIC, has introduced its much-awaited LIC senior citizen FD plan, specially designed to cater to the financial needs of the elderly. With attractive interest rates and flexible tenures, the LIC New FD Scheme 2025 aims to provide guaranteed returns and peace of mind to senior investors looking for a safe, government-backed investment.
Amid rising inflation and volatile markets, this scheme offers a dependable source of income to individuals aged 60 and above. It complements retirement savings while offering better returns than many traditional fixed deposits. With an easy application process and secure structure, this FD plan is a smart choice for retirees and pensioners.
Key Features of LIC Senior Citizen FD Plan
The LIC senior citizen FD plan is crafted with flexibility, safety, and higher returns in mind. It allows senior citizens to deposit their savings in fixed tenure plans that yield predictable interest over time. The LIC New FD Scheme 2025 has introduced a special interest rate benefit of 0.5% above the regular rate for all senior citizens.
Here are the main features:
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Applicable only for individuals aged 60 years and above
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Higher interest rates (up to 8.25% per annum)
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Tenure options ranging from 1 year to 5 years
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Quarterly, half-yearly, or annual interest payout options
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Minimum deposit starts at ₹10,000
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Loan and premature withdrawal facility available
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Nomination and auto-renewal facility included
With these advantages, the LIC New FD Scheme 2025 offers both capital safety and income certainty, making it ideal for post-retirement financial planning.
LIC FD Scheme 2025 – Interest Rates and Tenure
One of the most attractive aspects of the LIC senior citizen FD plan is the enhanced interest rate for seniors. The scheme rewards long-term deposits with even better rates, especially for those choosing a five-year plan.
Here’s a detailed look at the interest structure:
| Tenure | Regular Rate | Senior Citizen Rate (2025) |
|---|---|---|
| 1 Year | 6.75% | 7.25% |
| 2 Years | 7.00% | 7.50% |
| 3 Years | 7.25% | 7.75% |
| 5 Years | 7.75% | 8.25% |
These rates make the LIC New FD Scheme 2025 highly competitive when compared to fixed deposits from leading public and private sector banks.
Eligibility and Application Process
To benefit from the LIC senior citizen FD plan, individuals must meet the age and documentation requirements set by LIC. The process is simple and can be done online or by visiting the nearest LIC branch.
Eligibility:
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Must be 60 years or above (as of the date of deposit)
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Indian resident (Non-Resident Indians not eligible for this scheme)
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PAN card, Aadhaar card, and address proof required
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LIC policyholders get faster processing if linked with the same customer ID
How to apply for the LIC New FD Scheme 2025:
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Visit the official LIC website or your nearest LIC branch
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Fill out the Fixed Deposit application form
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Choose deposit amount, tenure, and payout frequency
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Submit KYC documents and make payment
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Collect the deposit receipt and interest schedule
Senior citizens can also nominate a family member or opt for auto-renewal at maturity.
Benefits of LIC’s FD Plan Over Bank FDs
The LIC senior citizen FD plan provides several benefits that make it more favorable than standard bank FDs. LIC, being a government-backed institution, offers both trust and reliability along with customer support across India.
Benefits include:
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Government-backed safety assurance
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Higher interest rates than most banks
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Customizable interest payout frequency
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Option to take loans against deposit
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Easy online monitoring and renewal
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Dedicated customer support for senior citizens
The LIC New FD Scheme 2025 not only protects savings but also offers steady income — a perfect blend for retirees looking to maintain their lifestyle.
Conclusion
The LIC senior citizen FD plan is a smart and safe investment for those looking for fixed returns and low risk. With increased interest rates under the LIC New FD Scheme 2025, this deposit plan is tailored for the financial well-being of senior citizens. Whether you’re planning for medical expenses, daily living, or family support, this FD plan offers the security and returns needed in retirement years. Interested individuals are encouraged to apply soon to lock in the favorable rates before any revisions.
FAQs
What is the minimum investment required for LIC’s senior citizen FD plan?
You can invest a minimum of ₹10,000 in the LIC senior citizen FD plan, and it must be in multiples of ₹1,000.
What is the interest rate for 5 years under the LIC New FD Scheme 2025?
Senior citizens will receive an interest rate of 8.25% annually under the LIC New FD Scheme 2025 for a 5-year tenure.
Can I withdraw the FD before maturity?
Yes, premature withdrawal is allowed under the LIC senior citizen FD plan, although certain penalty charges may apply.
Are interest payouts available monthly?
Yes, you can choose monthly, quarterly, half-yearly, or annual interest payouts in the LIC New FD Scheme 2025.
Is LIC FD safer than a bank FD?
Yes, the LIC senior citizen FD plan is backed by the Government of India, making it one of the safest fixed return investment options.
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