LIC Housing Deposit Rates

CUMULATIVE / NON-CUMULATIVE SCHEME

 

TERM	INTEREST RATE P.A.	Rs.10,000/- will become  (cumulative mode)
1 YEAR	9.60%	Rs. 10,983/-
18 MONTHS	10.00%	Rs. 11,576/-
2 YEARS	10.00%	Rs. 12,155/-
3 YEARS	10.00%	Rs. 13,401/-
5 YEARS	9.50%	Rs.15,905/-

                     

    Minimum Amount Deposit – Rs.10,000/-  Additional Deposit in multiples of Rs. 1,000/-

 

   Under Non-Cumulative Option: Interest payment half yearly on 30^th September and  

                                                           31^st March                                       

   Under Cumulative Option       :  Interest compounded Half Yearly

 

For Senior Citizens: 1. Additional Interest @ 0.10% p.a will be paid on Deposits up to Rs.50,000/- and

                                    2.  0.25% will be paid on Deposits for Rs.51,000/-  and above for all terms. 

 

Contact :
9818269396  | 9810269396 | 01204105997 | aditya.kachru@gmail.com | www.investorspleaselisten.blogspot.com

[Investors Please Listen] Fundamentals - February'09

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Revision in the rate of interest of HUDCO

HUDCO    W.E.F 26/02/2009

 

Period of Deposits (Months)	Revised Interest  rates(%)
12	9.00
24	9.00
36, 48 & 60	8.75
72 & 84	8.50

 

Interest compounded on quarterly basis

Additional interest rate of 0.25% is for Sr. Citizens in each rate slab

 

Contact : 9818269396   | aditya.kachru@gmail.com | www.investorspleaselisten.blogspot.com

[Investors Please Listen] Monday Market Monitor_Feb 23, 2009

Key Highlights Japan's GDP declined sharply in 4Q. A series of downside surprises now point to a contraction of global GDP in excess of 6% annualized in 4Q08. Global Equity markets declined 7.8% last week. News about nationalization of banks and Fed slashing economic growth projection hurt the US market sentiment.   The Sensex lost over 8% last week, the largest weekly fall since Oct 2008. The bond market was hurt as investors feared that the flood of dated securities in FY10 will not be absorbed by market. OMO purchase and rumours about rate cut brought in temporary relief. The INR depreciated vs USD driven by weak Indian stock markets prompting fears of capital outflows and strong USD. The outlook on base metals remains bearish as industrial production remains weak. Gold continues to be supported by massive ETF inflows.

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Monday Market Monitor_Feb 23, 2009

Key Highlights Japan's GDP declined sharply in 4Q. A series of downside surprises now point to a contraction of global GDP in excess of 6% annualized in 4Q08. Global Equity markets declined 7.8% last week. News about nationalization of banks and Fed slashing economic growth projection hurt the US market sentiment.   The Sensex lost over 8% last week, the largest weekly fall since Oct 2008. The bond market was hurt as investors feared that the flood of dated securities in FY10 will not be absorbed by market. OMO purchase and rumours about rate cut brought in temporary relief. The INR depreciated vs USD driven by weak Indian stock markets prompting fears of capital outflows and strong USD. The outlook on base metals remains bearish as industrial production remains weak. Gold continues to be supported by massive ETF inflows.

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Connect with friends all over the world. Get Yahoo! India Messenger.