New LIC FD Scheme 2026: The Truth About Turning ₹3 Lakh Into Monthly Income

As 2026 begins, many savers are trying to understand whether the new discussions around the LIC FD Scheme can really turn a small lump sum into a steady monthly income. Since several social media posts claim that a ₹3 lakh deposit can generate ₹6,566 every month, many people are confused. Because of this, it becomes important to check the real numbers through the official pages of LIC Housing Finance Ltd and the regulatory guidelines of the Reserve Bank of India, rather than relying on unverified online claims.

What the Term “LIC FD Scheme” Actually Means in 2026

Although LIC is known nationwide for insurance, it does not run bank-type fixed deposits. Instead, the popular term “LIC FD Scheme” usually refers to deposit products offered by LIC Housing Finance, which is an RBI-regulated NBFC. These include:

• Sanchay Public Deposit

• Green Deposit Program

• Corporate Deposit Options

Official deposit page:
https://www.lichousing.com/deposits/

Because these deposits behave like traditional FDs, many investors prefer them when they want stable and predictable returns.

Verified 2026 FD-Style Interest Rates from LIC Housing Finance

Since deposit interest changes occasionally, checking the official website is essential. As per the latest disclosures available in early 2026, LIC Housing Finance generally offers interest rates in a range close to:

Source (official):
https://www.lichousing.com/green-deposits/
https://www.lichousing.com/sanchay-public-deposit/

Even though these numbers look modest, they remain stable and guaranteed, which is why many low-risk investors choose them.

RBI’s Role: What the Central Bank Confirms and What It Does Not

Before trusting any claim, checking RBI guidelines becomes essential. According to RBI’s NBFC Acceptance of Public Deposits Directions, every deposit-taking NBFC must:

• Follow strict disclosure rules

• Maintain approved credit ratings

• Provide clear interest structures

• Follow precise premature withdrawal norms

RBI guideline reference:
https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=14383

However, RBI does not confirm any claim that a ₹3 lakh deposit in an LIC-linked scheme can produce ₹6,566 monthly. Therefore, the viral figure is not RBI-validated.

Can ₹3 Lakh Really Produce ₹6,566 Every Month?

Let’s analyze the numbers in a simple and transparent way.

The viral claim suggests:

₹3,00,000 → ₹6,566 every month (₹78,792 per year)

This equals 26 percent annual returns, which is far above any RBI-regulated fixed-income product. Because of this, the figure does not match any FD-style investment offered by LIC Housing Finance or by any regulated financial institution.

The Real Monthly Income from ₹3 Lakh (RBI-Checked)

To calculate the correct amount, let’s use the realistic LIC Housing Finance FD-style rate around 6.75 percent.

• Annual Interest: ₹3,00,000 × 6.75 percent = ₹20,250

• Monthly Payout (Non-Cumulative): ₹20,250 ÷ 12 = ₹1,687

Even if we consider a senior citizen rate around 7.15 percent:

• Annual Interest: ₹21,450

• Monthly Payout: ₹1,787

Truth:

₹3 lakh generates ₹1,650 to ₹1,800 per month, not ₹6,566.

This makes the viral claim mathematically impossible under any regulated LIC FD-style structure.

Why the False Figures Spread So Quickly

Many articles mix up:

• LIC Housing Finance’s FD-style deposits
  AND

• LIC’s guaranteed income insurance plans

Insurance plans calculate benefits using mortality cost, policy tenure, bonus structures, and age-based payout formulas. Because of this, some blog posts mistakenly connect those numbers to FD-style returns, although both products function completely differently.

Main Features of LIC FD Style Scheme in 2026

Fixed, Predictable Returns

Since rates remain locked throughout the tenure, monthly or yearly income remains stable.

Multiple Payout Choices

Investors may choose monthly, quarterly, or yearly payouts depending on personal cash-flow requirements.

Senior Citizen Advantage

Older investors often receive slightly higher interest rates, which helps increase monthly income.

RBI-Regulated Framework

Although there is no deposit insurance for NBFC deposits, RBI’s regulations ensure transparency and rating-based safeguards.

FD-Style Safety vs Bank FD Safety

Because safety is always a priority, it helps to compare the two:

Bank FD Safety

• Insured under DICGC up to ₹5 lakh

• Regulated by RBI under the Banking Regulation Act

LIC Housing Finance Deposit Safety

• Backed by LIC Group credibility

• Regulated under RBI NBFC rules

• Must maintain approved credit ratings

• No DICGC insurance

Therefore, although both are safe, bank FDs have the extra benefit of insurance.

Who Should Prefer the LIC FD Style Scheme

This option works well for:

• Retirees expecting predictable monthly income

• Individuals avoiding market volatility

• Homemakers managing fixed household budgets

• Senior citizens searching for stable payouts

Since the scheme follows a simple structure, it becomes easy for new investors to understand it.

Who Should Avoid This Scheme

Although this plan is safe, it may not suit everyone. You should reconsider if:

• You expect very high returns

• You want tax-free earnings

• You need short-term liquidity

• You prefer market-linked growth instruments

Because FD-style investments prioritize safety, they naturally deliver moderate returns.

How to Invest Step-by-Step

Anyone wanting to invest should follow these steps:

1. Visit: https://www.lichousing.com/deposits/

2. Check updated interest rates

3. Select cumulative or non-cumulative type

4. Enter amount and tenure

5. Complete the KYC section

6. Make the payment securely

7. Download deposit receipt for future records

Since LIC Housing Finance updates its pages frequently, checking official links becomes important before taking any financial decision.

Final Conclusion: Realistic Monthly Income on ₹3 Lakh

After checking official LIC Housing Finance pages, reviewing rate tables, and verifying all claims against RBI regulations:

Final Verified Income Range on ₹3 Lakh

₹1,650 to ₹1,800 per month (depending on tenure and rate)

What Is False

The viral claim of ₹6,566 per month does not match LIC or RBI-recognized FD-style numbers.

What Is True

LIC FD style deposits remain a safe, disciplined, and stable income option for low-risk investors.

As long as expectations remain realistic, this scheme can still help build calm, predictable, and long-term financial stability.

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