Bank FD Comparison Tool
IDFC First Bank vs LIC Housing Finance Limited Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between IDFC First Bank (Private Sector) and LIC Housing Finance Limited (Private Sector).
IDFC First
Private Sector
VS
LIC HFL
Private Sector
IDFC First: Min ₹10,000
LIC HFL: Min ₹25,000
DICGC Insured up to ₹5 Lakhs
Compare Your FD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Lakhs rupees
₹25,000₹20,00,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -IDFC First: % |LIC HFL: %
Side-by-Side Rate Comparison
Direct comparison of general rates
IDFC First
LIC HFL
Highlighted = Your selected tenure
Feature Comparison
Features | IDFC First Private Sector | LIC HFL Private Sector |
|---|---|---|
Minimum FD Amount | ₹10,000 | ₹25,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
IDFC First Bank
Private Sector Bank
Key Advantages:
Private sector bank with digital-first approach
Competitive FD rates up to 7.5% for senior citizens
Premium rates on select tenures (450 days - 2 years)
No penalty on premature RD closure for senior citizens
No penalty for missing RD installments
Senior citizens get +0.50% additional interest
Online account opening and FD booking
LIC Housing Finance Limited
Private Sector Bank
Key Advantages:
Housing Finance Company (HFC) with competitive FD rates
Senior citizens get +0.50% additional interest
Trusted brand backed by LIC
Digital FD booking available
Loan against FD facility
Flexible interest payout options
Minimum deposit: ₹25,000
Maximum deposit: ₹2 Crore
Important: Fixed Deposit Safety & Insurance Coverage
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between IDFC First (₹5L) + LIC HFL (₹5L)
For ₹15 lakhs: Add a third bank to the mix
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
Choose IDFC First If:
- •Minimum amount: ₹10,000
- •Private Sector banking preference
- •Private sector bank with digital-first approach
- •Competitive FD rates up to 7.5% for senior citizens
- •Premium rates on select tenures (450 days - 2 years)
Choose LIC HFL If:
- •Minimum amount: ₹25,000
- •Private Sector banking preference
- •Housing Finance Company (HFC) with competitive FD rates
- •Senior citizens get +0.50% additional interest
- •Trusted brand backed by LIC
Best Strategy:
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Compare rates before investing
- •Consider branch convenience
- •Review rates periodically
Explore more FD comparisons
Looking for a different bank matchup? Use these quick links to jump to other FD comparisons.
Compare IDFC First with other banks
Compare LIC HFL with other banks
Ready to Invest in Fixed Deposits?
Use our individual bank calculators for detailed planning