Bank RD Comparison Tool
Sundaram Finance vs LIC Housing Finance Limited Recurring Deposit Comparison 2026
Compare Recurring Deposit interest rates, maturity amounts, and features between Sundaram Finance (Private Sector) and LIC Housing Finance Limited (Private Sector).
Sundaram Finance
Private Sector
VS
LIC HFL
Private Sector
Sundaram Finance: Min ₹100
LIC HFL: Min ₹0
DICGC Insured up to ₹5 Lakhs
Compare Your RD Returns
Adjust the parameters below to see how returns compare between the two banks
₹
Five Thousand rupees
₹100₹50,000
years
1 year10 years
Interest Rate Comparison
Interest Rates by Tenure
General rates across different tenures
Current selection: 3 years (1095 days) -Sundaram Finance: % |LIC HFL: %
Side-by-Side Rate Comparison
Direct comparison of general rates
Sundaram Finance
LIC HFL
Highlighted = Your selected tenure
Feature Comparison
Features | Sundaram Finance Private Sector | LIC HFL Private Sector |
|---|---|---|
Minimum RD Amount | ₹100 | ₹0 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Sundaram Finance
Private Sector Bank
Key Advantages:
NBFC with competitive FD rates
Senior citizens get +0.50% additional interest
Digital FD booking available
Loan against FD: Up to 75% of deposit value (minimum 3 months tenure)
Flexible interest payout options
Rates effective from 01.07.2025
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: Recurring 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 includes both principal and accrued interest for RDs.
⚠️ Recommendation:
Keep your total deposits (RDs + FDs + Savings) under ₹5 lakhs per bank. If you need larger investments, distribute them across multiple banks.
Smart Distribution Strategy
Multiple RDs: Open RDs in both Sundaram Finance and LIC HFL
Family Accounts: Use different family members' accounts for additional coverage
💡 Pro Tip:
RDs are perfect for goal-based investing. You can open separate RDs for different financial goals across different banks to maximize returns and safety.
Key Insights & Recommendations
Choose Sundaram Finance If:
- • Minimum amount: ₹100
- • Private Sector banking preference
- • NBFC with competitive FD rates
- • Senior citizens get +0.50% additional interest
- • Digital FD booking available
Choose LIC HFL If:
- • Minimum amount: ₹0
- • 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:
- • Open multiple RDs for different goals
- • Keep ≤₹5L per bank for insurance
- • Compare rates before investing
- • Consider branch convenience
- • Review rates periodically
Explore more RD comparisons
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Compare LIC HFL with other banks
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