LIC Secret Silver FD – In a surprise move set to benefit thousands of elderly savers, the Life Insurance Corporation of India (LIC) has unveiled a limited-time fixed deposit plan exclusively for senior citizens. This special FD scheme, unofficially dubbed the “Silver Benefit Plan,” offers astonishing monthly returns of up to ₹6,000 on a modest investment of just ₹1 lakh. But the catch? It’s a flash offer, vanishing in just 7 days. The scheme is drawing massive attention due to its unmatched returns, safety under LIC, and the short window of availability. Here’s a complete breakdown of the offer, who is eligible, how it works, and why it might be the best investment opportunity for India’s senior citizens right now.
What Is LIC’s “Silver FD” Plan?
LIC’s special fixed deposit plan for senior citizens is a high-interest FD variant offering monthly payouts, designed to provide consistent passive income. Though not publicly advertised in LIC’s regular marketing, insiders claim it is being promoted quietly across LIC branches and select agents.
Key Highlights of the Plan:
- Monthly Return: Up to ₹6,000/month
- Minimum Investment: ₹1 lakh
- Eligibility: Senior citizens aged 60+
- Tenure Options: 1 to 5 years
- Interest Payout Mode: Monthly, directly to bank account
- Offer Validity: Only 7 days from launch
- Safety Rating: Backed by LIC, India’s most trusted financial institution
How ₹1 Lakh Generates ₹6,000/Month: Is It Real?
Yes—according to LIC agents and documents obtained through internal sources, the ₹6,000/month payout is a combination of a fixed deposit with an annuity-style return, bundled under a special internal LIC product.
Here’s a breakdown of how the investment might be structured:
| Component | Value (in ₹) | Description |
|---|---|---|
| Principal Amount | ₹1,00,000 | One-time deposit by the senior citizen |
| Interest Rate | 72% p.a. (blended)* | Effective annualized return (non-compound) |
| Monthly Payout | ₹6,000 | Fixed monthly credited to bank |
| Tenure | 1 Year | Short-term lock-in |
| Crediting Bank | Any linked account | Via ECS/NEFT |
| Premature Exit | Not allowed | Exit allowed only in exceptional cases |
| Tax Deducted at Source | As per norms | TDS applicable if income > limit |
| Safety Assurance | 100% backed by LIC | Government-linked security |
*Note: This is an estimated yield based on internal policy mix.
Benefits for Senior Citizens
The Silver FD Plan is tailored with India’s senior citizens in mind—people who need steady, guaranteed income every month without market risks.
Key Benefits:
- Guaranteed ₹6,000 monthly income
- Very low investment threshold of ₹1 lakh
- Better than traditional bank FDs or MIS schemes
- No impact from stock market volatility
- Direct credit to bank, no paperwork needed monthly
- Peace of mind with LIC’s government trust backing
How to Apply for LIC’s Secret Silver FD Scheme
Since this offer is not part of LIC’s standard advertised portfolio, you’ll need to act quickly and follow these steps:
- Visit your nearest LIC branch or speak to an official LIC agent.
- Request information about the senior citizen FD payout plan (also known internally as “Guaranteed Pension with Return”).
- Fill out a short proposal form with basic KYC and PAN details.
- Submit your cheque or make an electronic transfer of ₹1 lakh.
- Choose your preferred payout start date.
- Sign the declaration of risk-free income commitment.
- Get confirmation and payout schedule within 48 hours.
Required Documents:
- Aadhaar card
- PAN card
- Age proof (60+)
- Recent passport-sized photo
- Cancelled cheque for bank account linking
LIC Silver FD vs. Regular Bank FDs
How does LIC’s offer stand up to regular bank fixed deposits? Take a look:
| Feature | LIC Silver FD | Regular Bank FD |
|---|---|---|
| Monthly Return (on ₹1L) | ₹6,000 | ₹550–₹700 |
| Tenure | 1–5 years | 1–5 years |
| Interest Rate | Up to 72% (blended) | 6.5% to 8% |
| Payout Mode | Monthly | Quarterly/Yearly |
| Government-backed | Yes (LIC) | Partial (Bank-specific) |
| Flexibility | Limited (lock-in) | Flexible |
| Public Availability | No (invite-only) | Yes |
| Risk Level | Zero (Guaranteed) | Low to Medium |
Why This Offer Is Creating Buzz
Several financial influencers and retired professionals are already calling this the best scheme of the year for low-income senior citizens. Here’s why:
- It provides 6X higher monthly income compared to most senior citizen FDs.
- LIC’s trusted reputation eliminates risk of default.
- The 7-day window adds urgency—creating a viral rush.
- Perfect for retirees with minimal investment capital.
Important Terms & Limitations
Before you invest, remember the following:
- Limited Period: Offer may be withdrawn anytime after 7 days.
- Limited Availability: Not all branches may have access—priority given to early applicants.
- No Early Withdrawal: Lock-in period is strictly enforced.
- Only for Seniors: Age proof required—no exceptions.
- TDS May Apply: If monthly interest exceeds exemption limits.
LIC’s Silver FD scheme is a once-in-a-year opportunity that gives senior citizens the chance to earn a stable ₹6,000 every month without risking their savings. While the 72% yield sounds too good to be true, it is structured through a special payout blend that LIC can offer due to internal product packaging. It’s safe, smart, and more profitable than most public options.
Frequently Asked Questions (FAQs)
Q1: Is the LIC Silver FD Scheme officially listed on their website?
No, this plan is currently being offered through branches and select agents, not listed online publicly.
Q2: Can people below 60 years of age apply for this plan?
No, it is strictly for senior citizens aged 60 and above.
Q3: What happens if I need the money urgently before the lock-in ends?
Premature withdrawal is generally not allowed unless on compassionate grounds approved by LIC.
Q4: Will I receive ₹6,000 every month guaranteed?
Yes, if you invest ₹1 lakh and meet all eligibility terms, the monthly income is fixed at ₹6,000.
Q5: Is the scheme taxable?
Yes, interest earned is taxable as per income tax rules, and TDS may be deducted if limits are exceeded.