PNB Housing Finance invites fresh applications for Fixed Deposit that offers the highest safety and highly competitive interest rates to ensure that your money grows consistently with us.
To give you a brief about our Organisation,
PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016.
With over three decades of specialised experience in housing finance, PNB Housing has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.
PNB Housing Finance Ltd. is a Leading HFC in India; 2nd largest by deposit book size (INR 17,383 Crore as on 30th September 2021).
Key highlights of PNB Housing Finance Ltd. Fixed Deposit scheme:
- Rating of fixed deposit – Highest Safety Rating – “CRISIL FAA+”
- This rating indicates that the degree of safety regarding timely payment of interest and principal is very high.
- Various tenures range from 12 months to 120 months.
- Product Range – Monthly/ Quarterly/ Half-yearly/ Annual Income Schemes.
- Widespread branch and service network
- Additional 0.25% interest to Senior Citizens.
PNB Housing offers a Corporate Deposit scheme for Body Corporates, Private/Public Limited Companies, Corporations, Statutory Board, Local Authorities, and other Banks & Financial Institutions
Current interest rates for various deposit options are annexed for your ready reference.
Rate of Interest Chart: Regular Deposit up to ₹5 Crore
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Tenure (Months) | Cumulative Option* ROI (p.a.) | Non-Cumulative Option ROI (p.a.) | ||||||
ROI | Tentative yield to maturity | Monthly | Quarterly | Half Yearly | Annual | Fixed Deposit Schemes |
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12 - 23 | 5.75% | 5.75% | 5.60% | 5.63% | 5.66% | 5.75% | Individual Schemes |
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24 - 35 | 6.15% | 6.34% | 5.98% | 6.01% | 6.05% | 6.15% | Joint Schemes |
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36 - 47 | 6.60% | 7.05% | 6.40% | 6.44% | 6.49% | 6.60% | Senior Citizens Schemes |
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48 - 59 | 6.70% | 7.40% | 6.50% | 6.53% | 6.59% | 6.70% | Term Deposits |
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60 - 71 | 6.85% | 7.85% | 6.64% | 6.68% | 6.73% | 6.85% |
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72 - 84 | 6.85% | 8.14% | 6.64% | 6.68% | 6.73% | 6.85% |
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120 | 6.85% | 9.40% | 6.64% | 6.68% | 6.73% | 6.85% |
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* For cumulative option, the interest rate is compounded annually on March 31st
# The tentative yield to maturity is mentioned for the lowest tenure of the specific grid.
