• PNB Housing Finance FD

    PNB Housing Finance's fixed deposit scheme interest rates range from 5.90% p.a. to 6.70% p.a. for tenures that range from one year to 10 years. Senior citizens are offered an additional interest rate of 0.25% p.a. for deposits of up to Rs.1 crore.

    Types of PNB Housing Finance Fixed Deposits

    The following are the different types of PNB Housing Finance fixed deposits:

    • PNB Housing Finance Cumulative Deposit
    • PNB Housing Finance Non-Cumulative Deposit
    • PNB Housing Finance Non-Resident Indians (NRIs) Fixed Deposit
    • PNB Housing Finance Corporate Deposit

    Features of PNB Housing Finance Term Deposit Scheme

    The following are the features of the PNB Housing Finance FD scheme:

    • High interest rates ranging from 5.90% p.a. to 6.70% p.a.
    • Highest term deposit rate: 6.70% p.a. for tenures ranging from 5 years up to 10 years
    • Range of maturities: 1 year to 10 years
    • Minimum deposit amount: Rs.10,000
    • Senior citizens get an additional interest rate of 0.25% p.a. for deposits of up to Rs.1 crore
    • Interest payment options: Monthly, quarterly, half-yearly or annual basis for non-cumulative deposit and annual basis for cumulative deposit
    • Premature withdrawal is allowed after 3 months from the deposit date
    • Auto-renewal facility available
    • Loan facility available of up to 75% of deposit amount
    • Joint fixed deposit can be opened with up to 3 holders

    PNB Housing Finance Term Deposit Interest Rates: Below Rs.2 Crore

    The term deposit interest rates for deposits below Rs.2 crore, for non-cumulative and cumulative deposits, are as given below:

    Fixed Deposit Interest Rates (up to Rs.5 crore)
    Tenure (Months) Cumulative Option ROI (p.a.) Non-Cumulative Option ROI (p.a.)
    Tenure ROI (p.a.) Tentative yield to maturity Monthly Quarterly Half Yearly Annual
    12 months to 23 months 5.90% 5.90% 5.74% 5.77% 5.81% 5.90%
    24 months to 35 months 6.15% 6.34% 5.98% 6.01% 6.05% 6.15%
    36 months to 47 months 6.60% 7.05% 6.40% 6.44% 6.49% 6.60%
    48 months to 59 months 6.60% 7.28% 6.40% 6.44% 6.49% 6.60%
    60 months to 71 months 6.70% 7.66% 6.50% 6.53% 6.59% 6.70%
    72 months to 84 months 6.70% 7.93% 6.50% 6.53% 6.59% 6.70%
    120 months 6.70% 9.13% 6.50% 6.53% 6.59% 6.70%

    Note: the interest rates mentioned in the table are effective from 28 November 2020.

    Eligibility Criteria for PNB Housing Finance FD Account

    • Individual citizens of India
    • Members of a Hindu Undivided Family (HUF)
    • Corporate entities

    Documents Required for Individuals to Apply for PNB Housing Finance FD

    The documents required to open an FD account with PNB Housing Finance are PAN card and Aadhaar.

    FAQs on PNB Housing Finance Fixed Deposit Scheme

    1. How do I deposit the amount for PNB Housing Finance FD?

      You can deposit the amount for PNB Housing Finance FD through a Cheque Management System (CMS), cheque, or through the net banking facility.

    2. What is the minimum deposit for PNB Housing Finance FD's Company Fixed Deposit?

      The Company or Corporate Fixed Deposit of PNB Housing Finance can be opened with a minimum deposit of Rs.10 lakh.

    3. What is the maximum tenure for PNB Housing Finance NRI fixed deposits?

      The maximum tenure for PNB Housing Finance Non-Resident Indians (NRI) fixed deposit is three years.

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