Earn interest up to 7.80% p.a. by investing in a PNB Housing Finance | FAA+ by CRISIL and AA by CARE

  • Overview
  • Fixed Deposit Calculator
  • Interest Rates and Charges

PNB Housing Finance FD Calculator

The PNB Housing Finance FD calculator can prove to be a major contributor to the most important FD-related decisions. It is a prerequisite to be prepared with the estimated values of your fixed deposit and the PNB Housing Finance fixed deposit calculator helps you do just that. Thereby assisting you in planning your finances better. 

 

The fixed deposit calculator can draw an approximate interest return and maturity amount on the basis of the deposit, the interest rates, the tenor and the type of fixed deposit to help you make the right call. Hence, if you want to create a fail-safe plan of saving through an FD, the PNB Housing Finance FD calculator can be a reliable tool for you.

 

Given below is a PNB Housing Finance FD calculator that can help you calculate potential values of a maturity amount earned from fixed deposit savings. 

Yearly Investment
Tenure
Yr
Interest Rate
%
Your Total Maturity Amount is
₹6,78,035
Maturity ₹6,78,035
Investment ₹3,75,000
Interest ₹3,03,035

How Can a PNB Housing FD Calculator Help You? 

A PNB Housing FD calculator can save you the time spent on doing manual calculations. Additionally, it can draw approximate calculations for you that can help you strategize your financial future and goals. Following are few of the many benefits of the PNB Housing Finance fixed deposit.

 

  • The PNB Housing FD calculator can help you draw a hypothesis for your potential fixed deposit by giving you an approximate maturity amount depending upon the interest rate, deposit amount, tenor and FD type. 

 

  • With the help of the PNB Housing Finance FD Calculator you can derive approximate values that can help you compare various interest rates, potential deposit amounts, tenor ranges and payout methods. 

 

  • The PNB Housing Finance FD calculator can help you strategize budgeting and saving tactics in order to help you efficiently plan your finances through automatic and instantaneous calculations. 

 

  • As a beginner in the world of finance, savings and investments, you can trust the PNB Housing Finance calculator to help you carry out complex calculations in a matter of seconds. 

 

  • The PNB Housing Finance FD calculator does not require you to pay any amount of money in order to use it. Additionally, you can calculate and compare FD variables with no limit on the number of times you use the calculator.

How Does PNB Housing FD Calculator Work?

An FD calculator can benefit you in multiple ways, hence, increasing its vitality in your financial planning. Therefore, it is crucial for you to understand how certain factors affect the PNB Housing Finance FD calculator and how values are drawn, through a deep understanding of the formulae.

 

  • Interest Rate

The interest rate is the percentage of returns that PNB Housing Finance will give you for investing and saving a certain amount with them. These interest returns are calculated on the basis of the percentage PNB HFL offers you, the amount you save with them, duration for which you commit a certain amount in an FD and the payout frequency you pick. The PNB Housing Finance FD calculator infers the maturity on the basis of the interest amount added to the amount you deposited.

 

  • Deposit Amount

The initial amount that you invest or save in an FD is called the deposit amount. This amount is the larger fraction to which your interest amount is added depending on other factors such as the tenor and type of payout frequency. Together, these factors determine the final maturity amount payable to you by PNB Housing Finance at the maturity date of your fixed deposit. 

 

  • Tenor

The duration for which you commit a certain amount of money in a fixed deposit is referred to as the tenor. The tenor and the type of FD determines the interest payout made on behalf of PNB Housing Finance, which adds to the deposit amount. All these factors accumulate into the maturity amount that is estimated by the PNB Housing FD calculator. 

 

  • FD Type

Two types of fixed deposits exist with regards to the payout frequency that you choose at the inception of your fixed deposit: Cumulative and Non-cumulative FDs. You can choose a non-cumulative FD that will bring about a total payout at the end of the tenor while the non-cumulative FDs assist payouts on a monthly, quarterly, half-yearly and annual basis. 

 

Now that the factors affecting fixed deposit calculations have been established, given below is a detailed breakdown of the formulae that are the crux of FD calculations. 

 

M = P + (P x r x t/100)

 

Here, ‘P’ stands for the principal deposit amount, ‘r’ for the interest rate and ‘t’ for the tenor of the FD.

 

P = ₹1,00,000

r = 10%

t = 5 years

 

Hence, M = 1,00,000 + (1,00,000 x 10 x 5/100)

 

M = ₹1,50,000

 

Upon estimating a simple interest calculation, let’s understand the PNB Housing FD calculator from a compounded interest formula, assuming the payout frequency to be a non-cumulative type. 

 

M = P + P [(1 + r/100)^(t) - 1]

 

P = ₹1,00,000

r = 10%

t = 1 year

 

Hence, M = ₹1,10,000

How to Use a PNB Housing FD Calculator? 

The PNB Housing Finance FD calculator is a convenient tool available online for you to seamlessly calculate your FD returns and savings. Here’s how you can use the PNB Housing Finance fixed deposit calculator.

  • Step 1: Insert Deposit Amount

Enter the deposit amount you would like to save through a PNB Housing Finance fixed deposit.

  • Step 2: Pick Tenor

Choose your preferred tenor in the form of years or months.

  • Step 3: Enter Interest Rate

Put in your interest rate before initiating the automatic calculation.

  • Step 4: Infer Interest and Maturity

The interest and maturity amount should be displayed on your screen. 

PNB Housing Fixed Deposit Calculation for 5 year

Given below is a detailed calculation of how your interest amount will compound over a period of 5 years of saving with a PNB Housing Finance FD. The following calculations are made with the help of the PNB Housing FD calculator with a deposit amount of ₹1 Lakh and interest rates of 7.55% to 7.80%. 

Year of Tenor

Interest Earned (Senior Citizens)

Interest Earned (Non-senior Citizens)

Maturity Amount (Senior Citizens)

Maturity Amount (Non-senior Citizens)

Year 1

₹7,800

₹7,550

₹1,07,800

₹1,07,550

Year 2

₹8,408.4

₹8,120.025

₹1,16,208.4

₹1,15,670.025

Year 3

₹9,064.25

₹8,733.08

₹1,25,272.65

₹1,24,403.11

Year 4

₹9771.26

₹9,392.43

₹1,35.043.91

₹1,33,795.54

Year 5

₹10,533.42

₹10,101.56

₹1,45,577.33

₹1,43,897.1

FAQ’s on PNB Housing Finance FD Calculator

  • ✔️How is the FD maturity amount calculated?

    The FD maturity amount is calculated using two formulae. Each formula represents a specific type of fixed deposit. Cumulative fixed deposits are calculated with the formula of M = P + (P x t x r / 100) and non-cumulative FDs use the compounding formula of M = P + P [(1 + r/100)^(t) - 1]. However, using these formulae to manually calculate the maturity amount can be very time consuming and hence, using the PNB Housing Finance FD calculator can be an instantaneous and automatic calculation tool for you.

  • ✔️Do PNB Housing Finance FDs offer monthly interest payouts?

    Yes, PNB Housing Finance FDs offer monthly payouts for FDs. You can opt between monthly, quarterly, half-yearly and yearly payouts under a non-cumulative fixed deposit.

  • ✔️Can a PNB Housing Finance calculator be used on any device?

    Yes, the PNB Housing Finance FD calculator can be used on any device, including mobile phones, a desktop computer, laptop, etc.

  • ✔️Can a person who doesn’t know much about FDs use this calculator?

    Even if you’re new to fixed deposits, calculating your interest returns and maturity amount can be made convenient, automatic and quick through the PNB Housing Finance FD calculator.

  • ✔️Is there a limit on the number of times I can use this calculator?

    No, there is no limit on the usage of the PNB Housing Finance fixed deposit calculator.

  • ✔️Is there a fee on using this calculator?

    There is no amount chargeable for using the PNB Housing Finance FD calculator. You can use it as many times as you wish without paying any fees.