PNB Housing Finance Fixed Deposit Rates

PNB Housing Finance Limited is among the top NBFCs across the country and offers multiple attractive options for an FD. With flexible tenors and competitive rates, the PNB Housing Finance Fixed Deposit is among the most secure options to earn stable returns.

With a rating of AA/Stable by CRISIL and CARE, fixed deposits from this NBFC are among the most secure investment options. These ratings indicate that you can earn steady returns and ensure security of investment. 

 

Moreover, with its hassle-free online application process, you can easily invest in this FD and capitalise on your savings.

 

The numerous features of PNB Housing Finance FD help you invest for diverse financial goals. Additionally, the interest rates go up to 8.15%, among the most competitive in the industry. This gives you the opportunity to secure better returns.

 

With different types of PNB Housing Finance FD schemes, you get the flexibility to invest as per your financial capacity and tailor it to your needs. Moreover, you can couple this with multiple interest payout options and receive regular cash inflows while ensuring your investment grows.

PNB Housing Finance FD rates go up to 7.85% per annum plus 0.25% for investors above the age of 60. Furthermore, the interest rates vary depending on the type of fixed deposit you choose. Below is a tabular overview of the returns from a fixed deposit of ₹5 Lakhs for different tenors. 

 

The table below shows the PNB Housing Finance interest rates and returns for non-senior citizen investors:

With an FD for ₹5 Lakhs, the returns from PNB Housing Finance FD interest rates for senior citizens are shown in the table provided below:

While you can earn higher fixed deposit rates on NBFC deposits, look at the table to understand the prevailing interest rates of popular banks.

Knowing FD interest rates is essential when you invest in a term deposit, as they directly impact your earnings. By using the online PNB Housing Finance FD calculator, you can compute your earnings before booking on Bajaj Markets.

 

This online tool is handy for choosing the right tenor to grow wealth. Enter the investment amount and different tenors to plan your investment within minutes. You can even compare the returns for different terms or FDs to choose the best one.

The PNB Housing Finance Fixed Deposit, can be primarily categorised into two types - cumulative and non-cumulative. Here is a brief overview of both: 

1. Cumulative Fixed Deposit

• Interest earnings are calculated annually and paid at the end of the tenor

• With annual compounding throughout the tenor and no payout at intervals, you can earn better returns

• Cumulative FDs generally offer a higher interest rate than non-cumulative FDs

• Minimum deposit amount of ₹10,000

 

2. Non-cumulative Fixed Deposit

• Interest rate earnings are calculated based on the interest payout selected at the time of investment

• The minimum deposit amount starts at ₹25,000

• Choose from monthly, half-yearly, quarterly, and yearly interest payouts

• In comparison to a cumulative FD, periodic interest payout may result in lower effective returns

   

Apart from these, you can choose from the following PNB Housing Finance Fixed Deposit types:

1. Joint Fixed Deposit

• Maximum of 3 account holders

• Interest is paid to the primary, i.e., the first account holder

• Payment at the end of the tenor is as per the terms mentioned while booking the FD

 

2. Corporate Fixed Deposit

• No maximum investment limit and a minimum deposit of ₹10,000

• The deposit can be made with an account payee cheque or RTGS

 

3. NRI Fixed Deposit

• The maximum investment tenor is of 3 years

• Repayment through credit in the depositor’s NRO account

• You cannot convert the interest earned or maturity amount to a foreign currency or currency of the residential area

• Subject to TDS deduction as per stipulated terms and conditions