Enjoy competitive interest rates and a reliable investment avenue for your savings!
PNB Housing Finance is one of India's leading Non-banking Financial Companies (NBFCs), offering Fixed Deposits (FDs) with competitive interest rates and flexible tenure options. This makes it an attractive choice for investors seeking stable income and capital preservation. Here is a comprehensive overview of the cumulative interest rates offered by PNB Housing Finance fixed deposits.
Explore PNB Housing Finance FD interest rates for cumulative deposits. They offer attractive returns for both general and senior citizens across various tenures.
Tenure |
For General Citizens |
For Senior Citizens |
|
Interest Rate p.a. |
Interest Rate p.a. |
12-23 Months |
7.45% |
7.75% |
24-35 Months |
7.25% |
7.55% |
36-47 Months |
7.75% |
8.00% |
48-59 Months |
7.40% |
7.60% |
60 Months |
7.60% |
7.80% |
Senior citizens receive an additional 0.30% p.a. for tenures of 12-23 months and 24-35 months
Senior citizens receive an additional 0.20% p.a. for tenures of 36 months and above
Note: The interest rates mentioned are accurate as of 4th September 2024. These rates are subject to change at the NBFC’s discretion.
Check out PNB Housing Finance FD rates for non-cumulative deposits. Choose from monthly, quarterly, half-yearly, or annual payout options. These options are available for both general and senior citizens.
Tenure (Months) |
Monthly Rate of Interest |
Quarterly Rate of Interest |
Half-Yearly Rate of Interest |
Annual Rate of Interest |
||||
General Citizens |
Senior Citizens |
General Citizens |
Senior Citizens |
General Citizens |
Senior Citizens |
General Citizens |
Senior Citizens |
|
12 – 23 |
7.21% |
7.51% |
7.25% |
7.55% |
7.32% |
7.62% |
7.45% |
7.75% |
24 – 35 |
7.02% |
7.32% |
7.06% |
7.36% |
7.12% |
7.42% |
7.25% |
7.55% |
36 – 47 |
7.49% |
7.69% |
7.53% |
7.73% |
7.61% |
7.81% |
7.75% |
7.95% |
48 – 59 |
7.16% |
7.36% |
7.20% |
7.40% |
7.26% |
7.46% |
7.40% |
7.60% |
60 |
7.35% |
7.55% |
7.39% |
7.59% |
7.46% |
7.66% |
7.60% |
7.80% |
Senior citizens receive an additional 0.30% p.a. for tenures of 12-23 and 24-35 months
Senior citizens receive an additional 0.20% p.a. for tenures of 36 months and above
Note: The interest rates mentioned are accurate as of 4th September 2024. These rates are subject to change at the NBFC’s discretion.
The PNB Housing Finance fixed deposit interest rates go up to 8.00% p.a. Senior citizens are offered an additional 0.30% or 0.20% p.a. over existing rates depending on the tenure. The expected returns vary based on the type of PNB Housing Finance fixed deposit you choose.
Below is a tabular overview of the returns from a fixed deposit of ₹5 Lakhs for different tenures. Keep in mind that the interest rates mentioned are applicable to non-senior citizens.
Tenure (Months) |
Interest Rates (p.a.) |
Expected Returns on Maturity |
12 |
7.45% |
₹5,37,250 |
24 |
7.25% |
₹5,75,128 |
36 |
7.75% |
₹6,25,492 |
48 |
7.40% |
₹6,65,253 |
60 |
7.60% |
₹7,21,160 |
72 |
7.40% |
₹7,67,354 |
120 |
7.40% |
₹10,20,970 |
Note: The above table is for illustrative purposes only and the figures are indicative. Your actual may vary depending on the NBFC’s policies.
While NBFCs often offer higher PNB Housing Finance fixed deposit rates, it’s crucial to compare them with bank rates to ensure the best returns. Refer to the table for current fd interest rates across various institutions.
Bank / NBFC |
Interest Rates for General Citizens (p.a.) |
Interest Rates for Senior Citizens (p.a.) |
Bajaj Finance Ltd. |
7.40% to 8.40% |
7.65% to 8.65% |
Shriram Finance Limited |
7.59% to 8.80% |
8.09% to 9.30% |
Mahindra Finance Ltd. |
7.50% to 8.10% |
7.75% to 8.35% |
Ujjivan Small Finance Bank |
3.75% to 8.25% |
4.25% to 8.75% |
YES Bank |
3.25% to 8.00% |
3.75% to 8.50% |
Know your FD interest rates when investing; they directly impact your earnings. The online FD calculator on Bajaj Markets helps you choose the right tenure to grow your wealth. Enter your investment amount, interest rate, and tenure to plan your investments in minutes. You can compare FDs from banks and NBFCs on Bajaj Markets to find the best option for your needs.
Features of the PNB Housing Finance FD
Here are the features that make PNB Housing Finance FD a secure investment option:
High Safety and Credit Ratings
PNB Housing Finance FD is rated AA/Positive by CRISIL and AA/Stable by CARE, ensuring a secure investment.
Flexible Tenures
Choose tenures from 12 to 120 months to align with your financial goals.
Attractive Interest Rates
Benefit from competitive interest rates for both the general public and senior citizens.
Flexible Payout Options
Select from various payout frequencies, including monthly, quarterly, half-yearly, and annually.
Loan Against FD
Access a loan against your FD without breaking the deposit.
To open an FD account, you must meet certain eligibility criteria:
Applicants must be at least 18 years old
The minimum deposit amount for opening an FD is ₹10,000
Eligible applicants include individuals, associations, firms, and joint investors
To open an FD, provide the required documents to complete the application:
PAN card and Aadhaar card for KYC verification
Follow these steps to open your PNB Housing Finance FD on Bajaj Markets:
Click on ‘Open an FD’
Enter your mobile number and date of birth to begin
Explore FD interest rates and choose the best option
Select your preferred partner, tenure, and payout frequency
Upload your PAN card, Aadhaar card, and a selfie for quick processing
Double-check your personal details for accuracy
Securely enter your bank details for smooth transactions
Appoint a nominee to protect your investment
Complete your payment online and start earning returns
Frequently Asked Questions
Is TDS deducted on PNB Housing Finance FD returns?
Yes, TDS is deducted on PNB Housing Finance FD returns. It applies if the interest exceeds ₹40,000 for non-senior citizens or ₹50,000 for senior citizens in a financial year.
What are the benefits of investing in PNB Housing Finance FD for senior citizens?
A key benefit for senior citizens is the additional interest rates. PNB Housing Finance FD rates for senior citizens are 0.25% higher than non-senior citizen investors.
What is the difference between an NRI and an NRO account?
One can open an NRI account at any financial institution authorised by the Reserve Bank of India by an NRI or a person of Indian origin. In contrast, an NRI can open an NRO account to manage finances in India and transfer foreign funds to India.
What is the difference between a cumulative and a non-cumulative FD?
A cumulative FD allows you to get your principal amount and the interest earned at the end of your chosen tenor. However, a non-cumulative FD allows you to receive regular payouts. You can choose between monthly, quarterly, half-yearly or annual interest earnings.
Is premature withdrawal of PNB Housing Finance FD allowed?
Yes, you may prematurely withdraw a PNB Housing Finance FD.
Can I extend my PNB Housing Finance FD?
Yes, you can extend the tenure with PNB Housing Finance through the NBFC’s facility for the auto-renewal of your FD.
Is there a nomination facility in the PNB Housing Finance FD?
Yes, the PNB Housing Finance FD provides you with a nomination facility. In case of the demise of the FD holder, the company will automatically transfer the ownership of the FD savings and its returns to a nominee. So, make sure you assign a nominee when booking your FD.
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