PNB Housing Finance Fixed Deposit Rates 2023

Invest in Fixed Deposits today and get interest rates up to 7.95% p.a.*!

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Earn interest up to 7.95% p.a. by investing in a PNB Housing Finance | FAA+ by CRISIL and AA by CARE

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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.

About PNB Housing Finance FD

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 7.95%, 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 Cumulative FD Interest Rates

Tenor (months)

Interest rate for non-senior citizens (p.a.)

Interest rate for senior citizens (p.a.)

12-23

7.35%

7.60%

24-35

7.00%

7.25%

36-47

7.70%

7.95%

48-59

7.40%

7.65%

60-71

7.50%

7.75%

72-84

7.40%

7.65%

120

7.40%

7.65%

PNB Housing Finance Non-Cumulative FD Interest Rates

Tenor 

Monthly (p.a.)

Quarterly (p.a.)

Half-Yearly (p.a.)

Annual (p.a.)

Non-senior citizens

Senior citizens

Non-senior citizens

Senior citizens

Non-senior citizens

Senior citizens

Non-senior citizens

Senior citizens

12-23

7.11%

7.36%

7.15%

7.40%

7.22%

7.47%

7.35%

7.60%

24-35

6.79%

7.04%

6.83%

7.08%

6.89%

7.14%

7.00%

7.25%

36-47

7.44%

7.69%

7.49%

7.74%

7.56%

7.81%

7.70%

7.95%

48-59

7.16%

7.41%

7.20%

7.45%

7.26%

7.51%

7.40%

7.65%

60-71

7.25%

7.50%

7.29%

7.54%

7.26%

7.61%

7.50%

7.75%

72-84

7.16%

7.41%

7.20%

7.45%

7.27%

7.52%

7.40%

7.65%

120

7.16%

7.41%

7.20%

7.45%

7.27%

7.52%

7.40%

7.65%

PNB Housing Finance FD Returns Based on Different Tenors

PNB Housing Finance FD rates go up to 7.70% 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:

Tenor (in months)

PNB Housing Finance FD rates (p.a.)

Returns on Maturity 

12-23

7.35%

₹5,38,255

24-35

7.00%

₹5,77,746

36-47

7.70%

₹6,31,024

48-59

7.40%

₹6,89,945

60-71

7.50%

₹7,54,924

72-84

7.40%

₹8,26,688

120

7.40%

₹11,22,254

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:

Tenor (in months)

PNB Housing Finance FD rates (p.a.)

Returns on Maturity 

12-23

7.60%

₹5,41,045

24-35

7.25%

₹5,81,114

36-47

7.95%

₹6,36,547

48-59

7.65%

₹6,96,545

60-71

7.75%

₹7,62,606

72-84

7.65%

₹8,34,835

120

7.65%

₹11,32,843

Comparison of PNB Housing Finance Fixed Deposit Returns with Top Banks

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

Name of the Bank

Interest rates for non-senior citizens (%p.a.)

Interest rates for senior citizens (%p.a.)

Axis Bank

3.50%-7.26%

3.50%-8.01%

Kotak Mahindra Bank

2.75%-7.20%

3.25%-7.70%

HDFC Bank

3.00%-7.10%

3.50%-7.75%

ICICI Bank

3.00%-7.10%

3.50%-7.60%

IDFC Bank

3.50%-7.75%

4.00%-8.25%

SBI Bank

3.00%-7.10%

3.50%-7.60%

Bank of Baroda

3.00%-7.05%

3.55%-7.55%

YES Bank

3.25%-7.00%

3.75%-7.75%

Punjab National Bank

3.50%-7.25%

4.30%-8.05%

Union Bank of India

3.00%-7.25%

3.50%-7.75%

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.

Compare FD interest rates & calculate your returns with the Fixed Deposit Calculator! 

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Types of PNB Housing Finance FD Schemes

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

Features of the PNB Housing Finance FD

In addition to the competitive PNB housing finance fixed deposit rates, several features make this FD an excellent option. Here is a look at some of the top features you can enjoy while securing your financial future. 

1. High Safety and Credit Ratings

CRISIL and CARE provide NBFCs with ratings which signify the NBFC’s credit quality and safety. The PNB Housing Finance FD has a high AA/Stable rating from CRISIL and CARE, making it a secure and stable investment instrument. 

2. Longer Tenor

The PNB Housing Finance Fixed Deposit offers tenors ranging from 12 months to 120 months. This lets you choose a suitable investment duration depending on your financial goals. Moreover, a longer tenor allows higher wealth generation for your long-term aspirations. 

3. Easy Renewal

Once your FD is near maturity, you can choose between automatic renewal and withdrawal. In addition, you can give PNB Housing Finance a standing instruction to renew your FD automatically. Make sure you submit the deposit certificate and other documents and complete the renewal form. 

4. Eligibility Criteria

You can invest in PNB Housing Finance FD if you meet the eligibility criteria listed below: 

  • You should be 18 years old and a resident of India

  • You should have valid Know Your Customer (KYC) documents (Aadhaar card, PAN card, or Passport)

  • The minimum deposit amount is ₹10,000.

  • The tenor ranges from 12 to 120 months.

The following categories of individual and non-individual entities can invest in this FD. 

Indian-resident Individuals

  • Non-resident Indians

  • Associations

  • Firms

  • Co-operative Banks

  • Joint Investors

  • Trusts

  • Clubs

  • Co-operative Societies

  • Public/Private Ltd. Companies

At Bajaj Markets, you can easily compare and choose from the top fixed deposits available, including the PNB Housing Finance FD. With an end-to-end digital process, you can grow your wealth in just a few clicks!

Disclaimer : The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial investment advice or endorsement of any sort. The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products. 

FAQs on PNB Housing Finance FD Rates

  • ✔️Is TDS deducted on PNB Housing Finance FD returns?

    Yes, returns from a PNB Housing Finance FD returns are subject to TDS deduction if they exceed the stipulated limits. For investors under 60 (non-senior citizens), the limit is ₹40,000 in a financial year. This limit increases to ₹50,000 if you are a senior citizen investor.

  • ✔️Are the interest rates from PNB FD and PNB Housing Finance FD different?

    Yes, PNB Housing Finance FD rates differ from PNB fixed deposit rates as the former is an NBFC, and the latter is a bank. 

    PNB Housing Finance FD interest rates range between 6.79% - 7.95%. However, PNB offers interest rates between 3.50% to 8.05%.

  • ✔️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 tenor of your FD with PNB Housing Finance through the NBFC’s facility for auto-renewal.

     

  • ✔️Can I avail of a loan against my PNB Housing Finance fixed deposit?

    Yes, you may get a loan against your PNB Housing Finance Fixed Deposit. You can borrow up to 75% of your FD deposit amount.

     

  • ✔️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.