Earn interest up to 8.10% 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 Limited is an NBFC that offers attractive interest rates ranging between 6.57% and 7.55% for tenors of up to 10 years. They also offer an additional 0.25% on the PNB Housing Finance FD interest rates for senior citizens. Credit ranking agencies such as CRISIL and CARE have ranked PNB Housing Finance with a FAA+ and AA respectively. An FAA+ rating implies that the NBFC has the discipline of initiating interest payouts on time and efficiently carrying out principal repayment. An AA rating indicates that the NBFC has a high degree of safety with the least credit risk involved. 

PNB Housing Finance Fixed Deposit Interest Rates

PNB Housing Finance FD rates start at 6.57% and go all the way up to 7.55% with an additional 0.25% hike for senior citizens. Furthermore, depending on the type of FD you choose, the interest rates will vary. 

  • PNB Housing Finance FD Rates from ₹25,000 to ₹5 Crores for Non-Senior Citizen 

PNB Housing Finance FDs are available in both cumulative and non-cumulative options. PNB Housing Finance FD rates for cumulative FDs begin at 6.57% and go up to 7.55% for Non-senior citizens. 

 

The table below shows the PNB Housing Finance FD rates for cumulative FDs of up to ₹5 Crores for Non-Senior Citizens: 

Tenor

Interest Rate

12-23 months 

7.00%

24-35 months

6.80%

36-47 months

7.55%

48-59 months

7.40%

60-71 months

7.40%

72-84 months

7.40%

120 months

7.40%

Disclaimer: The aforementioned PNB Housing Finance FD rates are valid as of 07/10/2022.

  • PNB Housing Finance FD Rates from ₹25,000 to ₹5 Crores for Senior Citizens

PNB Housing Finance fixed deposit rates for Senior citizens entails a 0.25% increase starting at an interest rate of 6.82% and going up to 7.80%. 

 

PNB Housing Finance FD rates for up to ₹5 Crores for Senior Citizens is shown in the table provided below: 

Tenor

Interest Rate

12-23 months 

7.25%

24-35 months

7.05%

36-47 months

7.80%

48-59 months

7.65%

60-71 months

7.65%

72-84 months

7.65%

120 months

7.65%

Disclaimer: The aforementioned PNB Housing fixed deposit rates are valid as of 07/10/2022.

  • PNB Housing Finance Fixed Deposit Interest Rates for Non-Cumulative Deposits for Non-Senior Citizens 

Under non-cumulative fixed deposits the PNB Housing Finance interest rates for Non-Senior Citizens are as follows: 

Tenor

Monthly 

Quarterly 

Half Yearly 

Annual

12-23 months 

6.78%

6.82%

6.88%

7.00%

24-35 months

6.57%

6.63%

6.69%

6.80%

36-47 months

7.30%

7.34%

7.41%

7.55%

48-59 months

7.16%

7.20%

7.26%

7.40%

60-71 months

7.16%

7.20%

7.27%

7.40%

72-84 months

7.16%

7.20%

7.27%

7.40%

120 months

7.16%

7.20%

7.27%

7.40%

Disclaimer: The aforementioned PNB Housing Finance FD rates are valid as of 07/10/2022.

  • PNB Housing Finance Fixed Deposit Interest Rates for Non-Cumulative Deposits for Senior Citizens 

The PNB Housing Finance FD rates for Senior citizens for Non-cumulative fixed deposits are given below: 

Tenor

Monthly 

Quarterly 

Half Yearly 

Annual

12-23 months 

7.03%

7.07%

7.13%

7.25%

24-35 months

6.82%

6.88%

6.94%

7.05%

36-47 months

7.55%

7.59%

7.66%

7.80%

48-59 months

7.41%

7.45%

7.51%

7.65%

60-71 months

7.41%

7.45%

7.52%

7.65%

72-84 months

7.41%

7.45%

7.52%

7.65%

120 months

7.41%

7.45%

7.52%

7.65%

Disclaimer: The aforementioned PNB Housing Finance FD rates are valid as of 07/10/2022.

  • PNB Housing Finance NRI Fixed Deposit Interest Rates of Deposits from ₹25,000 to ₹5 Crores

PNB Housing Finance NRI Fixed Deposits have a maximum tenor of 36 months. Payment of the principal amount as well as the interest earned will be credited to the NRO account held by the depositor. NRI Fixed Deposits of PNB Housing Finance follow the RBI regulation of non-repatriation wherein the principal amount and the interest earned on it are non-transferable to the resident country nor can they be converted to foreign currency. In addition, there will be a deduction of tax at the source as per income tax slabs. 

 

The PNB Housing Finance FD rates for NRI Fixed Deposits are as follows: 

Tenor

Interest Rate

12 months 

7.00%

24 months

6.80%

36 months 

7.55%

Special FD Interest Rates of PNB Housing Finance Fixed Deposit

PNB Housing Finance offers special FD interest rates to senior citizens. There is a 0.25% hike on the existing PNB Housing Finance FD rates giving senior citizens interest rates of up to 7.80% to assist them in their days of retirement.

FAQs About PNB Housing Finance FD Interest Rates

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

    Yes, the tax is deducted at source on the PNB Housing Finance FD returns. Tax is applicable if the interest earned is more than ₹5,000 in a financial year. 

  • ✔️Are PNB Housing Finance FD rates & PNB FD rates different?

    Yes, the PNB Housing Finance FD rates are different from PNB FD rates as the former is an NBFC and the latter is a bank. PNB Housing FD rates range between 6.57% to 7.55% for tenors of upto 10 years whereas PNB offers interest rates between 4.75% to 6.25% for tenors of up to 10 years.

  • ✔️What are the benefits of investing in PNB Housing Finance FD for senior citizens?

    Senior citizens enjoy an additional 0.25% on the PNB Housing FD interest rate by investing in a PNB Housing Finance FD. 

  • ✔️What is the difference between an NRI and an NRO account?

    An NRI account is an account opened at a financial institution that is authorised by the Reserve Bank of India by an NRI or a person of Indian origin. An NRO account is an account opened by an NRI to manage finances in India as well as 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 as well as the interest earned at the end of your chosen tenor, whereas a non-cumulative FD gives you the opportunity to receive regular payouts on a monthly, quarterly, half- yearly or annual basis.