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. 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 a rating AA/Stable by CRISIL and CARE, PNB Housing Finance offers FDs with interest rates of up to 8.15% p.a. 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.
Tenor (months) |
Non-senior Citizens (p.a.) |
Senior Citizens (p.a.) |
12-22 |
7.45% |
7.75% |
24-35 |
7.00% |
7.30% |
36-47 |
7.85% |
8.15% |
48-59 |
7.40% |
7.70% |
60-71 |
7.65% |
7.95% |
72-84 |
7.40% |
7.70% |
120 |
7.40% |
7.70% |
Disclaimer: The above-mentioned interest rates are as of 11th March 2024, and are subject to change at the issuer’s discretion.
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 |
7.21% |
7.51% |
7.25% |
7.55% |
7.32% |
7.62% |
7.45% |
7.75% |
24-35 |
6.79% |
7.09% |
6.83% |
7.13% |
6.89% |
7.19% |
7.00% |
7.30% |
36-47 |
7.58% |
7.88% |
7.63% |
7.93% |
7.70% |
8.00% |
7.85% |
8.15% |
48-59 |
7.16% |
7.46% |
7.20% |
7.50% |
7.26% |
7.56% |
7.40% |
7.70% |
60-71 |
7.39% |
7.69% |
7.44% |
7.74% |
7.51% |
7.81% |
7.65% |
7.95% |
72-84 |
7.16% |
7.46% |
7.20% |
7.50% |
7.27% |
7.57% |
7.40% |
7.70% |
120 |
7.16% |
7.46% |
7.20% |
7.50% |
7.27% |
7.57% |
7.40% |
7.70% |
Disclaimer: The above-mentioned interest rates are as of 11th March 2024, and are subject to change at the issuer’s discretion.
These interest rates go up to 7.85% p.a. with senior citizens earning an additional 0.25% p.a. over the existing rates. 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. Keep in mind that the interest rates mentioned are applicable to non-senior citizens.
Tenor (in months) |
Interest Rates (p.a.) |
Returns on Maturity |
12-23 |
7.45% |
₹5,37,250 |
24-35 |
7.00% |
₹5,72,450 |
36-47 |
7.85% |
₹6,27,235 |
48-59 |
7.40% |
₹6,65,253 |
60-71 |
7.65% |
₹7,54,924 |
72-84 |
7.40% |
₹7,67,354 |
120 |
7.40% |
₹10,20,970 |
With an FD of ₹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 |
7.75% |
₹5,38,750 |
24-35 |
7.30% |
₹5,75,665 |
36-47 |
8.15% |
₹6,32,484 |
48-59 |
7.70% |
₹6,72,718 |
60-71 |
7.95% |
₹7,32,965 |
72-84 |
7.70% |
₹7,80,305 |
120 |
7.70% |
₹10,49,849 |
While you can earn higher fixed deposit rates on NBFC deposits, look at the table to understand the prevailing interest rates of banks:
Name of the Bank |
Interest Rates for Non-senior Citizens (p.a.) |
Interest rates for Senior Citizens (p.a.) |
Axis Bank |
3.00-7.00% |
3.50-7.75% |
Kotak Mahindra Bank |
2.75-7.40% |
3.25-7.90% |
HDFC Bank |
3.00-7.25% |
3.50-7.75% |
ICICI Bank |
3.00-7.20% |
3.50-7.75% |
IDFC Bank |
3.00-7.75% |
3.50-8.25% |
SBI |
3.00-7.00% |
3.50-7.50% |
Bank of Baroda |
4.25-7.25% |
4.75-7.75% |
YES Bank |
3.25-7.75% |
3.75-8.25% |
Punjab National Bank |
3.50-7.25% |
4.00-7.75% |
Union Bank of India |
3.50-7.25% |
4.00-7.75% |
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.
Here’s all you need to know about the eligibility criteria required for you to invest in this FD option:
Minimum Age: 18 years old
Documents: Hold valid KYC documents
Minimum Deposit Amount: ₹10,000
Visit our official website www.bajajfinservmarkets.in
Begin by entering your mobile number and date of birth
Explore the attractive interest rates offered by our various FD partners and select the one that best suits your needs
Choose your preferred partner, tenor, and interest payout frequency to maximize your gains
Upload your PAN card, Aadhaar card, and a selfie for swift processing of your application
Double-check your personal details like address, marital status, and email address to ensure accuracy
Enter your bank name, IFSC code, and account number securely for smooth investment
Appoint a nominee to ensure your loved ones are taken care of in the future
Make your online payment using your chosen method and start earning returns on your investment
The information provided by BFDL herein above is related to the 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. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. in the content mentioned hereinabove, as well as offers by the partnered Banks/ NBFCs. "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.”
Yes, returns from a PNB Housing Finance FD returns are subject to TDS deduction if they exceed the stipulated limits. For investors under 60 years of age(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.
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.
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.
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.
Yes, you may prematurely withdraw a 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.
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.