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.

PNB Housing Finance Cumulative FD Interest Rates

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.

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

7.21%

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. 

PNB Housing Finance FD Returns Based on Different Tenors

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

Comparison of PNB Housing Finance Fixed Deposit Returns with Banks

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.

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

  • 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

  • Deposit can be made with an account payee cheque or RTGS

3. NRI Fixed Deposit

  • Maximum investment tenor is 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

Read More

Features of the PNB Housing Finance FD

High Safety and Credit Ratings

The PNB Housing Finance FD has a high AA/Stable rating from CRISIL and CARE, making it a secure and stable investment instrument

Longer Tenor

The PNB Housing Finance Fixed Deposit offers tenors ranging from 12 months to 120 months, allowing higher wealth generation for your long-term aspirations

Easy Renewal

Once your FD is near maturity, you can choose between automatic renewal and withdrawal

Eligibility Criteria

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

  • Categories: Individuals, Associations, Firms, Joint Investors, etc.

How to Invest in the PNB Housing FD on Bajaj Markets

  1. Visit our official website www.bajajfinservmarkets.in

  2. Begin by entering your mobile number and date of birth

  3. Explore the attractive interest rates offered by our various FD partners and select the one that best suits your needs

  4. Choose your preferred partner, tenor, and interest payout frequency to maximize your gains

  5. Upload your PAN card, Aadhaar card, and a selfie for swift processing of your application

  6. Double-check your personal details like address, marital status, and email address to ensure accuracy

  7. Enter your bank name, IFSC code, and account number securely for smooth investment

  8. Appoint a nominee to ensure your loved ones are taken care of in the future

  9. Make your online payment using your chosen method and start earning returns on your investment

Disclaimer:

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.”

Frequently Asked Questions

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 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.

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.

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.

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
Credit Score
active_tab