Interest for 3 years
Note: All interest rates shown below are as on 24th Jun 2021
|Tenure||Normal Citizen FD Rate||Senior Citizen FD Rate|
|1 year - 1 year 11 months 30 days||5.9%||6.15%|
|2 years - 2 years 11 months 29 days||6.15%||6.4%|
|2 years 11 months 30 days - 4 years 11 months 29 days||6.6%||6.85%|
|4 years 11 months 30 days - 9 years 11 months 29 days||6.7%||6.95%|
PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It commenced its operations on 11 November 1988. PNB Housing is promoted by Punjab National Bank (PNB). It has a balance sheet size of Rs. 78,930 Cr as on 31st March 2020. It recorded a profit of Rs 591 Lakhs in FY20
5.9% - 6.7%
6.15% - 6.95%
FD Rate for Seniors
₹ 5 Crores
Flexible tenure & partial withdrawal facility, without the hassle of opening a savings account.
|Investment Amount||For 3 years with interest of 6.6%||For 5 years with interest of 6.7%|
|₹ 1 lakh||₹138971||₹139664|
|₹ 2 lakh||₹277942||₹279328|
|₹ 5 lakh||₹694856||₹698319|
|₹ 10 lakh||₹1389711||₹1396638|
Use FD calculator to change values and compare your returns from top banks.
|Maturity Amount||₹106062||₹ 101764|
|Total Investment Amount||₹ 100000||₹ 100000|
|Total Interest Gained||₹6062|
|Income Tax on Wealth Gained||₹ 12898||₹ 13092|
|Bank Name||FD Interest Rates|
|Dhanlaxmi Bank||5.4% - 5.9%|
|Tamilnad Mercantile Bank||5.5% - 5.5%|
|IDBI Bank||5.3% - 5.8%|
|Bank of India||5.15% - 5.65%|
|Sundaram Finance||6.25% - 6.75%|
|AU Small Finance Bank||6.25% - 6.75%|
|Canara Bank||5.5% - 6%|
|Axis Bank||5.4% - 5.9%|
|Mahindra Finance||6.3% - 6.55%|
|IDFC First Bank||5.75% - 6.25%|
|State Bank of India||5.3% - 5.8%|
|HDFC Bank||5.15% - 5.65%|
|Bank of Baroda||5.1% - 5.6%|
|LIC Housing Finance||5.75% - 6%|
|Tamil Nadu Power Finance||7.75% - 8.25%|
|Jammu & Kashmir Bank||5.3% - 5.8%|
|Bajaj Finance||6.5% - 6.75%|
|Yes Bank||6.25% - 7%|
|RBL Bank||6.3% - 6.8%|
|Punjab and Sind Bank||5.3% - 5.8%|
|Kotak Mahindra Bank||5.1% - 5.6%|
|IndusInd Bank||6% - 6.5%|
|Central Bank of India||5% - 5%|
|DCB Bank||6.5% - 7%|
|Bandhan Bank||5.25% - 6%|
|Fincare Small Finance Bank||6.25% - 6.75%|
|DBS Bank||5.5% - 5.5%|
|Indian Overseas Bank||5.2% - 5.7%|
|Karur Vysya Bank||5.5% - 6%|
|Equitas Small Finance Bank||6.35% - 6.85%|
|City Union Bank||5.5% - 6%|
|SCB Bank||5.35% - 5.85%|
|Karnataka Bank||5.5% - 5.9%|
|South Indian Bank||5.5% - 6%|
|HDFC Ltd Fixed Deposit||6.05% - 6.3%|
|Bank of Maharashtra||4.9% - 5.4%|
|ICICI Housing Finance Company||6.05% - 6.3%|
|ESAF Small Finance Bank||5.75% - 6.25%|
|Indian Bank||5.15% - 5.65%|
|Shriram Finance||8% - 8.4%|
|Federal Bank||5.35% - 5.85%|
|ICICI Bank||5.15% - 5.65%|
|Ujjivan Small Finance Bank||6.75% - 7.25%|
|Post Office||5.5% - 5.5%|
|Punjab National Bank||5.1% - 5.6%|
|Union Bank of India||5.4% - 5.4%|
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PNB Housing Finance Limited (PNB HFL) is a housing finance company subsidiary of Punjab National Bank (PNB). It is registered with National Housing Bank (NHB). It was incorporated on November 11, 1988, under the Companies Act, 1956.
PNB Housing offers safe investment options for individuals and companies under the PNB HFL Fixed Deposit Scheme. You can invest in various deposit schemes with an attractive rate of interest. The company now has over three decades of specialized experience in housing finance. It has a robust network of branches across the country. Consequently, customers can seamlessly avail of financial services (loans and deposits) from any of these branches. PNB Housing Fixed Deposits are one of the safest investment avenues (CRISIL FAA+/Negative rating). It can help you grow your savings while offering stability and safety of the principal amount. You can take control of your investments by investing in PNB HFL FD. It offers assured returns accompanied by greater flexibility and higher stability. In addition to these features, you also get the option to select a tenure between 12 months and 120 months, as per your financial needs.
PNB Housing Finance Limited fixed deposit scheme has delivered a consistent performance for over three decades. As a result, PNBHFL has received a FAA+/ Negative rating from CRISIL and an AA/ Stable rating from CARE for the deposit scheme. The scheme offers assured and attractive returns.
PNBHFL offers the following fixed deposit scheme:
Under this PNB Housing Finance Limited offers regular monthly, quarterly, half-yearly, or annual income plans to depositors. PNBHFL directly credits the interest to the depositor’s bank account on the specified date. The scheme is ideal to meet regular monthly expenses.
Under this interest is credited to the fixed deposit annually, and is paid at the time of maturity along with the principal amount. Moreover, this option helps to create a corpus as the money gets the benefit of compounding.
PNB Housing offers a Corporate Deposit scheme. It is ideal for investments by Body Corporates, Private/Public Limited Companies, Corporations, Statutory boards, Financial Institutions, and other Banks. The key features of the PNB Housing Finance Corporate Deposit Scheme are:
|Scheme||Interest Payment Date|
|Monthly Income Plan||Last day of Each Month|
|Quarterly Income Plan||Last day of each quarter i.e. 30th June, 30th September, 31st December, and 31st March|
|Half Yearly Plan||December 30th and March 31st|
|Annual Plan||March 31st|
The following entities are eligible to apply for a PNB Housing Fixed Deposits:
PNB Housing Fixed Deposits can be made in joint name(s) with a maximum number of three persons.
One can open a PNBHFL FD account either online or offline. You can do it online through the website or Mobile App.
The following steps will help to open a PNB Housing Limited FD account through the website:
The following steps will guide in opening an FD account through PNBHFL Bank Mobile App:
To open a PNB Housing Finance FD account offline, one has to either visit the nearest PNBHFL branch or request a call-back facility. If visiting the branch, fill the PNBHFL FD application form and submit all the necessary documents along with the deposit amount. On successfully processing the application, PNBHFL will provide an FD receipt.
All investors must complete the mandatory one-time KYC process before opening the PNB Housing Fixed Deposit. Existing FD investors do not have to resubmit any documents.
Following are the documents required by individuals for opening PNB Housing Finance Limited Fixed Deposit:
The following types of organizations can open a non-individual fixed deposit with PNB Housing Finance Limited, such as:
They need to furnish the following documents for opening a non-individual fixed deposit:
PNB Housing provides the provision of premature cancellation of your Fixed deposit when needed. Initially, there is a compulsory lock-in for 3 months from the date of deposit, after which you can withdraw your fixed deposit. However, the interest rate charged is lower than the initial agreed-upon FD interest rate.
The interest rate for premature withdrawals, applicable:
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