PNB Housing Finance FD Rates

PNB Housing Finance offers one of the best interest rates available in the market on Fixed Deposits. The tenure ranges from 12 months to 120 months. Senior citizens (above 60 years of age) get an additional 0.25% interest on fixed deposits up to Rs.1 Crore.

PNB Housing Finance offers FD up to Rs.5 Crore.

PNB Housing Finance FD Rates up to Rs.5 Crores – Cumulative

PNB HF FD Interest Rate (p.a.) (w.e.f October 7, 2022)
Tenure in MonthsCumulative Rate of Interest (p.a.)
Regular CitizenSenior Citizen (Above 60 Years)
12 months to 23 months7.00%7.25%
24 months to 35 months6.80%7.05%
36 months to 47 months7.55%7.80%
48 months to 59 months7.40%7.65%
60 months to 71 months7.40%7.65%
72 months to 84 months7.40%7.65%
85 months to 120 months7.40%7.65%
NOTE: (i) Senior citizens’ FD interest rates are applicable for Rs.1 crore only.
(ii) interest rates are compounded annually on 31st March.

PNB Housing Finance FD Rates up to Rs.5 Crores – Non-cumulative

PNB HF FD Interest Rate (p.a.) (w.e.f October 7, 2022)
Tenure in MonthsNon-Cumulative Rate of Interest (p.a.)
MonthlyQuarterly CitizenHalf-Yearly CitizenAnnual
12 months to 23 months6.78%6.82%6.88%7.00%
24 months to 35 months6.57%6.63%6.69%6.80%
36 months to 47 months7.30%7.34%7.41%7.55%
48 months to 59 months7.16%7.20%7.26%7.40%
60 months to 71 months7.16%7.20%7.27%7.40%
72 months to 84 months7.16%7.20%7.27%7.40%
85 months to 120 months7.16%7.20%7.27%7.40%

Benefits of PNB Housing Fixed Deposit

Below are the benefits of having a PNB HF FD.

  • One of the best Fixed Deposit interest rates available in the market.
  • You can open PNB HF Fixed Deposit online.
  • Senior citizens earn 0.25% more interest as compared to the general public.
  • A premature facility is also available.
  • The nomination facility is also provided by PNB HF.
  • A loan can be taken up to the 75% value of FD.

Eligibility for PNB Housing Finance FD

You should fulfill the below eligibility criteria to open a PNB Housing Finance Fixed Deposit.

  • Any Resident Indian
  • Joint Account Holder
  • NRI

Documents required for PNB Housing Finance FD

You should have the below documents to open a PNB Housing Finance Fixed Deposit.

  • Aadhar card
  • Pan card
  • Photo

Premature Withdrawal of PNB Housing Finance Fixed Deposit

PNB Housing Finance provides premature withdrawal of fixed deposits. You can withdraw your fixed deposit after the completion of 3 month lock-in period.

  • 4% p.a. interest will be paid if you cancel your fixed deposit before six months.
  • After six months, 1% less interest will be paid for the term for which the fixed deposit was taken.

How to apply for PNB Housing Finance Fixed Deposit

Follow the below steps to book an FD with PNB Housing Finance.

Step1: Click on the link here.

Step2: Click the “Request Call Back” option available on the sidebar of the screen.

Step3: Fill in your basic details like your name, mobile number, email, etc.

Step4: Accept the terms and conditions and click on the “Submit” button.

Step5: Now, a PNB Housing Finance representative will call you back. For further process, he/she will help you.

Loan Facility on PNB Housing Finance FD

  • A loan can be taken up to the 75% value of a Fixed Deposit.
  • The facility is available for Cumulative and Non-cumulative schemes.

Types of PNB Housing Finance Fixed Deposit

1. Cumulative Deposit

In a Cumulative deposit, interest is credited to the fixed deposit and given to the depositor at the end of the maturity of the fixed deposit.

You can start a cumulative fixed deposit with a minimum of Rs.10,000.

2. Non-cumulative Deposit

In a Non-cumulative deposits, interest is paid to the depositor at the regular interval. This interval can be monthly, quarterly, half-yearly, or annually.

PNB Housing Finance accepts a minimum of Rs.25,000 for a monthly scheme.

While for other types of Non-cumulative deposits, the minimum amount of FD is Rs.10,000.

3. Joint Fixed Deposit

Joint Fixed Deposit can be open with up to 3 maximum people.

4. NRIs Fixed Deposit

NRIs Fixed Deposit can be open for 3 years only.

Interest will be credited to the depositor’s NRO account.

5. PNB Housing Corporate Deposit

Any Limited Companies, Corporations, Statutory Boards, Local Authorities, and other Banks & Financial Institutions can open Fixed Deposit.

The minimum fixed deposit amount is Rs.10,000.

PNB Housing Finance FAQs

Why should I invest in a Fixed Deposit?

Fixed Deposit is one of the safest investment tool. Fixed deposit returns are not linked to the market condition and hence gives depositor a surety of his money getting back.

Can I get monthly interest on PNB Housing Finance Fixed Deposit?

With Non-cumulative PNB Housing FD scheme, you can receive interest at regular intervals like monthly, quarterly, half-yearly or annually.

Is PNB Housing FD safe?

CRISIL has given FAA+/Negative rating to PNB Housing Finance FD which makes it safest investment tool.

What is the minimum tenure of the FD offered by PNB Housing Finance?

The minimum tenure is for 1 year.

What is the maximum tenure of the FD offered by PNB Housing Finance?

The maximum tenure available is 10 years.

What is the highest PNB Housing Finance Fixed Deposit rates?

PNB Housing Finance offers 7.80% p.a. 36 months to 48 months Cumulative deposit.

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