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Corporate Fixed Deposits

PNB Housing Finance Ltd.

  • PNB Housing Finance (PNBHF) is a subsidiary of Punjab National Bank and a partner of Destimoney Enterprises Pvt. Ltd. PNB holds a 74% stake while 26% stake is held by Destimoney Enterprises Pvt Ltd
  • PNBHF’s fixed deposit portfolio has reached Rs. 189 crore as on March 31, 2011
  • PNBHF is a moderate sized housing finance company with an outstanding loan book of Rs. 3138 crore as of March 31, 2011
  • Crisil has assigned FAAA/Stable rating for the FD. This rating indicates that the degree of safety regarding timely payment of interest and principal is strong

PNB Housing Finance Fixed Deposit

Period (Months) Non Cumulative Scheme Cumulative Scheme
Yearly Half yearly Quarterly Monthly Interest Yield
12 - 9.40% - - 9.40% 9.62%
24 - 9.40% - - 9.40% 10.08%
36 - 9.40% - - 9.40% 10.58%
48 - 9.40% - - 9.40% 11.10%
60 - 9.40% - - 9.40% 11.66%
72 - 9.40% - - 9.40% 12.25%
84 - 9.40% - - 9.40% 12.89%
120 - 9.40% - - 9.40% 15.06%
Min. Amt Rs. 20,000/- Rs. 10,000/-

For Cumulative Scheme interest is compounding half-yearly

Above rates are applicable for single deposits upto Rs. 10 Crore.

Senior citizen (above 60 years) rate of 0.25% is applicable for deposits upto Rs. 1 Crore only.