PNB Housing Finance Ltd. Fixed Deposits (AAA by CARE)

Company Overview :

  • PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB)
  • It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988
  • PNB Housing is a subsidiary of Punjab National Bank (PNB), which holds 51% of share capital in the Company

Who can invest?

  • Resident Individuals, HUFs, Trusts, NRIs, Minor, Firms etc.

PNB Housing Finance FD interest rates (w.e.f. from October 8, 2018)

Regular deposit upto ` 5 crore
Period Monthly (p.a.) Quarterly (p.a) Half Yearly (p.a.) Yearly Interest (p.a.) Effective Yield# (p.a.)
12 - 23 8.00% 8.05% 8.10% 8.30% 8.30% 8.30%
24 - 35 8.00% 8.05% 8.10% 8.30% 8.30% 8.64%
36-47 8.10% 8.15% 8.20% 8.40% 8.40% 9.13%
48-59 8.10% 8.15% 8.20% 8.40% 8.40% 9.52%
60-71 8.15% 8.20% 8.25% 8.45% 8.45% 10.00%
72-84 8.00% 8.05% 8.10% 8.30% 8.30% 10.23%
120 7.95% 8.00% 8.05% 8.25% 8.25% 12.09%
Min. amt. 100,000 50,000 20,000 20,000 20,000  
Special Scheme upto ` 5 crore
Period Monthly (p.a.) Quarterly (p.a) Half Yearly (p.a.) Yearly Interest (p.a.) Effective Yield (p.a.)
15 8.00% 8.05% 8.10% 8.30% 8.30% 8.42%
22 8.05% 8.10% 8.15% 8.35% 8.35% 8.62%
30 8.00% 8.05% 8.10% 8.30% 8.30% 8.84%
44 8.15% 8.20% 8.25% 8.45% 8.45% 9.45%

Sr. Citizen will get 0.25% p.a. additional interest across all schemes upto ` 1Cr.

Above rates are applicable only for Individuals and Trusts deposits.

For cumulative Interest option, Interest is compounded annually on March 31.

# The tentative yield to maturity is mentioned for the lowest tenure of the specific grid.

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