PNB Housing Finance FD Rates

PNB Housing Finance FD rates vary between 7.25%-7.75% for tenures that range from 2 years to 10 years. For each of the maturity periods, senior citizens receive an additional 0.25% interest per annum. Discover the PNB Housing Finance latest FD rates and the requirements for opening a fixed deposit via Stable Money.

PNB Housing Finance FD Rates for General and Senior Citizens

Through Stable Money, PNB Housing Finance extends fixed deposits to interested customers who can open an account with just ₹1,000. The highest slab among PNB Housing Finance FD rates is assigned to those who open an FD for tenures between 36 and 47 months. If you select this maturity term, you can get 7.75% interest per annum whereas senior citizens are offered 8.00% annual returns.

Across all the tenures senior citizens receive increased interest returns. The best part is, that no one needs a regular savings account with PNB Housing Finance to access their FD scheme, upon booking via Stable Money.

Term Wise PNB Housing Finance FD Rates

As per the latest fixed deposit rates of PNB Housing Finance, individuals can invest their money for various timeframes and earn returns as follows:

Short Term

Suppose a person invests ₹1,00,000 in a PNB Housing Finance Fixed Deposit through Stable Money for two years.

Assuming the person is under 60 years, they will be entitled to receive ₹1,15,026 on or after the maturity date. In this case, PNB Housing Finance offers an annual return of 7.25%, which increases to 7.50% for senior citizens. Thus, for the same tenure and investment amount, a senior citizen would receive ₹15,563 in interest, compared to ₹15,026 (for the general public).

Medium Term

Similar to the above example, if the same person decides to invest ₹2,00,000 in a PNB Housing Finance FD for 4 years, the company will offer them 7.40% p.a. Accordingly, their corpus during maturity will be ₹2,66,102. Given that the principal and tenure do not change, a senior citizen would earn ₹68,588 through the same scheme at 7.65% p.a. and the corresponding maturity sum will be ₹2,68,588.

Long Term

Now, let’s say a person wishes to take advantage of the highly competitive PNB Housing Finance FD interest rate over a period of 10 years. In this instance, PNB Housing Finance will offer 7.40% to general citizens and 7.65% to senior citizens.

Benefits of PNB Housing Finance FD Interest

The most highlighted benefits of opening a PNB Housing Finance fixed deposit include:

High Safety: Up to ₹5 lakh of your deposit is secure as the Stable Money app is registered under DICGC
Low Investment Amount: Avail FDs with a minimum amount of ₹1,000
Flexible Tenures: Select maturity terms varying between 2-10 years which emerge to be very useful for different investment goals
Auto-Renewal Facility: Investors can opt for reinvesting their maturity sum to leverage the power of compounding and potentially increase their returns over the long term.

Eligibility to Avail PNB Housing Finance FD Interest Rates

The following entities are allowed to open a PNB Housing fixed deposit account:

Resident Indian citizens
Minors under a natural or lawful guardian
Hindu Undivided Family (HUF)
Partnership Firms
Sole Proprietorships
Family trusts
Companies (including a group of companies)
Religious and Charitable Trusts
Association of Persons
Co-operative Societies (except Housing Co-operative Societies) registered in India

Documents Required to Avail PNB Housing Finance FD Interest Rates

Certain documents are compulsory at the time of opening an FD. These include:

Self-attested PAN card copy
Self-attested copy of a KYC certification document (Aadhaar card/Voter card/Passport/Driving Licence)
Recent passport-size photograph

However, if you start investing through our app, you do not have to worry about the hassle of going through all this paperwork. Instead, you can make the deposit by entering your Permanent Account Number or PAN only.

Premature Withdrawal of PNB Housing Finance FD

After 3 months of compulsory lock-in period, you can withdraw your funds accumulated in a PNB Housing Finance FD. However, it will result in a lower interest rate.

The rates applicable for premature withdrawals are:

PNB Housing Finance pays 4.00% interest p.a. if a depositor decides to withdraw funds within the initial 6 months
After 6 months, if you withdraw your investments early, the housing finance company deducts 1% from the initially promised interest rate. Additionally, the interest amount is calculated for the tenure for which you maintained the account.

Tax on PNB Housing Finance FD

If a person earns more than ₹40,000 through fixed deposit interest rates in a financial year, they will have to bear 10% TDS. This upper limit has been set as ₹50,000 for senior citizen FD owners. However, if you have not entered your PAN card details while opening the account, you will be subject to 20% TDS.

To enjoy the best possible PNB Housing Finance FD rates, consider opening an account via Stable Money.

Why Should You Choose Stable Money to Book PNB Housing Finance FD?

Stable Money is a leading online FD-booking platform that guarantees the highest FD rates provided by all Indian banks and NBFCs. People increasingly rely on us as we help them decide the best fixed deposit scheme by giving real-time comparison tables. Additionally, all our partner banks and NBFCs are registered under the RBI. Thus, up to ₹5 lakh of your deposits are safe at all costs.

PNB Housing Finance FD Rates