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PNB Housing Finance amends fixed deposit rate: Now up to 7.55%


PNB Housing Finance Limited (PNB Housing) a housing finance company registered with the National Housing Bank (NHB) has adjusted interest rates on fixed deposits under 5 Cr. According to the company’s official website, the new fees come into effect on October 7, 2022. After the amendment, the company is currently offering interest rates for term deposits ranging from 12 to 120 months. from 7.00% to 7.40%. PNB HFL is currently offering a maximum interest rate of 7.55% on fixed deposits with a term of 36 to 47 months, much higher than the retail inflation rate of 7% recorded in August. year 2022.

PNB Housing Finance Rate FD

Under the accrual plan, the company is currently offering an interest rate of 7.00% for deposits with a term of 12 – 23 months and for deposits with a term of 24 – 35 months, PNB Housing Finance will now offers an interest rate of 6.80%. Cumulative fixed deposits with a term of 36 – 47 months currently have an interest rate of 7.55% and deposits with a term of 48 – 120 months currently have an interest rate of 7.40%. On a fixed deposit that does not accumulate, the investor can receive monthly interest. PNB Housing allows customers to choose between monthly, quarterly and annual payments; with accrual options, however, interest is applied on a fixed deposit annually and is paid out with the principal at maturity.

PNB Housing Finance Rate FD

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PNB Housing Finance Rate FD (pnbhousing.com)

Seniors (those over 60) can deposit up to 1 dong with PNB Housing Finance Ltd. with a special interest rate for the elderly with an interest rate higher than 0.25%. Fixed Deposits from PNB Housing have been rated by CRISIL FAA+/Negative and AA/Stable by CARE, both implying a high level of safety. For the monthly income plan, PNB Housing accepts a minimum investment of 25,000; for all other programs, the minimum deposit is 10,000.

Your fixed deposit can be withdrawn before maturity according to PNB Housing’s regulations. After the required three-month lock-in period, the fixed deposit can be withdrawn, however, the account holder will be charged a penalty fee and a lower interest rate than originally committed. PNB Housing Finance has stated on its website that “You have the option of early withdrawal from your fixed deposit account any time after three months from the date of deposit. An annual interest rate of 4% will be paid to individuals with early withdrawals within six months from the date of deposit. For early withdrawals made after six months, the interest rate is 1% lower than that applied for public fixed deposit during the period the deposit has been made available. “

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