PNB Housing Finance FD Rates

FD Tenure (in months)	Interest Rates
	Regular Citizens
12 Months	8.30 %
24 Months	8.40 %
36 Months	8.40 %
48 Months	8.40 %
60 Months	8.45 %
72 Months	8.30 %
84 Months	8.30 %
120 Months	8.25 %

Note: Rates are applicable on deposits below Rs 5 Crores with effect from 31st March 2019. Senior citizen rates are applicable on deposits below Rs 1 Crore. These rates are subject to change without prior notice.

Special Deposit upto Rs. 5 Crores

Tenure (in months)	Cumulative Deposits		Non-cumulative Deposits
	Rate of Interest	Tentative Yield on Maturity	Monthly	Quarterly	Half-Yearly	Annually
15	8.30%	8.42%	8.00%	8.05%	8.10%	8.30%
22	8.35%	8.62%	8.05%	8.10%	8.15%	8.35%
30	8.30%	8.84%	8.00%	8.05%	8.10%	8.30%
44	8.45%	9.45%	8.15%	8.20%	8.25%	8.45%

• The deposits have a high safety assurance with a FAAA rating awarded by CRISIL
• If the interest earned on the deposits is up to Rs.5000 per customer, there will be no Tax Deducted at Source (TDS) on the interest earned and it will be exempt from tax
• Loan facility available at up to a maximum of 75% of the deposit amount
• Pre mature cancellation of the deposits allowed
• Premature cancellation allowed
• Nomination facility is available in the fixed deposit
• In case of premature cancellation after 3 months but before 6 months, the rate of interest payable will be 4% p.a. for the tenure the deposit was held with the company. The interest will be applicable for individual depositors only and not for any other kind of depositors.
• For cancellations after the completion of 6 months but before maturity, the interest payable will be calculated at 1% lower rate than the original applicable rate of interest for the period for which the deposit was held. This interest will be applicable for public deposits.
• 2 variants of deposits; Regular and Special Deposits both with different terms
• Cumulative deposits are those where the interest is calculated on a compounded basis annually and is reinvested with the principal to earn further interest. In non-cumulative deposits the interest is calculated and not reinvested with the principal
• Senior citizens above 60 years of age will be given 0.25% additional rate of interest for deposits limited to Rs.1 crore only.
• Minimum amount of deposit is Rs.1 lakh for a monthly income scheme, Rs.50, 000 for a quarterly income scheme and Rs.20, 000 under the other types of schemes
• Deposits have to be made along with the completed application form through cheques, demand drafts, RTGS or NEFT facilities

• PNB Housing Fixed deposit can be made by public or private companies, resident individuals, Hindu Undivided Families (HUFs), Non- Resident Indians (NRIs), co-operative banks, association of persons, trusts, etc.
• In case of deposits made by NRIs or PIOs (Persons of Indian Origins), deposits will be accepted on a non-repatriation basis. Interest payment and the repayment of deposits will also be credited to the NRO account held by the NRI or PIO.
• Deposits can also be made joint basis with a maximum of 3 persons. There can be the provision of the clause ‘First Applicant, Anyone or Survivor’ mentioned at the discretion of the depositors. The interest will be paid as and whenever it accrues to the first named applicant and he will be authorized to renew or discharge the deposit which will be binding on all other holders.

The following documents are required to open the pnb housing finance fd scheme:

• Passport sized photographs
• Age Proof: PAN Card, Passport or any other Certificate from Statutory Authority
• Address Proof: Passport, Driving License, Telephone Bill, Aadhar Card, Ration Card, Election Card or any other Certificate from Statutory Authority