PNB Housing Finance offers FD interest rates of 6.80-7.55% p.a. to the general public and 7.05-7.80% p.a. to senior citizens on tenures ranging from 1 year to 10 years. This HFC has been accredited with a credit rating of AA/Stable by CRISIL, and AA/Stable by CARE. As per CRISIL, AA indicates strong chances of timely interest and principal repayment by the HFC. As per CARE, AA rating indicates high degree of safety regarding timely servicing of financial obligations and carries very low credit risk for the depositors.
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PNB Housing Finance FD Interest Rates (p.a.) Highlights 2023 | |
| Highest slab rate | 7.55% (for 36 months to 47 months) |
| For 1 year | 7.00% |
| For 2 years | 6.80% |
| For 3 years | 7.55% |
| For 4 years | 7.40% |
| For 5 years | 7.40% |
The interest rates are updated as of 13 January 2023
Card limit is 100% of FD Amount
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7%INTEREST ON FD| FD Rating of PNB Housing Fixed Deposits | ||
| Credit Rating Agency | Rating | Outlook |
| CRISIL | AA | Stable |
| CARE | AA | Stable |
| Tenure (Months) | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 12 – 23 | 7.00 | 7.25 |
| 24 – 35 | 6.80 | 7.05 |
| 36 – 47 | 7.55 | 7.80 |
| 48 – 59 | 7.40 | 7.65 |
| 60 -71 | 7.40 | 7.65 |
| 72 – 84 | 7.40 | 7.65 |
| 120 | 7.40 | 7.65 |
Note: Additional senior citizen special rates (0.25%) are applicable for deposits up to Rs 1 crore.
FDs of up to ₹5 lakhs insured by RBI
No hassle of opening a saving account
No documentation
| Tenure (Months) | Interest Rates (% p.a.) | |||
| Monthly | Quarterly | Half Yearly | Annual | |
| 12 – 23 | 6.78 | 6.82 | 6.88 | 7.00 |
| 24 – 35 | 6.57 | 6.63 | 6.69 | 6.80 |
| 36 – 47 | 7.30 | 7.34 | 7.41 | 7.55 |
| 48 – 59 | 7.16 | 7.20 | 7.26 | 7.40 |
| 60 -71 | 7.16 | 7.20 | 7.27 | 7.40 |
| 72 – 84 | 7.16 | 7.20 | 7.27 | 7.40 |
| 120 | 7.16 | 7.20 | 7.27 | 7.40 |
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To ascertain the returns that one may get from investing in a PNB Housing Finance fixed deposit scheme, it is highly advised to go for the PNB FD calculator – a tool available for free at Paisabazaar.com. This tool can be used to calculate the maturity amount for any tenure and deposit amount and can be used multiple times.
Customers need to enter the deposit amount, current PNB Housing Finance FD rates for the respective tenure along with the tenure for which the deposit is to be kept. On submission of the said details, the calculated maturity amount shall be displayed on the page which can be compared with FDs from banks/companies so as to make a well-informed decision.
Q. Is it safe to invest in PNB Housing Finance FD?
A. If credit ratings are checked properly and thorough knowledge is gained on the company one is investing in, investors can have safer experience of putting money in company fixed deposits.
Q. Are PNB Housing Finance FD rates different from PNB FD rates?
A. Yes. FD rates for PNB Housing Finance are usually higher as compared to those offered by Punjab National Bank.
Q. What is the difference between PNB Housing Finance fixed deposits and PNB housing fixed deposits?
A. Fixed deposits by PNB Housing Finance are provided by a company dealing in loans and deposits solely whereas the other one, i.e. FD by Punjab National Bank is forwarded by a nationalized public bank. While the former provides FD of a single type, the latter offers varied fixed deposit options to invest.
Q. What are the highest PNB Housing FD rates available?
A. Currently, the highest interest rate one can fetch on investing in an FD with PNB Housing Finance is 7.30%.
Q. Do senior citizens get any extra benefits on investing in fixed deposits with PNB Housing?
A. Yes, the finance company provides preferential interest rates at 0.25% over the regular rates on deposits up to Rs. 1 crore.
