Unlocking Potential: PNB Housing Finance FD Interest Rates

PNB Housing Finance FD Interest Rates

PNB Housing Finance, a subsidiary of Punjab National Bank, is a prominent player in the housing finance sector in India. The Housing Finance Company (HFC) offers various financial products, including fixed deposits, which are designed to cater to different investment needs and horizons. The interest rates on these FDs are attractive, making them a viable option for both short-term and long-term investments.

Current Interest Rates

The PNB Housing Finance FD interest rates vary based on the investment tenor and the amount deposited. The current rates offered by the issuer for cumulative FDs are as follows:

Tenure (Months) Interest Rate for Non-senior Citizens (p.a) Interest Rates for Senior Citizens (p.a.)
12 – 22 7.45% 7.75%
24 – 35 7.25% 7.55%
36 – 47 7.75% 7.95%
48 – 59 7.40% 7.60%
60 -71 7.60% 7.80%
72 – 84 7.40% 7.60%
120 7.40% 7.60%

*Disclaimer: The mentioned rates are subject to change at the issuer’s discretion. Please verify the latest rates on the PNB Housing Finance’s official website.

Cumulative vs Non-cumulative FD Rates

PNB Housing Finance also offers non-cumulative FD options to cater to different investor needs. The interest rates for non-senior citizens are as follows:

Tenor (in months)  Monthly Interest Rate (p.a.) Quarterly Interest Rate (p.a.) Half-yearly Interest Rate (p.a.) Annual Interest Rate (p.a.)
12 – 22 7.21% 7.25% 7.32% 7.45%
24 – 35 7.02% 7.06% 7.12% 7.25%
36 – 47 7.49% 7.53% 7.61% 7.75%
48 – 59 7.16% 7.20% 7.26% 7.40%
60 -71 7.35% 7.39% 7.46% 7.60%
72 – 84 7.16% 7.20% 7.27% 7.40%
120 7.16% 7.20% 7.27% 7.40%

*Disclaimer: The mentioned rates are subject to change at the issuer’s discretion. Please verify the latest rates on the PNB Housing Finance’s official website. Senior citizens will receive an additional 0.30% for tenors between 12 and 35 months and 0.20% for tenors above 36 months. 

Key Features of PNB Housing Finance FDs

Here are some benefits of the PNB Housing Finance FDs that you should know about:

1. Attractive Interest Rates

PNB Housing Finance offers competitive interest rates on its FDs, which are usually higher than traditional savings accounts. This can significantly enhance your savings over time, especially when compounded quarterly. These rates provide assured returns, making them an ideal choice for conservative investors looking for stable growth.

2. Flexible Tenors

Investors can choose from a range of tenors, from 1 year to 10 years. This flexibility allows investors to align their investment horizon with their financial goals, whether short-term or long-term.

3. Special Rates for Senior Citizens

Senior citizens enjoy an additional interest rate of 0.20% to 0.30% p.a. over and above the standard rates. This benefit is designed to provide higher returns for retirees, helping them secure a stable income from their savings.

4. Safety and Security

PNB Housing Finance FDs are considered safe as they are backed by one of India’s leading housing finance companies. Additionally, these deposits are rated by credit rating agencies, ensuring transparency and reliability.

5. Regular Income Options

Investors can choose from cumulative and non-cumulative options. The cumulative option allows interest to be compounded and paid at maturity. Meanwhile, the non-cumulative option provides periodic interest payouts, which can be monthly, quarterly, or annually. This flexibility is particularly beneficial for those seeking regular income.

6. Tax Benefits

Under Section 80C of the Income Tax Act, 1961, investments in tax-saving FDs qualify for a deduction of up to ₹1.5 Lakhs. However, it is important to note that the interest earned on FDs is taxable. The tax is deducted at source (TDS) if it exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

Considerations Before Investing

Here are some things to factor in before booking an FD with PNB Housing Finance:

1. Interest Rate Changes

The PNB Housing Finance FD interest rates are subject to change based on market conditions and the issuer’s policies. It is advisable to check the latest rates on the official website before making an investment decision.

2. Premature Withdrawal

While FDs offer attractive interest rates, premature withdrawal may attract penalties and reduced interest rates. Understanding the terms and conditions related to premature withdrawals is important to avoid a significant reduction in overall returns.

3. Maturity Calculators

Before selecting an option it is important to compare the offers. You need to check the returns each FD option can generate. Manually calculating this can be quite taxing and prone to errors. To save time and effort while also ensuring the accuracy of your calculations, consider using FD maturity calculators. These tools enable you to compute the returns from your FDs as well as the payouts you could get in case of a non-cumulative FD. These tools may help you gain insights into the maturity amount and make informed decisions.

PNB Housing Finance FDs offer a reliable and secure way to grow your savings with attractive interest rates and flexible tenors. These FDs can help you save for a short-term goal or secure a stable income post-retirement. Such deposits can be a valuable addition to your investment portfolio. By understanding the features, benefits, and current interest rates, you can make an informed decision and unlock the potential of your savings.


In conclusion, PNB Housing Finance offers competitive interest rates on fixed deposits, making it an attractive option for investors seeking stable and secure returns. With various tenures and flexible interest payout options, these FDs cater to diverse financial needs and goals. By choosing PNB Housing Finance, you can benefit from a reliable investment avenue with the potential for substantial growth.

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