pnb fdPNB Housing Finance Ltd has revise Interest Rates on their Fixed Deposit Scheme w.e.f. 13 May 2013.  Revise Interest Rate as per below post. Latest Updates…….

 

FD Rate

FD Rate Chart  

Non- Cumulative Cumulative
Period Half Yearly Interest
Payment
Compounded Half Yearly
12, 24 & 36 Months 9.30% 9.30%
48 & 60 Months 9.20% 9.20%
72 & 84 Months 9.15% 9.15%

Notes :

  • Additional Interest .25% for  Senior Citizens
  • For Non Cumulative payment Interest Half yearly Compounded & paid  Half Yearly calculated.
  • For Cumulative Interest compounded Half Yearly  and payable on Maturity.
  • TDS is applicable will be deducted if interest income is more than 5000, however no TDS will be levied if a duly Form 15G/H  is submitted.
  • Payment of Interest in Scheme A through post dated cheques in Advance, Interest payment Date- 31 March, 30 June, 30 Sep, 31 Dec
  • Pan Card Compulsory 

 

Company Profile

PNB Housing Finance Limited (PNBHFL) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNBHFL is a subsidiary of Punjab National Bank (PNB).

On December 9, 2009, it entered into a strategic financial partnership with Destimoney Enterprises Private Limited (DEPL). With over two decades of specialised experience in housing finance, PNBHFL has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.

Doc Required

Who can Apply

Residence Individual , Minor through their Guardians, Register Trust , Register Societies

 

Duly filled Application Form with Photograph

Proof of Identity : Passport, Pan Card, Voter ID, Driving License

Proof of Address : Telephone Bill, Bank A/c Statement, Electricity Bill, Ration Card, Letter from Employer

 

 

Cancellation

Premature withdrawal

Minimum lock-in period for all types of deposit shall be 3 months.

The interest rates for prepayment of deposits are as under:

  • After 3 months but before expiry of 6 months from the date of deposit – No Interest
  • After 6 months but before expiry of 12 months from the date of deposit- 3% lower than the minimum prescribed rate on the applicable scheme
  • After expiry of 12 months but before the date of maturity – 2% lower than the minimum prescribed rate on the applicable scheme

 

Rating/Grade

BONDS                                       –      CRISIL AA/ stable & CARE AA+
Fixed Deposit Programs    –      FAA+ stable

 (Read : How to select good FD)

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RajendraFixed DepositPNB Housing Finance Ltd has revise Interest Rates on their Fixed Deposit Scheme w.e.f. 13 May 2013.  Revise Interest Rate as per below post. Latest Updates.......  Investment you need