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Home » Our Products » Fixed Deposit » PNB Housing Finance Ltd.

PNB Housing Finance Ltd.

PNBHFL, a subsidiary of Punjab National Bank offers housing loans to corporate bodies and individuals for construction of houses or for buying ready ones. It has a Loan book of Rs. 61,000 crores and has a consistent profit margin of more than 20% in the last 5 years. It has the lowest NPA to advance ratio of 0.70%. Company has shown a high complaint redressal of 99% and above. PNBHFL has a crisil rating of ‘FAAA’ which indicates a high level of safety. The above details show the strength of PNB Housing from both financial and rating wise.

What are the schemes of deposits available?

Non – Cumulative:

The interest earned is credited to the fixed deposit annually, and is paid out at the time of maturity along with the principal. It helps you build a corpus as the interest gets compounded annually. We accept a minimum deposit of Rs. 10,000 for cumulative deposits.


The interest earned is paid out to the depositor at an agreed-upon frequency. The frequency of the payment can be monthly, quarterly, half-yearly or annual. The regular interest payments can be used to meet your daily expenses.

Minimum Deposit Scheme: 

  • a) Cumulative Deposit Scheme: Rs.10,000
  • b) Non-cumulative scheme: Monthly payout – Rs. 25,000


This fund is Suitability investors:

  • • Looking for Better returns than Bank FD
  • • Wants Safety of Capital

Interest Rates:

Company Name: PNB Housing Finance Ltd. (For Upto Rs. 5 Crore)

Rating: FAA+ by CRISIL

Period: 1yr/12 18M 2yr/24 3yr/36 4yr/48 5yr/60 6yr/72
Interest Rate (%)

Minimum Amount: 10,000/-

Remarks: 0.25% extra for Sr. Citizen upto Rs.1 Crore

Premature Withdrawal:

  • a) After 3 months but before 6 months: The maximum interest payable shall be 4% per annum for individual depositor, and no interest in case of other category of depositors
  • b) After 6 months but before the date of maturity: The interest payable shall be 1% lower than the interest rate applicable


The interest income from Company FDs are added to Total Income of an investor under the head ‘Other Income’, and accordingly taxed as per tax slab of the investor. If the estimated annual interest is likely to exceed Rs.5000/- during the financial year, then the interest payment will be subject to tax deduction at source (TDS).

However, to avoid such deduction of Tax, the investors can furnish self-declaration in Form 15G/H or by submitting the Exemption certificate from the perspective income tax authority for every financial year.

Note: Senior Citizens (60 years+) will be eligible for an additional 0.25% p.a. on deposits upto Rs. 1 Crore

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