In new PNB Housing Finance FD interest rates applicable from 15th June 2022, PN B Housing Finance is offering 6 per cent return on deposits for 112 to 23 months period whereas fixed deposit interest rate offered on 24 to 35 months deposits will be given 6.40 per cent per annum. For 36 to 47 months deposits, PNB Housing Finance is offering 6.85 per cent annual return whereas deposits for 48 to 59 months will attract 7.10 per cent annual return. So, PNB Housing Finance is offering 6 per cent to 7.10 per cent annual return on non-tax saving fixed deposits.
Tax saving fixed deposits
In revised FD interest rates, tax saving fixed deposits would get 7.25 per cent return per annum. After the implementation of these revised FD interest rates, tentative maturity yield on tax saving band fixed deposits would be from 8.38 per cent to 10.14 per cent.
PNB Housing Finance FD interest rate
Senior citizens (above 60 years) will be eligible for 0.25 per cent additional Rate of Interest (ROI) across tenors.
See full list of ONB Housing Finance FD rates below:
The yield mentioned is calculated using the first month of each tenure grid.
Premature withdrawal
As per the information available on PNB Housing Finance website, "PNB Housing provides for the provision of premature cancellation of your Fixed deposit. There is a compulsory lock-in for 3 months, after which the fixed deposit can be withdrawn. However, the interest rate charged would be lower than the initial agreed about FD interest rate."
The interest rate for premature withdrawals, applicable:
1] Made within six months from the date of deposit, interest paid is at 4 per cent per annum; and
2] Made after six months, interest will be paid at 1 per cent less than the FD interest rate applicable on public fixed deposit of the period for which the deposit was held.
