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PNB Housing Finance Fixed Deposits – Details & Current Interest Rates


PNB Housing Finance Limited – PNBHFL -A subsidiary of Punjab National Bank & involved in the housing finance activities like Home loan,home construction loan,Home plot loan,loan against property etc.

PNBHFL was started its operation in the year of 1988.

PNBHFL accepts public deposits which are rated as FAA+ which indicates the higher level of safety of deposits.

PNB Housing Finance was recently reduced their deposit rates & current deposit rates are as follows:

Current Interest Rates:As on 20th April, 2016

Period Months

Interest Rates

12-24 Months

8.00%

36-84 Months

8.25%

120 Months

8.10%

  • Special Deposit scheme:

 

 

Tenure –months

 

   

Cumulative option interest

     
 

15

 

   

8.05%

     
 

22

 

   

8.05%

     
 

30

 

   

8.35%

     
 

44

 

   

8.45%

  • Profit Hisory:

Financial Year Ended

Profit After Tax  in Lakhs

Dividend

March 31,2009

5341.23

20%

Mar 31,2010

6676.12

20%

Mar 31,2011

6937.30

22%

Mar 31, 2012

7520.24

22%

  •  Other Details:

  1. Interest rates are compounded Half Yearly or interest payable half yearly.
  2. 0.25% extra for senior citizens & employees.
  3. Non-Cumulative option – Monthly,Quarterly,Half Yearly,Annual interest payout options available with discounted rates.
  4. Min deposit amount for cumulative option is Rs.10000/- & its Rs.20000/- for half yearly interest payouts.
  5. Loan facility upto 75% of deposit available from all branches of company.
  6. Premature withdrawal is possible after completion of 3 months.If deposits  withdraw after 3 months & before completion of 6 months,no interest will be payable.If deposits are withdraw after completion of 6 months but before expiry of 12 months then fine of 3% & if deposits withdraw after 12 months but before expiry then there is  fine of 2% on original deposit rates.

Category: Fixed Income

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