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The RBI hiked its repo rate by 50bps in September 2022 and 35bps in the first week of December. This subsequently resulted in an increase in fixed deposit rates, which was announced by various issuers such as PNB Housing Finance.
The factors responsible for the repo rate hike include inflation and increase in crude oil prices. This calls for smart investments to protect yourself and secure your financial future. An ideal choice for guaranteed returns is an investment in fixed deposits.
By taking advantage of the current interest rate environment, you can lock in a higher return on your investments with best fixed deposit rates on offer. With PNB Housing Finance FD rates up to 7.80% p.a., you can secure your corpus and earn reliable returns. Read on to know more.
PNB Housing Finance FD rates
Take a look at the PNB Housing Finance FD rates for deposits up to ₹5 Crores with payout at maturity:
| Tenor in Months | Interest Rate For Cumulative FDs |
| 12 – 23 | 7.00% |
| 24 – 35 | 6.80% |
| 36 – 47 | 7.55% |
| 48 – 120 | 7.40% |
Disclaimer: These rates are subject to change as per the issuer’s policies.
Take a look at the PNB Housing Finance FD rates for deposits up to ₹5 Crores with payout in intervals:
| Tenor in Months | Monthly Payout | Quarterly Payout | Half Yearly Payout | Annual Payout |
| 12 – 23 | 6.78% | 6.82% | 6.88% | 7.00% |
| 24 – 35 | 6.57% | 6.63% | 6.69% | 6.80% |
| 36 – 47 | 7.30% | 7.34% | 7.41% | 7.55% |
| 48 – 120 | 7.16% | 7.20% | 7.26% | 7.40% |
| 60 -71 | 7.16% | 7.20% | 7.27% | 7.40% |
| 72 – 84 | 7.16% | 7.20% | 7.27% | 7.40% |
| 120 | 7.16% | 7.20% | 7.27% | 7.40% |
Disclaimer: These rates are subject to change as per the issuer’s policies.
Here’s how you can make the most of these PNB Housing Finance FD rates and secure your finances for a long-term gain.
Invest Now to Lock in Enhanced Rates as a Senior Citizen
While PNB Housing Finance FD rates for non-senior investors go up to 7.55%, senior citizens get an additional interest of 0.25% from the issuer. This is the perfect time for retirees to lock in funds for a higher rate of returns.
| Tenor in Months | Interest Rate For Cumulative FDs |
| 12-23 months | 7.25% |
| 24-35 months | 7.05% |
| 36-47 months | 7.80% |
| 48-120 months | 7.65% |
Disclaimer: These rates are subject to change as per the issuer’s policies.
Pick a Longer Tenor to Enjoy the Full Benefit of Interest Compounding
A wise strategy to get the most out of your FD investment with PNB Housing Finance is to select a longer tenor. This way, you can reap benefits from compounding interest over a longer duration.
Another way is to select a special tenor that offers you higher fixed deposit rates. PNB Housing Finance FD rates are higher for tenors from 38 months to 47 months. During this duration, seniors can earn interest at 7.80% and non-seniors can earn 7.55% interest.
Ladder Your Investments to Meet All Your Objectives Efficiently
You can ladder your FDs to utilise special tenors and meet any short- and long-term goals at different timelines. This means starting multiple FDs that mature at different times so you can get the full benefit of high PNB Housing Finance FD rates.
Laddering helps you get access to a steady cash flow over time. It also helps you maximise your returns by locking your funds now at a high interest rate.
Start Investing Right Away, Without Having to Save a Large Corpus
One of the advantages you get by investing in an FD from PNB Housing Finance is that you don’t need to save up and invest a large sum. You can book an FD with just ₹10,000 in hand. If you are looking for monthly income, the minimum amount you need to invest is ₹25,000.
Other Benefits of Investing in a PNB Housing Finance FD
Here are the other advantages you get by booking this fixed deposit:
- Stay assured, as the PNB Housing Finance FD has high safety ratings from ICRA and CRISIL
- Start a joint FD with up to 3 account holders
- Book a cumulative or non-cumulative FD for 12 to 120 months as per your choice
- Get a loan up to 75% of your deposit’s value from PNB Housing Finance
- Don’t worry about TDS for interest up to ₹5,000 per year
- Book your FD online with easy digital provisions or choose the offline route with doorstep services
- Enjoy the easy auto-renewal facility online
- Cancel your FD 3 months after you book it if you need liquidity
The current fixed deposit rates are a great option to stabilise your portfolio and balance riskier investments. PNB Housing Finance can easily help you achieve this with a range of valuable features that put your convenience first. All you need to do is submit your KYC documents to get started. So, act now and gain from this valuable opportunity to grow your wealth.