FAA+/Negative rating by CRISIL and AA+/Negative by CARE
Interest Rates applicable for deposits up to Rs. 5 crores only (w.e.f. 01-06-2024)
  Cumulative Non-Cumulative
Tenure (Mnth.) Rate of Intt. Cuml. Yield  Mnthly. Qtrly. Half Yrly.  Yrly.
12-23 7.45% 7.45% 7.21% 7.25% 7.12% 7.45%
24-35 7.25% 7.51% 7.02% 7.06% 7.12% 7.25%
36-47 7.75% 8.37% 7.49% 7.53% 7.61%  7.75%
48-59 7.40% 8.26% 7.16% 7.20% 7.26% 7.40%
60-71 7.60% 8.85% 7.35% 7.39% 7.46% 7.60%
72-84 7.40% 8.91% 7.16% 7.20% 7.27% 7.40%
120 7.40% 10.42% 7.16% 7.20% 7.27% 7.40%

Key Features & Benefits:

  • 0.25% additional interest for Senior citizens up to Rs. 1 Cr Only

  • Invest with just Rs. 10,000/- for yearly option,  Rs. 25,000/- for monthly option and Rs. 10,000/- for quarterly/half-yearly/yearly option

  • Available for cumulative & non-cumulative deposits, both

  • Flexible Tenures

  • Interest payment frequency: Monthly, Quarterly, Half-yearly, Annual & Cumulative

  • Deposit can be placed by Resident Individuals, HUF, Limited, Private Limited Companies, NRI, Co-operative Societies, Association of Persons & Trusts

  • Quick Loan against Deposit facility

  • Premature Encashment Available

Who Can Invest

  • Resident Indian Citizens

  • NRI / PIO (Only through NRO A/c) (Max.3yrs)

  • HUF / Family Trusts Clubs/Association/Societies Sole Prop./ Partnership / Cos.

Mode of Deposit NEFT/RTGS Cheque
Beneficiary Name PNB Housing Finance Limited
payable to “PNB Housing Finance Limited"
Bank Account Number A/c 0159002100054540   
A/c 0159002100054540  
Bank Name PNB  
marked "Account Payee only"
IFSC PUNB0015900 
Bank branch Green Park Branch 

Premature Withdrawal

As per the Housing Finance Companies (NHB) Directions 2010, no premature withdrawal is allowed for a period of first 3 months from the date of deposit subject to regulatory conditions. In case of premature withdrawal after the expiry of 3 months, the following rates shall apply.

  • After three months but before six months – The maximum interest payable shall be 4% p.a. for individual depositors & no interest in case of other category of depositors.

  • After six months but before the date of maturity – The interest payable shall be 1% lower than the interest rate applicable to a public deposit for the period for which the deposit has run.

  • If no rate has been specified for the period for which the deposit has run – 2 % lower than the minimum rate at which the deposits are accepted.

  • For premature withdrawals of deposits, the duly discharged FDR with a revenue stamp of requisite value must be surrendered to the company. Premature withdrawals of single or jointly held fixed deposits shall be processed only after such a request is signed by all the depositors along with FDR duly discharged and a cancelled cheque leaf should be submitted.

  • In the event of the death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock-in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and only subject to the submission of proof of death and other requisite documents to the satisfaction of the Company.

About Company

PNB Housing Finance Limited (PNB Housing) 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. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016.

Company Financials
Financial Year
Ended on
Profit Before Tax
(Rs. in crore)
Profit After Tax
(Rs. in crore)
31-03-2022 1,062.77 821.92 NIL
31-03-2021 1,186.72 925.22 NIL
31-03-2020 825.00 682.31 NIL

Fixed Deposits At a Glance