Introduction: PNB Housing Finance Limited (PNBHFL) 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. PNBHFL is a majority-owned subsidiary of Punjab National Bank (wherein PNB has a stake of 51% in PNBHFL).

With over two decades of specialised experience in housing finance, PNBHFL has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.

Credit Rating of PNBHFL:

About Fixed Deposit Scheme:

PNBHFL FD products bring with them the stability of its 28 years of successful business presence.

"We have around 7000 Crores of FD Book Size PAN INDIA"

Key Highlights of the Fixed Deposit Scheme:

·                Our Fixed Deposit has been rated "CRISIL FAAA" – Indicating highest level of safety.

·                We have  Monthly,Quaterly,Half yearly & Annually interest payout options which is paid by RTGS to the investors account.

·                 For Cumulative option, Interest is Compounded Annually on 31^st March.

·                Senior Citizens(Above 60 Years) will be eligible for 0.25% additional rate of interest up to 1 crore of Deposits.

·                Safe, secure earnings of short/medium/long term investments.

·                High returns for longer tenures up to 120 months and yield to maturity up to 11.79%.

·                 Prompt and timely payments.

·                 Hassle free process.

·                 Minimum Deposit –

§  Rs.20000/- For Cumulative Option.

§  100000/- for Monthly Interest payout Option.

§  50000/- for Quarterly Interest payout Option.

§  20000/- for Half Yearly Interest Payout Option.

§  20000/- for Annual Interest Payout Option.

·                 Investments could be made through Individuals, HUFs, Public / Private Companies, Co   – Operative Societies, Co – Operative Banks, Association of Person, Non Resident Individuals and Trusts.

·                Exemption of Tax for Trust Investments - PNBHFL is a Public Sector Company within the meaning of the Income Tax Act 1961 and hence the trusts which are formed for education and charitable purpose can make their deposits with PNBHFL as this will enable them to claim tax exemption on the amount invested.