Pnb Deposit Rates
#1 PNB Short Term FD Rates You need to know that the rate of interest you’ll be getting for choosing short term deposits are something near about 4.50% to 6.60% P/A. It is for 7 Days to 1 Year Tenure. #2 PNB Medium Term FD Rates. Fixed Deposit Rates - PNB Housing offers one of the best FD interest rates in India Check current FD rates Up to 6.95% ROI Senior Citizen FD Rates. The current interest rates applies to PNB Peso time deposits that range 1 year for amounts 5M. The rate of 1.125% is 0.38% lower than the average 1.5%. Also it is 0.625% lower than the highest rate 1.75 Updated Jun, 2018 on Philippine National Bank's secure website. PNG Housing fixed deposit interest rates are higher than others. It offers various saving schemes to customers to make a choice. You can select any of these to invest your money for a pre-defined period. FD @ 8.00%. Rate.
A Savings Account is very beneficial with multiple advantages as detailed below:
(1) Earns Interest on your Savings
This is the first and foremost benefit of opening a savings account. It starts earning interest on your money as soon as it is deposited. The interest rate is decided solely by the bank and changes from time to time. Regular interest depends upon the balance of the savings account.
Interest rate in savings account ranges from 3.5% to 7%.
(2) Provides Security of Funds
There is no risk involved in your savings account. It is considered as one of the safest investment alternatives. It even offers you the opportunity to put your money into another investment whenever the time comes.
(3) No Lock-in Period
There is no lock-in period under savings account which means that you can withdraw your deposits anytime you need. There is no need to keep your money in this account for any specific period. You have full flexibility in withdrawal of amount from it.
(4) Offers Liquidity
You can withdraw the amount anytime 24X7 with the use of ATM card or debit card from your account during any emergency even when the bank is closed. In fact, being able to access your money when you need it, is one of the biggest benefit of having a savings account.
(5) Availability of Variety of Savings Account
Many banks offer comprehensive range of savings accounts from regular to premium suiting to your personal banking needs. There are different types of savings accounts offered by various banks that differ based on the interest rates and duration of time commitments. You can choose any of them which suits your financial objectives and requirements.
(6) Services of Customer Relation Manager
Now-a-days many of the banks engage a Customer Relation Manager (CRM) who will help not only solve your queries but also assist you in tax saving, investment, mutual fund schemes, insurance, bank procedures, etc. You need to just call your CRM and he/ she will assist you solve your problem.
(7) Online Banking Facilities
If you maintain a savings account, you can make many transactions online also such as payment of bills, fund transfers using RTGS/ NEFT or IMPS, etc. This will save your time and efforts.
(8) Provides ATM/ Debit Card
You will be offered a debit or ATM card with a nominal charge or without any charges, as offered by your bank. With the help of this card, you can withdraw the funds, make transactions in shops, make payments of bills, etc.
(9) Helps you Get Credit or Loan
The relation you maintain with the bank will help you in getting credits from the bank such as home loan, personal loan. You will also be in a position to negotiate with the banker on the interest rates.
(10) No Cap on Deposits
There is no limit on the amount deposited and number of times it is deposited.
Pnb Fixed Deposit Rates
(11) Facility to link Loan EMIs, Mutual Fund SIPs or RD deductions
You get a facility to link your monthly loan EMIs, Mutual Fund SIPs or RD deductions through the savings bank account.
(12) Free Mobile App
Most of the banks provide their mobile app for free. Through this app, you can get to know your account balance, check your statement, make transactions, easy transfer of money, etc.
Table of Contents
- 1 About PNB Housing Fixed deposit
- 1.3 Documents Required
About PNB Housing Fixed deposit
Fixed deposit is the safest mode of investment, which offers you higher returns on your investment. It not only offers you higher returns but at the same time, it offers you peace of mind as there is no market risk linked with this investment instrument. PNB Housing offers safe investment option for those who want to grow their money and earn higher interest. PNG Housing fixed deposit interest rates are higher than others. It offers various saving schemes to customers to make a choice. You can select any of these to invest your money for a pre-defined period.
PNB Housing Fixed Deposits Interest Rates
Regular Deposit Up to INR 5 Crore
| Tenure (Months) | Cumulative Option ROI (p.a.) | Non Cumulative Option ROI (p.a.) | ||||
|---|---|---|---|---|---|---|
| Return on Investment | Tentative Yield to Maturity | Monthly | Quarterly | Half Yearly | Yearly | |
| 12 - 23 | 6.20% | 6.20% | 6.03% | 6.06% | 6.11% | 6.20% |
| 24 - 35 | 6.45% | 6.66% | 6.27% | 6.30% | 6.35% | 6.45% |
| 36 - 47 | 6.60% | 7.05% | 6.41% | 6.44% | 6.49% | 6.60% |
| 48 - 59 | 6.60% | 7.28% | 6.41% | 6.44% | 6.49% | 6.60% |
| 60 - 71 | 6.70% | 7.66% | 6.50% | 6.54% | 6.59% | 6.70% |
| 72 - 84 | 6.70% | 7.93% | 6.50% | 6.54% | 6.59% | 6.70% |
| 120 | 6.70% | 9.13% | 6.50% | 6.54% | 6.59% | 6.70% |
Note – Senior Citizens can get special rates for deposits upto INR 1 Cr. Rest all terms and conditions remain the same.
Benefits of PNB Housing Fixed Deposit
- PNB Housing fixed deposit has been ranked among the top investment tools for its features and benefits. Rated as CARE-AAA’ & CRISIL “FAAA/Negative”-this rating indicates that the degree of the safety regarding timely payment of interest and principal is very strong and high.
- No tax deductions for the interest amount below Rs. 5000 per financial year.
- Loan facility is available up to 75% of deposit amount from all branches of PBN housing and PNB.
- You get the facility of cheque encashment in respect of interest and repayment of deposits from any of the PNB branch.
- It also offers you facility of premature cancellation after 3 months based on the discretion of the company.
- You will get the nomination facility as per NHB guidelines.
- Special rate of interest for senior citizens additional 0.25% rate of interest applicable for deposits up to INR 1 crore.
Documents Required
- Duly filled application form along with recent photograph
- Age proof such as valid passport, the certificate of statutory authority, driving license, etc.
- Residence proof such as driving license, telephone bill, electricity bill, ration card, voter id, any other valid certificate from statutory authority.
Premature Cancellation
All fixed deposits have minimum lock in period of 3 months.
The interest rates for pre-payment of deposits as follows:
Pnb Housing Deposit Rates
Pnb Term Deposit Rates
- If you will withdraw your money before the maturity, then you need to pay the penalty on that in form of lower interest. If you withdraw money after three months, but before six months, the maximum interest payable shall be 4% per annum for individual depositors & no interest in the case of another category of deposits.
- If you will withdraw your money after six months but before the date of maturity, in that case, you will get 1% lower interest than the actually applicable interest rate to a public deposit for the duration of which you have fixed the amount.