Many big banks are increasing their fixed deposit rates, RD rates and savings bank account rates. The name of a big housing finance company has also been added to this list.
New Delhi. After the increase in the policy rate by the Reserve Bank of India (RBI), the process of increasing the interest rates on fixed deposits of banks is going on. Many banks in the country have announced an increase in the rate of their FDs. The names of finance companies have also been included in this episode. Now PNB Housing Finance has changed the interest rates given on FD.
PNB Housing Finance Limited (PNB Housing) a registered housing finance company with National Housing Bank (NHB) has revised its interest rates on fixed deposits of less than ₹5 crore. According to the company’s official website, the new rates will be effective from October 7, 2022.
Know that after the new rate
revision, it is now offering an interest rate of 7.00% to 7.40% on deposits maturing in 12 to 120 months. PNB HFL is now offering a maximum interest rate of 7.55% on fixed deposits with maturity between 36 and 47 months.
FD Rates of PNB Housing Finance
>> Offering interest rate of 7.00% on deposits maturing in 12 to 23 months >> On deposits maturing in
24-35 months, PNB Housing Finance offers an interest rate of 6.80% will offer.
>> Fixed deposits maturing in 36-47 months will now get an interest rate of 7.55%.
>> Deposits maturing in 48-120 months will get an interest rate of 7.40%.
For Senior Citizens
PNB Housing Finance Limited is offering 0.25% higher interest rate for Senior Citizens (above 60 years of age). Your Fixed Deposit can be prematurely withdrawn as per the rules of PNB Housing. After the mandatory lock-in period of three months, the Fixed Deposit can be withdrawn. However, the account holders will be fined for this.
PNB Housing Finance has stated on its website that “You have the option of premature withdrawal from your Fixed Deposit Account anytime after three months from the date of deposit. Interest at the rate of 4% per annum will be paid to persons making premature withdrawals within six months from the date of deposit. For premature withdrawals after six months, an interest rate of 1% less than the interest rate applicable to public fixed deposits is offered for the period for which the deposit is made.
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