PNB Housing Finance, one of the leading housing finance companies in India, has introduced a time-limited promotion featuring revised fixed deposit interest rates of up to 8.30% for senior citizens. The offer is valid from February 20, 2024 to March 31, 2024 and is applicable for deposits of up to Rs. 5 crore.
The company claims that this is the highest interest rate offered by any housing finance company in the country and is aimed at providing a safe and secure investment option for senior citizens amid the volatile market conditions. The fixed deposit scheme is rated ‘FAAA’ by CRISIL and ‘MAAA’ by ICRA, indicating a high level of safety and stability.
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PNB Housing Finance
According to the company’s website, the revised interest rates for senior citizens are as follows:
- For deposits of 12 to 23 months, the interest rate is 7.80% per annum, payable monthly, quarterly, half-yearly or annually.
- For deposits of 24 to 35 months, the interest rate is 8.00% per annum, payable monthly, quarterly, half-yearly or annually.
- For deposits of 36 to 47 months, the interest rate is 8.10% per annum, payable monthly, quarterly, half-yearly or annually.
- For deposits of 48 to 59 months, the interest rate is 8.20% per annum, payable monthly, quarterly, half-yearly or annually.
- For deposits of 60 to 120 months, the interest rate is 8.30% per annum, payable monthly, quarterly, half-yearly or annually.
The company also offers an additional interest rate of 0.25% for existing customers and 0.15% for new customers who invest online through the company’s website or mobile app. The minimum deposit amount is Rs. 10,000 and the maximum is Rs. 5 crore. The fixed deposit scheme is available for individuals, Hindu Undivided Families (HUFs), partnership firms, companies, trusts, societies and associations.
PNB Housing Finance’s fixed deposit scheme is a lucrative opportunity for senior citizens who are looking for a steady source of income and a high return on their savings. The company has a strong track record of servicing its customers and has a network of over 100 branches across the country. The company is also backed by Punjab National Bank, one of the largest public sector banks in India, which holds a 32.65% stake in it.
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To avail the offer, senior citizens can visit the company’s website or call the toll-free number 1800 120 8800. They can also visit the nearest branch of PNB Housing Finance or any of its authorised agents. The company assures a hassle-free and quick process of opening a fixed deposit account and provides a free doorstep service for document collection and verification.
PNB Housing Finance’s exclusive fixed deposit interest rates for senior citizens is a limited period offer that expires on March 31, 2024. Senior citizens who are looking for a safe, secure and high-yielding investment option should not miss this opportunity and act fast to benefit from this offer.
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