The special interest rates are applicable on all new and renewed fixed deposits booked until 31st March 2024
FinTech BizNews Service
Mumbai, February 19, 2024: PNB Housing Finance, one of India’s leading housing finance companies, today announced an attractive limited-period offer on its Fixed Deposits, introducing highly competitive interest rates of 8% p.a. for individuals up to 60 years and 8.30% p.a. for senior citizens for a tenure of 23 months. The special interest rates are applicable on all new and renewed fixed deposits booked until 31st March 2024, with a minimum deposit amount of INR 10,000, providing investors a secure path for wealth growth.
Mr. Girish Kousgi, MD & CEO, PNB Housing Finance, commented, “Fixed deposit is a secure investment tool not only for customers looking to embark on their financial investment journey, but also for those with a moderate or low risk appetite. We are excited to announce our limited-period attractive interest rate offer on fixed deposits to encourage investors to adopt healthy investment habits. We are committed to delivering innovative and customized financial solutions that align with the evolving needs of our customers and help them save for the future.”
PNB Housing Finance is the largest deposit book holder housing finance company in India, with total public deposits of INR 17,134 crore as on 31st December 2023. Its deposits have been rated CRISIL ‘AA/Positive’ & CARE ‘AA/Positive’, indicating a strong level of trust and confidence among investors. The Company offers its fixed deposit to customers through a strong distribution network of 18K+ channel partners, along with doorstep services, robust technology and digital capabilities, and dedicated customer service managers for a seamless experience.
About PNB Housing Finance Limited
PNB Housing Finance Limited (NSE: PNBHOUSING, BSE: 540173) is promoted by Punjab National Bank and is a registered Housing Finance Company with National Housing Bank (NHB). The Company was listed on the Indian stock exchanges on 07 November 2016. The Company’s asset base comprises retail loans and corporate loans. The retail business focuses on mass housing segment financing for the acquisition or construction of houses. In addition, it also provides loans against properties and loans for the purchase & construction of non-residential premises. PNB Housing Finance is a deposit-taking Housing Finance Company.
