PNB Housing Finance FD Interest Rates 2025

What is PNB Housing Finance FD?

PNB Housing Finance FD is a fixed deposit scheme that allows investors to earn interest either at maturity or at regular intervals (monthly, quarterly, yearly, etc.). Deposits of up to ₹5 crore are accepted, with an additional 0.25% p.a. interest for senior citizens on deposits up to ₹1 crore. There is a minimum lock-in duration of 3 months, and premature closures are allowed under special conditions.

Key Benefits of PNB Housing Finance Fixed Deposit

Here are the main advantages of PNB Housing Finance Fixed Deposit: 

• High safety ratings: Backed by CARE ‘AA+/Stable’ and CRISIL ‘AA/Positive’ ratings, ensuring strong creditworthiness and deposit security for investors.
• Doorstep service: Senior citizens can opt for doorstep document collection, making the fixed deposit application process more accessible and convenient.
• Flexible interest payout options: Interest can be received monthly, quarterly, half-yearly, annually, or at maturity, offering flexibility in managing periodic income needs.
• Dedicated relationship managers: Personalised support is available through trained relationship managers across 100+ branches in 35 cities for seamless customer service.
• Premature withdrawal allowed: PNB Housing Finance allows premature withdrawal, subject to lock-in and penalty. It offers 4.00% p.a. for individuals for tenures between 3–6 months, a 1% lower rate beyond 6 months, and 2% below the minimum rate if no matching tenure exists.
• Sweep-in Facility: Automatically transfers surplus funds from your savings account to your FD in fixed multiples, helping you earn higher interest while maintaining easy access to money when required.

PNB Housing Finance FD Interest Rates 2025

Here are the most recent interest rates for a few different types of fixed deposits that PNB Housing Finance offers, grouped by investment type and term:

Interest Rates for Deposits up to ₹5 Crore

*PNB Housing Finance FD Interest Rates w.e.f. 20th June 2025
**Additional 0.25% p.a. for senior citizens on deposits up to ₹1 crore.

Check with different banks to find the best FD interest rates in India. Select an FD that fits your needs.

How to Open PNB Housing Finance FD?

You can open a PNB Housing Finance FD using either the online or offline method, depending on your convenience. Here’s how:

1. Online Method

   For PNB Housing Finance users who already use internet banking:

   • Go to the official PNB Housing Finance website.
   • Navigate to the section labelled "Contact Us for Deposits" or similar.
   • Enter your basic details, including your contact number and intended deposit amount, in the online form.
   • A bank representative will get in touch with you within 48 hours to proceed with document verification and complete the FD booking process.

2. Offline Method

   For people who would rather go to a branch or prefer doorstep service:

   • Visit the nearest PNB Housing Finance branch to collect the fixed deposit application form.
   • Fill out the form carefully and attach self-attested KYC documents such as your PAN and Aadhaar card.
   • If you have requested doorstep service, you may submit the documents directly to an authorised PNB Housing representative at your residence.
   • Once your documents and form are verified, your FD will be processed, and the FD certificate will be dispatched to your registered address.

Documents Required for PNB Housing Finance FD

You might need the following documents to open a PNB Housing Finance FD:

1. For Resident Individuals

   • Passport-size photo
   • Self-attested copy of PAN
   • Self-attested copy of Aadhaar/Voter ID/Driving License/Passport/NAREGA Card

2. For Non-Resident Indians (NRIs)

   • Self-attested copy of passport (first and last four pages)
   • Valid visa/work permit
   • Overseas and Indian address proof

Taxation on PNB Housing Finance FD Interest

Under "Income from Other Sources," interest income from PNB Housing Finance FD is fully taxed. If total FD interest in a financial year exceeds ₹50,000 for regular customers or ₹1 lakh for senior citizens, 10% TDS is deducted (if PAN is provided). Without PAN, the TDS rate rises to 20%. To avoid TDS, individuals with income below the taxable limit can submit Form 15G or 15H. No matter how much TDS is taken out, all interest received must be reported on the income tax return (ITR).

Key Takeaways

PNB Housing Finance FD interest rates have 7.10% p.a. as their maximum interest rate on the general investor and 7.35% p.a. as their maximum interest rate on senior citizens, and the tenures vary between 12 months to 60 months. Interest may be payable at a quarterly period, half-yearly, annually or at maturity. The deposits are safe due to the good credit ratings of CARE and CRISIL. They can withdraw prior to 3 months, provided a rate adjustment is applicable. The FD can be opened online or through a doorstep facility, which is convenient for elderly citizens. Check which bank has the highest FD rate to compare options that best suit you.