PNB Housing Finance FD Interest Rates 2026

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 per month. There is a minimum lock-in duration of 3 months, and premature closures are allowed under special conditions.

PNB Housing Finance FD: Key Highlights 

PNB Housing Finance FD Interest Rates 2026

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:

Revised rates up to ₹5 crore

Note: PNB Housing Finance FD interest rates w.e.f 1st Jan, 2026. An additional interest rate of 0.25% for Senior citizen deposits, applicable for deposits up to ₹ 1 crore per month.  

Senior Citizens Rates for Deposit up to ₹1 crore 

Note: PNB Housing Finance FD interest rates for senior citizens w.e.f 1st Jan, 2026.

Types of PNB Housing Finance Schemes 

1. Cumulative Deposits 

   In a cumulative deposit, interest is compounded annually and paid with the principal at maturity. This is an excellent option if you're looking to build a large corpus over time, as the compounded interest helps your savings grow significantly.  

   • Minimum Deposit Amount - Rs 5000
   • Higher Returns - Interest is compounded annually

2. Non-Cumulative Deposits 

   A non-cumulative deposit allows you to receive regular interest payouts, which can be a great source of income to cover daily or monthly expenses. You can choose from various payout frequencies.  

   • Interest Payout Options - monthly, quarterly, half-yearly, or annually. 
   • Minimum Deposit - Rs 5,000
   • Regular Income - Get steady, predictable interest payouts

3. Joint Fixed Deposit 

   You can open a joint fixed deposit account with up to two applicants at Mahindra Finance. For an "Either or Survivor" account, either of the depositors can discharge the deposit at maturity. However, for a premature payment or a PNB Housing loan against FD, the signatures of all depositors are required.

   • Shared Financial Goals: It's an excellent way for couples, family members, or business partners 
   • Simplified Management: Joint account streamlines the investment process
   • Applicants - Up to 2 

4. Fixed Deposit for Non-Resident Indians (NRIs) 

   Mahindra Finance accepts fixed deposits from NRIs on a non-repatriation basis, meaning the principal and interest cannot be transferred back to your country of residence. Deposits must be made in Indian Rupees from your NRO (Non-Resident Ordinary) account. 

   • Maximum Tenure - 3 years 
   • TDS - Applicable for Deduction 

5. Corporate Deposit 

   Mahindra Finance offers a Corporate Deposit scheme for a variety of entities, including Body Corporates, Private/Public Limited Companies, and other Financial Institutions.. You can make the deposit using an account payee cheque drawn in favor of "Mahindra Finance." Interest begins accruing from the date the company receives the funds.

   • Minimum Deposit Amount - Rs 10,000
   • Maximum Deposit Amount - No Limit 
   • Tax Efficiency - Tax Deducted at Source

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, allowing you to manage periodic income needs.
• Dedicated relationship managers: Personalised support is available through trained relationship managers across 100+ branches in 35 cities for seamless customer service.
• Higher Rate of Interest for Senior Citizens: PNB Housing offers a 0.25% higher FD interest rate for senior citizens.
• 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.

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:

Online Method

For PNB Housing Finance users who already use internet banking:

• Netbanking: Go to the official PNB Housing Finance website.
• Go to Contact Us for Deposits - Navigate to the section labelled "Contact Us for Deposits" or similar.
• Enter your details - Enter your basic details, including your contact number. 
• Enter the Amount details - Enter the deposit amount in the online form.
• Verification Check - A bank representative will get in touch with you within 48 hours 
• Complete Your Process - Complete the FD booking process

Offline Method

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

• Visit the Branch - Visit the nearest PNB Housing Finance branch 
• Ask for the FD Form -  Collect the fixed deposit application form
• Attach Documents - Fill out the form carefully and attach self-attested KYC documents 
• Door-Step Service - You may submit the documents directly to an authorised PNB Housing representative at your residence.
• Verification- Your documents and form will be verified
• Certificate Dispatch - After the verification, the FD certificate will be dispatched to your address.  

Eligibility 

These people are eligible for the PNB Housing Finance FD. Make sure to check before applying - 

• A resident Indian citizen
• Hindu Undivided Family (HUF)
• Sole Proprietorships
• Partnership Firms
• Companies
• Family trusts
• Minors under a lawful guardian
• Charitable and Religious Trusts
• Association of Persons
• Co-operative Societies incorporated in India

Key Takeaways

PNB Housing Finance FD interest rates range from 6.90% p.a. for terms of up to 5 years. The deposits are safe due to the good credit ratings of CARE and CRISIL. They can withdraw up to 3 months before, 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.