PNB Housing Finance has changed the interest rates offered on Fixed Deposits. The company says that now on FDs of less than 5 crores, the company will pay the highest interest of 7.25%.
PNB Housing Finance has revised the interest rates offered on fixed deposits. The company says that now on FDs of less than 5 crores, the company will pay the highest interest of 7.25%.
The increased new rates are applicable from August 10. Let us tell you that in the recent meeting of the monetary policy of RBI, it was decided to increase the repo rate by 50 basis points. RBI increased the repo rate by 50 basis points to control inflation, which has now increased to 5.40 percent. Since then, many banks have increased the interest rates of FDs.
PNB FD Rates
PNB Housing Finance will pay an interest of 6.50% on cumulative FDs made on maturity of 12 to 23 months. Whereas the company 6.55% on FDs made for 24 to 35 months, 7.25% on FDs made for 36 to 47 months, 7.15% on FDs made for 48 to 59 months, FDs made for 7 to 71 days But 7.30% and FDs made for 72 to 84 months will pay an interest of 7.25%.
At the same time, PNB Housing Finance will now pay an interest of 7.25% on FDs made for 120 months.
non-cumulative interest rates
PNB Housing Finance will currently offer a monthly interest rate ranging from 6.1% to 7.02% on non-community FDs for 12 to 120 months. Whereas for the same number of tenures, the quarterly interest rate ranges from 6.35% to 7.06%, the half yearly 6 will pay 40 to 7.12% and the annual interest rate ranges from 6.50% to 7.25%.
Senior citizens will get even more benefits
PNB Housing Finance has decided to pay additional interest to its senior citizens. PNB Housing Finance will pay 0.25% more interest on FDs to its senior citizens than normal.
