Lifestyle

Did you know PNB Housing Finance offers Deposits?

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To be honest, I am at that age where the need or desire to own my own house is becoming vehement with each passing day. Being married for a few years probably did that to me, besides just seeing it as an investment. I am sure a lot of you would relate!

By now I think most of us are already aware about PNB Housing Finance Limited. Well if not, then let me share some details quickly before we get to the subject.

PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). Incorporated under the Companies Act, in 1956, it commenced its operations on November 11, 1988. Further, the company’s equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016.

What makes them more reliable is, with over three decades of specialised experience in housing finance, PNB Housing has a robust network of branches spread across the country which help its customers avail financial services (loans and deposits) seamlessly.

To enable people to not just dream but actually owning a house of their dreams, PNB Housing helps provides competitive and easily accessible home loans.

Besides just providing home loans (for home purchase, extension, construction, buying a residential plot of land or home improvement) PNB Housing also provides non-home loans (loans for commercial property, loan against property, lease rental discounting and loans to real estate developers).

Coming to the topic, did you know PNB Housing offers Deposits? PNB Housing Finance Deposit offers make our lives more convenient by giving us highly competitive interest rates to ensure that customers’ money grows consistently with the Company with safety. PNB Housing is actually the 5th largest Housing Finance Company with an asset book size of above INR 62000 Crore & 2nd largest Housing Finance Company in terms of Fixed Deposit, with a deposit book size of more than INR 11500 Crore.

A few things that I would like to share with you guys on the same.

Key highlights of PNB Housing Finance Ltd. Fixed Deposit scheme:
· Rating of fixed deposit – Highest Safety Rating – “CARE AAA” & “CRISIL FAAA/ Stable” – This rating indicates that the degree of safety regarding timely payment of interest and principal is Very Strong.
· Safe and secure investments.
· Various tenures ranging from 12 months to 120 months.
· Product Range – Cumulative & Non-Cumulative Deposits.

*For cumulative option, interest rate is compounded annually on March 31st. The tentative yield to maturity is mentioned for the lowest tenure of the specific grid. In a scenario where the customer chooses for special tenure deposit, ROI applicable for special tenures would apply and not the normal tenure rates.

The above rates are valid upto INR 5 Crores of deposits, for deposit above INR 5 Crores deposit rates please feel free to reach to us for rates.

For placing the deposits, please see that the following KYC shall be required:
· Board Resolution – for investment
· Registration Certificate
· PAN card copy
· Address Proof
· Specimen signature –Authorized signatories
· KYC of Authorised Signatories

For more information you can either check online: https://www.pnbhousing.com/
Or their toll free number: 18001208800

 

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