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PNB Housing Finance Ltd is a subsidiary of Punjab National Bank (PNB), which holds 51% of share capital in the Company.

Rating - CRISIL FAAA

Regular Deposit upto ₹ 5 crore
Period (months) Cumulative* (p.a.) Non-Cumulative (p.a.)
Interest Monthly Quarterly Half-Yearly Yearly
12 - 23 8.05% 7.75% 7.80% 7.85% 8.05%
24 - 35 8.10% 7.80% 7.85% 7.90% 8.10%
36 - 47 8.20% 7.90% 7.95% 8.00% 8.20%
48 - 59 8.35% 8.05% 8.10% 8.15% 8.35%
60 - 71 8.45% 8.15% 8.20% 8.25% 8.45%
72 - 84 8.30% 8.00% 8.05% 8.10% 8.30%
120 8.25% 7.95% 8.00% 8.05% 8.25%
Minimum Amount ₹ 10,000 ₹ 25,000 ₹ 10,000 ₹ 10,000 ₹ 10,000
Special Deposit upto ₹ 5 crore
Period (months) Cumulative* (p.a.) Non-Cumulative (p.a.)
Interest Monthly Quarterly Half-Yearly Yearly
15 8.10% 7.80% 7.85% 7.90% 8.10
22 8.15% 7.85% 7.90% 7.95% 8.15
30 8.20% 7.90% 7.95% 8.00% 8.20
44 8.35% 8.05% 8.10% 8.15% 8.35
Minimum Amount ₹ 10,000 ₹ 25,000 ₹ 10,000 ₹ 10,000 ₹ 10,000
Regular Deposit upto ₹ 5 crore
Period (months) Cumulative* (p.a.) Non-Cumulative (p.a.)
Interest Monthly Quarterly Half-Yearly Yearly
12 - 23 8.05% 7.75% 7.80% 7.85% 8.05%
24 - 35 8.10% 7.80% 7.85% 7.90% 8.10%
36 8.20% 7.90% 7.95% 8.00% 8.20%
Minimum Amount ₹ 10,000 ₹ 25,000 ₹ 10,000 ₹ 10,000 ₹ 10,000
Special Deposit upto ₹ 5 crore
Period (months) Cumulative* (p.a.) Non-Cumulative (p.a.)
Interest Monthly Quarterly Half-Yearly Yearly
15 8.10% 7.80% 7.85% 7.90% 8.10
22 8.15% 7.85% 7.90% 7.95% 8.15
30 8.20% 7.90% 7.95% 8.00% 8.20
Minimum Amount ₹ 10,000 ₹ 25,000 ₹ 10,000 ₹ 10,000 ₹ 10,000
* For cumulative option, interest rate is compounded annually on March 31st

The Documents required are as follows:

  1. Duly Filled Application Form
  2. Cheque in favour of ‘PNB Housing finance limited’ and crossed ‘Account Payee only’
  3. All documents should be self-attested
  1. Passport size photograph
  2. Proof of Identity (POI): Passport, PAN Card, Voter ID Card, Driving License, Aadhaar Card, Ration Card, Job Card issued by NREGA
  3. Proof of Address (POA): Passport, Driving License, Voter ID Card, Aadhaar Card , Accommodation letter from employer ,Documents by foreign authorities ,property/municipal tax receipt , Latest Utility Bill [electricity, telephone, postpaid bill, piped gas, water bill (none of these should be more than two months old)], Latest Bank Account Statement, Job Card issued by NREGA
  1. Self-attested PAN card bearing the name of the HUF
  2. Deed of declaration
  3. Bank account statement in their name of HUF
  4. KYC documents of all the adult members of HUF
  1. PAN card
  2. Deed of declaration
  3. List of authorized signatories with specimen signatures
  4. Name and address of Partners
  1. Registration Certificate
  2. PAN card
  3. GST or Income Tax Returns
  4. GST certificate
  5. Utility bill not more than 2 months old
  6. Certificate of registration document issued by municipal authorities under shop and establishment act
  7. Complete Income Tax Return (not just the acknowledgement) in the name of sole proprietor where the firm’s income is reflected
  1. PAN card
  2. Certificate of incorporation
  3. Memorandum and Articles of Association
  4. Board Resolution
  5. List, signature and ID as well as address proof of authorized signatories
  1. Certificate of Registration, if registered. Resolution of managing body, if unregistered
  2. Power of Attorney granted to transact business on its behalf
  3. Trust Deed or any officially valid document to identify the trustees, settlers, beneficiaries and those holding Power of Attorney, founders/managers/ directors and their addresses
  4. Utility bill
  5. PAN card
  1. PAN card, if available
  2. Nationality
  3. Tax Identification Number (TIN) or a unique number allotted to individual by Government of the country
  4. A certificate from the government of the country
  5. Address for which the certificate issued by Government is applicable

Request for premature withdrawal may be permitted at the sole discretion of the company.

The company at the request of the depositor may repay the deposit before maturity. Interest on premature repayment of deposit shall be paid as under:

Period completed from date of deposit Individuals Non-Individuals
Minimum lock in period.Provided that upon being satisfied, in order to meet certain expenses of an emergent nature, not more than 50% of the amount of principal sum or `5 lacs, whichever is lower, can be paid before the expiry of 3 months from the date of acceptance of deposit, without interest. Provided further, in cases of critical illness (as per IRDAI (Health Insurance) Regulations, 2016), 100% of the amount of principal sum canbe repaid prematurely, without interest. 3 months 3 months
After three months but before six months 4 % p.a No interest
After six months but before the Date of Maturity For Individuals and Non - Individuals the interest payable shall be 1% lower than the interest rate applicable to a public deposit for the period for which the deposit has run.
If no rate has been specified for the period for which the deposit has run 2% lower than the minimum rate at which the deposits are accepted.

The brokerage is paid upfront for the entire period of deposit to our authorised agent. In case of premature withdrawal the brokerage is payable for the period completed and excess brokerage paid will be recovered from the deposit amount.

In case of Corporate the premature withdrawal of deposit shall be at the sole discretion of the Company and shall be made at least 7 days in advance.

Loans may be granted against public deposits upto 75% of the principal deposit amount carrying Interest @2% per annum above the deposit Interest Rate and other additional charges applicable on such deposit, provided the deposit has run for a minimum period of three months. On maturity the outstanding loan together with interest shall be settled in one lump sum by the depositor or shall be adjusted on maturity of the deposit. However, the granting of the loan will be at the sole discretion of the company.