|PNB HOUSING FINANCE LIMITED|
|FAA+/Negative rating by CRISIL and AA+/Negative by CARE|
|Interest Rates applicable for deposit upto Rs. 5 crores only|
|Tenure (Months)||Rate of Interest||Cumulative Yield||Monthly||Quarterly||Half Yearly||Yearly|
Key Features & Benefits:
High Stability and Credibility with FAA+/Negative rating by CRISIL and AA+/Negative by CARE
Available for cumulative & non-cumulative deposits, both
Interest payment frequency: Monthly, Quarterly, Half-yearly, Annual & Cumulative
Deposit can be placed by Resident Individuals, HUF, Limited, Private Limited Companies, NRI, Co-operative Societies, Association of Persons & Trusts
Quick Loan against Deposit facility
Premature Encashment Available
BANK DETAILS (RTGS/NEFT)
|Mode of Deposit||NEFT/RTGS||Cheque|
|Beneficiary Name||PNB Housing Finance Limited
||payable to “PNB Housing Finance Limited"
|Bank Account Number||A/c 0159002100054540
||marked "Account Payee only"|
|Bank branch||Green Park Branch
As per the Housing Finance Companies (NHB) Directions 2010, no premature withdrawal is allowed for a period of first 3 months from the date of deposit subject to regulatory conditions. In case of premature withdrawal after the expiry of 3 months, the following rates shall apply.
After three months but before six months – The maximum interest payable shall be 4% p.a. for individual depositors & no interest in case of other category of depositors.
After six months but before the date of maturity – 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.
For premature withdrawals of deposits, the duly discharged FDR with a revenue stamp of requisite value must be surrendered to the company. Premature withdrawals of single or jointly held fixed deposits shall be processed only after such a request is signed by all the depositors along with FDR duly discharged and a cancelled cheque leaf should be submitted.
In the event of the death of a depositor, the Company may repay the Deposit prematurely (irrespective of the lock-in period) to the surviving depositor (which in the case of joint holders will be the first in the sequence of applicants in the Application) or to the nominee/ legal heir(s) of the deceased depositor, upon the request of surviving depositor/s/nominee/legal heir, as the case may be, and only subject to the submission of proof of death and other requisite documents to the satisfaction of the Company.
PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016.
Profit Before Tax
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Profit After Tax
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