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Punjab National Bank Housing Finance Corporate FD
The Punjab National Bank Housing Finance Corporate FD tenure ranges from min 1 Year to max 5 Year 1 Months 7 Days . The ROI ranges from 6.00% to 7.25 % for the general public. The lock-in period for this scheme is 5 Year 1 Months 7 Days
Punjab National Bank Housing Finance Corporate FD Scheme for amount ranging from ₹ 10,000 to ₹ 5.0 Cr
The rate of interest for deposited amount ranging from ₹ 10,000 to ₹ 5.0 Cr is as below
Tenure | Interest Rate for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
|---|---|---|
| 1 Year Upto 1 Year | 6.00% p.a. | 6.25% p.a. |
| Upto 3 Year | 6.85% p.a. | 7.05% p.a. |
| Upto 5 Year 1 Months 7 Days | 7.25% p.a. | 7.50% p.a. |
Key features of Punjab National Bank Housing Finance Corporate FD Scheme
Summary of Punjab National Bank Housing Finance Corporate FD Scheme features :
| Mutual Fund Schemes | Corporate FD |
| CRISIL Rating | AA+CRISIL Rating |
| Lock-in Days | 5 Year 1 Months 7 Days |
| Loan Against FD | NA |
| Pre-mature Withdrawal | -- |
| FD Nominee | -- |
| Tenure | 1 Year to 5 Year 1 Months 7 Days |
| General Public | 6.00% to 7.25 % |
| Senior Citizen | 6.25% to 7.50 % |
| Amount | Rs.10,000 to Rs.500,00000 |
*Interest rates are subject to change at the discretion of the bank. These Interest rates are with effect from 10 November 2021.
What is PNB Housing Finance Corporate FD
PNB Housing Finance offers Corporate Fixed Deposits (FDs) to corporate entities such as corporations, partnerships, trusts, and associations as an investment option. Corporate entities can invest excess funds in Punjab National Bank Housing Finance Corporate FDs and earn competitive interest rates. Corporate FDs provide flexible tenure options ranging from 12 to 120 months, with interest rates determined by deposit amount, tenure, and other factors. The deposits also include flexible interest payout options such as monthly, quarterly, semi-annually, and annually, allowing corporate entities to choose the frequency of their interest payouts.
Eligibility Criteria for Punjab National Bank Housing Finance Corporate FD
- Corporate FDs from PNB Housing Finance are intended for corporate entities such as corporations, partnerships, trusts, and associations.
- Depending on the type and nature of the corporate entity, the eligibility criteria for Corporate FDs may differ.
Corporate entities interested in investing in PNB Housing Finance Corporate FDs should contact the bank directly to learn more about the specific eligibility criteria and documentation requirements.
Documents Required to open a Punjab National Bank Housing Finance Corporate FD
The documents required to open a PNB Housing Finance Corporate FD may differ depending on the corporate entity’s type and nature.
- PAN card
- Address proof
- Identity proof
- Certificate of incorporation
- Partnership deed and trust deed
These are some of the common documents required for opening a Corporate FD.
Corporate entities interested in investing in PNB Housing Finance Corporate FDs may need to contact the bank to inquire about specific documentation requirements.
KEY ATTRACTIONS for Punjab National Bank Housing Finance Corporate FD
- Housing Finance from PNB Corporate Fixed Deposits provides corporate entities with attractive interest rates, flexible tenure options, and customisable interest payout options.
- The deposits are backed by PNB Housing Finance’s credibility and stability, ensuring the safety and security of investments.
- Furthermore, Corporate FDs provide tax advantages, making them an ideal investment option for corporate entities seeking to maximise returns while minimising tax liability.
Features & Benefits of Punjab National Bank Housing Finance Corporate FD
- Housing Finance from PNB Competitive interest rates, flexible tenure options, and customisable interest payout options are among the features and benefits of corporate fixed deposits.
- In addition, the deposits are safe and secure and are backed by PNB Housing Finance’s credibility and stability.
- Furthermore, Corporate FDs provide tax advantages, making them an ideal investment option for corporate entities seeking to maximise returns while minimising tax liability.
- Corporate entities can also take out loans against their Corporate FDs, giving them liquidity and flexibility.
How to Apply for PNB Housing Finance Corporate FD
- Corporate entities that want to invest in PNB Housing Finance Corporate Fixed Deposits can do so by visiting their nearest PNB Housing Finance branch or contacting the bank’s customer service team.
- Depending on the type and nature of the corporate entity, the bank may require specific documentation and eligibility criteria to be met.
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Frequently Asked Questions
What is the FD rate in PNB corporate?
The interest rate on PNB Housing Finance Corporate Fixed Deposits may vary depending on the deposit amount, tenure, and other factors. The bank provides competitive interest rates to corporate entities, which are subject to change from time to time. Therefore, corporate entities interested in investing in PNB Housing Finance Corporate FDs should check with the bank directly for the most recent interest rates.
Is PNB Housing Finance safe for FD?
PNB Housing Finance is a well-established and credible housing finance company that is backed by Punjab National Bank, one of India’s largest public sector banks. The Reserve Bank of India regulates PNB Housing Finance, and it has a good credit rating, indicating its financial stability and ability to meet its financial obligations. Investing in FDs with PNB Housing Finance is thus generally regarded as risk-free, subject to the usual market risks associated with any investment.
