A look at the financial portfolio of any investor reveals fixed deposit investments form a major chunk of it considering the level of stability involved and fixed returns promised. Fixed deposit rates keep changing according to government policies, thus, prompting people to decide the amount they would like to put in and the period for which they would like to stay invested.
Depending on investment viability and financial interest, one can choose to open a fixed deposit account in any bank or financial institution. Interests on fixed deposits have a bearing on the total maturity amount, which in turn depends on the period held and not the invested amount. However, low earnings on fixed deposits have a cause of concern who argue that the meager interest earned does not defeat the high inflation rate in India.
A Fixed Deposit Account with PNB Housing Finance
The safety of an investment option is the primary criterion that investors consider while making financial decisions. Stable or volatile, regular or cumulative returns, high or low-interest earnings are other factors that must not be ignored. For those who take their investments seriously, PNB Housing Finance offers a haven for investments at best fd rates.
The minimum interest on fixed deposit with PNB Housing Finance is more than seven percent, which is way more than what banks offer to their customers. However, the Return on Investment (ROI) depends on other factors like the nature of the fixed deposit scheme, the period of investment and the frequency of interest earned on the investment made. For senior citizen investors, the interest rate is more by 0.25 percent.
While assessing returns, one must look at the effective rate of interest and the estimated maturity amount one would earn for the investment made for different periods.
For Investment Less Than Rs. 5 Crores:
Benefits of Investing with PNB
Opening a fixed deposit account with PNB has its benefits. Apart from the high earnings promised, there are other factors including:
– Pervasiveness: Being able to avail smooth and continued services is an advantage not supported by many financial institutions. PNB Housing Finance realizes the need to lend a personalized experience and has opened a vast network of its branches across various cities in the country to help its customers.
– High Ratings: With a CRISIL FAAA rating, timely payment of interests and repayment of the original principal amount is guaranteed.
– Tax Benefits: If you are tired of paying tax on every rupee that you earn, then PNB Housing Finance’s best fd plan is the solution for you. This is because no tax is deducted at source on income up to Rs. 5000 for each financial year.
– Loan Facility: You can avail of a loan up to 75 percent of the total fixed deposit amount at any branch of PNB Housing Finance company.