Introduction
The old-age demands a little extra of everything. Be it attention and love, money and care, or security and stability; senior citizens always deserve the best.
As money is often the most important thing that senior citizens require in their least-productive years, finding out a fixed deposit or FD that offers the highest FD interest rates becomes the need of the hour. Worry no more, as PNB Housing’s flexible fixed deposit is there to take care of your finances when you need it the most.
This article gives you a complete overview of everything you should know about PNB Housing’s all-new FD that not only gives you one of the highest interest rates in India but also offers increased convenience in account management.
The Top-9 Reasons That Make PNB Housing’s FD One of the Most Popular FDs in India
Other than offering the highest FD interest rates, PNB Housing’s FD offers several other benefits that make it an attractive choice for millions of senior citizens across India. The following are the top-9:
- High Safety
As PNB Housing’s fixed deposits have been rated FAA+ by CRISIL and AA+ by CARE, it is one of the safest fixed deposits.
- Highest FD Interest Rates
With PNB Housing’s FD, senior citizens get an additional 0.25% higher interest rate than the prevailing rate of interest. Check the latest FD interest rates here.
- Nomination Facility
PNB Housing’s FD offers a nomination facility, which becomes helpful in the case of any unfortunate incident.
- Auto-Renewal
For a senior citizen, the process of renewing an FD may seem tough, as you have to visit the branch and manually fill-up the application form. PNB Housing’s FD has an in-built auto-renewal facility that renews the FD at the the-then prevailing interest rate.
- Wide Branch Network
PNB Housing caters to 35 Indian cities through its more than 100 branches situated in strategic locations.
- Door-Step Services
PNB Housing understands the needs of senior citizens. It offers doorstep services for fixed deposit investors.
- Premature Withdrawal Facility
PNB Housing’s FD is fully liquid, which means you can withdraw the principal amount with accumulated interest after three months from the date of account creation by paying a small fee.
- TDS Exemption
Interest income of up to INR 5000 is exempt from tax deducted at source in a financial year.
- Facility to Avail a Loan
By keeping your fixed deposit certificate as a collateral guarantee, you can avail loan of up to 75% of the FD amount. The interest rate in such cases will be only 2% more than the-then highest FD interest rates offered by PNB Housing.
What Documents are Required to Open an FD Account?
PNB Housing’s FDs can be created by both individuals and non-individuals. Individual applicants need to submit only three documents to create an account – photograph, and copies of PAN Card and address proof. Non-individual applicants need to submit a few more documents in addition to the three mentioned above. Click here to check the list of documents that non-individual applicants need to submit.
Conclusion
We understand that to live the rest of your life; happily, you need a combination of safety and security. PNB Housing’s Fixed Deposit offers you a high rate of interest that can safely take care of all your needs.
Author Bio
I am the professional online marketer and founder of www.technologynews24x7.com
