BUSINESS

Senior Citizens’ Fixed Deposit: This short-term FD gives seniors 8.30% interest

One of the top home financing businesses in India, PNB home financing, has launched an alluring limited-time offer on its Fixed Deposits. The offer has very cheap interest rates, with 8% p.a. for persons up to 60 years old and 8.30% p.a. for senior citizens for a 23-month term.

With a minimum deposit of Rs 10,000, the extraordinary interest rates are available on all new and renewing fixed deposits booked until March 31, 2024, offering investors a safe route to wealth creation.

“Fixed deposit is a secure investment tool not only for customers looking to embark on their financial investment journey, but also for those with a moderate or low risk appetite,” stated Girish Kousgi, MD & CEO of PNB Housing Finance, in response to the same. We are thrilled to share with you our limited-time, very competitive interest rate offer on fixed deposits, which aims to motivate investors to take up sensible investing practices.

He said, “We are dedicated to providing our clients with cutting-edge, personalized financial solutions that support their future savings goals and evolve with their needs.”

Holding the highest deposit book of any home financing firm in India, PNB home financing as of December 31, 2023, has a total of Rs 17,134 crore in public deposits. Because of its deposits’ CRISIL and CARE ratings of “AA/Positive” and “AA/Positive,” investors seem to have a high degree of faith in the institution.

The firm provides doorstep services, strong technology and digital capabilities, devoted customer care managers, and a smooth customer experience in addition to its fixed deposit offerings to clients via a network of more than 18,000 channel partners.

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