So far regular Fixed Deposit schemes return maximum 10% and even for senior citizen person. Recently I found an promotional mail stating get 15.3% return from a Fixed Deposit scheme. When I checked out the details I found its from PNB Housing Finance Limited’s (PNBHFL’s) 10 Years Fixed Deposit Scheme.
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PNB Housing Finance Ltd’s Fixed Deposit Scheme Return analysis
Let’s find out few of the advantages of this scheme.
- High Safety Assurance: CRISIL rating – FAAA
- Loan Facilitiy upto 75% of deposit available from all PNBHFL and PNB branches
- No Tax to be deducted at source on intrest income upto INR 5000 per financial year Nomination Facility available
This scheme started with a minimum tenure of 1 year where the net gain will be around 10%. To get the maximum return from this fixed deposit scheme one have to go for the 10 years tenure. Check out the details collected from PNB website.