Earn 15.3% Return on Maturity from PNB Fixed Deposit Scheme

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. 

Also Read  How To Earn 11.79% Interest from Fixed Deposit Schemes
Don’t Miss     Best post office investment schemes

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.

pnb fixed deposit scheme interest rates

Also Read  Top 6 Best Investment Instruments in India 2016
Also Read  How to calculate interest on Recurring Deposit (Compound Interest)