PNB Housing Launches New Online Deposits and Mobile App

PNB Housing Finance, the country’s 2nd largest housing finance company by deposit book size, has launched facility of online deposits both on its website and mobile app.

Not only this, the company is also offering attractive rate of interest of up to 8.45% per annum for a 44 month deposit; marking a rise of 35 bps over the last ROI.

PNB Housing is adept in bringing highest level of convenience and unparalleled service to its customers. It thrives of digital interventions that bring ease in transacting with the Company, from anywhere and anytime. The latest addition will allow applicants to create deposits in just 3 simple steps with the help of e-KYC and digital signatures. The auto-renewal and online redemption are other distinctive advantages of the feature.  

PNB Housing Finance Executive Director and Business Head Shaji Varghese said, “Online deposits facility is a relatively new service in the housing finance sector. Paucity of time for many has led to the expectation of getting every service at a touch of a button and our online FD service does just that. Infact, the auto renewal and online redemption features are novice in the sector. So anyone can create a FD without having the need to walk into a branch or call customer care, that too, anytime anywhere in just about 10 minutes. As the entire process is automated, it eliminates the need for physical KYC.”

PNB Housing Finance is one of the few deposit-taking housing finance companies (HFCs) offering competitive interest rates. As on June 30, 2018, the deposits book size stands at INR 11,724 crore. The Company stands 5th among leading HFCs with assets under management at INR 68,578 crore as on June 30, 2018.