MAM
PNB Housing Finance Limited launches new multi-media campaign to create awareness about its Fixed Deposit Schemes
New Delhi: PNB Housing Finance Limited has launched a new multi-media, multi-city brand campaign to create awareness about benefits of its Fixed Deposit Schemes with offers on rates of interest backed with differentiated product features which may appeal to people of different ages, including senior citizens and parents of young children. The FD Schemes offer an auto renewal feature, multiple pay-out options and additional interest for senior citizens.
Rolled out across print, outdoor and digital platforms, series of advertisements showcase key attributes of the Company’s FD Scheme which are offered at a rate of interest of up to 8.45% for a tenor of 60-71 months on a minimum deposit of ₹ 10,000. The Company has rolled out FD Schemes which offer a premium or additional benefit of 0.25% in interest rate to senior citizens.
Speaking about the campaign, Mr. Shaji Varghese, the Executive Director, Business Development, said – “We believe fixed deposits should be an important component of the investment portfolio of an individual. The ₹ 20,000 crore fixed deposit programme of the Company has a credit rating of CRISIL FAAA/Negative and the ₹ 18,500 crore fixed deposit programme with a tenor of 12 months to 120 months has a credit rating of CARE AA+/Stable. Fixed deposits by our Company are offered at varied rates of interest, customized product features coupled with a customer centric delivery model that comprises of both physical branch network and technology enabled non-branch platforms such as website, mobile app etc. with self-servicing capabilities. We encourage customers to choose fixed deposits as an option which we believe may facilitate control over returns and may help them save for future.”
The advertisements have been conceptualized by the creative agency DDB Mudra Private Limited while DDB Mudramax will function as the media agency. The OOH is done by The Max. The campaign will run in Delhi NCR, Jaipur, Kolkata Chennai, Bangalore, Hyderabad, Pune, Mumbai and Ahmedabad.
Safe Harbour Statement
No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this release is only current as of its date. Certain statements made in this release may not be based on historical information or facts and may be “forward looking statements”, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects, and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions in India. This communication is for general information purpose only, without regard to specific objectives, financial situations and needs of any particular person. This release does not constitute an offer or invitation to purchase or subscribe for any shares in the Company and neither any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. The Company may alter, modify or otherwise change in any manner the content of this release, without obligation to notify any person of such revision or changes. This release cannot be copied and/or disseminated in any manner.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI:Â Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
