9.75% FD interest rate: This bank hikes fixed deposit rates by up to 50 bps, now offers 'highest' FD rate in India As per the bank's announcement, NESFB has raised the interest rate on fixed deposit products from 9.25% to 9.75%
North East Small Finance Bank (NESFB) has increased its fixed deposit (FD) interest rate by 50 basis points. After the hike, the bank is offering rates as high as 9.25% for the general public and 9.75% for seniors. According to the bank press release, NESFB has increased the interest rate on FD products from 9.25% to 9.75%.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
North East Small Finance Bank: Latest FD rates
North East Small Finance Banks (NESFB) is offering the highest interest rate of 9.75% for senior citizens on non-callable deposits between Rs 1 crore and Rs 5 crore for a tenure of 546 - 1111 Days. For callable deposits, the bank offers 9.50% on the same tenure.Also read: FD interest rate up to 9.1%: 9 banks have revised fixed deposit terms, rates after new RBI rule
For general citizens, the bank offers the highest interest rate of 9.25% on non-callable deposits for amounts between 1 core to 5 crore. On callable deposits, the bank offers the highest interest rate of 9% to general citizens for amounts up to Rs 5 crore.
CallableNon-CallableTenureGeneral (Up to Rs 5 crore)Senior (Up to Rs 5 crore))General (Rs 1 - 5 Cr)Senior (Rs 1 - 5 Cr)7 - 14 Days3.25%3.75%3.50%4.00%15 - 29 Days3.75%4.25%4.00%4.50%30 - 45 Days4.25%4.75%4.50%5.00%46 - 90 Days4.75%5.25%5.00%5.50%91 - 180 Days6.25%6.75%6.50%7.00%181 - 365 Days7.00%7.50%7.25%7.75%366 - 545 Days8.75%9.25%9.00%9.50%546 - 1111 Days9.00%9.50%9.25%9.75%1112 - 1825 Days8.00%8.50%8.25%8.75%1826 - 3650 Days6.25%6.75%6.50%7.00%For deposits greater than 5cr, please reach out to bank branches
Recurring Deposit Rate of InterestTenureProposed Rate3 Months4.00%6 Months4.50%9 Months5.00%1 Year6.00%2 Year7.50%3 Year7.50%4 Year6.50%5 Year6.20%More than 5 years and less than 10 years6.00%
DAILY DEPOSIT SCHEMETenureNormal RateSenior Citizen1 Year3.00%3.50%2 Year3.25%3.75%3 Year3.50%4.00%
Source: North East Small Finance Bank website
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This story originally appeared on: India Times - Author:Faqs of Insurances
