North East Small Finance Bank has one comprehensive fixed deposit scheme which is designed to help investors grow their money without worrying about market-related risks with competitive FD interest rates.
Detailed information about the fixed deposit scheme and the updated North East Small Finance Bank FD rates across the tenure are furthered below.
Table of Contents
| Tenure | Rate of Interest (% p.a.) | |
| Regular Individuals | Senior Citizens | |
| 7 – 14 days | 4.75 | 5.25 |
| 15 – 29 days | 5.00 | 5.50 |
| 30 – 45 days | 5.50 | 6.00 |
| 46 – 90 days | 5.75 | 6.25 |
| 91 – 180 days | 6.25 | 6.75 |
| 181 – 365 days | 7.25 | 7.75 |
| 1 year – less than 2 years | 8.00 | 8.50 |
| 2 years – less than 3 years | 8.10 | 8.60 |
| 777 days | 8.50 | 9.00 |
| 1100 days | 8.35 | 8.85 |
| 3 years to less than 5 years | 7.50 | 8.00 |
| 1850 days | 7.25 | 7.75 |
Note: The above-stated fixed deposit interest rates are applicable on deposits up to Rs. 2 crore and are effective from 3rd February 2020.
North East Small Finance Bank’s single fixed deposit scheme is designed in a way to encompass customer’s need at large. The following are details about the scheme:
| Particulars | Details |
| Tenure | 7 days – 10 years |
| Min. Deposit Amount | Rs. 1,000 |
| Interest Payment |
|
| Rates for Senior Citizens | 0.5% above the standard FD rates |
| Premature Withdrawal | Allowed; 1% penalty |
| Features |
|
In case of cash crunch, customers of North East Bank have the option to self-finance instead of taking an unsecured loan and paying heavy interest on it. With the premature withdrawal facility, customers can withdraw funds from their fixed deposit, partly or in full, and fill the deficit.
The following mentioned are the important points about this facility:
Customers are advised to analyse their returns well in advance when parking their money in fixed deposits. To do so, fixed deposit calculator are available online. Paisabazaar’s FD calculator helps customers easily plan their investment, taking not more than a few minutes.
Simply enter the deposit amount, FD tenure and the applicable rate of interest and hit that Calculate button. In seconds, the online calculator shall give the customers an approximate total interest that they will earn based on the rate of interest. One can use it for different periods, like 1 year, 1.5 years or 5 years, etc., and check how fairly their investment rewards them.
North East Small Finance Bank extends its fixed deposit facility for the following:
*NRI: Non-Resident Indians, PIO: Person of Indian Origin
Note: Minor A/c (above 10 years) can be opened which is to be operated by a legal guardian.
Interest customers are requested to keep the following details and documents ready with them when applying for the bank’s fixed deposit scheme:
Note: This is an indicative list.
Customers, who already have an account (savings/current A/c) with the bank and have internet banking facility activated, may access the fixed deposit facility online.
New customers are required to visit a nearby branch of the bank along with the documents mentioned above and get their FD booked in person.
Q. What is the highest North East Bank FD rate?
At present, the bank is giving 8.50% rate of interest for deposits maturing in 777 days. For senior citizens, it is 9.00%.
Q. What are the modes of depositing money in FD?
The bank allows deposits via bank cheques, internet banking, credit/debit cards, etc.
Q. Do staff members get additional interest on fixed deposits?
Staff members of North East Small Finance Bank are given a preferential rate of interest. Also, the spouse of the staff member enjoys additional interest rates.
SCB not give good rate but online investment is easy.
excellent
Applying for fixed deposits at SBI bank is easy and also it offered me good rate of returns.
HDFC came to help when I was in urgent need of cash. Thanks to Paisabazaar for showing me the right path.
I opened a fixed deposit in Bank of Baroda for senior citizens. My plan was for 5 years and it offered the interest rate of 7.9% p.a. I chose the option of monthly payment of interest and now the interest is credited to my account every month like a pension plan. This investment option is really very good for senior citizens.
I opened my fixed deposit in Bank of Baroda for 2 years at 7.4% p.a. interest rate. The bank provided excellent services as I got the FD opened in minutes. The documentation was quick and I also got the facility to view and track my interests and FD scheme easily with BOB. The staff was also very cordial and helpful.
