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New Delhi. In the month of June, many banks have changed their interest rates on fixed deposits. In this sequence, North East Small Finance Bank (NESFB) has also changed the FD rates. NESFB has increased the interest rates on fixed deposits by 0.50 percent, after which it has become the bank giving the highest return on FD in the country.
North East Small Finance Bank is offering up to 9.25 percent return on FD for common citizens, while for senior citizens it is offering up to 9.75 percent interest. Earlier, the bank was giving 8.75 percent interest to its common citizens, while senior citizens were offering interest rates up to 9.25 percent.
The highest interest rate on fixed deposits in the country
NESFB said that it is offering 8.75 percent interest on FDs of 366-545 days and 9.25 percent interest to senior citizens. This interest is being given on FDs up to Rs 5 crore. For FDs up to Rs 5 crore and 546-1,111 days, the bank is offering an interest rate of 9.25 percent to general customers and 9.75 percent to senior citizens.
NESFB FD Rates for Senior Citizens
7 – 14 days: 3.75 percent
15 – 29 days: 4.25 percent
30 – 45 days: 4.75 percent
46 – 90 days: 5.25 percent
91 – 180 days: 6.75 percent
181 – 365 days: 7.50 percent
366 – 545 days: 9.25 percent
546 – 1111 days: 9.50 percent
1112 – 1825 days: 8.50 percent
1826 – 3650 days: 6.75 percent
Is it safe to keep money in NESFB?
Now the question arises whether it is safe to keep money in North East Small Finance Bank? Let us tell you that the only relief available to the depositor in case the bank sinks or goes bankrupt is the insurance cover provided by Deposit Insurance and Credit Guarantee Corporation i.e. DICGC. North East Small Finance Bank Limited is registered with DICGC. This means that the amount deposited in the bank up to Rs 5 lakh will be insured.
If your money is deposited in any bank, then you can check whether it is registered for deposit insurance or not by clicking on the link given below…
Here is the link-
Tag: bank fd, FD Rates, Fixed deposit, Money making tips
first published : June 22, 2024, 4:25 pm IST
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