look news india
FD Interest Rate: North East Small Finance Bank (NESFB) has announced a fixed deposit scheme. According to a press release from North East Small Finance Bank, the bank is now offering interest on FD at the rate of 8.50 percent for the general public and 9.25 percent for senior citizens. According to NESFB's press release on March 18, 2024, NESFB's new FD rates reinforce the bank's pledge to promote financial security and prosperity.
Rate of interest
According to the bank, FDs are designed to create a steady source of income for the elderly, similar to a pension. The interest generated from these deposits can provide a regular income source, helping senior citizens in their retirement years.
The bank is offering interest ranging from 3.25 percent to 8.50 percent to common citizens on FDs for tenure ranging from 7 days to 10 years. The interest rate for senior citizens has been fixed between 4 percent to 9.25 percent. The bank is offering the highest interest rate of 8.50 percent to general citizens and 9.25 percent to senior citizens on special FD of 1111 days.
Shivalik Small Finance Bank
Shivalik Small Finance Bank offers interest rates between 3.50 percent to 8.70 percent to the common citizens. The interest rate for senior citizens ranges between 4 percent to 9.20 percent. The bank is offering the highest interest rate of 8.70 percent on tenures from 24 months 1 day to 36 months and 9.20 percent for senior citizens. Rates are effective from March 2, 2024.
Ujjivan Small Finance Bank
Ujjivan Small Finance Bank offers interest rates between 3.75 percent to 8.50 percent to common citizens. The highest interest rate on a tenure of 15 months is 8.50 percent and senior citizens are getting interest at the rate of 9 percent on the same tenure. The rates are effective from March 7, 2024.