North East Small Finance Bank (NESFB) has increased its fixed deposit (FD) interest rates. The bank has increased the interest rates for common people by 0.50 percent. Now senior citizens will get a maximum interest of 9.75 percent and common people will get up to 9.25 percent. NESFB is a small finance bank located in the Northeast region of India. It was established in 2017. NESFB is headquartered in Guwahati, Assam. It provides its services in all the states of the Northeast.
NESFB has said that it has increased the interest rates on FD from 9.25% to 9.75%. If you are a senior citizen and make an FD of Rs 1 crore to Rs 5 crore for 546 to 1111 days, then you will get up to 9.75% interest. This interest rate will be applicable on non-callable deposits.
How much interest will common people get?
At the same time, common people will get up to 9.25% interest on non-callable deposits from Rs 1 crore to Rs 5 crore. The bank is giving interest rate of up to 9% to common people on callable deposits up to Rs 5 crore.
