9.75% FD interest rate: This bank hikes fixed deposit rates by up to 50 bps, now offers 'highest' FD rate in India

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

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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

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