Best FD rate? This bank is offering 9.25% on fixed deposits for senior citizens
North East Small Finance Bank. Fixed Deposits (FDs) present senior citizens with a dependable avenue for earning income. Tailored to serve as a stable revenue source, FDs function akin to a pension for the elderly.
The interest accrued from these deposits can furnish a consistent stream of income, aiding senior citizens throughout their retirement. For a tenure of 366 to 1095 days, the interest rate is 7.75%. For a tenure of 400 days under the Special Scheme, the interest rate is 8.40%.
For a tenure of 555 days under the Special Scheme, the interest rate is 8.50%. For a tenure of 1111 days under the Special Scheme, the interest rate is 8.50%. These rates apply for deposits up to ₹5 crore.
366 - 1095 Days 7.75% 400 days- Special Scheme 8.40% 555 days- Special Scheme 8.50% 1111 Days- Special Scheme 8.50% For a tenure of 366 to 1095 days, the interest rate is 8.50%. For a tenure of 400 days, the interest rate is 9.15%. For a tenure of 555 days, the interest rate is 9.25%.
For a tenure of 1111 days, the interest rate is 9.25%. These rates apply for deposits up to ₹5 crore. 366 - 1095 Days 8.50% 400 days 9.15% 555 days 9.25% 1111 Days 9.25% The Competition Commission of India recently gave the green light to the merger deal between Slice, a Bengaluru-based credit and payments startup, and North East Small Finance Bank Limited.
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