Fixed Deposit Details
Bank Name
North-East Small Finance Bank.
Eligibility
The applicant should be a citizen of India.
The applicant should be more than 18 years old.
The applicant should have a valid KYC document such as PAN and Aadhar.
Interest Rate
4.50 to 8..50% per annum.
Tenure
6 months to 10 years.
Fixed Deposit Type
Recurring
Recurring Deposits
Tax Benefits
None
Credit Ratings
Not specified by the bank.
Interest Payment Frequency
Not specified by the bank. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Not specified by the bank.
Features
The period of deposit can be from 6 months to 10 years.
Loan against deposit/Overdraft is available.
Minimum Investment Amount
Not specified by the bank.
Features & Benefits
Pros
Flexible tenure of the deposit.
High interest rates.
Additional concession for senior citizens.
Cons
Limited branch network.
Pros & Cons
Account Opening Procedure
How to Open?
Online:
Visit the North-East Small Finance Bank website or download their mobile app.
Look for the "Deposits" or "Fixed Deposits" section.
Enter the desired amount, tenure, and interest payout option.
Provide your basic KYC details and verify with OTP.
Transfer funds to create the FD.
Offline:
Visit a North-East Small Finance Bank branch near you.
Fill out the necessary forms and provide your KYC documents.
Submit the required amount to open the FD.
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.