This SFB Makes Interest Rate Revision On FD, RD & Savings Bank Deposits

While interest rates are rising, North East Small Finance Bank (SFB), a DICGC-insured bank, has announced an interest rate adjustment on fixed deposits, recurring deposits, and savings bank deposits. The bank's interest rate was revised on April 1, 2022, and as a result of the modification, the bank currently offers the following interest rates on fixed deposits, recurring deposits, and savings accounts.

North East Small Finance Bank FD Rates

North East SFB is giving a 3.00 percent interest rate on fixed deposits maturing in 7 to 45 days effective April 1, 2022. The bank is currently giving a 3.50 percent interest rate on term deposits maturing in 46 - 90 days. The bank will pay a 4.00 percent interest rate on deposits maturing in 91 - 180 days. Term deposits maturing in 181 - 365 days will now fetch 5.00 percent interest. Fixed deposits maturing in 366 days to 1095 days will now generate 6.75 percent interest. Fixed deposits maturing in 1096 - 1110 days and 1111 days will now return 6.50 percent and 7 percent interest, respectively. Term deposits of less than Rs 2 crore maturing in 1112 - 1825 days and 1826 - 3650 days will now fetch 6.50 percent and 6.25 percent, respectively, at North East Small Finance Bank.

Tenure	Regular interest rates in % p.a.	Senior citizen
7 - 14 Days	3	3.5
15 - 29 Days	3	3.5
30 - 45 Days	3	3.5
46 - 90 Days	3.5	4
91 - 180 Days	4	4.5
181 - 365 Days	5	5.5
366 - 729 Days	6.75	7.5
730 - 1095 Days	6.75	7.5
1096 - 1110 Days	6.5	7.25
1111 Days	7	7.75
1112 - 1825 Days	6.5	7.25
1826 - 3650 Days	6.25	7
Source: Bank Website

North East Small Finance Bank RD Rates

Following a revision on April 1st, 2022, the bank is currently giving an interest rate of 4.25 on recurring deposits of less than Rs 2 Cr maturing in 3 months. The bank will now give an interest rate of 4.50 on recurring deposits maturing in 6 months. Recurring deposits maturing in 9 months to 1 year will now fetch 5.50 percent interest. The bank is giving a maximum interest rate of 7.50 percent on recurring deposits due in two years. North East Small Finance Bank is currently giving a 7.00 percent interest rate on recurring deposits due in 3 to 4 years. The bank promises an interest rate of 6.50 percent on recurring deposits maturing in 5 years and more than 5 years up to 10 years.

Tenure	Regular interest rates in % p.a.	Senior citizen
3 Months	4.25	4.75
6 Months	4.5	5
9 Months	5.5	6
1 Year	5.5	6
2 Year	7.5	8
3 Year	7	7.5
4 Year	7	7.5
5 Years	6.5	7
More than 5 years upto 10 years	6.5	7
Source: Bank Website

North East Small Finance Bank Savings Account Interest Rate

The bank is currently giving the interest rates stated below on savings bank accounts as of April 1, 2022.

Balance slabs	Interest rate p.a. in %
Rs 0 - upto 4.99 Lacs	4
5 Lacs - upto 25 Lacs	5
25 lacs- Upto 10 Crores	5.5
More than 10 Crores to 25 Crores	5.75
More than 25 Crores and above	6
Source: Bank Website