Gurgaon, 18th Mar 2024- In a significant move aimed at bolstering Small Finance growth and stability for its customers, North East Small Finance Bank (NESFB), the region’s pioneering financial institution, is thrilled to announce the launch of its enhanced fixed deposit (FD) schemes. With competitive rates of up to 8.50% for the general public and an impressive 9.25% for senior citizens, NESFB sets a new benchmark in savings growth opportunities.
NESFB’s latest FD rates reinforce the bank’s pledge to foster financial security and prosperity, aligning with the bank’s mission to empower its customers, especially the senior citizens within the Northeast community. For senior citizens, Fixed Deposits (FDs) offer a reliable means of generating earnings. FDs are designed to act as a steady source of income for the elderly, akin to a pension. The interest generated from these deposits can provide a regular income stream, supporting senior citizens in their retirement years.
NESFB introduces a variety of FD plans to cater to diverse customer needs.
| Tenure | Regular Citizen upto INR 5 Cr | Senior Citizen |
| 366 – 1095 Days | 7.75 | 8.50 |
| 400 days- Special Scheme | 8.40 | 9.15 |
| 555 days- Special Scheme | 8.50 | 9.25 |
| 1111 Days- Special Scheme | 8.50 | 9.25 |
T&C Applicable North East Small Finance Bank (NESFB) is dedicated to providing superior investment opportunities to its valued clients, spanning across both urban and remote regions of Assam.
To achieve this goal, NESFB will leverage its extensive network of branches, ensuring that every customer, irrespective of their location, has access to its comprehensive suite of investment solutions.
NESFB is committed to introducing a suite of new financial products and services powered by its digital capabilities that empower customers to achieve their financial goals effectively. Through these efforts, NESFB endeavours to facilitate socio-economic progress and resilience in Assam.
“NESFB is committed to creating value and enhancing the financial well-being of our customers. Our new fixed deposit rates, alongside our wide range of financial solutions, underscore our commitment to excellence, innovation, and customer-centricity. As we continue to grow and evolve, our focus remains on serving our community and positively transforming the financial landscape.” – Satish Kumar Kalra, MD & CEO, North East Small Finance Bank.
Recently, the Competition Commission of India approved the transaction involving the merger of slice ( Garagepreneurs Internet Private Limited) with North East Small Finance Bank Limited.
For more information about NESFB’s fixed deposit rates and to discover how we can help you achieve your financial goals, visit www.nesfb.com or contact 1800-121-1905.
About North East Small Finance Bank
NESFB stands as the sole small financial bank in the North-Eastern region of India, boasting an extensive network of branches spanning across 9 states. As a preferred banking institution, NESFB offers a comprehensive suite of financial services, encompassing bank accounts, deposits, debit cards, loans, and mutual funds. NESFB is committed to meeting the diverse financial requirements of individuals by delivering well-suited financial products and services promptly, conveniently, and responsibly. Leveraging doorstep banking and cutting-edge technology, NESFB plays a pivotal role in fostering sustainable growth within the broader community.
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