This Small Finance Bank is offering 9% interest on 3-year FD, did you invest?

The Reserve Bank of India (RBI) has not changed the interest rates for the 10th consecutive time. After this, banks and small finance banks are paying strong interest on FDs. By taking advantage of this opportunity, you too can get great returns by investing in FDs. Today we are telling you about a small finance bank. This bank is paying 9% interest on 3-year FDs. At the same time, it is paying 7% interest on one-year FDs. 

North East Small Finance Bank

North East Small Finance Bank (NESFB) is offering 9% interest on 3-year FDs for general citizens. At the same time, it is offering 7% interest on one-year FDs and 6.25% interest on 5-year FDs. Let us tell you that fixed deposits offer the investor a fixed interest rate on a lump sum amount deposited in the bank for a fixed period and it can be determined using the fixed deposit return calculator. Premature fixed deposit withdrawal means that the investor withdraws the fixed deposit before the maturity date.

Bumper interest is being received on the FD

Interest rates on FDs are on the higher side due to multiple rate hikes by RBI in 2022. Interest rates vary depending on the FD tenure, amount invested, bank, and fluctuations in repo rate.