Bonds
FDs
Blog
Login
| Tenure | For General Citizen (p.a) | For Senior Citizen (p.a) |
|---|---|---|
| 7 - 14 Days | 3 % | 3.75 % |
| 15 - 29 Days | 3 % | 3.75 % |
| 30 - 45 Days | 3.5 % | 4.25 % |
| 46 - 90 Days | 4.5 % | 5.25 % |
| 91 - 180 Days | 4.75 % | 5.5 % |
| 181 - 365 Days | 6.5 % | 7.25 % |
| 366 - 1095 Days | 7.25 % | 8 % |
 555 days- Special Scheme | 8.5 % | 9.25 % |
| 1111 Days- Special Scheme | 8.5 % | 9.25 % |
| 1096 - 1825 Days | 6.5 % | 7.25 % |
| 1826 - 3650 Days | 6.25 % | 7 % |
Fixed Deposits
A fixed deposit is an account where an investor can keep money in the bank, earning a percentage of interest at the end of the specified term period. North East Small Finance Bank’s FD comes with an interest rate between 3-8% p.a. for the general public and 3.75-8.75% p.a. for senior citizens. Let's look at some of its features:
To invest in North East Small Finance Bank Fixed Deposits, the following are eligible:
The following documents are required to invest in North East Small Finance Bank Fixed deposits:
| Eligible people | Documents required |
| Company | PAN KYC Certificate of incorporation ID proofs of authorized signatories Passport size photographs of directors Memorandum of Association |
| Individuals, HUF, Proprietorships | PAN KYC Passport size photographs Declaration deed |
| Partnerships firms | PAN KYC Passport size photographs of partners Letter from partners to open and operate the account |
| Associations and Clubs | PAN KYC Passport size photographs Board Resolution to open and operate the account |
| Trusts | PAN KYC Trust deed copy Copy of Certificate of Registration Passport size photographs of the members Authorizing the members concerned to open and operate the account |
You can open an FD account with North East Small Finance Bank offline. The following are the steps:
Step 1: Personally visit the nearest bank branch.
Step 2: Fill out the required FD form.
Step 3: Give complete details such as deposit amount, tenure, etc.
Step 4: Attach the required documents such as PAN, photographs etc.
Step 5: Make the payment through cheque, DD or online banking.
Step 6: The banker will verify the details filled out and will proceed further.
Step 7: Obtain the acknowledgement slip of the FD account.
According to the Income Tax Act of India of 1961, taxpayers can seek deductions under Section 80C if they invest in FDs.
In a given financial year, a taxpayer can avail tax deduction to a maximum of ₹1.5 lakhs from their gross taxable income, provided the following conditions are fulfilled:
When filing the Income Tax Returns (ITR), the taxpayer can provide supporting documents to avail tax benefits on FDs.
Tax Deducted at Source (TDS)
Currently, the highest interest rate for North East Small Finance Bank’s FD for regular citizens is 8% for 1111 days of maturity. And for senior citizens, it is 8.75%.
Yes. ₹5 lakhs Deposit Insurance and Credit Guarantee Corporation (DICGC) insurance cover applies to North East Small Finance Bank FD.
FD amount can be deposited through various modes such as cheques, DD, credit/debit cards, internet banking etc.
Yes, North East Small Finance Bank's staff gets an additional interest rate on the FDs.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
