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HomePersonal FinanceBank FD Update: Bank offers 9% interest on 3-year FD, Check details

Bank FD Update: Bank offers 9% interest on 3-year FD, Check details

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Bank FD Update: Let us tell you that fixed deposit provides the investor a fixed interest rate on the lump sum amount deposited in the bank for a fixed period and it can be determined using the fixed deposit return calculator.

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

North East Small Finance Bank

North East Small Finance Bank (NESFB) is giving interest at the rate of 9% on 3-year FD of general citizens. At the same time, it is giving interest at the rate of 7% on one-year FD and 6.25% on 5-year FD. Let us tell you that fixed deposits offer the investor a fixed interest rate on the 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.

Also Read- Indian Railways: Advance ticket booking time for trains has been reduced from 120 days to 60 days, know details

Bumper interest is being given on FD

Interest rates on FD are at a high level due to several rate hikes by RBI in 2022. Interest rates vary depending on the FD tenure, amount invested, bank, fluctuations in repo rate.

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Deepak Kumar
Deepak Kumar
Deepak Kumar has 2 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @deepakmaurya152004@gmail.com
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