This small finance bank to offer FD rates of up to 9.25%; find out details

FDs up to Rs 5 crore and for 555 and 1111 days, the bank will offer an interest rate of 8.50 percent to regular customers and 9.25 percent to senior citizens.

Guwahati-headquartered North East Small Finance Bank on March 18 launched new fixed deposit (FD) schemes with interest rates of up to 9.25 percent. The bank, in a press release, said that it is offering 7.75 percent interest rates to regular citizens and 8.5 percent interest to senior citizens on deposits of up to Rs 5 crore for a period of 366-1,095 days.

For deposits for a period of 400 days, the bank will offer an interest rate of 8.4 percent and 9.15 percent to regular and senior citizens respectively. For FDs up to Rs 5 crore and for 555-1,111 days, the bank will offer an interest rate of 8.50percent to regular customers and 9.25 percent to senior citizens.

Also read: Slice gets CCI's nod to merge with 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.