North East Small Finance Bank FD Rates

Through Stable Money, you can secure fixed deposit rates of up to 9.00% p.a. for regular citizens and up to 9.50% p.a. for senior citizens by investing in North East SF Bank FDs. The interest rates vary across different tenures as shown in the table below:

You can reinvest the maturity amount after the fixed deposit term ends. Additionally, North East SF Bank allows customers to avail a loan/OD against an FD during the investment tenure.

For those concerned about safety, Stable Money ensures secure and convenient FD investments. Our partner banks and NBFCs are RBI-registered, and up to ₹5 lakh of your investment is insured under DICGC (Deposit Insurance and Credit Guarantee Corporation), a fully-owned subsidiary of RBI.

So, what are you waiting for? Install the Stable Money mobile app and invest now!

Features of North East Small Finance Bank FD

North East SF Bank offers highly competitive interest rates to its fixed deposit account holders. Below, you can take a look at some of the key features of their FD scheme:

Besides these key features, it is important to remember that the bank charges a penalty of 1% on the applicable interest rate if someone decides to withdraw their investments before maturity.

Eligibility Criteria for North East SF Bank FD Booking

The following parties or entities are eligible to open a fixed deposit with North East Small Finance Bank:

  • Any individual applicant who is an Indian
  • Minors 
  • Hindu Undivided Families (HUFs)
  • LLPs
  • Proprietorships
  • Companies
  • Non-Resident Indians (NRIs)
  • Associations, societies, clubs and trusts

Documents Required to Open North East Small Finance Bank FD

In the following table, you can find the documents needed to contribute to a North East SF Bank fixed deposit:

Eligible Entities

Documents Needed

Company

PAN card

KYC verification document, i.e., Aadhaar card

Memorandum of Association

ID proof issued by authorised signatories

Certificate of incorporation

Passport-size photos of all the Directors

Individual applicants, HUFs, and Proprietorships 

KYC documents like the Aadhaar card

PAN card

Declaration deed

Passport-size photographs of the account holders

Trusts

KYC documents

PAN card

Trust deed copy

Passport-size photos of each member of the trust

Authorising documents of the members who will be responsible for operating the account

Copy of Certificate of Registration

Partnership Firms

PAN card

KYC documents

Letter from partners who will manage the account

Passport-size photos of every partner

Associations and Clubs

KYC documents

PAN card

Passport size photographs

Board resolution acknowledging the initiative of opening an FD

Types of North East Small Finance Bank FDs

Interested customers can expect to earn competitive North East Small Finance Bank FD Rates from a regular fixed deposit. You can start investing with a minimum amount of ₹1,000 and opt for a quarterly interest payout. 

From the time of account opening with Stable Money, through to withdrawing your funds upon maturity or renewing the FD, everything can be managed in a hassle-free manner. 

Moreover, you may partly withdraw your funds in case there is an emergency. However, it can attract a premature closure penalty of up to 1% at the discretion of the bank.

Premature Withdrawal of North East SF Bank FD

Stable Money allows customers to withdraw fixed deposit funds prematurely. However, premature withdrawals can attract up to 1% penalty on the applicable rate of interest as per the current fixed deposit policies. 

Tax on North East SF Bank FD

According to the Income Tax Act, of 1961, TDS applies to the interest earned from fixed deposit accounts maintained with North East Small Finance Bank. This means a 10% TDS will be cut from your yearly FD return when the interest earnings exceed ₹40,000 in a financial year. To avoid this deduction legally, you can submit a 15G Form or 15H Form (for senior citizens) if your annual income comes under the taxable limit. 

Note: It is highly advised that you provide PAN card details when opening an FD. Otherwise, the bank will deduct 20% of TDS from your earned interest amount.  

Why Choose Stable Money to Book North East SF Bank FD?

Opening a North East Small Finance Bank FD through Stable Money can be completed in just a few minutes. Moreover, the app asks for minimum personal details and therefore you can invest through your smartphone anywhere and anytime. 

Stable Money gives you:

  • Quarterly interest compounding 
  • Interest rates as high as 9.50% per annum
  • Varied range of tenures starting from just 6 months 1 day to 4 years 11 months for North East SF Bank
  • 24/7 customer support for prompt dispute resolutions

Thus, you can rely on our website for safe and secure investments.

Calculate North East SF Bank Fixed Deposit Returns

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ISO 27001:2022

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Earn up to 9.50% interest Up to ₹5 lakh is insured by DICGC