North East Small Finance Bank FD Interest Rates 2025

What is the North East Small Finance Bank Fixed Deposit?

A North East Small Finance Bank Fixed Deposit is a term deposit where a fixed amount is placed with the bank for a specified duration at a predetermined FD interest rate. The bank offers both callable and non-callable fixed deposit options. The minimum amount required to open a fixed deposit is ₹1,000. Interest can be earned either at maturity under the cumulative option or at regular quarterly intervals under the non-cumulative option.

Key Benefits of North East Small Finance Bank FD

You can access several key features when you open a North East Small Finance Bank FD. Some of them are listed below:

• Premature Withdrawal: North East Small Finance Bank allows premature withdrawal of callable fixed deposits. However, a penalty of 1% is applied to the interest rate applicable for the actual deposit tenure. Non-callable deposits are not eligible for premature withdrawal.
• Loan Against Fixed Deposit: North East Small Finance Bank offers loan facilities of up to 80% of the total fixed deposit amount, allowing depositors to access funds without opting for premature withdrawal.
• Doorstep Banking Facility: North East Small Finance Bank provides doorstep banking for eligible customers such as senior citizens and persons with disabilities, allowing them to open and manage fixed deposits from home, depending on location and service availability.
• Supports Small Businesses and Jobs: When you open a Fixed Deposit with North East Small Finance Bank, your money helps support small businesses and job creation. The bank uses 75% of its credit to lend to priority sectors like micro-enterprises and income-generating activities.
• Auto Renewal Facility: North East Small Finance Bank Fixed Deposits are automatically renewed for the same tenure at the interest rate applicable on the maturity date, unless the depositor gives other instructions.
• Sweep-in and Sweep-out Facility: North East Small Finance Bank offers a Sweep-in and Sweep-out facility through its Flexi-Fixed Deposit. Under the Sweep-in feature, surplus funds from the linked savings account are automatically transferred into a fixed deposit to earn higher interest.

North East Small Finance Bank FD Interest Rates

Below is a tabular overview of North East Small Finance FD rates across different tenures and deposit categories.

Fixed Deposit Interest Rates for Deposits Below ₹1 Crore

*North East Small Finance Bank FD interest rates w.e.f. June 27, 2025

Callable Fixed Deposits (FDs) – Up to ₹3 Crore

*North East Small Finance Bank FD interest rates w.e.f. June 27, 2025

Non Callable Fixed Deposits (FDs) – Up to ₹3 Crore

*North East Small Finance Bank FD interest rates w.e.f. June 27, 2025

Note: Always check which Bank has the highest FD rate before investing.

How to Open a North East Small Finance Bank Fixed Deposit?

You can open a North East Small Finance Bank Fixed Deposit through both online and offline methods:

1. Online Method

   • Visit the official website: www.nesfb.com
   • Log in to your internet banking account.
   • Go to the “Deposits” or “Fixed Deposit” section.
   • Choose the FD type, enter the deposit amount, tenure, and interest payout mode.
   • Select the savings account to fund the FD.
   • Review and submit the request. A confirmation and FD receipt will be issued.

2. Offline Method

   • Visit the nearest North East Small Finance Bank branch.
   • Fill out the Fixed Deposit application form.
   • Provide necessary documents (ID proof, address proof, and passport-size photo if required).
   • Choose the deposit amount, tenure, and payout option.
   • Submit the form and the deposit amount via cheque, cash, or account transfer.
   • Collect the FD receipt from the branch.

Documents Required for North East Small Finance Bank FD

To open a Fixed Deposit with North East Small Finance Bank, you need to provide the following documents:

• Identity Proof: Any one of the following: PAN card, Aadhaar card, Passport, Voter ID, or Driving Licence.
• Address Proof: Aadhaar card, Passport, recent utility bill (not older than 3 months), or Driving Licence.
• Photograph: One recent passport-size colour photograph is required.
• Age Proof (for Senior Citizens): Document showing date of birth, if not already included in the ID or address proof, to avail senior citizen interest benefits.
• Additional Documents (for Non-Individuals or Joint Accounts): Partnership deed, board resolution, or authorisation letter, as applicable.

Taxation on North East Small Finance Bank FD Interest

Interest earned from Fixed Deposits with North East Small Finance Bank is taxable under the “Income from Other Sources” category. It is taxed according to the depositor’s applicable income tax slab. In line with Section 194A of the Income Tax Act, the bank deducts TDS at 10% if the total interest in a financial year crosses ₹50,000 for regular individuals and ₹1,00,000 for senior citizens. You must submit your PAN card to ensure that TDS is deducted at the correct rate. If PAN is not provided, TDS will be deducted at a higher rate of 20%. 

Key Takeaways

Fixed Deposits with North East Small Finance Bank come with options for different tenures, interest payout modes, and deposit types. The bank offers both callable and non-callable FDs, and provides a loan facility of up to 80% of the deposit amount. Auto-renewal and sweep-in/sweep-out features are available, along with doorstep banking for eligible customers. One limitation is that premature withdrawal of callable FDs attracts a penalty on the applicable interest rate.