North East Small Finance Bank (NESFB) has made headlines by announcing the highest fixed deposit (FD) interest rate in India at 9.75%. This substantial increase, from 9.25% previously, underlines NESFB’s commitment to offering competitive returns to its customers, especially senior citizens who will benefit from the elevated rate.
The revised FD rates position NESFB at the forefront of the banking industry in terms of interest rates, surpassing other players. This move aims to empower customers with attractive investment opportunities that promise inflation-beating returns, crucial for financial planning, particularly during retirement. Mr. Satish Kumar Kalra, Managing Director & CEO of NESFB, emphasized the dual advantage of these enhanced rates. He noted, “Our priority is to provide customers with superior returns while optimizing our deposit costs. This adjustment allows us to remain competitive in the market and ensure sustainable growth.”
NESFB customers, both existing and new, can conveniently invest in FDs through the bank’s mobile banking platform, offering seamless booking from anywhere at any time. This user-friendly approach reflects NESFB’s commitment to customer convenience and satisfaction.
