North East Small Finance Bank 2025 RD Rates Overview

Features and Benefits of North East Small Finance Bank RD

The following are the features and benefits of North East Small Finance Bank RD: 

1. There is no upper limit on investment amount 
2. Senior citizens get additional interest rate benefit of 0.50% 

1. The customer gets SMS alerts regarding the deposit 
2. Overdraft facility is available 
3. The customer can avail a loan against the recurring deposit 
4. The customer can also avail doorstep banking facility 
5. The minimum tenure of recurring deposit is 6 months and the maximum tenure is 10 years 

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Documents Required to Apply for North East Small Finance Bank RD

The following documents are required to apply for a recurring deposit: 

1. Identity proof -  Aadhaar card, PAN card, Passport, etc. 
2. Address proof -  Electricity bill, water bill, Aadhaar card, etc. 

1. Passport size photographs 
2. Application form 

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How to Apply for a Recurring Deposit with North East Small Finance Bank? 

You need to visit the nearest North East Small Finance bank’s branch to apply for a recurring deposit. You can also reach the bank on toll free number 1800 121 1905. 

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FAQs on North East Small Finance Bank RD Rates

• What is the difference between fixed deposit and recurring deposit?

  In fixed deposit, the lump sum amount is invested in one go. However, in recurring deposit, the amount is invested gradually at regular intervals. 

• What is the minimum tenure of North East Small Finance Bank recurring deposit?

  The minimum tenure of North East Small Finance Bank recurring deposit is seven days. 

• How much is the penalty on premature withdrawal of the recurring deposit?

  A penalty of 1% is charged on premature withdrawal of the recurring deposit. However, this penalty is not applicable is the deposit is closed within seven days of time. 

• Is premature withdrawal of recurring deposit allowed at North East Small Finance Bank?

  Yes, premature withdrawal of recurring deposit is allowed at North East Small Finance Bank.

• Do senior citizens get any additional benefits on North East Small Finance Bank recurring deposit?

  Yes, the senior citizens get an additional interest rate benefit of 0.50% on North East Small Finance Bank recurring deposit. 

• How much is the minimum deposit amount for recurring deposit?

  The minimum deposit amount for recurring deposit varies. 

• Can I apply for North East Small Finance Bank recurring deposit online?

  No, the North East Small Finance Bank does not provide the facility to apply for recurring deposit online. 

• Can I give standing instruction to North East Small Finance Bank for recurring deposit installments?

  Yes, you can give a standing instruction to North East Small Finance Bank for recurring deposit installments. 

• Can avail a loan against my recurring deposit?

  Yes, you can avail yourself of a loan against the recurring deposit. 

• Does North East Small Finance Bank provide overdraft facility?

  Yes, North East Small Finance Bank provides its customers with overdraft facility. 

• Is nomination facility available with North East Small Finance Bank recurring deposit?

  No, nomination facility is not available with North East Small Finance Bank recurring deposit.