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Nsb Bank Fixed Deposit Rates

7/23/2022
Nsb Bank Fixed Deposit Rates 4,8/5 5516 reviews

The returns on fixed deposits are calculated on a certain rate. This rate of return is known as the fixed deposits interest rate. The rate is determined by the bank at the time of booking the deposit and remain same throughout the term of deposit. Thus, the depositor receives the hike on the invested amount at the regular and fixed rates.

  1. Nsb Fixed Deposits Interest Rates
  2. Nsb Bank Fixed Deposit Rates Refinance

Table of Contents

  • 2 What is the process of Interest Calculation on the Fixed Deposit of Different Banks?
    • 2.2 Non-Cumulative Interest Calculation:

All Banks Fixed Deposit Interest Rates March 2021

Want to take your fixed deposit corpus to a high? Then, compare the fixed deposit interest rates offered by banks in India.

BanksFD Interest Rates
Allahabad Bank2.90% - 5.90%
Andhra Bank3.00% - 5.40%
Axis Bank2.50% - 6.05%
Bajaj Finance/Finserv7.40% - 7.85%
Bandhan Bank3.00% - 6.75%
Bank of Baroda2.90% - 6.30%
Bank of India3.00% - 6.25%
Bank of Maharashtra2.75% - 6.40%
Canara Bank3.00% - 5.85%
Central Bank of India2.75% - 5.00%
Citibank2.00% - 4.25%
Corporation Bank3.00% - 5.40%
Dena bank2.90% - 6.30%
Federal Bank2.50% - 6.00%
HDFC Bank2.50% - 6.25%
HSBC Bank2.25% - 4.50%
ICICI Bank2.50% - 6.30%
IDBI Bank2.90% - 5.90%
IDFC Bank2.75% - 6.50%
IndusInd Bank3.25% - 7.50%
Jammu & Kashmir Bank3.00% - 5.80%
Karnataka Bank3.50% - 6.20%
Karur Vysya Bank3.50% - 6.15%
kotak Mahindra Bank2.50% - 4.90%
Lakshmi Vilas Bank3.60% - 7.50%
Nainital Bank3.35% - 6.85%
Oriental Bank of Commerce3.00% - 6.00%
Punjab & Sind Bank3.50% - 6.55%
Punjab National Bank3.00% - 6.00%
RBL Bank3.25% - 7.45%
SBI2.90% - 6.20%
Standard Chartered Bank1.50% - 6.10%
Syndicate Bank3.00% - 5.85%
UCO Bank2.75% - 5.40%
United Bank Of India3.00% - 6.00%
Vijaya Bank2.90% - 6.30%
YES BANK3.50% - 7.75%

Find the Best Fixed deposit rates & Loans Fixed Deposit rates in Sri Lanka, offered by Banks and Finance companies licensed by the Central Bank of Sri Lanka “For many, awareness and know-how in finding the suitable fixed deposit rates or loan rates are low. NSB has partnered with Professional Solutions to deliver leading payment processing results. Click here to learn more and take the challenge. Mobiliti – 24 hour banking anytime, anywhere. Mobile Deposit – Deposit from anywhere at your convenience. Bill Pay – Paying bills has never been so easy! Note: As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% provided your RFC FD interest is equivalent to 1% or more. This will be applicable for deposits booked on or after 24th January 2011.

What is the process of Interest Calculation on the Fixed Deposit of Different Banks?

Now you know the all banks fixed deposit interest rates, you must want to know about the process that banks use to calculate interest on the said product. There are two processes through which banks offer interest on fixed deposit schemes. These are Cumulative and Non-cumulative. The option to choose between these two depends solely on you. Don’t worry, as we will be telling you about both these processes in detail so that you can make a better decision.

Cumulative Interest Calculation:

In this process of interest calculation, you deposit a fixed amount of money for a definite period. The interest will be calculated on a quarterly basis by default. And at the end of every quarter, your interest amount will be reinvested with the principal amount. The whole accumulated amount will be paid to you at the time of maturity which can be as short as 7 days to as long as 10 years.

This process is generally opted by those who want to save and earn a large amount at the end of the long investment period as you can only get principal and accumulated interest at the end of the maturity period.

For example, if you invest an amount of INR 4,00,000 for a period of 4 years at an interest rate of 8.1% per annum, then at the end of your maturity period you will get a total amount of INR 5,90,457 including interest of INR 1,90,457.

Nsb Bank Fixed Deposit Rates

Non-Cumulative Interest Calculation:

Nsb Fixed Deposits Interest Rates

In this process, the interest rate on your deposited amount is calculated on a monthly, quarterly, half-yearly, and yearly basis. The calculation process depends on your choice. The interest will be paid to you at the frequency of interest chosen by you and it will not be reinvested in the principal amount again. So, you need to remember this thing while choosing any of the non-cumulative interest calculation options.

Individuals who are looking for a fixed amount as a stable income at the end of a definite interval find this process beneficial for them. One of the examples is Senior Citizens who also enjoy higher interest rates as compared to the standard rate of interest and want a fixed source of income during their retirement years.

For Example, if you invest an amount of INR 10,000 for a period of 1 year at an interest rate of 7.6% per annum, the amount you get at different frequencies can be seen in the table given below.

FrequencyInterest RateInterest Payout (In ₹)
Monthly7.35%612
Quarterly7.39%1848
Half-yearly7.46%3730
Yearly7.60%7600

Compare NSB's savings account offerings below.

NSB Savings, Investment, and Horizon accounts all include the following:

  • Interest earning
  • Statement available with Online Banking
Savings Accounts
Account TypeBalance to OpenMonthly Service FeeFeatures
NSB Savings Account$25.00

None with a minimum balance of $200

($2.63 if balance falls below $200)

  • $1 service charge per debit over 3 per month
  • Earns interest on balances over $200
  • Statement available with Online Banking
  • No monthly service charge if you are 18 or younger
Investment$1,000

$10.00 if balance falls below $1,000

Interest earned on balance over $1000

Interest rates are tiered

Horizon Account$15,000None
  • 6 withdrawals per month
  • Interest rates are tiered
  • Statement available with Online Banking
  • $4.15 service charge per debit over 6 per month

All accounts have access to Online Banking
**All fees are subject to tax**

HSA (Health Savings)

Nsb Bank Fixed Deposit Rates Refinance

  • No minimum balance to open
  • $2.00 monthly service fee
  • 2.00% interest rate (subject to change
  • 2.02% APY
  • Debit card available $9.00 annual fee
  • Statement available with Online Banking

CD (Certificate of Deposit)

  • $1,000 minimum to open
  • No monthly service fee
  • Terms from 3-60 Months
  • 10 Day grace period at maturity
  • Interest compounded or deposited into internal account
  • Statement available with Online Banking

IRAs (Individual Retirement Account)

  • $1,000 minimum balance to open IRA CD
  • $100 minimum balance to open IRA Savings
  • No monthly service fee
  • No custodial fee
  • No disbursement fee
  • Statement available with Online Banking
  • Rates are the same as CD/s
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