Fincare Small Finance Bank Announced a hike in FD interest rates of less than Rs 2 crore. According to the official website of the bank, the new rates are effective from October 11, 2022.
Fincare Small Finance Bank FD Rates
The bank will continue to offer fixed deposits maturing in 7 days to 45 days at the rate of 3% and fixed deposits maturing in 46 days to 90 days at the rate of 3.5%. Deposits maturing between 91 and 180 days will now earn 4.5% interest rate from Fincare Small Finance Bank, while deposits maturing between 181 to 364 days will fetch 5.5% interest rate.
Fixed deposits maturing between 12 and 24 months will attract 6.75 percent interest. At the same time, there will be an earning of 7.25 percent in a period of 500 days and 7.75% in a period of 1000 days.
The bank will offer fixed deposits maturing in 24 months 1 day to 48 months at 7% interest rate and fixed deposits maturing in 48 months, 1 day to 59 months at 6.75% interest rate.
Fincare Small Finance Bank will offer 6% interest rate on fixed deposits with maturities of 66 months and 1 day to 84 months.
senior citizens FD Rates
In Fincare Small Finance Bank, senior citizens will still get an additional 0.50% interest on top of the standard rate for all maturities. Senior citizens will earn interest rates between 3.50% and 8.25% on deposits maturing between 7 days to 10 years.
According to the bank’s website, “Senior Citizen is defined as a person above the age of 60 years. In case of joint account holders where one of the account holders is a senior citizen, please note that the senior citizen fixed deposit interest rate will be applicable only if the senior citizen is the ‘first holder’ on the said fixed deposit.”