Best Rates on FD Tenure List: If you want to get guaranteed returns on your investment, investing in FD can be a good option.
FD Interest Rate: If you want to get guaranteed returns on investment, investing in FDs can be a good option. Fincare Small Finance Bank has increased the interest rate on its fixed deposit scheme below Rs 2 crore. The bank offers 9.11% interest to senior citizens investing on FD (Senior Citizen Fixed Deposit interest rate), while 8.51% interest rate is offered to general investors.
Let us tell you that in Small Care Banks, an amount up to 5 lakh rupees is insured.
According to Fincare Small Finance Bank’s website, the bank operates FD schemes for investment tenures ranging from 7 days to 10 years. The bank has increased the interest rate on FD from 25 May 2023. The bank has said that common investors can earn interest at the rate of 8.51 percent on FDs maturing in 1000 days. For the same period, senior citizens will be given an interest rate of up to 9.11 percent.The minimum deposit to avail these interest rates is less than Rs 5,000 and the maximum is less than Rs 2 crore.
Fincare Small Finance Bank FD Interest Rate
- The bank will pay interest at the rate of 3 percent for FDs maturing between 7 to 45 days.
- The bank will offer 4.50 percent interest rate on FD maturing between 46 to 90 days.
- Bank will pay 5.50 percent interest rate on FD maturing between 91 to 180 days.
- The bank is offering 6.25 percent interest rate for FDs with tenors of 181 and 365 days.
- FDs maturing between 12 months to 499 days will pay 7.50 percent interest.
- The bank is offering an interest rate of 8.11 percent for 500-day tenure FD.
- The bank offers an interest rate of 7.50 percent on FDs maturing between 501 days and 18 months.
- 7.80 percent interest rate on FDs maturing in 18 months and one day and 24 months.
- The bank is offering 7.90 percent interest rate for FDs maturing in 24 months and one day to 749 days.
- Interest rate of 8.31% for FD maturing in 750 days.
- 8.25 percent interest rate for FD maturing between 36 months to 42 months.
- 7.50 percent interest on FD maturing in 42 months and one day to 59 months.
- 8 percent interest rate on FD maturing in 59 months 1 day to 66 months.
- 7 percent interest rate on FD maturing in 66 months from 1 day to 84 months.
Senior Citizen FD
Fincare Small Finance Bank Senior citizens can avail interest rates ranging from 3.60 percent to 9.11 percent for tenures ranging from 7 days to 84 months.
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