Fincare small finance bank FDs: According to the official website of Fincare Small Finance Bank its fixed deposit is Rs.2 crore. Interest rates on inward deposits have been revised. The new FD rates will be effective from May 25, 2023. Now, common people can earn an interest rate of 8.51 per cent on fixed deposits with a tenure of 1000 days. For the same period, senior citizens will get an interest rate of up to 9.11 percent. The bank released on May 25, 2023 that the minimum deposit to avail these rates on fixed deposits should be Rs 5,000.
Fincare Small Finance Bank offers its customers better returns on fixed deposits. Fincare is offering 8.51 per cent interest on FDs with a minimum deposit of up to Rs 5,000 for general citizens and 9.11 per cent interest for senior citizens. The bank says the objective is to help customers boost their savings portfolio.
Fincare Small Finance Bank FD Interest Rates
After the revision, the bank will pay an interest rate of 3 percent on fixed deposits maturing between 7 and 45 days. Pays an interest rate of 4.50 percent on deposits maturing between 46 and 90 days. Offers an interest rate of 5.50 per cent for term deposits between 91 and 180 days. Meanwhile, the bank offers an interest rate of 6.25 percent for term deposits between 181 and 365 days.
Now the interest rate for term deposits between 12 months and 499 days will be 7.50 per cent. For FDs maturing in 500 days, the bank offers an interest rate of 8.11 percent. On fixed deposits maturing between 501 days and 18 months, the bank pays an interest rate of 7.50 per cent.
What does the bank say?
Rajeev Yadav, MD & CEO, Fincare Small Finance Bank, said, “The bank believes in providing customer-centric banking solutions and the current FD rates reflect this commitment. Whether you have short-term or long-term financial goals, our various plans ranging from 7 days to 10 years offer great opportunities with flexibility to suit your needs. The bank says customers can visit a Fincare Small Account Bank branch or log into Internet Banking or Mobile App to avail FD rates. Furthermore, relationship managers are also available to guide and assist customers.
Learn about Fincare Small Finance Bank here
Fincare Small Finance Bank is a ‘digital-first’ small finance bank offering banking services through banking outlets, ATMs, WhatsApp, video banking, mobile banking, internet banking and website chatbots. The Bank commenced banking operations on 21 July 2017 under Section 22 of the Banking Regulation Act, 1949. It was inserted in the Second Schedule to the RBI Act, 1934, published in the Gazette of India on 13 April 2019.
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