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Fincare SFB Revises Fixed Deposit Interest Rates; Now Get 9.11% Interest To Senior Citizens
Fincare Small Finance Bank (FSFB) hiked interest rates on fixed deposits (FDs) below Rs. 2 Crore. The revised rates will be applicable from May 25, 2023, according to the Bank's official website. The bank offers interest rates ranging between 3% to 8.51% to the general public on the deposit period that ranges from 7 days to 84 months. Whereas, senior citizens get interest rates ranging from 3.60% to 9.11% for the same deposit period.
The bank offers 3 special tenure FDs of 500 days, 750 days, and 1000 days. On 500 days, the bank offers 8.11% to the general public and 8.71% to senior citizens, On 750 days, the bank offers 8.31% to the general public and 8.91% to senior citizens. Whereas, the bank offers the highest 8.51% to the general public and 9.11% to senior citizens on the special FD tenure of 1000 days. The above interest rates on FDs come with the Premature Withdrawal Facility.
Resident Fixed Deposit (Less than Rs 2 Crore) - With Premature Withdrawal Facility
| Tenure | General Public Rates | Senior Citizens Rates |
|---|---|---|
| 7 Days - 45 Days | 3.00% | 3.60% |
| 46 Days - 90 Days | 4.50% | 5.10% |
| 91 Days - 180 Days | 5.50% | 6.10% |
| 181 Days - 365 Days | 6.25% | 6.85% |
| 12 Months - 15 Months | 7.50% | 8.10% |
| 15 Months 1 Day - 499 Days | 7.50% | 8.10% |
| 500 Days | 8.11% | 8.71% |
| 501 Days - 18 Months | 7.50% | 8.10% |
| 18 Months 1 Day - 21 Months | 7.80% | 8.40% |
| 21 Months 1 Day - 24 Months | 7.80% | 8.40% |
| 24 Months 1 Day - 749 Days | 7.90% | 8.50% |
| 750 Days | 8.31% | 8.91% |
| 751 Days - 30 Months | 7.90% | 8.50% |
| 30 Months 1 Day to 99 Days | 8.00% | 8.60% |
| 1000 Days | 8.51% | 9.11% |
| 1001 Days - 36 Months | 8.00% | 8.60% |
| 36 Months 1 Day - 42 Months | 8.25% | 8.85% |
| 42 Months 1 Day - 48 Months | 7.50% | 8.10% |
| 48 Months 1 Day - 59 Months | 7.50% | 8.10% |
| 59 Months 1 Day - 66 Months | 8.00% | 8.60% |
| 66 Months 1 Day - 84 Months | 7.00% | 7.60% |
Source - Fincarebank.com
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