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This Bank Is offering Maximum 8.71% Interest To Senior Citizens On Special Tenure FD
In this context of reduced risk, fixed deposits, often known as FDs, are turning out to be a rewarding investment destination for investors. Post repo rate hike, leading banks along with Small Finance Banks (SFB) hiked the FD rates.
Among high-paying FDs, Fincare Small Finance Bank (SFB), a leading small finance bank, is one of the banks that is now offering a maximum of 8.71 per cent on special Fixed Deposit (FD) tenure of 750 days to senior citizens.
The bank on Monday, 13th February 2023, hiked the interest rate on FD was below Rs 2 Crore. With the revised rates, Fincare SFB FD customers now earn high interest on their FD with a Premature Withdrawal Facility. According to the bank's official website, "The Fixed Deposit has premature withdrawal facility i.e. the Fixed Deposit can be closed by the depositors before expiry of the term of such deposit."
Resident Fixed Deposit (Less than Rs 2 Crore) - With Premature Facility
| Tenure | General Public Rates (In %) | Senior Citizens Rates (In %) |
|---|---|---|
| 7 Days - 45 Days | 3 | 3.6 |
| 46 Days - 90 Days | 3.5 | 4.1 |
| 91 Days - 180 Days | 4.5 | 5.1 |
| 181 Days - 364 Days | 5.5 | 6.1 |
| 12 Months - 15 Months | 7.25 | 7.85 |
| 15 Months 1 Day - 499 Days | 7.3 | 7.9 |
| 500 Days | 7.5 | 8.1 |
| 501 Days - 18 Months | 7.3 | 7.9 |
| 18 Months 1 Day - 21 Months | 7.3 | 7.9 |
| 21 Months 1 Day - 24 Months | 7.3 | 7.9 |
| 24 Months 1 Day - 749 Days | 7.5 | 8.1 |
| 750 Days | 8.11 | 8.71 |
| 751 Days - 30 Months | 7.5 | 8.1 |
| 30 Months 1 Day - 999 Days | 7.5 | 8.1 |
| 1000 Days | 8 | 8.6 |
| 1001 Days - 36 Months | 7 | 7.6 |
| 36 Months 1 Day - 42 Months | 7 | 7.6 |
| 42 Months 1 Day - 48 Months | 7 | 7.6 |
| 48 Months 1 Day- 59 Months | 6.75 | 7.35 |
| 59 Months 1 Day - 66 Months | 7 | 7.6 |
| 66 Months 1 Day - 84 Months | 6 | 6.6 |
Source - Fincarebank.com
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