Fincare SFB Revises Interest Rates On FDs of Less Than Rs 2 Cr: Check New Rates Here

Fincare Small Finance Bank (SFB) has modified interest rates on resident fixed deposits of less than Rs 2 crore. The new rates take effect on February 11, 2022, and as a result of the recent change, the general public will now get interest rates of up to 6.75 percent, while senior people will receive interest rates of up to 7.25 percent. The bank increased the interest rate on deposits maturing from 181 days to 364 days. The bank formerly offered an interest rate of 5.00 percent on these deposits, but now pays an interest rate of 5.15 percent, while interest rates on the remaining tenors have remained constant. The most recent fixed deposit interest rates from the bank are listed below.

Fincare SFB Fixed Deposit Interest Rates For Regular Customers

The bank is currently giving a 3.00 percent interest rate on resident fixed deposits of less than Rs 2 Cr with a premature withdrawal facility, with deposits maturing in 7 days to 45 days. On deposits maturing in 46 days to 90 days and 91 days to 180 days, the general public will now receive interest rates of 3.25 percent and 3.50 percent, respectively. Regular customers will now get a 5.15 percent interest rate on term deposits maturing in 181 days to 364 days. Fincare SFB is currently offering a 6% interest rate on deposits maturing in 12 to 24 months. Term deposits maturing in 24 months, 1 day to 30 months will now fetch a 6.50 percent interest rate. Fixed deposits maturing in 30 months 1 day to 36 months and 36 months 1 day to 42 months will now offer 6.25 percent and 6.50 percent, respectively. Non-senior citizens can now pay 6.25 percent, 6.75 percent, and 5.50 percent interest on deposits maturing in 42 months 1 day to 59 months, 59 months 1 day to 66 months, and 66 months 1 day to 84 months.

Tenure	Regular interest rates p.a.
7 days to 45 days	3.00%
46 days to 90 days	3.25%
91 days to 180 days	3.50%
181 days to 364 days	5.15%
12 months to 15 months	6.00%
15 months 1 day to 18 months	6.00%
18 months 1 day to 21 months	6.00%
21 months 1 day to 24 months	6.00%
24 months 1 day to 30 months	6.50%
30 months 1 day to 36 months	6.25%
36 months 1 day to 42 months	6.50%
42 months 1 day to 48 months	6.25%
48 months 1 day to 59 months	6.25%
59 months 1 day to 66 months	6.75%
66 months 1 day to 84 months	5.50%
Source: Bank Website, w.e.f. 11th Feb 2022

Fincare SFB Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will continue to get an additional rate of 0.50% across all tenors. Senior citizens will receive the following interest rates on deposits of less than Rs 2 crore as of February 11, 2022.

Tenure	Senior citizens interest rates p.a.
7 days to 45 days	3.50%
46 days to 90 days	3.75%
91 days to 180 days	4.00%
181 days to 364 days	5.65%
12 months to 15 months	6.50%
15 months 1 day to 18 months	6.50%
18 months 1 day to 21 months	6.50%
21 months 1 day to 24 months	6.50%
24 months 1 day to 30 months	7.00%
30 months 1 day to 36 months	6.75%
36 months 1 day to 42 months	7.00%
42 months 1 day to 48 months	6.75%
48 months 1 day to 59 months	6.75%
59 months 1 day to 66 months	7.25%
66 months 1 day to 84 months	6.00%
Source: Bank Website, w.e.f. 11th Feb 2022

Fincare SFB Recurring Deposit Interest Rates

Fixed deposit customers would receive the following interest rates on resident recurring deposits of less than Rs 2 Cr as of February 11, 2022. Please keep in mind that the recurrent deposit interest rates shown below are for regular customers, and senior citizens will be entitled for an additional 0.50 percent rate across all tenors on their recurring deposits.

Tenure	Interest rates p.a.
7 days to 45 days	3.00%
46 days to 90 days	3.25%
91 days to 180 days	3.50%
181 days to 364 days	5.15%
12 months to 15 months	6.00%
15 months 1 day to 18 months	6.00%
18 months 1 day to 21 months	6.00%
21 months 1 day to 24 months	6.00%
24 months 1 day to 30 months	6.50%
30 months 1 day to 36 months	6.25%
36 months 1 day to 42 months	6.50%
42 months 1 day to 48 months	6.25%
48 months 1 day to 59 months	6.25%
59 months 1 day to 66 months	6.75%
66 months 1 day to 84 months	5.50%
Source: Bank Website, w.e.f. 11th Feb 2022