Fincare Small Finance Bank Hikes Interest Rates On Fixed Deposits (W.e.f. 27th April 2022)

Fincare Small Finance Bank announced an interest rate rise on fixed deposits of less than Rs 2 crore today, April 27th, 2022. Previously, the bank offered a 6.00 per cent interest rate on deposits maturing in 18 months 1 day to 21 months, but now the rate will be 6.5 per cent, an increase of 50 basis points. Similarly, the interest rate on deposits maturing in 21 months 1 day to 24 months has been raised from 6% to 6.5 per cent. The interest rate for term deposits maturing in 30 months 1 day to 36 months was 6.25 per cent earlier, but it will now be 6.50 per cent, a 25 basis point increase. The bank has left the interest rate on the remaining tenors unchanged.

Fincare Small Finance Bank Regular FD Rates

The bank will provide the following interest rates on fixed deposits of less than Rs 2 crore from April 27, 2022.

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	6.50%
21 months 1 day to 24 months	6.50%
24 months 1 day to 30 months	6.50%
30 months 1 day to 36 months	6.50%
36 months 1 day to 42 months	6.75%
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	6.75%
66 months 1 day to 84 months	5.50%
Source: Bank Website, w.e.f. 27.04.2022

Fincare Small Finance Bank FD Rates For Senior Citizens

Senior citizens will continue to get a 0.50 per cent premium in addition to over and above the standard rates. Senior persons would receive the following interest rates on fixed deposits of less than Rs 2 crore established with Fincare Small Finance Bank as of April 27, 2022.

Tenure	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	7.00%
21 months 1 day to 24 months	7.00%
24 months 1 day to 30 months	7.00%
30 months 1 day to 36 months	7.00%
36 months 1 day to 42 months	7.25%
42 months 1 day to 48 months	7.25%
48 months 1 day to 59 months	7.25%
59 months 1 day to 66 months	7.25%
66 months 1 day to 84 months	6.00%
Source: Bank Website, w.e.f. 27.04.2022

Fincare Small Finance Bank Recurring Deposit (RD) Interest Rates

The bank is currently giving the following interest rates on recurring deposits (RDs) of less than Rs 2 crore, effective April 27, 2022.

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	6.50%
21 months 1 day to 24 months	6.50%
24 months 1 day to 30 months	6.50%
30 months 1 day to 36 months	6.50%
36 months 1 day to 42 months	6.75%
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	6.75%
66 months 1 day to 84 months	5.50%
Source: Bank Website, w.e.f. 27.04.2022