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

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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

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.

TenureInterest rates p.a.
7 days to 45 days3.00%
46 days to 90 days3.25%
91 days to 180 days3.50%
181 days to 364 days5.15%
12 months to 15 months6.00%
15 months 1 day to 18 months6.00%
18 months 1 day to 21 months6.50%
21 months 1 day to 24 months6.50%
24 months 1 day to 30 months6.50%
30 months 1 day to 36 months6.50%
36 months 1 day to 42 months6.75%
42 months 1 day to 48 months6.75%
48 months 1 day to 59 months6.75%
59 months 1 day to 66 months6.75%
66 months 1 day to 84 months5.50%
Source: Bank Website, w.e.f. 27.04.2022 
Fincare Small Finance Bank FD Rates For Senior Citizens
 

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.

TenureInterest rates p.a.
7 days to 45 days3.50%
46 days to 90 days3.75%
91 days to 180 days4.00%
181 days to 364 days5.65%
12 months to 15 months6.50%
15 months 1 day to 18 months6.50%
18 months 1 day to 21 months7.00%
21 months 1 day to 24 months7.00%
24 months 1 day to 30 months7.00%
30 months 1 day to 36 months7.00%
36 months 1 day to 42 months7.25%
42 months 1 day to 48 months7.25%
48 months 1 day to 59 months7.25%
59 months 1 day to 66 months7.25%
66 months 1 day to 84 months6.00%
Source: Bank Website, w.e.f. 27.04.2022 
Fincare Small Finance Bank Recurring Deposit (RD) Interest Rates

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.

TenureInterest rates p.a.
7 days to 45 days3.00%
46 days to 90 days3.25%
91 days to 180 days3.50%
181 days to 364 days5.15%
12 months to 15 months6.00%
15 months 1 day to 18 months6.00%
18 months 1 day to 21 months6.50%
21 months 1 day to 24 months6.50%
24 months 1 day to 30 months6.50%
30 months 1 day to 36 months6.50%
36 months 1 day to 42 months6.75%
42 months 1 day to 48 months6.75%
48 months 1 day to 59 months6.75%
59 months 1 day to 66 months6.75%
66 months 1 day to 84 months5.50%
Source: Bank Website, w.e.f. 27.04.2022 

Story first published: Wednesday, April 27, 2022, 13:58 [IST]
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