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Fincare Small Finance Bank (FSFB) has recently modified interest rates on fixed deposits. These include Resident FD rates for General Public and Senior Citizens, along with NRI FD rates for NRE and NRO. The new interest rates came into effect on February 11, 2022. The bank raised the interest rate on short-term deposits from 181 to 364 days.
Fincare Small Finance Bank offers regular citizens interest rates ranging from 3.00% per annum to 6.75% per annum for various tenures. For a duration of 3 years 1 day to 42 months, the bank offers the maximum rate of interest of 6.75%, while senior persons receive the highest rate of interest of 7.25% for the same tenure period.
Below are the bank's recent modified fixed deposit interest rates for domestic and NRI customers.
Resident Fixed Deposit (less than Rs 2 Crore)- with Premature Withdrawal Facility
w.e.f 11 February 2022
| Tenure | Domestic Depositors (P.A%) | Senior Citizen (P.A%) |
|---|---|---|
| 7 days to 45 days | 3.00% | 3.50% |
| 46 days to 90 days | 3.25% | 3.75% |
| 91 days to 180 days | 3.50% | 4.00% |
| 181 days to 364 days | 5.15% | 5.65% |
| 12 months to 15 months | 6.00% | 6.50% |
| 15 months 1 day to 18 months | 6.00% | 6.50% |
| 18 months 1 day to 21 months | 6.00% | 6.50% |
| 21 months 1 day to 24 months | 6.00% | 6.50% |
| 24 months 1 day to 30 months | 6.50% | 7.00% |
| 30 months 1 day to 36 months | 6.25% | 6.75% |
| 36 months 1 day to 42 months | 6.50% | 7.00% |
| 42 months 1 day to 48 months | 6.25% | 6.75% |
| 48 months 1 day to 59 months | 6.25% | 6.75% |
| 59 months 1 day to 66 months | 6.75% | 7.25% |
| 66 months 1 day to 84 months | 5.50% | 6.00% |
Source- Fincare Small Finance Bank
Resident Fixed Deposit (Rs 1 Crore to fewer Rs 2 Crore)- without Premature Withdrawal Facility
w.e.f 11 February 2022
| Tenure | Interest Rate (P.A%) |
|---|---|
| 181 days to 270 days | 5.50% |
| 271 days to 330 days | 5.50% |
| 331 days to 364 days | 5.80% |
| 12 months to 15 months | 6.40% |
| 15 months 1 day to 18 months | 6.35% |
| 18 months 1 day to 21 months | 6.35% |
| 21 months 1 day to 24 months | 6.35% |
| 24 months 1 day to 30 months | 6.50% |
| 30 months 1 day to 36 months | 6.50% |
Source- Fincare Small Finance Bank
Non-Resident Fixed Deposit
w.e.f 11 February 2022
| Tenure | NRO (P.A%) | NRE (P.A%) |
|---|---|---|
| 7 days to 45 days | 3.00% | NA |
| 46 days to 90 days | 3.25% | NA |
| 91 days to 180 days | 3.50% | NA |
| 181 days to 364 days | 5.15% | NA |
| 12 months to 15 months | 6.00% | 6.00% |
| 15 months 1 day to 18 months | 6.00% | 6.00% |
| 18 months 1 day to 21 months | 6.00% | 6.00% |
| 21 months 1 day to 24 months | 6.00% | 6.00% |
| 24 months 1 day to 30 months | 6.50% | 6.50% |
| 30 months 1 day to 36 months | 6.25% | 6.25% |
| 36 months 1 day to 42 months | 6.50% | 6.50% |
| 42 months 1 day to 48 months | 6.25% | 6.25% |
| 48 months 1 day to 59 months | 6.25% | 6.25% |
| 59 months 1 day to 60 months | 6.75% | 6.75% |
Source- Fincare Small Finance Bank
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