• Fincare Small Finance Bank Fixed Deposit Rates

    Fincare Small Finance Bank was incorporated in June 2017. The bank offers smart fixed deposits, as well as NRE, fixed deposits. Senior citizens opening a smart fixed deposit with the bank can get an additional interest of 0.50% p.a.

    Fincare Small Finance Bank offers interest rates in the range of 3.00% p.a. to 6.75% p.a. for different tenures for regular citizens. The highest rate of interest is offered by the bank for a tenure of 3 years 1 day to 42 months at 6.75 and senior citizens receive the highest rate of interest at 7.25% for the same tenure range.

    Types of FD Schemes Offered by Fincare Bank

    Fincare Small Finance Bank offers two types of fixed deposits:

    • Smart fixed deposit
    • NRE Fixed deposit

    Fincare Small Finance FD Fixed Deposit Interest Rates

    The interest rates for Smart Fixed Deposits below Rs.2 crore with premature withdrawal facility are as follows:

    Tenure Interest rate for general public (p.a.) Interest rate for senior citizens (p.a.)
    7 days to 45 days 3.00% 3.50%
    46 days to 90 days 3.25% 3.70%
    91 days to 180 days 3.50% 4.00%
    181 days to 364 days 5.00% 5.50%
    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 6.25% 6.75%
    21 months 1 day to 24 months 6.25% 6.75%
    24 months 1 day to 30 months 6.50% 7.00%
    30 months 1 day to 36 months 6.50% 7.00%
    3 years 1 day to 42 months 6.75% 7.25%
    42 months 1 day to 4 years 6.50% 7.00%
    4 years 1 day to 59 months 6.50% 7.00%
    59 months 1 day to 66 months 6.00% 6.50%
    66 months 1 day to 7 years 5.50% 6.00%

    Note: The interest rates are subject to revision and are effective from 1 April 2021.

    The interest rates for Smart Fixed Deposits below Rs.2 crore without premature withdrawal facility are as follows:

    Tenure Interest rate for general public (p.a.)
    181 days to 270 days 5.10%
    271 days to 330 days 5.10%
    331 days to 360 days 6.20%
    361 days to 13 months 6.20%
    13 months 1 day to 15 months 6.50%
    15 months 1 day to 18 months 6.50%
    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 6.35%
    30 months 1 day to 36 months 6.35%

    Note: The interest rates are subject to revision and are effective from 1 April 2021.

    Fincare Small Finance Bank NRO/NRE Fixed Deposit Rates

    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 5.00% 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 6.25% 6.25%
    21 months 1 day to 24 months 6.25% 6.25%
    24 months 1 day to 30 months 6.50% 6.50%
    30 months 1 day to 36 months 6.50% 6.50%
    3 years 1 day to 42 months 6.75% 6.75%
    42 months 1 day to 4 years 6.50% 6.50%
    4 years 1 day to 59 months 6.50% 6.50%
    59 months 1 day to 60 months 6.00% 6.00%

    Note: The interest rates are subject to revision and are effective from 1 April 2021.

    How to Apply for Fincare Small Finance FD

    Click on the 'Apply Now' button available on the bank's fixed deposit webpage. You will be redirected the 'Fixed Deposit Enquiry' Form. Fill the form with the requested details and the bank will get back to you via email or phone.

    Eligibility Criteria for Fincare Small Finance FD

    • Existing as well new customers can open an FD account with Fincare Small Finance Bank.
    • You can open a fixed deposit as a single holder or joint holder.

    Documents Required

    You will need to complete the KYC checks with the bank to open a fixed deposit. Identification proof such as PAN or Aadhar will be required.

    It is better to browse and compare fixed deposit rates offered by different banks to get the best offer suitable for your needs.

    Fincare Small Finance FD Rates FAQs

    1. Do senior citizens get a higher rate of interest on all tenures?

      Yes, senior citizens receive an additional interest rate of 0.50% across all tenures.

    2. What is the highest rate of interest offered under short-term deposits?

      The highest rate of interest is offered by the bank for a tenure of 3 years 1 day to 42 months at 6.75 and senior citizens receive the highest rate of interest at 7.25% for the same tenure range.

    3. Does Fincare Small Finance Bank offer fixed deposits for NRIs?

      Yes, Fincare Small Finance Bank offers fixed deposits for Non-Resident Indians as well. However, the interest rate for NRI fixed deposits will vary compared to domestic fixed deposits.

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