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 8.51% p.a. for different tenures for regular citizens.
The highest rate of interest is offered by the bank for a tenure of 750 days at 8.51% and senior citizens receive the highest rate of interest at 9.11% 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 14 days | 3.00% | 3.60% |
15 days to 30 days | 4.50% | 5.10% |
31 days to 45 days | 4.75% | 5.35% |
46 days to 90 days | 5.25% | 5.85% |
91 days to 180 days | 5.75% | 6.35% |
181 days to 365 days | 6.50% | 7.10% |
12 months to 15 months | 7.50% | 8.10% |
15 months 1 day to 499 days | 7.75% | 8.35% |
500 days | 8.11% | 8.71% |
501 days to 18 months | 7.75% | 8.35% |
18 months 1 day to 21 months | 8.01% | 8.61% |
21 months 1 day to 24 months | 8.01% | 8.61% |
24 months 1 day to 749 days | 8.05% | 8.65% |
750 days | 8.51% | 9.11% |
751 days to 30 months | 8.05% | 8.65% |
30 months 1 day to 999 days | 8.00% | 8.60% |
1000 days | 8.31% | 8.91% |
1001 days to 36 months | 8.00% | 8.60% |
36 months 1 day to 42 months | 8.25% | 8.85% |
42 months 1 day to 48 months | 7.50% | 8.10% |
48 months 1 day to 59 months | 7.50% | 8.10% |
59 months 1 day to 66 months | 8.00% | 8.60% |
66 months 1 day to 84 months | 7.00% | 7.60% |
Note: The interest rates are subject to revision and are effective from 21 September 2023.
Fincare Small Finance Bank NRE Fixed Deposit Rates
Tenure | NRE Rates (p.a.) |
12 months to 15 months | 7.50% |
15 months 1 day to 499 days | 7.75% |
500 days | 8.11% |
501 days to 18 months | 7.75% |
18 months 1 day to 21 months | 8.01% |
21 months 1 day to 24 months | 8.01% |
24 months 1 day to 749 days | 8.05% |
750 days | 8.51% |
751 days to 30 months | 8.05% |
30 months 1 day to 999 days | 8.00% |
1000 days | 8.31% |
1001 days to 36 months | 8.00% |
36 months 1 day to 42 months | 8.25% |
42 months 1 day to 59 months | 7.50% |
59 months 1 day to 60 months | 8.00% |
Note: The interest rates are subject to revision and are effective from 21 September 2023.
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.
FAQs on Fincare Small Finance FD Rates
- 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.
- 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.
- 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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