Fincare Small Finance Bank Fixed Deposit

Here are some important features of the Fincare Small Finance Bank Regular Fixed Deposit scheme:

1. Monthly or quarterly interest payout options
2. Cumulative interest option
3. Flexible renewal features
4. Hassle-free pre-closure features
5. Senior citizens get 0.50% more interest
6. Initial booking amount of Rs.1,000
7. Tenure ranging from 7 days to 7 years
   

Features of Fincare Small Finance Bank Priority Plus Fixed Deposit

Here are some major features of Fincare Small Finance Bank Priority Plus Fixed Deposit scheme:

1. Customised bulk deposits with attractive interest rates for funds above Rs.2 crore
2. Minimal penalty for pre-closure
3. Quarterly and monthly interest payout options
4. Cumulative interest payout option
5. Special advisory for customised deposits based on individual requirements
   

Features of Fincare Small Finance Bank Tax Saver Fixed Deposit

Here are the key features of the Fincare Small Finance Bank Tax Saver Fixed Deposit scheme:

1. Tax exemption under Section 80C of the Income Tax Act
2. Monthly, quarterly, or cumulative interest payout options
3. Minimum deposit of Rs.5,000 and maximum of Rs.1.5 lakh in a financial year
4. Five-year lock-in period
5. Joint deposit facility available

Features of Fincare Small Finance Bank NRE Fixed Deposit

The NRE fixed deposit of Fincare Small Finance Bank has the following features:

1. Higher interest rates for deposits up to Rs.10 crore
2. Quarterly interest payout option
3. Cumulative FD option
4. Hassle-free pre-closure and renewal features
5. Any convertible currency is accepted
6. Fully repatriable principal and interest amount
7. Non-taxable interest income in India
   

Features of Fincare Small Finance Bank NRO Fixed Deposit

These are some of the features of the Fincare Small Finance Bank NRO Fixed Deposit scheme:

1. Quarterly, maturity, and cumulative interest payout options
2. High interest FD for income generated in India
3. Automatic renewal of interest and principal on maturity
4. Tenure from one week to 5 years
5. Hassle-free pre-closure

Fincare Small Finance Bank Term Deposit Interest Rates

The Fincare Small Finance Bank FD interest rates on domestic term deposits of less than Rs.2 crore, with effect from 25 May 2023, range from 3.00% p.a. to 8.51% p.a. for tenures ranging from one week to 7 years. Senior citizens are given 0.60% p.a. extra interest which ranges from 3.60% p.a. to 9.11% p.a. for tenures ranging from one week to 7 years.

The interest rate for NRO fixed deposits with tenures ranging from 7 days to 5 years ranges from 3.00% p.a. to 8.51% p.a. for deposits up to Rs.2 crore. For NRE fixed deposits, the interest rate ranges from 7.50% p.a. to 8.51% p.a. for tenures that range from 1 year to 5 years for deposits up to Rs.10 crore. These rates are effective from 25 May 2023.

Who is Eligible to Open an Account under the Fincare Small Finance Fixed Deposit Scheme?

The following entities are eligible to open a fixed deposit account with Fincare Small Finance Bank:

1. Resident Individuals
2. Non-Resident Indians

Documents Required to Open Fincare Small Finance Bank Fixed Deposit

1. Aadhaar and PAN card are required along with other KYC documents as requested by the bank.