• Fincare Small Finance Bank Fixed Deposit

    Fincare Small Finance Bank offers fixed deposit schemes with both interest payout and cumulative interest options. The attractive interest rates assure value for money while protecting your hard-earned money. The pre-closure facilities ensure easy liquidity when needed without any hassle.

    Types of Fincare Small Finance Bank Fixed Deposits

    Fincare Small Finance Bank offers the following fixed deposit schemes:

    • Smart Fixed Deposit
    • Priority Plus Fixed Deposit
    • Tax Saver Fixed Deposit
    • NRE Fixed Deposit
    • NRO FD

    Features of Fincare Small Finance Bank Smart Fixed Deposit Scheme

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

    • Monthly or quarterly interest payout options
    • Cumulative interest option
    • Flexible renewal features
    • Hassle-free pre-closure features
    • Senior citizens get 0.50% more interest
    • Initial booking amount of Rs.1,000
    • 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:

    • Customised bulk deposits with attractive interest rates for funds above Rs.2 crore
    • Minimal penalty for pre-closure
    • Quarterly and monthly interest payout options
    • Cumulative interest payout option
    • 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:

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

    • Higher interest rates for deposits up to Rs.10 crore
    • Quarterly interest payout option
    • Cumulative FD option
    • Hassle-free pre-closure and renewal features
    • Any convertible currency is accepted
    • Fully repatriable principal and interest amount
    • 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:

    • Quarterly, maturity, and cumulative interest payout options
    • High interest FD for income generated in India
    • Automatic renewal of interest and principal on maturity
    • Tenure from one week to 5 years
    • 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 1 April 2021, range from 3.00% p.a. to 6.75% p.a. for tenures ranging from one week to 7 years. Senior citizens are given 0.50% p.a. extra interest which ranges from 3.50% p.a. to 7.25% 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 6.75% p.a. for deposits up to Rs.2 crore. For NRE fixed deposits, the interest rate ranges from 6.00% p.a. to 6.75% p.a. for tenures that range from 1 year to 5 years for deposits up to Rs.10 crore. These rates are effective from 1 April 2021.

    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:

    • Resident Individuals
    • Non-Resident Indians

    Documents Required to Open Fincare Small Finance Bank Fixed Deposit

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

    Fincare Small Finance Bank FD FAQs

    1. Can I open a joint FD with Fincare Small Finance Bank?

      Yes, you can open a joint FD with Fincare Small Finance Bank in the Smart Fixed Deposit scheme.

    2. How do I open an FD with Fincare Small Finance Bank?

      You can open an FD with the bank by visiting the nearest branch or by applying online on the bank's official website.

    3. Will three separate FDs of the same bank be treated as the same FD?

      No, if you open three separate FDs with the same bank, each of the FDs will be treated as a separate one.

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