Fincare RD Rates 2025: Smart Savings Start
In line with the Reserve Bank of India (RBI) guidelines, Fincare Small Finance Bank (Fincare SFB) has merged into AU Small Finance Bank (AU SFB), effective from 1 April 2024.
A recurring deposit (RD) is a type of term deposit which enables individuals to make regular deposits and receive returns on their investments. Fincare Small Finance Bank offers recurring deposits for tenures ranging from six months to 60 months.
Read on to know more about recurring deposits offered by Fincare Small Finance Bank including its features and interest rates.
Features of Fincare Small Finance Bank Recurring Deposit (RD)
The features of recurring deposits offered by Fincare Small Finance Bank are as follows:
- Flexible tenure options ranging from six months to 60 months.
- Attractive interest rates ranging from 5.50% p.a. to 7.25% p.a.
- The interest is compounded quarterly and paid at maturity.
- A premature withdrawal facility is available.
- The minimum deposit amount is Rs.500 and the maximum deposit amount is Rs.1.5 lakh.
- A nomination facility is available.
Latest Fincare Small Finance RD Interest Rates
The interest rates on recurring deposits offered by Finance Small Finance Bank are mentioned in the table below:
Tenure | General Public Rate (p.a.) | Senior Citizen Rate (p.a.) |
3 Months | 5.50% | 6.00% |
6 Months | 6.00% | 6.50% |
9 Months | 7.25% | 7.75% |
12 Months | 7.25% | 7.75% |
15 Months | 7.85% | 8.35% |
18 Months | 8.10% | 8.60% |
21 Months | 8.00% | 8.50% |
24 Months | 8.00% | 8.50% |
27 Months | 8.00% | 8.50% |
30 Months | 8.00% | 8.50% |
33 Months | 8.00% | 8.50% |
36 Months | 8.00% | 8.50% |
42 Months | 7.75% | 8.25% |
48 Months | 7.75% | 8.25% |
60 Months | 7.50% | 8.00% |
72 Months | 7.25% | 7.75% |
84 Months | 7.25% | 7.75% |
96 Months | 7.25% | 7.75% |
108 Months | 7.25% | 7.75% |
120 Months | 7.25% | 7.75% |
Notes:
- Rates are applicable for deposits less than ₹2 crore
- Rates are effective from 20 January 2025
Documents Required for Fincare Small Finance Bank RD
You need the following documents to open an RD account with Fincare Small Finance Bank:
- Duly filled application form
- Proof of identity - Aadhaar card, passport, voter ID, etc.
- Proof of address - Driving license, utility bills, passport, etc.
- Passport size photographs
FAQs on Fincare Small Finance Bank RD Interest Rates
- What are the minimum and maximum deposit amounts for Fincare Small Finance Bank?
The minimum deposit amount is Rs.500 and the maximum deposit amount is Rs.1.5 lakh.
- What are the interest rates offered on Fincare Small Finance Bank recurring deposits?
The interest rates offered on Fin care Small Finance Bank recurring deposits range from 5.50% p.a. to 7.25% p.a.
- What are the tenures offered on Fincare Small Finance Bank recurring deposits?
Fincare Small Finance Bank offers recurring deposits for tenures ranging from six months to 60 months.
- Does Fincare Small Finance Bank offer a nomination facility on recurring deposits?
Yes, Fincare Small Finance Bank offers a nomination facility on recurring deposits.
- Can I book a recurring deposit on a monthly, quarterly, or semi-annual basis?
No, you can book a recurring deposit only on a monthly mode.
- Is it possible to withdraw my recurring deposit before it matures?
Yes, you can withdraw your recurring deposit before maturity. However, you will have to pay a penalty of 1.00% for such premature withdrawals.
- Can a minor open a recurring deposit account with Fincare Small Finance Bank?
Yes, minors are eligible to open a recurring deposit account with Fincare Small Finance Bank.
- Do senior citizens get an additional interest rate on recurring deposits?
No, Fincare Small Finance Bank does not offer additional interest rates to senior citizens at present.
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