This bank offers FD interest rate up to 9.01% for senior citizens, 8.41% for other investors
Fincare Small Finance Bank will now offer fixed deposit interest rates of up to 9.01% for senior citizens and 8.41% for regular investors for amounts below Rs 2 crore. The new rates are effective from March 24, 2023, as per a press release from the bank.Also read: Fixed deposit rates are likely to rise even more; Should you wait for higher FD rates?
Fincare Small Finance Bank FD rates
Fixed deposits maturing in 7 to 45 days will continue to be offered at a 3% interest rate, while those maturing in 46 to 90 days will be offered at a 4.50% interest rate. Fincare SFB will continue to give a 5.50% interest rate on deposits held between 91 to 180 days, while the bank will offer an interest rate of 6.25% on deposits held for 181 to 364 days. Fixed deposits maturing in 12 to 499 months will now pay 7.50% interest.
Fixed deposits maturing in 500 days have had their interest rate raised to 7.75%, while those maturing in 501 days to 18 months have had their interest rate raised to 7.50%. Fincare SFB will now offer an interest rate of 7.80% on deposits of 18 months to 24 months. Deposits maturing in 24 months to 749 days will now earn 7.90%, while those maturing in 750 days will earn a maximum interest rate of 8.11%.
Fincare Small Finance Bank will now offer an interest rate of 8.41% on fixed deposits maturing in 1000 days and on those maturing in 1001 days to 36 months is 8%. Fincare Small Finance Bank offers interest rate of 8.25% on a deposit tenor of 36 months 1 day to 42 months and the bank offers interest rate of 7.50% on a deposit tenor of 42 months 1 day to 59 months.
Deposits with maturities between 59 months to 66 months will now earn 8% interest, while deposits with maturities between 66 months 1 day to 84 months will now earn 7% interest.
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This story originally appeared on: India Times - Author:Faqs of Insurances
