FD Interest Rate: If you want to avoid the risk of money sinking and get guaranteed returns on your investment, then investing in FD can be a good option. Fincare Small Finance Bank has increased the interest rates on its fixed deposit schemes for less than Rs 2 crore.
The bank is offering 9.11% interest to senior citizens investing on FD (Senior Citizen Fixed Deposit Interest Rates), while general investors are offered 8.51% interest rate. Let us tell you that in small care banks, the amount up to Rs 5 lakh is insured.
According to the website of Fincare Small Finance Bank, the bank operates FD schemes to invest in tenures ranging from 7 days to 10 years. The bank has increased the interest rates on FDs with effect from 25 May 2023.
The bank has said that common investors can get an interest rate of 8.51 percent on FDs maturing in 1000 days. For the same period, senior citizens will be given an interest rate of up to 9.11 percent. According to the bank, the minimum deposit amount to avail these interest rates is less than Rs 5,000 and the maximum is less than Rs 2 crore.
Fincare Small Finance Bank FD Interest Rates
- The bank will pay an interest rate of 3 percent for FDs maturing between 7 to 45 days.
- The bank will give 4.50 percent interest rate on FDs maturing between 46 and 90 days.
- The bank will pay 5.50 percent interest rate on FDs maturing between 91 and 180 days.
- The bank is offering an interest rate of 6.25 per cent for FDs with tenures of 181 and 365 days.
- Will pay 7.50 percent interest on FDs maturing between 12 months and 499 days.
- The bank is offering an interest rate of 8.11 per cent for FDs with a tenure of 500 days.
- The bank offers an interest rate of 7.50 per cent on FDs maturing between 501 days and 18 months.
- 7.80 percent interest rate is being given on FDs maturing in 18 months and one day and 24 months. The bank is offering 7.90 percent interest rate for FDs maturing in 24 months and one day to 749 days.
- Paying an interest rate of 8.31% for FDs maturing in 750 days.
- An interest rate of 8.25 percent is being given for FDs maturing between 36 months and 42 months.
- 7.50 percent interest is being given on FDs maturing in 42 months and one day to 59 months.
- The bank is offering 8 percent interest rate on FDs maturing in 59 months 1 day to 66 months.
- An interest rate of 7 percent has been offered on FDs maturing in 66 months 1 day to 84 months.
Senior Citizen FD Rates
Senior citizens from Fincare Small Finance Bank can avail interest rates ranging from 3.60 per cent to 9.11 per cent for tenures ranging from 7 days to 84 months.
