Fincare Small Finance Bank (SFB) has increased the interest rates on Fixed Deposits of less than Rs 2 crore. After increasing the repo rate of the Reserve Bank of India (RBI), private and government banks of the country are constantly trying to make it attractive to the customers by increasing the interest rates of their fixed deposit schemes. In this sequence, Fincare Small Finance Bank has also increased the interest rates of FD. The bank offers interest on fixed deposits ranging from seven days to 10 years.
Interest on 1000 days FD
On FDs ranging from seven days to 10 years, the bank offers interest ranging from three percent to seven percent to common citizens. At the same time, this interest rate for senior citizens ranges from 3.60 percent to 7.60 percent. Senior citizens can get 9.01% interest on SFB’s 1000 days fixed deposit. At the same time, common citizens will get interest at the rate of 8.41 percent on FD of this period. According to the official website of the bank, the new FD rates are effective from March 24, 2023.
How much interest on FD for 180 days?
Fincare Small Finance Bank is offering three per cent interest on fixed deposits maturing in seven days to 45 days. At the same time, FD maturing in 46 to 90 days will get interest at the rate of 4.50 percent. Fincare Small Finance Bank is offering interest at the rate of 5.50 per cent on term deposits of 91 to 180 days. The bank is offering interest at the rate of 6.25 per cent on FDs of 181 to 364 days.
Interest on FD of 84 months
The bank is offering interest at the rate of 8.41 per cent to common citizens on fixed deposits maturing in 1000 days to 18 months. At the same time, FD maturing in 1001 days to 36 months will get interest at the rate of 8%. The bank has increased the interest rate on deposits from 42 months to 59 months to 7.50 percent. At the same time, interest will be available at the rate of 8.25 percent on deposits of 36 months 1 day to 42 months. Deposits maturing between 59 and 66 months will earn interest at the rate of 8 percent. At the same time, deposits maturing between 66 and 84 months will now get interest at the rate of 7 percent.
