Fincare Small Finance Bank FD Rates

Fincare Small Finance Bank FD Rates are competitive and range between 3% to 8.61% p.a. for the general public and 3.60% to 9.21% p.a. for senior citizens. In this brief overview, you will explore the attractive interest rates on fixed deposits offered by Fincare Small Finance Bank and make informed decisions about your financial investments.

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Fincare FD Rates on Domestic Deposits of Less Than Rs. 2 Crores

Tenure Interest Rate for General Public (in % p.a.) Interest Rate for Senior Citizens (in % p.a.)
7 days to 14 days 3.00% 3.60%
15 days to 30 days 4.50% 5.10%
31 days to 45 days 5.25% 5.85%
46 days to 90 days 5.75% 6.35%
91 days to 180 days 6.25% 6.85%
181 days to 365 days 7.00% 7.60%
12 months to 15 months 7.65% 8.25%
15 months 1 day to 499 days 7.85% 8.45%
500 days 8.21% 8.81%
501 days to 18 months 7.85% 8.45%
18 months 1 day to 21 months 8.11% 8.71%
21 months 1 day to 24 months 8.11% 8.71%
24 months 1 day to 749 days 8.15% 8.75%
750 days 8.61% 9.21%
751 days to 30 months 8.15% 8.75%
30 months 1 day to 999 days 8.11% 8.71%
1000 days 8.41% 9.01%
1001 days to 36 months 8.11% 8.71%
36 months 1 day to 42 months 8.25% 8.85%
42 months 1 day to 48 months 7.50% 8.10%
48 months 1 day to 59 months 7.50% 8.10%
59 months 1 day to 66 months 8.00% 8.60%
66 months 1 day to 84 months 7.00% 7.60%

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Fincare FD Rates on NRE Deposits of Less Than Rs. 2 crores

Tenure NRE Rates (p.a.)
12 months to 15 months 7.50%
15 months 1 day to 499 days 7.85%
500 days 8.21%
501 days to 18 months 7.85%
18 months 1 day to 21 months 8.11%
21 months 1 day to 24 months 8.11%
24 months 1 day to 749 days 8.15%
750 days 8.61%
751 days to 30 months 8.15%
30 months 1 day to 999 days 8.11
1000 days 8.41%
1001 days to 36 months 8.11%
36 months 1 day to 42 months 8.25%
42 months 1 day to 59 months 7.50%
59 months 1 day to 60 months 8.00%

People Also Read: FD Calculator

What is Fincare FD Interest Rates?

Fincare FD Interest Rates refer to the interest rates offered by Fincare Small Finance Bank on its Fixed Deposit (FD) accounts. These rates determine the return on earnings you receive on your fixed deposits with Fincare. 

The interest rates may vary based on:

  • Deposit amount

  • Tenure of FD

  • Fincare FD rates

Features of Fincare Small Finance Bank FD Rates

The key features of Fincare Small Finance Bank are listed below:

  • Attractive interest rates: Fincare Small Finance Bank offers competitive and attractive Fixed Deposit (FD) interest rates.

  • Flexible tenures: You can choose from a range of flexible tenures to suit your financial goals and preferences.

  • Minimum deposit amount: The bank allows you to start with a relatively low deposit amount, making it accessible to a wide range of customers.

  • Senior citizen benefits: Special interest rates and benefits are provided to senior citizens, enhancing returns for this demographic.

  • Auto-renewal option: FDs can be automatically renewed upon maturity, ensuring continuity and convenience for account holders.

  • Loan against FD: Fincare Small Finance Bank offers the option to avail loans against the FD, providing liquidity without breaking the deposit.

  • Nomination facility: You can nominate beneficiaries, facilitating a smooth transfer of FD proceeds in the event of unforeseen circumstances.

  • Online FD booking: The bank provides a convenient online platform for you to book and manage your FDs seamlessly.

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Types of Fincare Small Finance Bank Fixed Deposit

The types of Fincare Small Finance Bank FD are listed below:

  1. Regular Fixed Deposit:

    • Traditional fixed deposit with a fixed tenure and interest rate.

    • Interest payout options: Monthly, Quarterly, Half-yearly, or at maturity.

  2. Senior Citizens Fixed Deposit:

  3. Fincare Tax Saving Fixed Deposit:

    • Eligible for tax deductions under Section 80C of the Income Tax Act.

    • The lock-in period of 5 years with no premature withdrawal allowed.

Eligibility Criteria to Apply for Fincare Small Finance Bank FD Rates

The following customers are eligible to apply for Fincare Small Finance Bank FD rates:

  • Individuals: Any Indian resident, including salaried, self-employed, professionals, and non-resident Indians (NRIs).

  • Minors: Minors can open FDs through a guardian.

  • Joint accounts: Up to 3 individuals can hold a joint FD account.

Documents Required to Apply for Fincare Small Finance Bank FD Rates

The documents required to apply for Fincare Small Finance Bank FD rates are as follows:

  • Proof of Identity: PAN Card, Aadhaar Card, Passport, Driving License

  • Proof of Address: Aadhaar Card, Utility Bills, Bank Statement

  • Minors can open FDs through a guardian who will need to submit their KYC documents along with the minor's birth certificate.

Steps to Apply for Fincare Small Finance Bank FD Rates

Follow the steps mentioned below to start investing in Fincare Small Finance Bank FD rates:

Step 1: Visit Fincare website: https://fincarebank.com/

Step 2: Click on the "Fixed Deposits" button.

Step 3: Choose your preferred FD tenure and amount.

Step 4: Select interest payout frequency (monthly, quarterly, or cumulative).

Step 5: Fill in your PAN and mobile number.

Step 6: Click "Invest Now".

Step 7: Complete online KYC verification (Aadhaar & PAN required).

Step 8: Fund your FD using your existing bank account.

Summing It Up

Fincare Small Finance Bank offers competitive FD rates, providing investors with an attractive avenue for wealth accumulation. With a focus on stability and growth, these rates make Fincare Small Finance Bank an appealing choice for those seeking reliable returns on their investments.

FAQ's

  • What is the interest rate for Fincare FD?

    Fincare Small Finance Bank offers a range of fixed deposit (FD) interest rates are as follows:
    • General Public: 3.00% to 8.61% p.a.

    • Senior Citizens: 3.60% to 9.21% p.a.

  • Is Fincare Bank safe for FD?

    While Fincare may not be as established as some larger banks, it can still be considered a reasonably safe option for FDs, especially for amounts up to Rs. 5 lakh covered by the DICGC insurance. However, it is always advisable to diversify your investments and not put all your eggs in one basket.
  • What is the interest rate of FD in Small Finance Bank?

    Interest rates for Fixed Deposits (FDs) in Small Finance Banks can vary depending on several factors, including:
    • Specific bank: Different Small Finance Banks offer different interest rates.

    • Deposit tenure: Interest rates increase with the tenure of the FD.

    • The amount deposited: Some banks offer higher rates for larger deposits.

    • Depositor type: Senior citizens typically get higher interest rates.

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