Fincare Bank FD Rates, Fincare Bank Fixed Deposit from Aug 2020

Fincare Bank FD Rates 2020: Grow your money, with our fixed deposits. With a tenure varying between 7 days to 10 years, no penalty on premature withdrawal above 6 months and other great benefits…

The Fincare Bank offers a wide range of Fixed Deposits (FDs) that offer a good rate of return and come with various other benefits. Some of the features of Fincare Bank FDs include nomination facility, flexible tenure options, Fincare renewal facility, different interest payout options, loan/overdraft facility, Etc. It is very easy to open an Fincare Bank FD online and this can be done at the click of a button in a paper-free manner.

A Fixed Deposit (FD) is one of the most popular financial instruments among the general saving public in India as it provides a higher rate of interest than a regular savings account. Fixed Deposit (FD) is the safest of investments that give high returns after a period.

Benefits of Fincare Bank Fixed Deposit

  • Idle funds can be put to use
  • Attractive rate of interest
  • No Penalty on premature withdrawal above 6 months
  • Option to choose quarterly and cumulative interests
  • Non-maintenance charges waiver in savings against FD of one year and above

Fincare Bank FD Rates 2020

Resident Fixed Deposit (less than ₹2 Crores) – WITH Premature Withdrawal Facility (W.E.F 05-October-2020)

Resident Fixed Deposit (less than ₹2 Crores) – WITH Premature Withdrawal Facility
 
TENUR GENERAL PUBLIC SENIOR CITIZEN RATE**
7 days – 45 days 3.50% 4.00%
46 days – 90 days 3.70% 4.20%
91 days – 180 days 4.10% 4.60%
181 days – 364 days 5.30% 5.80%
12 months – 15 months 6.50% 7.00%
15 months 1 day – 18 months 6.50% 7.00%
18 months 1 day – 21 months 6.80% 7.30%
21 months 1 day – 24 months 6.80% 7.30%
24 months 1 day – 30 months 6.85% 7.35%
30 months 1 day – 36 months 6.90% 7.40%
36 months 1 day – 42 months 7.00% 7.50%
42 months 1 day – 48 months 6.50% 7.00%
48 months 1 day – 59 months 6.50% 7.00%
59 months 1 day – 66 months 6.00% 6.50%
66 months 1 day – 84 months 5.50% 6.00%
** A senior citizen is defined as a person above the age of 60 years. In case of Joint account holders where one of the account holder is a Senior Citizen, kindly note that Senior Citizen Term Deposit Interest Rate will only be applicable provided the Senior Citizen is the ‘First holder’ on the said term deposit.
Note:
1. The Fixed Deposit has premature withdrawal facility i.e. the Fixed Deposit can be closed by the depositor before expiry of the term of such deposit.
2. Acceptance of deposits of ₹2 Crores and above is at the discretion of the Bank.
3. Penalty interest rate applies as per terms and conditions
The above rates are subject to revision from time to time.
For Interest Calculation Methodology, please click here

Resident Fixed Deposit (₹1 Crore to less than ₹2 Crores)-WITHOUT Premature Withdrawal Facility

TENURE INTEREST RATE  EFFECTIVE YIELD
181 days – 270 days 5.50% 5.61%
271 days – 330 days 5.50% 5.61%
331 days – 360 days 6.75% 6.92%
361 days – 13 months 6.75% 6.92%
13 months 1 day – 15 months 6.75% 6.92%
15 months 1 day – 18 months 6.75% 6.92%
18 months 1 day – 21 months 6.90% 7.08%
21 months 1 day – 24 months 7.00% 7.19%
24 months 1 day – 30 months 6.95% 7.13%
30 months 1 day – 36 months 6.95% 7.13%
Note:
1. The Fixed Deposit does not have premature withdrawal facility i.e. the Fixed Deposit cannot be closed by the depositor before expiry of the term of such deposit.
2. Acceptance of deposits of ₹2 crore and above is at the discretion of the bank. The above rate are subject to revision from time to time
3. No preferential interest rate for senior citizen

How to Apply for Fincare Bank FD

  • Visit the nearest branch of Fincare Small Finance Bank and our Relationship Manager will guide you on the application process.
  • Click Here to Apply Online

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