Fincare Bank FD Rates 2023: presents an array of Fixed Deposits (FDs) for 2023, providing an opportunity to grow your wealth. With flexible tenure options ranging from 7 days to 10 years and no penalty on premature withdrawal after 6 months, our FDs offer excellent benefits. Enjoy features such as a nomination facility, Fincare renewal option, diverse interest payout choices, and access to a loan/overdraft facility. Opening a Fincare Bank FD online is hassle-free, allowing you to initiate the process with just a click, in a paper-free manner.
Recognized as one of the most favored financial instruments among the general saving public in India, a Fixed Deposit (FD) with Fincare Bank ensures a higher rate of interest compared to a regular savings account. It stands out as a secure investment option that yields substantial returns over a specified period.
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Benefits of Fincare Bank Fixed Deposit
Utilizing your idle funds has never been more rewarding with Fincare Bank Fixed Deposits. Experience an attractive rate of interest, along with the flexibility of choosing between quarterly and cumulative interest payouts. What’s more, there are no penalties for premature withdrawals after 6 months, making it a flexible investment option.
Additionally, enjoy the perk of having non-maintenance charges waived in your savings account against FDs with a tenure of one year or more. Explore the opportunities that Fincare Bank Fixed Deposits bring, maximizing your returns with ease.
Fincare Bank FD Rates 2023
Tailored for Residents (Less than ₹2 Crores) with Premature Withdrawal Facility (Effective from May 25, 2023)
TENURE | General Public | Senior Citizen Rate |
---|---|---|
7 days – 45 days 🕑 | 3.00% | 3.60% |
46 days – 90 days 🕒 | 4.50% | 5.10% |
91 days – 180 days 🕓 | 5.50% | 6.10% |
181 days – 365 days 🕔 | 6.25% | 6.85% |
12 months – 15 months 🕖 | 7.50% | 8.10% |
15 Months 1 day-499 days 🕗 | 7.50% | 8.10% |
500 days 🕘 | 8.11% | 8.71% |
501 days – 18 months 🕙 | 7.50% | 8.10% |
18 months 1 day – 21 months 🕚 | 7.80% | 8.40% |
21 months 1 day – 24 months 🕛 | 7.80% | 8.40% |
24 months 1 day- 749 days 🕐 | 7.90% | 8.50% |
750 days 🕑 | 8.31% | 8.91% |
751 days – 30 months 🕒 | 7.90% | 8.50% |
30 months 1 day to 999 days 🕓 | 8.00% | 8.60% |
1000 days 🕔 | 8.51% | 9.11% |
1001 days- 36 months 🕕 | 8.00% | 8.60% |
36 months 1 day – 42 months 🕖 | 8.25% | 8.85% |
42 months 1 day – 48 months 🕗 | 7.50% | 8.10% |
48 months 1 day – 59 months 🕘 | 7.50% | 8.10% |
59 months 1 day – 66 months 🕙 | 8.00% | 8.60% |
66 months 1 day – 84 months 🕚 | 7.00% | 7.60% |
- The rates mentioned above become effective as of the specified date and are subject to change without prior notice.
- In the event of premature fund withdrawal, a 0.5% pre-closure penalty is applicable based on the relevant slab rate or FD rate, whichever is lower.
- The aforementioned rates apply to payments received through NEFT/RTGS transfer, with the condition that the funds are received on the same day.
- These rates are specifically valid for a single FD receipt of the specified quantum. For instance, it is important to note that three 1 Cr FDs from XYZ bank cannot be treated as a single FD of 3Cr.
Applying for Fincare Bank FD: A Simple Guide
To initiate the process of applying for a Fixed Deposit (FD) with Fincare Small Finance Bank, you can visit the nearest branch. Our dedicated Relationship Manager will be available to assist you with the application process, providing guidance and answering any queries you may have. Additionally, for the convenience of online applications, you can click here to apply seamlessly through our online platform.
FAQ
Fincare Bank’s FD rates are subject to change. For the latest information, it is recommended to check the official website or contact the bank directly.
The minimum deposit amount may vary based on the type and tenure of the FD. Specifics can be obtained from the bank’s official channels.
Yes, Fincare Bank typically offers various FD schemes with different interest rates and tenures. Prospective investors can choose the scheme that aligns with their financial goals.
Fincare Bank usually allows premature withdrawal of FDs, but it is subject to certain terms and conditions. It is advisable to check with the bank regarding the applicable rules.
Fincare Bank commonly calculates interest on FDs using compounding methods. The specific calculation may vary based on the type of FD and its tenure.