Fincare Small Finance Bank hikes interest rates on fixed deposits

Fincare Small Finance Bank FD Rates

The bank will continue to offer 3 per cent interest rate on fixed deposits maturing in 7 days to 45 days and 3.5 per cent interest rate on fixed deposits maturing in 46 days to 90 days. Fincare SFB will continue to offer 4 per cent interest rate on deposits maturing from 91 days to 180 days, while the bank will continue to offer 5.4 per cent interest rate on deposits maturing from 181 days to 364 days.

Fixed deposits with maturities of 12 to 15 months will continue to offer 6.25 per cent interest, while the bank will now offer fixed deposits at the rate of 6.90 per cent with maturities between 15 months and 18 months, from 6.25 per cent earlier- 65 basis points increase of. The bank will continue to offer an interest rate of 6.50 per cent on deposits maturing in 18 months, 1 day to 36 months and 7 per cent interest rate on fixed deposits maturing in 36 months, 1 day to 42 months.

On deposits maturing in 42 months, 1 day to 59 months, Fincare Small Finance Bank will continue to offer an interest rate of 6.75 per cent, and on deposits maturing in 59 months, 1 day to 66 months, the interest rate will remain the same at 7 per cent. Post today’s adjustments, Fincare Small Finance Bank will continue to offer 6% interest rate on Fixed Deposits with maturities of 66 months and 1 day to 84 months.

During this, IDFC First Bank has also increased its interest rates on fixed deposits of less than 2 crore With effect from July 18, 2022, the adjustment prompted the bank to increase interest rates on deposits with maturities of two to three years. On the other hand, federal bank The interest rates on fixed deposits were also changed today. For deposits maturing in 6 months to 10 years, the bank now offers an interest rate that ranges from 4.25 per cent to 5.75 per cent for regular customers and 4.75 per cent to 6.40 per cent for senior citizens.

first article