In Fincare Small Finance Bank, now common people will get 8.41 percent interest on fixed deposits and senior citizens will get 9.01 percent interest. These interest rates will be applicable for FDs with an amount of less than Rs 2 crore.
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In Fincare Small Finance Bank, now common people will get 8.41 percent interest on fixed deposits and senior citizens will get 9.01 percent interest. These interest rates will be applicable for FDs with an amount of less than Rs 2 crore. The new rates are effective from 24 March 2023. The bank has given this information by issuing a press release.
What are the new rates on FD?
Fixed deposits maturing in 7 to 45 days will get interest at the rate of 3 percent. Whereas, the bank’s FD with maturity of 46 to 90 days will have an interest rate of 4.50 percent. 91 to 180 days FD in Fincare Small Finance Bank will now get interest at the rate of 5.50 percent. Whereas, the bank will give an interest rate of 6.25 per cent for a period of 181 to 364 days. On the other hand, the bank will offer an interest rate of 7.50 per cent on fixed deposits of 12 months to 499 days tenure.
At the same time, the bank has increased the interest rate on fixed deposits maturing in 500 days to 7.75 per cent. Whereas, the bank’s interest rate on FDs maturing during the period of 501 days to 18 months has increased to 7.50 percent. In Fincare Small Finance Bank, now the bank is paying interest at the rate of 7.80 percent on the tenure of 18 months to 24 months. On the other hand, from 24 months to 749 days, now customers in the bank will be able to earn 7.90 percent interest. Whereas, the bank will offer a maximum interest rate of 8.11 percent on FDs maturing in 750 days.
Customers will get this much return
In this small finance bank, the bank will give interest at the rate of 8% on FDs of 1000 days to 1001 days to 36 months. At the same time, in this small finance bank, there will be an interest rate of 8.25 percent on FDs ranging from 36 months 1 day to 42 months. At the same time, the bank will get interest at the rate of 7.50 percent on fixed deposits of 42 months, 1 day to 59 days.
On the other hand, FDs of 59 days to 66 months in the bank will now have an interest rate of 8 per cent. Whereas, interest will now be given at the rate of 7 percent on fixed deposits of 66 months, 1 day to 84 days in the bank.
Source: www.tv9hindi.com”