This Small Finance Bank Now Offers Upto 7.5% Interest Rates On FDs

Fixed deposits have become an attractive investment options for investors who are averse to risk. The risk financial instrument has been offered by several leading private banks, public banks, post offices, and non-banking financial companies. Fincare Small Finance Bank is also offering fixed deposits with attractive rates of interest. You can avail several attractive benefits too when you invest your hard-earned money with Fincare Small Finance Bank. It gives you flexible interest payout option and flexible pre-closure terms. It offers Smart Fixed Deposit, Priority Plus FD, and Tax Saver FD.

Recently, the bank has revised it interest rates on FDs and the rates have already come into effect from May 24, 2022. It is worth mentioning that if you are an existing customer of the bank, you can opt for online digital FD. When you click at Fixed Deposit option, it will present you with a clickable option and you just need to click there to proceed ahead. Fincare offers three types of FDs namely Regular FD and Senior Citizen FD. Check the FDs below:

1. Regular FD

These FD start from 7 days to 45 days tenure with an interest rate of 3.00%. The time period goes up to 66 months 1 day-84 days with interest rates of 6.00% p.a. However, if you opt for 59 months 1 day-66 months tenure, you can enjoy an interest rate of 7.00% p.a. with an effective yield of 7.19%. Check the table below for FD rates: 

Tenure	Interest Rate	Effective Yield
7 days • 45 days	3.00%	3.00%
46 days • 90 days	3.50%	3.50%
91 days ·180 days	4.00%	4.00%
181 days ·364 days	5.40%	5.51%
12 months • 15 months	6.25%	6.40%
15 months 1 day • 18 months	6.25%	6.40%
18 months 1 day· 21 months	6.50%	6.66%
21 months 1 day • 24 months	6.50%	6.66%
24 months 1 day • 30 months	6.50%	6.66%
30 months 1 day • 36 months	6.50%	6.66%
36 months 1 day • 42 months	7.00%	7.19%
42 months 1 day • 48 months	6.75%	6.92%
48 months 1 day • 59 months	6.75%	6.92%
59 months 1 day • 66 months	7.00%	7.19%
66 months 1 day • 84 months	6.00%	6.14%

2. Senior Citizen FD

These FDs begin from a minimum period of 7days-45 days with an interest rate 3.50% p.a. These FDs offer the maximum tenure of 66 months 1 day- 84 months with an interest rate of 6.50%. If you opt for the tenure of 59 months 1 day- 66 months, senior citizens can enjoy an interest rate of 7.50% with an effective yield of 7.71%. Check the FD rates below: 

Tenure		Interest Rate	Effective Yield
7 days • 45 days		3.50%	3.50%
46 days • 90 days		4.00%	4.00%
91 days • 180 days		4.50%	4.50%
181 days ·364 days		5.90%	6.03%
12 months ·15 months		6.75%	6.92%
15 months 1 day· 18 months		6.75%	6.92%
18 months 1 day· 21 months		7.00%	7.19%
21 months 1 day • 24 months		7.00%	7.19%
24 months 1 day • 30 months		7.00%	7.19%
30 months 1 day • 36 months		7.00%	7.19%
36 months 1 day • 42 months		7.50%	7.71%
42 months 1 day • 48 months		7.25%	7.45%
48 months 1 day • 59 months		7.25%	7.45%
59 months 1 day • 66 months		7.50%	7.71%
66 months 1 day • 84 months		6.50%	6.66%

3. NRE Deposit

You can invest your money under NRE Deposit. The tenure begins from 12months-15 months with an interest rate of 6.25%. The maximum tenure offered is 59 months 1 day-60 months with an interest rate of 7.00% and effective yield of 7.19%.

4. NRO Deposit

Fincare offers NRO deposits as well. The minimum tenure of these deposits is 7 days- 45 days and it can fetch you an interest rate of 3%. The highest tenure of these deposits goes to 59 months 1 day- 60 months with an interest rate of 7.19%.