This Sfb increases fixed deposit rates, regular customers now receive up to 7%

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Fincare Small Finance Bank (SFB) has hiked interest rates on fixed deposits by less than 2 cr. The interest rate revision was made by the Bank on May 24, 2022 and following the revision, the Bank increased interest rates for several maturities.

Fincare Small Finance Bank Fixed Deposit Rates

The bank will continue to offer an interest rate of 3% on deposits with a holding period of 7 to 45 days, while the interest rate on deposits with a holding period of 46 to 90 days has been raised from 3.25% to 3.50%. Fincare SFB has increased the interest rate on fixed deposits from 91 to 180 days from 3.50 percent to 4%, an increase of 50 basis points. Deposits with a maturity of 181 to 364 days now earn an interest rate of 5.40 percent, down from 5.15 percent previously, while deposits with a maturity of 12 to 18 months earn an interest rate of 6.25 percent, down from the previous 6 percent.

The bank will continue to offer an interest rate of 6.50 percent for deposits with a maturity of 18 months, one day to 36 months, while the rate for deposits with a maturity of 36 months, one day to 42 months is 6.75 percent Percent was raised to 7%. Fincare SFB continues to pay an interest rate of 6.75 percent on deposits with maturities between 42 days and 59 months. The interest rate on deposits with a maturity of 59 months 1 day to 66 months was raised from 6.75% to 7%, while the interest rate on deposits with a maturity of 66 months 1 day to 84 months rose from 5.50% to 6% was raised. . Seniors over 60 will continue to receive an additional rate of 0.50% over the regular rate for all terms.

7 days to 45 days – 3%

46 days to 90 days – 3.5%

91 days to 180 days – 4%

181 days to 364 days – 5.4%

12 months to 15 months – 6.25%

15 months 1 day to 18 months – 6.25%

18 months 1 day to 21 months – 6.50%

21 months 1 day to 24 months – 6.50%

24 months 1 day to 30 months – 6.50%

30 months 1 day to 36 months – 6.50%

36 months 1 day to 42 months – 7%

42 months 1 day to 48 months – 6.75%

48 months 1 day to 59 months – 6.75%

59 months 1 day to 66 months – 7%

66 months 1 day to 84 months – 6%

Source: bank website

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