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Fincare Small Finance Bank FD Rates: A 2023 Guide

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Mar 21, 2024
15 Mins

Fincare Small Finance Bank Fixed Deposits (FD) - Established in 2017 through the merger of Future Financial Services and Disha Microfin, Fincare Small Finance Bank has expanded across India with 919 branches and 35 ATMs. It boasts an A+ credit rating for its FD offerings, including Smart and NRE FDs. Senior citizens receive an extra 0.50% interest benefit. For the general public, FD interest rates range from 3.00% p.a. to 6.75% p.a., depending on the tenure. For instance, a 3-year FD attracts 6.75%, increasing to 7.25% for senior citizens.


FD Interest Rates - Here's a table of Fincare Small Finance Bank's FD rates for different tenures:

  • 7 to 14 days: Regular 3.00%, Seniors 3.60%
  • 15 to 30 days: Regular 4.50%, Seniors 5.10%
  • 31 to 45 days: Regular 4.75%, Seniors 5.35%
  • 46 to 90 days: Regular 5.25%, Seniors 5.75%
  • 91 to 180 days: Regular 5.75%, Seniors 6.25%
  • 181 to 364 days: Regular 6.50%, Seniors 7.10%
  • 12 to 15 months: Regular 7.50%, Seniors 8.10%
  • 750 days: Regular 8.51%, Seniors 9.11%

Tax Saver FD - Offers a 5-year lock-in period with an interest rate of 8.00% for regular investors and 8.60% for senior citizens, plus tax deductions under Section 80C.


NRO & NRE FD Rates - As of July 26, 2023, NRO FDs <2 crores have similar rates as regular deposits, starting from 3.00% for 7 days to 8.31% for 1000 days. NRE deposits up to 10 crores share these competitive rates with similar maturity options.


FD Schemes Introduction - Fincare Small Finance Bank’s FD schemes offer numerous benefits:

  • Smart FDs: Min ₹50,000, max ₹6 lakhs, plus 0.5% additional interest for seniors, with flexible payment options and automatic renewal.
  • Priority Plus FDs: Investments range from ₹2 crores to ₹30 crores, with predefined maturity periods.

Eligibility: Applicants range from resident individuals to NRIs, corporates, and various organizational bodies.


Required Documents - Essential documents include PAN, Aadhaar, photographs, and address proof for FD account opening.


Application Process - Fincare Small Finance Bank FD applications can be processed online or offline. Online involves visiting the bank's website, while offline requires branch visits for form submission.


Advantages - Enjoy benefits like flexible tenures, auto-renewals, insurance cover by DICGC, tax-saving options, and loans against FD, besides the ease of starting with a minimal deposit. Senior citizens benefit from higher interest rates and flexible payout selections to suit individual needs.


Conclusion - Fincare Small Finance Bank FDs offer an ideal blend of flexibility, safety, and competitive rates, ensuring your path to financial security is robust and yielding. It remains a strategic choice for those looking to leverage their investments with a trustworthy financial partner.

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Team Pluto
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Invest Smarter, Here's how to achieve Your Dreams 80% Faster - Let’s Get Started!Trusted by 3 Crore+ Indians
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
credit-cards

Fincare Small Finance Bank FD Rates: A 2023 Guide

blog-image
Mar 21, 2024
15 Mins

Fincare Small Finance Bank Fixed Deposits (FD) - Established in 2017 through the merger of Future Financial Services and Disha Microfin, Fincare Small Finance Bank has expanded across India with 919 branches and 35 ATMs. It boasts an A+ credit rating for its FD offerings, including Smart and NRE FDs. Senior citizens receive an extra 0.50% interest benefit. For the general public, FD interest rates range from 3.00% p.a. to 6.75% p.a., depending on the tenure. For instance, a 3-year FD attracts 6.75%, increasing to 7.25% for senior citizens.


FD Interest Rates - Here's a table of Fincare Small Finance Bank's FD rates for different tenures:

  • 7 to 14 days: Regular 3.00%, Seniors 3.60%
  • 15 to 30 days: Regular 4.50%, Seniors 5.10%
  • 31 to 45 days: Regular 4.75%, Seniors 5.35%
  • 46 to 90 days: Regular 5.25%, Seniors 5.75%
  • 91 to 180 days: Regular 5.75%, Seniors 6.25%
  • 181 to 364 days: Regular 6.50%, Seniors 7.10%
  • 12 to 15 months: Regular 7.50%, Seniors 8.10%
  • 750 days: Regular 8.51%, Seniors 9.11%

Tax Saver FD - Offers a 5-year lock-in period with an interest rate of 8.00% for regular investors and 8.60% for senior citizens, plus tax deductions under Section 80C.


NRO & NRE FD Rates - As of July 26, 2023, NRO FDs <2 crores have similar rates as regular deposits, starting from 3.00% for 7 days to 8.31% for 1000 days. NRE deposits up to 10 crores share these competitive rates with similar maturity options.


FD Schemes Introduction - Fincare Small Finance Bank’s FD schemes offer numerous benefits:

  • Smart FDs: Min ₹50,000, max ₹6 lakhs, plus 0.5% additional interest for seniors, with flexible payment options and automatic renewal.
  • Priority Plus FDs: Investments range from ₹2 crores to ₹30 crores, with predefined maturity periods.

Eligibility: Applicants range from resident individuals to NRIs, corporates, and various organizational bodies.


Required Documents - Essential documents include PAN, Aadhaar, photographs, and address proof for FD account opening.


Application Process - Fincare Small Finance Bank FD applications can be processed online or offline. Online involves visiting the bank's website, while offline requires branch visits for form submission.


Advantages - Enjoy benefits like flexible tenures, auto-renewals, insurance cover by DICGC, tax-saving options, and loans against FD, besides the ease of starting with a minimal deposit. Senior citizens benefit from higher interest rates and flexible payout selections to suit individual needs.


Conclusion - Fincare Small Finance Bank FDs offer an ideal blend of flexibility, safety, and competitive rates, ensuring your path to financial security is robust and yielding. It remains a strategic choice for those looking to leverage their investments with a trustworthy financial partner.

Available on both IOS and AndroidTry Pluto Money Today 👇
Author
Team Pluto
Have a question?
Digital GoldInvest in 24K Gold with Zero making ChargesLearn More
Digital SilverInvest in silver with Zero making ChargesLearn More
Pluto FixedEarn from 11% to 14% Returns annually in a fixed lock-in periodLearn More