FD Rates: Fincare Small Finance Bank (SFB) has increased the interest rates on FDs. The bank has increased the interest on fixed deposits above Rs 2 crore. The bank is now offering interest on FDs maturing in 7 days to 10 years. 11,000 employees are working with the bank and the bank has 32 lakh customers
FD Rates: Fincare Small Finance Bank (SFB) has increased the interest rates on FDs. The bank has increased the interest on fixed deposits above Rs 2 crore. The bank is now offering interest on FDs maturing in 7 days to 10 years. There are 11,000 employees working with the bank and there are 32 lakh customers of the bank.
The bank has branches and offices in 17 states and union territories. Now after the increase in FD, the general public is getting a maximum interest of 8.11 per cent and senior citizens are getting 8.71 per cent interest on FD of 750 days. These new rates have come into effect from today, February 13.
SFB is giving this much interest on FD
SFB Bank is offering 3.00% interest on FDs maturing in 7 to 45 days. Apart from this, the bank is offering 3.50% interest on deposits maturing in 46 to 90 days, 4.50% interest on FDs maturing in 91 to 180 days. Fincare Small Finance Bank is offering 5.50% interest bank on FDs maturing in 181 to 364 days. Offering 7.25 per cent interest on FDs of 12 to 15 months and 7.30 per cent interest on FDs of 15 months 1 day to 499 days.
Getting maximum interest here
The bank has increased the interest on 500 days FD. Now it is giving an interest of 7.50 per cent. 7.30 percent interest is being received on FDs of 18 to 24 months. 7.50% interest is being received on FDs maturing in 24 months 749 days. 8.11% interest is being received on FDs maturing in 750 days. Senior citizens are getting an extra interest of 0.50 per cent. These new rates will be given on new FDs and renewable FDs.
Interest on FD increased after RBI increased repo rate
This comes after the RBI increased its key rates repo rate by 25 basis points to 6.50%. After increasing the rate of RBI, most of the banks are increasing the interest on FD.
