This bank offers up to 7.25% saving account rates

Fincare Small Finance Bank (SFB) has revised interest rates on savings bank deposits and fixed deposit. As per the official website of the bank, the new rates are effective as of April 17, 2024. Following the modification, will bank offer the highest interest rates on savings accounts up to 7.25% and on fixed deposits the bank will offer highest interest rate of 8% for general citizens and 8.50% for senior citizens.

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Fincare Small Finance Bank savings account interest rates
Fincare Small Finance Bank (SFB) offers an interest rate of 4% on balances exceeding 1 lakh and up to 5 lakh, while the bank offers a rate of 3% on savings account balances up to 1 lakh. Fincare Small Finance Bank (SFB) is offering a 5% interest rate on savings account balances between 5 lakh to 10 lakh rupees. The bank offers a 7% interest rate on balances above Rs 10 lakh to less than Rs 1 crore and a 7.25% interest rate on above Rs 1 crore to 5 crore on savings account balances.

How interest is paid is calculated
If the total balance is Rs 5 crores, then the following grid will be applicable:
• For balances of Rs 1 to Rs 99,999 : 3.00%
• For incremental balances of Rs 1 Lac to Rs 9,99,999 : 5.00%
• For incremental balances of Rs 10 Lacs to Rs 24,99,999 : 7.00%
• For incremental balances of Rs 25 Lacs to Rs 99,99,999 : 7.00%
• For incremental balances of Rs 1 Crore to Rs 5 Crores : 7.25%

Latest FD interest rates
Fincare Small Finance Bank offers interest rate between 3.75% to 8% for general citizens, for senior citizens , the bank offers 4.25% to 8.25%.

For Domestic and NRE/NRO Retail Fixed Deposits (For amount less than INR 2 Crore)

Senior citizens FD rates