The repo rate was again raised by the Reserve Bank of India (RBI) by 25 basis points on February 8. Along with many large commercial and public banks, small finance banks have raised their fixed deposit (FD) rates in response to the hike in the repo rate. The interest rates on FDs under Rs 2 crore have risen in this order by Fincare Small Finance Bank.
Receives the highest rate of 8.71%
Following the increase in interest rates, Fin Care Small Finance Bank is now offering its regular customers on FDs of 750 days 8.11% percent.
This tiny financing bank also offers 8.71% interest for the same time period to its senior citizen clients. The raised new interest rates will be effective starting on February 13th, according to information obtained from the Fin Care Small Finance Bank's official website.
Small Finance Bank's new FD rates have increased.
After this increase in the interest rate, this small finance bank is giving its customers 3% on FDs of 7 days to 45 days, 3.50% on FDs of 46 days to 90 days, 91 days to 180 days 4.50% on FD, 5.50% on FD of 181 days to 364 days, 7.25% on FD of 12 months to 15 months and 7.30% on FD of 15 months 1 day to 499 days. The same will give interest of 7.50% to its customers on FD of 500 days, 7.30% on FD of 501 days to 18 months and 7.30% on FD of 18 months to 24 months.
Here you will get 8.11% interest, on the other hand, this small finance bank offers its customers 7.50% on FDs of 24 months to 749 days, maximum 8.11% on FDs of 750 days, 7.50% on FDs of 751 days to 999 days and 1000 days. But will give interest of 8%.Apart from this, the bank offers 7% on FDs of 1001 days to 48 months, 6.75% on FDs of 48 months 1 day to 59 months, 7% on FDs of 59 months 1 day to 66 months and 66 months 1 day to 84 months. Will give interest of 6%.
)
