Interest Rate
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Savings Account
Savings Account Slab - w.e.f 23/May/2019 Rate of Interest
Up to and including ₹ 1 Lakh 6% pa
Above ₹ 1 Lakh and up to including ₹ 5 crs 7% pa
Above ₹ 5 crs and up to including ₹ 20 crs 7.25% pa
Above ₹ 20 crs 7.50% pa
Marginal Cost of Funds based Lending Rates (MCLR)

The Marginal Cost of Funds based Lending Rate (MCLR) with effect from May 15, 2019 for various tenures are mentioned below:

Tenure MCLR Rates
Overnight 14.80%
1 Month 14.85%
3 Months 15.00%
6 Months 15.15%
1 Year 15.30%
2 Years 15.35%

External benchmark rates effective from 1st May 2019 is as under

Benchmark Rate
External Benchmark Rate * 7.54%
External Benchmark Rate # 6.47%

* Arrived based on 3 months’ average yield of 10 year Government of India bond.

# Arrived based on 3 months’ average yield of 12 months Treasury Bill

Fixed Deposit (INR less than 2 crores)
Tenure General Public Senior Citizens**
7 days to 45 days 4.00% 4.50%
46 days to 90 days 4.00% 4.50%
91 days to 180 days 6.00% 6.50%
181 days to 364 days 7.00% 7.50%
12 months to 15 months 8.00% 8.50%
15 months 1 day to 18 months 8.25% 8.75%
18 months 1 day to 21 months 8.50% 9.00%
21 months 1 day to 24 months 8.75% 9.25%
24 months 1 day to 36 months 9.00% 9.50%
3 years 1 day to 5 years 8.00% 8.50%
5 years 1 day to 7 years 7.00% 7.50%
** A senior citizen is defined as a person above the age of 60 years. In case of Joint account holders where one of the account holder is a Senior Citizen, kindly note that Senior Citizen Term Deposit Interest Rate will only be applicable provided the Senior Citizen is the ‘First holder’ on the said term deposit.
Note:
1. Acceptance of deposits of ₹2 Crores and above is at the discretion of the Bank.
The above rates are subject to revision from time to time.
Recurring Deposit (less than ₹2 Crores)
Tenure General Public
Up to 180 days 6.00%
181 days – 364 days 7.00%
12 months to 15 months 8.00%
15 months 1 day to 18 months 8.25%
18 months 1 day to 21 months 8.50%
21 months 1 day to 24 months 8.75%
24 months 1 day to 36 months 9.00%
3 years 1 day to 5 years 8.00%
NRE Fixed Deposit
NRE Card Rates Tenure w.e.f 22nd Nov 2018 Interest Rate
12 months to 15 months 8.00%
15 months 1 day to 18 months 8.25%
18 months 1 day to 21 months 8.50%
21 months 1 day to 24 months 8.75%
24 months 1 day to 36 months 9.00%
3 years 1 day to 5 years 8.00%
Terms and Conditions
1. Interest rates are subject to change from time to time.
2. No preferential interest rates for senior citizen.
3. The minimum tenor for earning the interest on NRE Fixed Deposit is 1 year. No interest will be paid if the NRE Deposit is prematurely withdrawn before 1 year.
Affordable Housing Loan
Interest Rates Rate of Interest (p.a) Linked to External Benchmark Rate
Any Home Loan Variant 12.75% - 16.50%
Top-Up Loans 18%

Market Linked Benchmark (MLB): External Benchmark Rate is arrived based on FBIL 12 Month T-Bill Rate. FBIL is an external rate benchmark published by Financial Benchmark India Private Ltd. Rate is published at www.fincarebank.com

Loan Against Gold
Interest Rates Range
Min. Rate of Interest 12.49%
Max. Rate of Interest 22.99%
Mean Interest Rate 17.74%
Annual Percentage Rate (APR) 18.74%
Micro Loans
Interest Rates Range
Min. Rate of Interest 22.00%
Max. Rate of Interest 25.35%
Mean Interest Rate 24.70%
Annual Percentage Rate (APR) 25.20%
Loan Against Property

Rates offered to customer during the period Oct’18 to Dec'18

Interest Rates Range
Min. Rate of Interest 14%
Max. Rate of Interest 24%
Mean Interest Rate 22.3%
Annual Percentage Rate (APR) 22.46%
Overdraft Against Property

Rates offered to customer during the period Oct’18 to Dec'18

Interest Rates Range
Min. Rate of Interest 15.1%
Max. Rate of Interest 19.5%
Mean Interest Rate 17.14%