Fincare Small Finance Bank

Interest Rates

Savings Account Incremental Amount slab Rate of Interest applicable w.e.f 17th Apr’24
Balances less than INR 1 Lac 3.00%
Balances from INR 1 Lac to less than INR 5 Lacs 4.00%
Balances from INR 5 Lac to less than INR 10 Lacs 5.00%
Balances from INR 10 Lacs to less than INR 25 Lacs 7.00%
Balances from INR 25 Lacs to less than INR 1 Crore 7.00%
Balances from INR 1 Crore to less than INR 5 Crores 7.25%
Balances from INR 5 Crore to less than INR 10 Crores 7.00%
Terms and Condition
1. Savings Account interest will be calculated on a daily basis & paid at monthly intervals (i.e. at the end of each month).
2. Interest rates mentioned are applicable for the incremental balances that are present corresponding to the amount slab mentioned.
3. **For Savings Account Interest Rates on incremental balances of INR 10 Crores & above, please contact your Branch or Relationship Manager.
4. For example: If the total balance is INR 5 Crores, then the following grid will be applicable:
• For balances of INR 1 to INR 99,999 : 3.00%
• For incremental balances of INR 1 Lac to INR 9,99,999 : 5.00%
• For incremental balances of INR 10 Lacs to INR 24,99,999 : 7.00%
• For incremental balances of INR 25 Lacs to INR 99,99,999 : 7.00%
• For incremental balances of INR 1 Crore to INR 5 Crores : 7.25%
5. The above stated Savings Account interest rates are subject to change without prior notice.
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For Domestic and NRE/NRO Retail Fixed Deposits (For amount less than INR 2 Crore)
Tenure Bucket Rate of Interest applicable  w.e.f 17th Apr’24 General Public Interest Rates (Annualized)
7 Days to 1 Month 15 Days 3.75%
1 Month 16 Days to 3 Months 4.25%
3 Months 1 Day to 6 Months 4.75% 4.84%
6 Months 1 Day to 12 Months 6.50% 6.66%
12 Months 1 Day to 15 Months 7.75% 7.98%
15 Months 1 Day to less than 18 Months 7.50% 7.71%
18 Months 8.00% 8.24%
18 Months 1 Day to 24 Months 7.75% 7.98%
24 Months 1 Day to 36 Months 7.50% 7.71%
36 Months 1 Day to 45 Months 7.50% 7.71%
45 Months 1 Day to less than 60 Months 7.25% 7.45%
60 Months to 120 Months 7.25% 7.45%
Non-Callable rates for Retail Fixed Deposits of INR > 1 Crore to <2 Crore (Resident and Non-Resident)
Tenure Bucket Rate of Interest applicable  w.e.f 1st Apr’24 Senior Citizen
12 Months 1 Day to 15 Months 7.85% 8.08%
15 Months 1 Day to less than 18 Months 7.60% 7.82%
18 Months 8.10% 8.35%
18 Months 1 Day to 24 Months 7.85% 8.08%
24 Months 1 Day to 36 Months 7.60% 7.82%
For Senior Citizen (For amount less than INR 2 Crore)* 
Tenure Bucket Rate of Interest applicable  w.e.f 17th Apr’24 Interest Rates (Annualized)
7 Days to 1 Month 15 Days 4.25%
1 Month 16 Days to 3 Months 4.75%
3 Months 1 Day to 6 Months 5.25% 5.35%
6 Months 1 Day to 12 Months 7.00% 7.19%
12 Months 1 Day to 15 Months 8.25% 8.51%
15 Months 1 Day to less than 18 Months 8.00% 8.24%
18 Months 8.50% 8.77%
18 Months 1 Day to 24 Months 8.25% 8.51%
24 Months 1 Day to 36 Months 8.00% 8.24%
36 Months 1 Day to 45 Months 8.00% 8.24%
45 Months 1 Day to less than 60 Months 7.75% 7.98%
60 Months to 120 Months 7.75% 7.98%
For Domestic and NRE/NRO Retail Monthly Payout Fixed Deposits (For amount less than INR 2 Crore)
Tenure Bucket Rate of Interest applicable  w.e.f 17th Apr’24 for monthly payout p.a.(%) Senior Citizen Interest Rate of Interest applicable  w.e.f 17th Apr’24 for monthly payout p.a.(%)
7 Days to 1 Month 15 Days
1 Month 16 Days to 3 Months
3 Month 1 Day to 6 Months 4.73% 5.23%
6 Months 1 Day to 12 Months 6.47% 6.96%
12 Months 1 Day to less than 15 Months  7.70% 8.19%
15 Months 1 Day to less than 18 Months 7.45% 7.95%
18 Months 7.95% 8.44%
18 Months 1 Day to 24 Months 7.70%  8.19%
24 Months 1 Day to 36 Months 7.45% 7.95%
36 Months 1 Day to 45 Months 7.45% 7.95%
45 Months 1 Day to less than 60 Months 7.21% 7.70%
60 Months to 120 Months 7.21% 7.70%
Terms and Condition
  1. Retail Fixed Deposits are single Fixed Deposits booked for an amount less than INR 2 Crore.
  2. ** For NRE Fixed Deposit: tenures of 12 months 1 day & above are applicable.
  3. Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the Bank. The depositor shall ascertain the rates on the booking date of Fixed Deposit.
  4. Only Resident Indian Senior Citizens (of 60 years of age and above) are eligible for the Senior Citizen Interest rate specified. The special rates are applicable only for Resident deposits.
  5. The Bank computes interest based on the actual number of months & days in a year. In case, the deposit is spread over a leap and a non-leap year, the interest is calculated based on the number of days i.e. 366 days in a leap year & 365 days in a non-leap year. The period of Fixed Deposit is calculated in number of months & days.
  6. The interest rate applicable on premature closure of Fixed Deposits (all amounts) will be lower of: (i). the base rate for the original/contracted tenure for which the Fixed Deposit has been booked OR (ii). the base rate applicable for the tenure for which the Fixed Deposit has been in force with the Bank The base rate is the rate applicable to Retail Fixed Deposits as on the date of booking the deposit.
  7. In case of NRE deposit no interest will be paid if the NRE Deposit is liquidated before the completion of 1 year from the date of booking.
  8. The penalty on premature closure / withdrawal of Retail Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1%
  9. In case of Domestic Fixed Deposits: No interest will be paid if the deposit is withdrawn within 7 days of the date of booking the deposit
  10. Please read the Terms & Conditions for Fixed Deposits to know more
  11. Monthly Payout Fixed Deposits are available only for tenures above 3 months
  12. Monthly Payout Fixed Deposits are available for both individuals (Domestic, NRO, Senior Citizens) and non-individuals
  13. Monthly Payout Fixed Deposits are available at discounted rates as mentioned above
  14. For Interbank Deposit rates contact Fincare Small Finance Bank Branch
  15. Tax saver Fixed deposits can only be booked for a tenure of 60 months and interest rates as mentioned above for the tenure shall apply.
For Resident Individuals / NRO / NRE** Recurring DepositsRate of Interest applicable  w.e.f 17th Apr’24Senior Citizen ROI p.a.*
3 Months4.25%4.75%
4 Months to 6 Months4.75%5.25%
7 Months to 12 Months6.50%7.00%
13 Months to 15 months7.75%8.25%
16 Months to 17 months7.50%8.00%
18 months8.00%8.50%
19 Months to 24 Months7.75%8.25%
25 Months to 36 Months7.50%8.00%
37 Months to 45 Months7.50%8.00%
46 Months to 59 Months7.25%7.75%
60 Months to 120 Months7.25%7.75%

*Only domestic Senior Citizen customers of Fincare Small Finance Bank are eligible for the mentioned rates

**For NRE Recurring Deposit tenures of 12 months & above are applicable

Terms and Conditions
  1. Interest rates are subject to periodic changes. The applicable interest rates will be offered based on the date and time of receipt of the funds by the Bank. The depositor shall ascertain the rates on the booking date of Recurring Deposit.
  2. For Recurring Deposits, the interest rate applicable on premature closure of deposits will be the base rate applicable for the tenure for which the deposit has been in force with the Bank. The base rate is the rate applicable to Retail Fixed Deposits as on the date of booking the deposit.
  3. For Recurring Deposits, the interest on Deposits is compounded at quarterly intervals, at the applicable rates. The interest will be calculated from the date the instalment is paid.
  4. The Recurring Deposit shall mature on completion of the contracted tenure even if there are installments remaining to be paid.
  5. If frequent defaults (non-payments) are observed in monthly instalments, and three instalments fall in debts, the Bank reserves the right to close the RD account. The interest rate applicable on such closed accounts will be as per the premature withdrawal policy of the Bank.
  6. The interest charge on premature closure of Recurring Deposits has been fixed by the Bank at the rate of 1%.
  7. In the event of insufficient funds to collect the RD instalment on the scheduled date, bank may attempt to collect the instalment from the linked account over next 5 days.
  8. For Recurring Deposits, in case of premature closure within a month, no interest shall be paid out to the customer & only the principal amount shall be returned. No premature withdrawal penalty shall be charged if the closure happens within a month.
Segment Effective Rate Of Interest* (p.a.) linked to External Benchmark Rate**
Salaried 9.99% onwards
Self Employed 10.99% onwards
*Fixed for 37 months and floating thereafter
** Floating rates are linked to 10-year Government of India Securities Yield (G-Sec) external benchmark rate. G Sec benchmark rate is arrived based on 3 months’ average yield of 10-year Government of India bond curve
Rates offered to customer during the period Oct’2023 to Dec’2023
Type of Interest Rate
Min. Rate of Interest 9.99%
Max. Rate of Interest 16.99%
Mean Interest Rate 14.72%
Annual Percentage Rate (APR) 14.90%

Rates offered to the customers during the period October 2023 to December 2023

Interest RatesRange
Min. Rate of Interest12.99%
Max. Rate of Interest23.00%
Mean Interest Rate17.10%
Annual Percentage Rate (APR)18.66%
Rates offered to customer during October 2023 to December 2023.
Interest Rates Range
Min. Rate of Interest 25.25%
Max. Rate of Interest 26.00%
Mean Interest Rate 25.40%
Annual Percentage Rate (APR) 26.98%
Loan Amount EFFECTIVE RATE OF INTEREST* (P.A.) LINKED TO EXTERNAL BENCHMARK RATE**
1.5 Lakhs – 50 Lakhs 13.5% Onwards
Rates offered to customer during the period Oct’2023 to Dec’2023
Interest Rates Range
Min. Rate of Interest 13.50%
Max. Rate of Interest 24.00%
Mean Interest Rate 19.32%
Annual Percentage Rate (APR) 19.52%
Note: *Fixed for 37 months and floating thereafter.
**The external benchmark will be 10 Year Government of India Securities Yield arrived based on 3 months daily average.
Over Draft Against Property
Rates offered to customer during the period Oct’2023 to Dec’2023
Interest Rates Range
Min. Rate of Interest 13.25%
Max. Rate of Interest 21.50%
Mean Interest Rate 16.01%
Annual Percentage Rate (APR) 17.25%
Loan Amount Effective ROI%* (P.A.) linked to External Benchmark rate**
1 Crore – 15 Crores 11% onwards
Rates offered to customer during the period Sep’23 to Dec’23
Interest Rates Effective ROI%* (P.A.) linked to External Benchmark rate**
Minimum Rate of Interest 12.90%
Maximum Rate of Interest 13.25%
Mean Rate of Interest 13.08%
Annual Percentage Rate (APR) 13.22%
* Floating – for up to 36 months loan tenor. Fixed – for greater than 36 months loan tenor. * Floating rate loans are linked to 10-year Government of India Securities’ Yield (G-sec) external benchmark. This G-Sec benchmark rate is arrived based on 3 months’ daily average yield of the 10-year Government of India bond curve.
Interest Rates ROI
Minimum Interest Rate 11% p.a.
Maximum Interest Rate 20% p.a.
Credit Period 30 – 120 days

Rates offered to customer during the period Oct’2023 to Dec’2023

Interest RatesRange
Min. Rate of Interest18%
Max. Rate of Interest18%
Mean Interest Rate18%
Annual Percentage Rate (APR)19.85%