This bank offers up to 7.25% saving account interest rates, 8.5% FD rates; check details (2024)
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.
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.
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%
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)
Canara Bank offers its highest interest rate of 7.25% for tenures of 444 days. For shorter durations, its rates of interest are 6.85% for 1-year fixed deposits, 6.8% for 3-year FDs and 6.7% for 5-year fixed deposits.
As of May 2024, no banks are offering 7% interest rates on savings accounts. Two credit unions have high-interest checking accounts: Landmark Credit Union Premium Checking with 7.50% APY and OnPath Credit Union High Yield Checking with 7.00% APY.
This account is only available to first direct 1st Account customers. Find out more about our 1st Account. Our Regular Saver gives you a 7.00% AER/Gross p.a.
Which bank gives the highest interest rate on FD? As of 2024, Canara Bank offers the highest interest rate of 7.25% for 444 days. Q4. Can I withdraw from a Tax Saver Term Deposit early?
Among scheduled private sector banks, DCB Bank and RBL Bank offer the best FD interest rates of up to 8.00% p.a. Among scheduled public sector banks, Punjab National Bank, Union Bank of India, Bank of Baroda, Canara Bank, Bank of India, Indian Bank and Punjab & Sind offer interest rates of up to 7.25% p.a.
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