Fincare SFB boosts deposits with ultra-competitive rates on Fixed Deposits - up to 9.01 percent for senior citizens

India, 25th March 2023: Fincare Small Finance Bank (SFB) has announced an attractive interest rate of 9.01% for senior citizens and 8.41% for normal individuals on its Fixed Deposits (FDs). These rates are the best in the industry and are effective from 24th March 2023.

Fincare SFB understands the importance of financial planning for the elderly and introduced this special rate for senior citizens to help them earn more on their savings. The bank also aims to encourage more individuals to save and invest by offering a competitive interest rate of 8.41% for general citizens.

In addition to the high-interest rates, the FDs are available for flexible tenures ranging from 7 days to 10 years. Customers can choose from different options, such as regular, tax-saving, and cumulative deposit, to suit their individual needs.

Speaking on the announcement, Mr. Rajeev Yadav, MD & CEO of Fincare SFB, said, “We are delighted to offer the best interest rates to our customers. At Fincare SFB, we believe in providing cutting-edge banking solutions to all our customers, and this move is another step towards that objective. We hope that our customers will take advantage of these attractive rates and invest in Fincare FD for their financial well-being.”

Fincare SFB is committed to offering the best banking experience to its customers and is recognized as one of the top-performing small finance banks. The bank’s focus on customer-centricity, innovative products, and digital solutions has helped it build a strong reputation in the market.

Fincare Small Finance bank offers a wide range of products, including current and savings account, loan against gold, loan against property, in addition to competitive interest rates on fixed and recurring deposits. Transactions supported by the Unified Payment Interface (UPI) are another service provided by the Bank. The Bank plans to meet the financial needs of a wide range of clientele offering a ‘Smart’ banking experience.

As of 31st March 2022, the bank serves 32+ Lakh customers in 19 States/UT and has a workforce of 12,000+.