Fincare Bank Saving Account

Last Updated 16th Mar 2020

Fincare Small Finance Bank Savings Account Interest Rate India Mar 2020

Fincare Small Finance Bank Smart Saver Account
Interest Rate Upto Rs. 1 Lakh : 6.00%
Rs. 1 Lakh to Rs.5 Cr : 7.00%
Rs. 5 Cr to Rs.15 Cr : 7.25%
Rs. 15 Cr to Rs.20 Cr : 7.50%
Rs. 20 Cr to Rs.30 Cr : 7.00%
Rs. 30 Cr to Rs.50 Cr : 6.50%
Above Rs. 50 Cr : 4.50%
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Debit Card Silver (RuPay classic ) Debit card
  • Minimum average monthly balance should be Rs. 10,000
  • Nomination facility available

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Fincare Bank Online Saving Account

Fincare Small Finance Bank was Disha Microfin Limited earlier and then converted into a small finance bank in June 2017. It was set up with the primary aim of financial inclusion and providing banking facilities to the middle and poor sections of the society. The small finance bank is known for its varied retail loans like home and personal loans, short term business loans, fixed deposits, recurring deposits, savings accounts, and other such important products.

Saving Account in Fincare Bank – Benefits

You get the following benefits while opening Savings Account with Fincare Bank

Nomination facility Yes
Passbook facility Yes
Chequebook facility Yes
Issuance of Debit Card Yes
Internet Banking Yes
Mobile Banking Yes
Fund Transfer Yes
DD Pay Orders Yes

Fincare Bank Saving Account – charges


ATM Charges: The first 8 transactions (inclusive of financial and non-financial) in metro locations in a month will be without any charge. Similarly, the first 5 transactions (inclusive of financial and non-financial)in all other locations in a month will be free of c

Fincare Bank Savings Account

Fincare Small Finance Bank offers an interest rate of 4.50% - 7.50% p.a. Fincare Small Finance Bank also offer accounts to meet the specific requirements of salaried, women, kids and senior citizens.

Product Name Minimum Age Minimum Balance Required
Smart Saver Account 18 Years N.A
Priority Account 18 Years N.A
Priority Plus Account 18 Years N.A
Pro Priority Account 18 Years N.A
101 first 18 Years N.A
101 Priority 18 Years N.A
BSBDA 18 Years N.A

Fincare Bank Savings Account Products

Smart Saver Account

Smart Saver savings account provides a moderate interest rate, ideal security, higher cash deposit limit and excellent banking experience.

Residents above 18 years of age

Features of Smart Saver Account

  • Minimum average monthly balance should be Rs. 10,000
  • Nomination facility available

Debit Card Offered : Silver (RuPay classic ) Debit card

Priority Account

Priority Saving account is for the high net worth individuals. It provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking experience.

Residents above 18 years of age

Features of Priority Account

  • Minimum average monthly balance should be Rs. 10,000
  • Nomination facility available

Priority Plus Account

Priority plus Saving account is for the high net worth individuals. It provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking It has a high minimum average balance requirement.

Residents above 18 years of age

Features of Priority Plus Account

  • Minimum average monthly balance should be Rs. 1,00,000
  • Nomination facility available

Debit Card Offered : Premium (RuPay Platinum) Debit card

Pro Priority Account

Pro Priority plus Saving account is for the high net worth individuals. It provides a moderate interest rate, ideal security, a higher cash deposit limit, and great banking experience.

Residents above 18 years of age

Features of Pro Priority Account

  • Monthly payout options available
  • Nomination facility available

101 first

Fincare 101 First Savings Account can be opened digitally; it provides a modest interest rate, its reliability and safety make it an excellent option for parking money one wants for short-term needs.

Residents above 18 years of age

Features of 101 first

  • No minimum balance required
  • Nomination facility available

Debit Card Offered : Gold (RuPay Classic ) Debit card

Balance Non Maintenance Charges : No charges

101 Priority

Fincare 101 priority Savings Account can be opened digitally; it is mainly for high worth net individuals. It provides a modest interest rate; its reliability and safety make it an excellent option for parking money one wants for short-term needs. It has a higher minimum average balance requirement.

Residents above 18 years of age

Features of 101 Priority

  • Minimum average monthly balance should be Rs. 25,000
  • Nomination facility available

Debit Card Offered : Premium (RuPay Platinum) Debit card

Balance Non Maintenance Charges : Rs. 300 pro-rata of shortfall

BSBDA

BSBDA or Basic Savings Bank Deposit Account of Fincare small finance requires no minimum amount and provides hassle-free banking experience. It is aiming at financial inclusion.

Residents above 18 years of age

Features of BSBDA

  • No average minimum monthly balance
  • Nomination facility available

Debit Card Offered : Silver (RuPay classic ) Debit card

Documents Required

Fincare Small Finance Bank requires the following documents to open a Savings Account

  • KYC documents and photograph

Frequently Asked Questions on Fincare Small Finance Bank Savings Account

How much interest is charged by Fincare Bank on Savings Account?

Fincare Bank offers an interest rate of 4.50% to 7.50% on Savings Account.

What are the Fincare Small Finance Bank ATM Transaction charges on Savings Account?

Fincare Bank ATM Transaction charges on Savings Account are The first 8 transactions (inclusive of financial and non-financial) in metro locations in a month will be without any charge. Similarly, the first 5 transactions (inclusive of financial and non-financial)in all other locations in a month will be free of c.

How does Fincare Bank calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by Fincare Small Finance Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

Does Fincare Small Finance Bank offer Debit card to the account holder?

Yes, various debit cards are offered, differing according to the product. Some of the popular savings account products of Fincare Small Finance Bank with the type of debit card offered are listed in the table below.

Smart Saver Account Silver (RuPay classic ) Debit card
Priority Plus AccountPremium (RuPay Platinum) Debit card
101 firstGold (RuPay Classic ) Debit card
101 PriorityPremium (RuPay Platinum) Debit card
BSBDASilver (RuPay classic ) Debit card

Interest rate on all Fincare Small Finance Bank deposits products listed in the table above is 4.50% to 7.50%

What is the eligibility criteria to open a savings account in Fincare Small Finance Bank
  • Residents above 18 years of age
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