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Fincare Small Finance Bank

Fincare Bank

Last Updated 17th Jul 2020

6th August 2020 – RBI keeps Repo Rate unchanged at 4%

Product Interest Rate
Fixed Deposit 3.50% to 8.00%
Recurring Deposit 6.50% to 9.50%
Savings Account 3.50% to 7.00%
MCLR 14.80% to 15.30%
  • Fincare Small Finance Bank offers services like loans, deposits and savings account.
  • Earn high returns on deposits with Fincare Small Finance Bank.

Fincare Bank

Fincare Small Finance Bank was set as a small finance bank as per the regulations made in the Union Budget of 2014-2015. In adherence to how a Small Finance Bank should function, Fincare Small Finance Bank is regulated by the Reserve Bank of India under the Banking regulations Act of 1949. The Bank was set to fulfil the needs of the population that has been unbanked and untouched by the commercial banking sector. The functionalities of the Small Finance Banks have been exclusively designed to fulfil the financial needs of the underprivileged masses, by providing basic activities like deposits and lending. Fincare Small Finance Bank provides various banking services to its customers like deposits, locker facilities, Insurance facilities, loans, and Internet Banking, among others.

About Fincare Small Finance Bank

The current CEO of Fincare Small Finance Bank is Mr. Rajeev Yadav. Further, the registered address of the Fincare Bank is Fincare Small Finance Bank Ltd. 301-306, FLOOR-III, Abhijeet-V, Opp Mayor Bunglow, Law Garden Road, Mithakhali, Ahmedabad-380006. In case of grievances, customers can contact the Bank’s compliance officer, Mr. Raghavendra Rao by mailing him at or by calling on 1800 313 313. In addition to that, to raise any further queries, the compliance officer can be reached out at Fincare Small Finance Bank 5th Floor, Bren Mercury Kaikondanahalli, Sarjapur Main Road Bengaluru-560035

Fincare Small Finance Bank Loan

Fincare Bank offers both secured and unsecured loans to its customers, like Home loans, personal loans, car loans, and business loans at affordable interest rates. Fincare Small Finance Bank is accustomed to lend more than 75% of its Adjusted Net Credit for the priority sector. This includes lending funds to poor people for housing, lending to farmers for agriculture and allied activities, lending to micro and small industries, and lending to weaker sections of the society.

Loan products Feature
Personal Loan Unsecured loan offered on the basis of credit score to meet one’s personal expense.
Car Loan Secured loan offered for the purchase of a car, where the car acts as collateral.
Home Loan Secured loan offered for the purchase, renovation or construction of a house.
Gold Loan A secured loan where the borrower can mortgage their gold to borrow funds against it.
Business loan Loans offered to business units for undertaking business activities like purchase of plant and machinery, purchase of equipment, to undertake construction or to meet day to day expenses.

Compare Rates of Small Finance Banks

Fincare Bank Netbanking Registration and log in

To add more to the convenience of the customers, Fincare Small Finance Bank offers net banking facility to the customers. The bank’s digital banking platform is hassle-free and easy to use. All customers with savings or current accounts can have access to Fincare Small Finance Bank net banking or mobile banking platform. One can register for Fincare Small Finance Bank net banking by following the below-mentioned steps:

  • Go to the homepage of Fincare Small Finance Bank net banking or visit the web portal of Fincare Small Finance Bank.
  • On the home page, look out for the option ‘New user registration’ or a similar option.
  • Proceed further, and enter details like bank account number, branch details, registered mobile number, and click on ‘Submit.’
  • As you click on ‘submit’ a one time password is sent to the registered mobile number. Enter the OTP and click on ‘confirm.’
  • Clicking on ‘confirm’ will create your temporary login details with a temporary username. Users can create their password.
  • After creating the password login and creating your permanent username, and accept all terms and conditions.

Why Fincare Small Finance Bank?

The Fincare Small Finance Bank is a go-to-option when it comes to choosing the right bank for your banking needs because of the following reasons:

  • Fincare Small Finance Bank is a retail-focused and customer-centric bank.
  • Fincare Small Finance Bank offers a variety of loan products to fulfil the credit needs of different loan borrowers. These are a personal loan, car loan, home loan, gold loan, or business loan. The loans with Fincare Bank are offered with easier terms and conditions along with affordable interest rates.
  • Fincare Small Finance Bank offers different type of investment options that are tailor-made for different types of investors. The Bank offers various Fixed deposits products such as Smart Fixed Deposit, Priority FD, Fincare Small Finance Bank Tax Savers Fixed Deposits. Apart from fixed deposits, the Bank also offers a recurring deposit facility.
  • In addition, Fincare Small Finance Bank is a reliable and secure place to deal with when it comes to funding, as the bank is regulated directly by the RBI.
  • Lastly, Fincare Bank offers easy and quick banking services, through its online banking portal; thus, customers can check their account balance, apply for a loan, can make a deposit, and can perform other banking functions, from the comfort of their home.

FAQs

Is Fincare Small Finance Bank safe?

Similar to commercial banks, Fincare Small Finance Bank is safe and secure as it is regularized by RBI.

Can Fincare Small Finance Bank accept deposits?

Fincare Small Finance Bank is a small finance bank that was set to provide banking activities to the underprivileged people. This bank conduct basic banking activities like deposits and lending.

Is Fincare Small Finance Bank approved by RBI?

Fincare Small Finance Bank is approved by RBI under the Banking regulations Act of 1949. 

Is Fincare Small Finance Bank FD a safe option to invest?

Fincare Small Finance Bank provides fixed deposits investment facility to its customers. The Bank provides highest interest of 8.00% to its customers. The interest rate provided by Fincare Small Finance Bank is comparatively higher than any commercial bank. Also, the FDs are equally safe in this bank.

Can I take a loan from Fincare Small Finance Bank?

Yes, you can opt for a loan from Fincare Small Finance Bank. Fincare Bank provides loan products loans like home loan, personal loans and business loans, among others.


Fincare Bank News - Aug 2020
  • 2020-06-16 : Fincare Small Finance Bank changed its MCLR
    With effect from 15 June 2020, Fincare Small Finance Bank revised its MCLR. The overnight and one-month MCLR is 14.5o%. The marginal cost of lending rate for three months and six months is 14.60% and 14.80%, respectively. Further, the MCLR for one year and two years stands at 14.90% and 15.00%.
  • 2020-04-15 : New MCLR for Fincare Small Finance Bank
    With effect from 15 April 2020, Fincare Small Finance Bank revised its MCLR. The overnight and one-month MCLR is 14.55% and 14.60%, respectively. The lending rate for three months and six months is 14.70% and 14.85%, respectively. Further, the MCLR for one year and two years stands at 14.95% and 15.05%.
  • 2020-03-16 : New lending rates for Fincare Small Finance Bank
    Fincare Small Finance Bank revised its MCLR rates. The overnight and one-month MCLR is 14.60% and 14.70%. The lending rate for three months and six months is 14.80% and 14.90%. Further, the MCLR for one year and two years stands at 15% and 15.10%. The revised rates have been in effect from 15 March 2020.
  • 2020-02-04 : Fincare Small Finance Bank revised its FD rates
    The FD rate for 7 to 90 days is 4%, for 91 to 180 days it is 4.25% and 181 to 270 days it is 5.90%. Fixed deposit rates for 271 to 330 days is 6.30% and 361 days to 13 months it is 6.70%. Further, Fd rates for long tenors of 13 months and 1 day to 15 months is 6.75%, for 15 months and 1 day to 18 months it is 6.95% and 18 months and 1 day to 36 months it is 7.05%. The revised rates are in effect from 3 February.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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