SB Account: This bank gives Rs 7.50% interest for SB account
If the money in your bank account is not invested in anything that means the money in your SB account (Savings Bank Account) gets annual interest of approx Rs 4 percent. Larger commercial banks offer even lower interest rates. SB Account: This bank gives Rs 7.50% interest for SB account.
There are many small financial banks and cooperative banks that offer interest up to Rs 7 for up to Rs 5 lakh. Fincare Small Finance Bank (Fincare Small Finance Bank) is one of those banks that give high interest to SB accounts. This is the organization that gives the highest interest for SB account in the banking sector.
For some amount of savings bank account it gives 7.50% interest. Fincare Bank offers higher interest on its SB account than major banks offer on fixed deposits. Fincare Small Finance Bank has revised the interest rates for its SB account deposits. These rates are applicable from August 1.
This bank pays Rs 7.25% interest for above Rs 5 lakh. Even if there is a balance of Rs 2 to 5 lakh you will get Rs 7.11% interest. The bank believes that this will help customers to save more money.
Interest Rates on Fincare Small Finance Bank SB Account Balance:
Rs 1 lakh: Rs. 3.51 Interest
Rs 1 lakh to Rs 2 lakh: Rs. 5.11 Interest
Rs 2 to Rs 5 lakhs: Rs. 7.11 Interest
Rs 5 to Rs 50 lakhs: Rs. 7.25 interest
Rs 50 lakh to Rs 2 crore: Rs. 7.50 interest
Rs 2 to Rs 15 crores: Rs. 7 interest
Rs 10 to Rs 15 crores: Rs. 6.50 interest
Rs 15 to Rs 20 crores: Rs. 5 interest
Rs 20 to Rs 25 crores: Rs. 4 interest
Rs 25 to Rs 30 crores: Rs. 3.25 Interest
Amount above Rs 30 crores: Rs 3 Interest.
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