ESAF Small Finance Bank offers FD interest rates of 4.00-8.25% p.a. to the general public and 4.50-8.75% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The bank also offers various fixed deposit products for NRIs, such as NRO and NRE fixed deposits. ESAF Small Finance Bank has been recognised as a scheduled bank by the RBI, which makes its depositors eligible for deposit insurance provided by the Depositor Insurance and Credit Guarantee Corporation (DICGC). The deposit insurance cover from DICGC, an RBI subsidiary, insures cumulative deposits up to Rs 5 lakh made by each depositor, including his fixed deposits, savings, current, and recurring deposits, in each scheduled bank in case of the failure or merger/amalgamation of a scheduled bank.
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FD Starts from Rs 2000
Card Limit = 90% of FD
*Rates are subject to change as per the bank's discretion.
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ESAF Small Finance Bank FD Interest Rates (p.a.) Highlights 2024 |
|
| Highest slab rate | 8.25% (for 2 years to less than 3 years) |
| For 1 year | 6.00% |
| For 2 years | 8.25% |
| For 3 years | 6.75% |
| For 4 years | 6.75% |
| For 5 years | 6.25% |
The interest rates are updated as of 2 December 2024
Card limit is 90% of FD Amount
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7%INTEREST ON FD
| Period | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 days to 14 days | 4.00 | 4.50 |
| 15 days to 59 days | 4.50 | 5.00 |
| 60 days to 90 days | 5.00 | 5.50 |
| 91 days to 182 days | 5.25 | 5.75 |
| 183 days to 1 year | 6.00 | 6.50 |
| 1 year 1 day to less than 2 years | 7.75 | 8.25 |
| 2 years to less than 3 years | 8.25 | 8.75 |
| 3 years to less than 5 years | 6.75 | 7.25 |
| 5 years to 10 years | 6.25 | 6.75 |
FDs of up to ₹5 lakhs insured by RBI
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| Period |
Interest Rates (% p.a.) |
| 7 days to 14 days | 4.00 |
| 15 days to 59 days | 4.50 |
| 60 days to 90 days | 5.00 |
| 91 days to 182 days | 5.25 |
| 183 days to 1 year | 6.00 |
| 1 year 1 day to less than 2 years | 7.75 |
| 2 years to less than 3 years | 8.25 |
| 3 years to less than 5 years | 6.75 |
| 5 years to 10 years | 6.25 |
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| Period |
Interest Rates (% p.a.) |
| 1 year | 6.00 |
| 1 year 1 day to less than 2 years | 7.75 |
| 2 years to less than 3 years | 8.25 |
| 3 years to less than 5 years | 6.75 |
| 5 years to 10 years | 6.25 |
| Period | USD (% p.a.) |
| 365 days to 394 days | 6.00 |
| 395 days | 6.20 |
| 396 days to 729 days | 5.40 |
| 730 days to 1094 days | 5.00 |
| 1095 days to 1460 days | 4.80 |
| 1461 days to 1825 days | 4.60 |
| 1826 days only | 4.50 |
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Before investing in a fixed deposit with ESAF Small Finance Bank, customers must check the maturity amount using the ESAF FD calculator online at Paisabazaar.com. Furnish simple details including the principal amount (deposit amount), FD tenure, and the applicable bank FD rates.
Currently, the ESAF Small Finance Bank is offering its highest fixed deposit rate of 8.25% for a tenure of 2 years to less than 3 years.
Q. How much extra interest can a senior citizen earn?
ESAF Small Finance Bank allows 0.50% extra interest rates to senior citizens (60 years or above).
Q. What if I don’t have a PAN card?
Customers who do not have a PAN card or have lost it can submit Form 60/61, properly filled and duly signed, to apply for ESAF Bank fixed deposit scheme.
Q. Does the ESAF Bank give fixed deposit options to NRIs?
Yes. The bank offers its NRI customers to apply for FD. Call at +91 4877 – 123 622, 123 623 or write to nrihelpdesk@esafbank.com for details.
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