ESAF Small Finance Bank FD Interest Rates

ESAF Small Finance Bank Fixed Deposit Rates 2025

Fixed Deposit Interest Rates for Domestic Deposits Less Than ₹2 Cr. w.e.f. 1 January 2024

NRE Fixed Deposit Interest Rates for Deposits Less Than ₹2Cr. w.e.f. 1 January 2024

NRO Fixed Deposit Interest Rates for Deposits Less Than ₹2Cr. w.e.f. 1 January 2024

What are the Features of ESAF Small Finance Bank Fixed Deposit Rates?

1. Interest Rates:

   • Applicable for new and renewed deposits.

   • Same FD interest rates for Senior Citizens.

   TDS on interest as per Income Tax rules.

2. Tenor and Closure:

   • Minimum tenor: 7 days.

   • No interest before 7 days.

   • Penalty for premature closure.

3. Interest Rate Calculation:

   • Original tenor rate.

   • Rate at deposit opening, subject to penalty.

4. NRO Recurring Deposits:

   Similar rates apply.

5. Revisions:

   Rates are subject to periodic changes.

   People Also Read: Which Bank has highest interest rates in FD

What are the Different Types of FD Schemes Available in ESAF Small Finance Bank?

ESAF Small Finance Bank offers a variety of Fixed Deposit (FD) schemes to cater to the diverse needs of depositors. Here are the different types of FD schemes available:

1. Regular Fixed Deposit:

   • Minimum Deposit Amount: Rs 1,000

   • Tenure: 7 days to 10 years

   • Loan against deposits/overdraft facility available

   • Auto-renewal and nomination facilities are provided

   • Quarterly or monthly payout options

   • Monthly interest pay-out option available at a discounted rate

   • Additional 0.50% interest for senior citizen FD depositors

2. Hrudaya Deposit:

   • Minimum Deposit Amount: Rs.1 lakh

   • Tenure: 1 year and above

   • Opportunity to engage with the lowest strata of society

   • Option to serve the unbanked and under-banked segments

   • Depositors can choose the group of borrowers, geography, and purpose

   • Available for both resident and non-resident Indian individuals

   • Premature withdrawal facility is available

3. Premature Withdrawal of Fixed Deposits:

   • No interest for withdrawals before 7 days from the deposit date

   • Interest paid after deducting the penal rate from the applicable rate

   • The applicable rate is the lower of the original tenor rate or the rate at the time of withdrawal

What is the Eligibility Criteria to Open an Account in ESAF Small Finance Bank Fixed Deposit?

Any individual, whether a new or existing customer of ESAF Small Finance Bank, can open a fixed deposit account. This inclusive approach ensures that both new and loyal customers can benefit from their FD offerings.

What are the Documents Required to Open an Account in ESAF Small Finance Bank Fixed Deposit?

To initiate the process, you need to submit one of the following documents:

• PAN card

• Passport

• Birth certificate

• Voters ID

• School leaving certificate

• LIC policy

• Pension payment order

• ID card issued by Government authority/PSU/Defence

• Senior citizens card issued by Indian Railways or Indian Airlines

How To Apply for ESAF Small Finance Bank Fixed Deposit?

Whether you prefer the convenience of online applications or a personal visit, ESAF Small Finance Bank makes it easy. You can apply for an FD account by either submitting your application online or by visiting the nearest branch of the bank.

ESAF Small Finance Bank Fixed Deposit Interest Rate Calculator

ESAF Small Finance Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in the quick calculation of the maturity amount and the interest earned receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. 

You can use the ESAF Small Finance Bank FD Calculator available on Policybazaar.com to check the returns on your FD investment.