ESAF Small Finance Bank FD Rates

Top Guaranteed Return Plans

Fixed return plans are guaranteed returns as well as life insurance. They are suitable for risk-averse investors and guarantee stable growth that is not dependent on market instability.

What is an ESAF Small Finance Fixed Deposit?

An ESAF Small Finance Bank Fixed Deposit (FD) is a secure investment option that offers competitive FD interest rates on a lump-sum deposit for a fixed period. The bank offers an additional 0.50% interest rate for senior citizens. It also offers tax-saving FDs with a mandatory lock-in of 5 years and tax benefits under Section 80C. Premature withdrawal is allowed with a 1% penalty. With multiple features, including nomination, auto-renewal, and flexible interest payout options, it caters to a wide range of financial needs.

Comparing FDs with Other Options 

While fixed deposits ensure guaranteed interest income, interest rates are lower when compared with other investment options. For example, some guaranteed return plans offer higher returns along with the added security of insurance.

ESAF Small Finance Fixed Deposit: Key Highlights

ESAF Small Finance Bank Fixed Deposit Rates 2026

Interest Rates for Resident Term Deposits (Less than Rs Crores)

*ESAF Small Finance Bank FD Interest Rates w.e.f 18th June 2025

Types of ESAF Small Finance Bank FD Schemes

1. Regular Fixed Deposit: 

   ESAF Small Finance Bank's Regular Fixed Deposit is a traditional and secure investment option for individuals who want to earn guaranteed returns on their savings. It is a flexible product with various tenures to choose from, allowing you to align your investment with your financial goals.

   • Flexible Tenure: 7 days to 10 years
   • High-Yielding Interest: The bank offers competitive interest rates
   • Interest Payout Options: at maturity on a monthly or quarterly basis
   • Liquidity: Offers liquidity through the option of a loan or overdraft against the deposit

2. Tax Saver FD Account: 

   The ESAF Small Finance Bank Tax Saver FD is a dedicated fixed deposit scheme that provides the dual benefit of a secure investment and a tax deduction under Section 80C of the Income Tax Act, 1961. 

   Benefits:

   • Tax Deduction: Eligible for a tax deduction under Section 80C
   • Fixed Lock-in Period: lock-in period of 5 years
   • Guaranteed Returns: It offers competitive, fixed interest rates
   • Nomination Facility: A nomination facility is available

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

Here are explanations of the fixed deposit features you listed:

• Reinvestment option available: This feature allows you to reinvest the interest earned on your fixed deposit back into the principal amount. This helps your money grow faster over time through the power of compounding.
• Nomination facility available: This allows you to appoint a nominee, who can be a family member or another individual, to receive the proceeds of your fixed deposit in the event of your death. 
• Joint account available: You have the flexibility to open a fixed deposit account with one or more individuals, which is useful for couples, family members, or business partners.
• Overdraft / Loan against FD available: Instead of prematurely closing your FD, you can take a loan or overdraft against it. This allows you to access funds for a financial need while your original deposit continues to earn interest. 
• Auto-renewal facility available: This is a convenient feature that automatically renews your fixed deposit upon maturity for the same period and at the interest rate prevailing at that time.
• TDS certificate will be issued: If the interest earned on your fixed deposit exceeds the threshold set by the Income Tax Department in a financial year, the bank will deduct TDS. A TDS certificate, known as Form 16A, will be issued to you as proof of the tax deduction.

How To Apply for the ESAF Small Finance Bank Fixed Deposit?

A Fixed Deposit (FD) with ESAF Small Finance Bank is a reliable investment choice that helps your money grow securely. FDs allow you to make a one-time deposit for a fixed period and earn guaranteed ESAF Bank interest rates. 

1. Online FD Account Opening

   If you are an existing customer of ESAF Small Finance Bank, you can easily open an FD account online through the bank’s digital platforms.

   • Log in to NetBanking/Mobile App: Log in to the ESAF Bank Internet Banking portal or the Mobile Banking App. 
   • Go to ‘Fixed Deposit’: Navigate to the "Deposits" or "Term Deposits" section and select the option to "Open FD."
   • Select FD Amount: Choose the account from which you want to debit the funds, and enter the deposit amount.
   • Select FD Type: Choose your preferred deposit type, such as Cumulative or Non-Cumulative. 
   • Maturity Instructions: Select your preference for maturity, such as auto-renewal or payout
   • Review & Confirm: Review all the details, agree to the terms and conditions, and submit it. 
   • FD Receipt: A digital FD receipt will be generated instantly.

2. Offline FD Account Opening

   For those who prefer a more traditional approach, you can visit any ESAF Small Finance Bank branch to open a Fixed Deposit.

   • Visit the Branch: Go to the nearest ESAF bank branch with your required documents.
   • Fill the FD Form: A bank official will provide you with the Fixed Deposit application form.
   • Submit Documents: Submit all your documents as asked
   • Fund Transfer/Deposit: Deposit the FD amount using a cheque, cash, or by transferring 
   • Tenure & Interest Options: Choose your preferred tenure and the interest payout frequency.
   • Get the FD Receipt: The bank will issue you a Fixed Deposit Receipt as confirmation. 

Eligibility for ESAF Small Finance Bank FD

Any individual, whether a new or existing customer of ESAF Small Finance Bank, can open a fixed deposit account. 

Other than these, the ESAF FD can be opened by:

• HUFs
• Public and private companies
• Partnership firms
• Trusts and Societies
• NRIs (Non-resident Indians) and PIOs (Persons of Indian Origin)

Conclusion 

ESAF Small Finance Bank offers competitive FD interest rates, especially for select tenures, making it a strong choice for investors seeking higher returns with safety. With DICGC insurance cover and flexible features, these FDs balance security and steady growth effectively.