ESAF Small Finance Bank FD Rates

ESAF began as an NGO in 1992 with the noble vision of uplifting the poor. From 1995 to 2016, ESAF had become a fully-fledged small finance bank. In 2021, it will have 3300 staff members and over 4 million satisfied customers. The customers use a range of services that the bank has to offer.

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Accounts, cards, loans, and saving schemes make up a significant chunk of the operations. However, one of the most prominent slices comes from the fixed deposits. The ESAF Small Finance Bank FD Rates have satisfied the needs of many customers. 

Features:

  • Best interest rates
  • There are two types of fixed deposits:
  • Regular
  • Tax Saver
  • Reinvestment options are available
  • Premature closure is permissible with applicable deductions

ESAF Small Finance Bank Fixed Deposit Rates 2021

The ESAF Small Finance Bank FD Rates are as follows:

ESAF Small Finance Bank FD Rates for Domestic Term Deposits (w.e.f: 2nd May 2021)

Tenure

Interest Rate (%) for Regular Citizens

Interest Rate (%) for 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

5.25%

5.75%

91 days to 181 days

5.50%

6.00%

182 days

5.00%

5.50%

183 days to 363 days

6.00%

6.50%

364 days

5.25%

5.75%

365 days & 366 days

6.50%

7.00%

367 days to 545 days

6.25%

6.75%

546 days

5.00%

5.50%

547 days to 727 days

6.25%

6.75%

728 days

5.25%

5.75%

729 days to 909 days

6.00%

6.50%

910 days

5.25%

5.75%

911 days to 1091 days

6.00%

6.50%

1092 days

5.25%

5.75%

1093 days to 1273 days

5.75%

6.25%

1275 -1455 days

5.25%

5.75%

1275 days -1455 days

5.75%

6.25%

1456 days

5.25%

5.75%

1457 days-1637 days

5.75%

6.25%

1638 days

5.25%

5.75%

1639 days-1819 days

5.75%

6.25%

1820 days

5.25%

5.75%

1821 days to 3653 days

5.25%

5.75%

ESAF Small Finance Bank FD Rates for NRO/NRE Term Deposits (Less than Rs. 200 lakhs w.e.f 2nd May 2021)

Tenure

Interest Rate (%) NRE

Interest Rate (%) for NRO

7 days to 14 days

4.00%

15 days to 59 days

4.50%

60 days to 90 days

5.25%

91 days to 181 days

5.50%

182 days

5.00%

183 days to 363 days

6.00%

364 days

5.25%

365 days & 366 days

6.50%

6.50%

367 days to 545 days

6.25%

6.25%

546 days

5.00%

5.00%

547 days to 727 days

6.25%

6.25%

728 days

5.25%

5.25%

729 days to 909 days

6.00%

6.00%

910 days

5.25%

5.25%

911 days to 1091 days

6.00%

6.00%

1092 days

5.25%

5.25%

1093 days to 1273 days

5.75%

5.75%

1274 days

5.25%

5.25%

1275 days -1455 days

5.75%

5.75%

1456 days

5.25%

5.25%

1457 days-1637 days

5.75%

5.75%

1638 days

5.25%

5.25%

1639 days-1819 days

5.75%

5.75%

1820 days

5.25%

5.25%

1821 days to 3653 days

5.25%

5.25%

*Fixed Deposit Interest rates are subject to change.

ESAF Small Finance Bank Fixed Deposit Rates Features

  • The minimum tenor is for 7 days. 
  • These same rates apply for recurring deposits in the case of residents. 
  • These rates are valid for both new deposits and renewals. 

Summing it Up

ESAF Small Finance bank provides services for residents, NRE, and NRO citizens. A wide variety of scheme durations are available along with a minimum of seven days period. One can invest as much or as little as per given terms. Finally, there are bonuses in the form of saving taxes and reinvestment.

Written By: PolicyBazaar - Updated: 12 August 2021
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