ESAF Small Finance Bank FD Rates
ESAF Small Finance Bank offers individuals attractive interest rates when it comes to investing in fixed deposits. The bank offers interest up to 8.50% p.a. to the general public while the interest offered to senior citizens goes up to 9.00% p.a.
With features like reinvestment, auto-renewal, and availing loan against the FD made available to the customers by the bank, investing in their FDs becomes an attractive choice.
The fact that a term deposit can be opened with a minimum amount of Rs.1,000 makes it affordable.
ESAF Small Finance Bank offers individuals the option of investing in regular fixed deposits or tax saver fixed deposits.
ESAF Small Finance Bank FD Rates
FD rates offered on various tenures for deposits less than Rs.3 crore by ESAF Small Finance Bank
Period | Interest rate p.a.(General Public) | Interest rate p.a.(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 888 days | 8.50% | 9.00% |
3 years to less than 5 years | 6.75% | 7.25% |
5 years to 10 years | 6.25% | 6.75% |
Note: The rates offered here have been update on 28 March 2025.
Non-Resident Ordinary (NRO) Term Deposits up to Rs.3 crore
Tenure | Interest rate 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 887 days | 8.00% |
3 years to less than 5 years | 6.75% |
5 years to 10 years | 6.25% |
Note: The rates offered here have been updated on 28 March 2025.
Non-Resident External (NRE) Term Deposits up to Rs.2 crore
Period | Rate of Interest (p.a.) |
1 year | 6.00% |
1 year 1 day to 887 days | 7.75% |
889 days to less than 3 years | 8.00% |
3 years to less than 5 years | 6.75% |
5 years to 10 years | 6.25% |
Note: The rates offered here have been updated on 28 March 2025.
How to apply
If you wish to open a fixed deposit account with ESAF Small Finance bank, you can apply for it online or visit the nearest branch of the bank.
Eligibility
Any new customer or an existing customer of ESAF Small Finance bank can open an FD account.
Documents Required to be Submitted
For opening a fixed deposit account with ESAF Small Finance bank, one of the documents mentioned below need to be submitted:
- 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
You don't need an account with the bank to open this FD account. You can also reinvest your earnings with ESAF Small Finance Bank.
FAQs on ESAF Small Finance Bank FD Rates
- What is the minimum amount that I can deposit if I open an FD account with ESAF Small Finance Bank?
The minimum amount that you can deposit is Rs.1,000 and maximum deposit amount is in the multiple of Rs.1,000.
- What are the tenure options for FD schemes?
You can choose a tenure ranging between 7 days and 10 years.
- How can I apply for fixed deposit from ESAF Small Finance Bank online?
You can apply for fixed deposit from EASF Small Finance Bank online by clicking on the link https://www.esafbank.com/products/regular-fd-account/ where on clicking on the 'Apply Now' button a new page will open in front of you. Fill in your details such as your name, mobile number, email ID, city in which you reside, address, etc. and click on 'Submit'.
- Can I reinvest my maturity amount when my FD matures?
Yes, you can reinvest your maturity amount once your fixed deposit matures. You can choose the tenure of your choice and reinvest it or choose to get the sum disbursed to your bank account.
- Is the option to avail loan against FD available?
Yes, if you have opened an FD account with ESAF Small Finance Bank, you can then avail loan against fixed deposit.
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