ESAF Small Finance Bank RD 2025: Watch Your Money Grow

1. Flexible tenure options ranging from six months to 10 years. 
2. All individuals over the age of 10 years are eligible to open a recurring deposit account.   
3. The minimum deposit amount is Rs.100.  
4. A premature withdrawal facility is available.  

1. The recurring deposit account can be opened singly as well as in joint names.  
2. A nomination facility is available.  
3. Attractive interest rates ranging from 5.25% p.a. to 8.75% p.a. 
4. Senior citizens will be offered an additional interest rate of 0.50% p.a. 

ESAF Small Finance Bank RD Interest Rates  

The interest rates on recurring deposits of less than Rs.300 lakh offered by ESAF Small Finance Bank  are mentioned in the table below: 

Tenure	General Public	Senior Citizens
180–182 days (~6 months)	5.25% p.a.	5.75% p.a.
183 days – 1 year	6.00% p.a.	6.50% p.a.
1 year 1 day – <2 years	7.75% p.a.	8.25% p.a.
~2 years (~887 days)	8.00% p.a.	8.50% p.a.
Exact 888 days	8.38% p.a.	8.88% p.a.
889 days – <3 years	8.00% p.a.	8.50% p.a.
3–<5 years	6.75% p.a.	7.25% p.a.
5–10 years	6.25% p.a.	6.75% p.a.

Note: The interest rates mentioned in the table above can vary according to the discretion of ESAF Small Finance Bank. These rates are in effect from 20 January 2025.

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Documents Required for ESAF Small Finance Bank RD 

If you wish to open a recurring deposit account with ESAF Small Finance Bank, you need to submit the following documents: 

1. Duly filled application form 
2. Identity proof - Aadhaar card, passport, voter ID, etc. 

1. Address proof - Passport, driving license, utility bills, etc. 
2. Passport size photographs 

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FAQs on ESAF Small Finance Bank RD Interest Rates

• What are the tenures offered on ESAF Small Finance Bank recurring deposits?

  ESAF Small Finance Bank offers recurring deposits for tenures ranging from six months to 10 years.

• What is the minimum deposit amount required to book a recurring deposit account with ESAF Small Finance Bank?

  You can open a recurring deposit account with ESAF Small Finance Bank with a minimum deposit of Rs.100.

• Can I open a recurring deposit account with ESAF Small Finance Bank online?

  Yes, you can open a recurring deposit account with ESAF Small Finance Bank online.

• Do senior citizens get an additional interest rate on recurring deposits?

  Yes, ESAF Small Finance Bank offers a 0.50% p.a. additional interest rate to senior citizens.

• Does ESAF Small Finance Bank offers a nomination facility on its recurring deposits?

  Yes, a nomination facility is offered by ESAF Small Finance Bank on recurring deposits.

• Can I withdraw my recurring deposit before it matures?

  Yes, ESAF Small Finance Bank allows premature withdrawal of recurring deposits. However, the bank imposes a penalty for the same.

• How can I reach out to customer care of ESAF Small Finance Bank?

  You can contact customer care of ESAF Small Finance Bank at 1-800-103-3723.

• Can NRIs open a recurring deposit account with ESAF Small Finance Bank?

  Yes, NRIs can open a recurring deposit account with ESAF Small Finance Bank.