savings-account/esaf-small-finance-bank

1. The required average monthly balance is Rs.1 lakh 

1. Free and unlimited transactions from ESAF bank ATMs and at other bank ATMs as well 

1. Mobile and internet banking facility 

1. RuPay Platinum debit card with per day withdrawal limit of Rs.1 lakh is provided 

1. Point of Sale (POS) and e-commerce limit of the debit card per day is Rs.2 lakh 

Pradham Savings Account 

Pradham savings account is designed by the bank to meet the customer’s varied banking needs. The details about the savings account are as follows: 

1. Account can be opened by all resident individuals 

1. The required average monthly balance is Rs.25,000 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. 12 free transactions at other bank’s ATMs 

1. Mobile and internet banking facility 

1. RuPay platinum debit card with per day cash withdrawal limit of Rs.80,000 and per day POS and e-commerce limit of Rs.1.6 lakh is provided 

1. RuPay  classic debit card with per day withdrawal limit of Rs.75,000 and per day POS and e-commerce limit of Rs.1.5 lakh is provided 

Royale Savings Account 

Royale savings account is designed with affluent individuals as target customers. Details regarding the account are as follows: 

1. Account can be opened by all resident individuals 

1. The minimum required average monthly balance is Rs.10,000 

1. Free unlimited transactions at ESAF Bank ATMs 

1. 8 free transactions at other bank’s ATMs 

1. Internet and mobile banking facility 

1. Interest payout is based on monthly frequency 

1. RuPay platinum and classic debit card are provided, details of which are given below: 

Mahila Sree Savings Account 

Mahila Sree is an account exclusively designed to benefit the banking needs of women. Details regarding the account are as follows: 

1. Women above the age of 18 years can open an account 

1. The required monthly average balance is Rs.1,000 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. At other bank ATMs, three free transactions are provided in metro cities and five at non-metro cities 

1. Internet and mobile banking facility 

1. Interest payout is based on monthly frequency 

1. RuPay platinum and classic debit card are provided, details of which are given below: 

Pragati Savings Account 

Another variant in the savings accounts offered by the bank is Pragati Savings Account. Details regarding the account are as follows: 

1. Account can be opened by all resident individuals 

1. The required minimum average monthly balance is Rs.2,000 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. At other bank ATMs, three free transactions are provided in metro cities and five free transactions in non-metro cities 

1. Mobile and internet banking facility 

1. Interest payout is based on monthly frequency 

1. RuPay platinum and classic debit card are provided, details of which are given below: 

Lalit Plus- Basic Savings Bank Deposit Account 

Lalit Plus- Basic Savings account is designed to meet the customers' basic banking needs. Details regarding the account are as follows: 

1. Account can be opened by all resident individuals 

1. The required monthly average balance is zero 

1. Free unlimited transactions at all ESAF Bank ATMs 

1. RuPay Classic debit card is provided with no issuance fee or annual fee required 

1. Daily ATM withdrawal limit is Rs.20,000 

1. Daily POS and e-commerce transaction limit are Rs.40,000 

1. Interest payout is based on monthly frequency 

Lalit Plus- Basic Savings Bank Deposit Small Account 

Lalit Plus-Basic Saving Small Account is another variant offered by the bank. Details regarding the account are as follows: 

1. Account can be opened by all resident individuals 

1. The required monthly average balance is zero 

1. Free unlimited transactions at ESAF Bank ATMs 

1. Daily withdrawal limit per month is Rs.10,000 

1. RuPay classic debit card is provided 

1. Aggregate of all credit in a financial year should not exceed Rs.1 lakh 

1. The account balance should not exceed Rs.50,000 

1. Aggregate of all debits should not exceed Rs.10,000 

1. Interest payout is based on monthly frequency 

Senior Citizen Savings Account 

ESAF Bank has an exclusive savings account catering to the banking needs of senior citizens. Details regarding the account are as follows: 

1. Account can be opened by any resident individual 

1. The minimum required average monthly balance is Rs.2,000 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. Five free transactions in metro cities and eight free transactions in non-metro cities at other bank ATMs 

1. Mobile and internet banking facility 

1. RuPay platinum debit card with per day cash withdrawal limit of Rs.50,000 and per day POS and e-commerce limit of Rs.1 lakh is provided 

1. RuPay  classic debit card with per day withdrawal limit of Rs.30,000 and per day POS and e-commerce limit of Rs.60,000 is provided 

Student Savings Account 

ESAF Bank offers an exclusive savings account for students to cater to their banking needs. Details regarding the account are as follows: 

1. Account can be opened by students 

1. The required average monthly balance is Rs.1,000 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. At other bank ATMS, three free transactions in metro cities and five free transactions in non-metro cities is provided 

1. RuPay  classic debit card with per day withdrawal limit of Rs.5,000 and per day POS and e-commerce limit of Rs.10,000 is provided 

1. Mobile and internet banking facility 

Balajyothi 

Balajyothi is another type of savings account offered by the bank. Details regarding the account are as follows: 

1. Account can be opened by all resident individuals 

1. The minimum required monthly average balance is Rs.1,000 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. At other Bank ATMs, three free transactions in metro cities and five free transactions in non-metro cities is provided 

1. RuPay  classic debit card with per day withdrawal limit of Rs.5,000 and per day POS and e-commerce limit of Rs.10,000 is provided 

1. Mobile and internet banking facility 

Krishak Bandhu 

Krishak Bandhu savings account offers exclusive benefits to cater to the banking needs of varied customers. Details regarding the account are as follows: 

1. Account can be opened by all resident individuals 

1. The required monthly average balance is zero 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. At other bank ATMs, three free transactions in metro cities and five free transactions in non-metro cities is provided 

1. RuPay platinum debit card with per day cash withdrawal limit of Rs.50,000 and per day POS and e-commerce limit of Rs.1 lakh is provided 

1. RuPay  classic debit card with per day withdrawal limit of Rs.30,000 and per day POS and e-commerce limit of Rs.60,000 is provided 

1. Mobile and internet banking facility 

Zero Balance 

Details to open a Zero Balance savings account are as follows: 

1. Account can be opened by all resident individuals 

1. The minimum required average monthly balance is zero 

1. Free and unlimited transactions at ESAF Bank ATMs 

1. At other bank ATMs, three free transactions in metro cities and five free transactions in non-metro cities is provided 

1. RuPay  classic debit card with per day withdrawal limit of Rs.30,000 and per day POS and e-commerce limit of Rs.60,000 is provided 

1. Mobile and internet banking facility 

Institutional Business 

ESAF Small Finance Bank offers this saving account that suits the needs of trusts, associations, societies, clubs, educational institutions, NGOs, and licensed companies governed by the Companies Act 1956/2013.  

The benefits offered by the bank under Institutional Business Savings Account are as follows: 

1. Salary accounts for the employees of the institutions 

1. Unlimited DD/PO/NEFT/RTGS/Cash transactions 

1. The required average monthly balance is zero 

1. Payment and collection services are offered 

1. Interest payouts are based on monthly frequencies 

1. Cheques are payable in the mentioned branches without extra collection charges 

1. Daily, weekly or monthly physical account statements as per the customer’s request 

ESAF Small Finance Bank Savings Account Interest Rates 

Interest rates for various savings account offered by the bank are as follows: 

Note: 

1. The above-mentioned rates of interest are effective from 26 March 2024 and are subject to change 

1. Interest will be accrued daily based on the balance at the end of each day, which is later credited to the savings account at the end of every month