ESAF Small Finance Bank Fixed Deposit

Domestic Term Deposit Interest Rates

Domestic Retail Term Deposit Tenure	Rate of Interest (Less than ₹ 1 Cr)
	Regular Citizens	Senior Citizens
7 – 14 days	5.50%	6.00%
15 – 59 days	5.50%	6.00%
60 – 90 days	6.25%	6.75%
91 – 179 days	6.75%	7.25%
180 – 363 days	7.50%	8.00%
364 days	5.60%	6.10%
365 – 727 days	8.75%	9.25%
728 days	6.80%	7.30%
729 – 1091 days	8.00%	8.50%
1092 days	5.66%	6.16%
1093 – 1819 days	7.00%	7.50%
1820 days	5.65%	6.15%
1821 – 3652 days	7.00%	7.50%

*Applicable from 1st April 2018

ESAF NRE Deposit Interest Rates

NRE Deposit Tenure	Rate of Interest
365-727 days	8.75%
728 days	6.80%
729-1091 days	8.00%
1092 days	5.66%
1093 -1819 days	7.00%
1820 days	5.65%
1821-3653 days	7.00%

ESAF NRO Deposit Interest Rates

NRO Deposit Tenure	Rate of Interest
7-14 days	5.75%
15-59 days	5.75%
60-90 days	6.50%
91-179 days	6.75%
180- 363 days	7.50%
364 days	5.60%
365-727 days	8.75%
728 days	6.80%
729-1091 days	8.00%
1092 days	5.66%
1093 -1819 days	7.00%
1820 days	5.65%
1821-3653 days	7.00%

1. Regular Fixed Deposit
2. Senior Citizen Fixed Deposit
3. Tax Saver Fixed Deposit
4. Hrudaya Deposit
5. NRE Deposit
6. NRO Deposit

1. Regular Fixed Deposit

ESAF Small Finance Bank Regular Fixed Deposit helps its customers to earn high interest rates on their regular fixed deposits. ESAF Fixed Deposit is crafted for customers who want to earn more on the investments made. The features & benefits of this deposit scheme are mentioned below:

Features of ESAF Small Finance Bank Regular Fixed Deposit

Minimum Amount: Rs. 1000 Maximum Amount: No Limit Minimum Period: 7 days Maximum Period: 10 years ESAF Bank FD Rate ranges from 5.75% to 8.75% depending upon the tenure. For detailed interest rates, click here. Reinvestment facility available Overdraft / Loan against Fixed Deposit facility available Nomination facility available Premature withdrawal available Joint account available

ESAF Regular Fixed Deposit Eligibility Criteria

ESAF Fixed Deposit account can be opened by Resident Individuals.

2. Senior Citizen Fixed Deposit

ESAF Small Finance Bank Senior Citizen Fixed Deposit provides preferential rates to senior citizens over regular individuals. The features & benefits of this deposit scheme are mentioned below:

Features of ESAF Small Finance Bank Senior Citizen Fixed Deposit

Minimum Amount: Rs. 1000 Maximum Amount: No Limit Minimum Period: 7 days Maximum Period: 10 years ESAF Bank Senior Citizen FD Rate ranges from 6.25% to 9.25% depending upon the tenure. For detailed interest rates, click here. Reinvestment facility available Overdraft / Loan against Fixed Deposit facility available Nomination facility available Premature withdrawal available Joint account available

ESAF Senior Citizen Fixed Deposit Eligibility Criteria

ESAF Senior Citizen Fixed Deposit account can be opened by Resident Individuals in the age of 60 years or above.

3. Tax Saver Fixed Deposit

ESAF Tax Saver FD is an ideal choice for investors who want to avail a deduction up to Rs.1.5 lakh under Section 80C of the Income Tax Act, 1961. It comes with a lock in period of 5 years. The features & benefits of the account are as follows:

Features of ESAF Small Finance Bank Tax Saver Fixed Deposit

Minimum Amount: Rs. 1000 Maximum Amount: Rs.1.5 lakh Minimum Period: 5 Years Maximum Period: 10 years ESAF Bank FD Rates is fixed at 7% for regular individuals and 7.50% for senior citizens. For detailed interest rates, click here. Nomination facility available Overdraft / Loan against Fixed Deposit facility not available Premature withdrawal facility not available Joint account available

ESAF Tax Saver Deposit Eligibility Criteria

ESAF Tax Saver Fixed Deposit account can be opened by Resident Individuals.

Useful Article: Interest Rates of Tax Saving FD

4. ESAF Hrudaya Deposit

With Hrudaya Deposit, ESAF Small Finance Bank provides an innovative solution to provide affordable financial services to the customers. ESAF provides an opportunity to the depositors to serve the unbanked and banked segments of the society. You as a depositor will be provided the freedom of choosing the group of borrowers, geography and purpose for which you desire to map your deposit. Features & benefits of ESAF Hrudaya Deposit are as follows:

Features of ESAF Small Finance Bank Hrudaya Deposit

Minimum Deposit Amount: Rs.15 lakh Tenure: Up to 2 years (No premature facility available) Performance report of the fund will be provided to you at regular intervals Relationship banking facility available Provides the facility of investing online

ESAF Hrudaya Deposit Eligibility Criteria

ESAF Hrudaya Deposit account can be opened by Resident & Non-Resident Indian Individuals.

With the application form, any customer looking to invest in an ESAF Bank fixed deposit will be required to provide following documents.

Documents Required for ESAF Small Finance Bank Fixed Deposit

Proof of Identity

PAN card Aadhaar card Voter ID Passport Driving license, etc.

Proof of Residence

Utility Bills (Telephone Bills, Electricity Bills) Voters’ ID card Driving license Passport Aadhaar card Any other document approved by the bank

To decide which bank is best for fixed deposit in India, you should check your maturity amount using an ESAF Fixed Deposit Calculator. If you plan to invest in a fixed deposit with ESAF Small Finance Bank, then you can check the maturity amount using the ESAF FD calculator online at Paisabazaar. You only need to furnish details like principal amount, ESAF FD Rates and tenure to choose the deposit scheme that serve your needs completely.

You can apply for ESAF Fixed Deposit easily by either online or offline mode. If you wish to apply online, you should select the “Deposits” button from the menu and click on “Apply Online” to fill the application form online. If you want to apply for ESAF Fixed deposit offline, please visit your nearest ESAF Bank branch for opening the deposit.