This Small Finance Bank Revises Interest Rates On FD: Details Inside

ESAF Small Finance Bank provides its customers with a variety of deposit options, including fixed deposits, recurring deposits, and the hrudaya deposit plan. The bank has updated its interest rates on resident term deposits of less than Rs 2 crore, and the new rates are effective from December 1, 2021. We have covered the bank's most recent interest rates for new Resident term deposits, renewal of existing Resident term deposits, and recurring deposits here.

ESAF Small Finance Bank Fixed Deposit Interest Rates

Following the most revision, the general public would now get a maximum interest rate of 6.25% and senior citizens will get a maximum rate of 6.75% on their deposits maturing in 729 days to 909 days and 911 days to 1091 days. Here are the bank's latest interest rates applicable on resident term deposits and recurring deposits of less than Rs. 2 Cr.

Period	Regular Rate (p.a.)	Rate for Senior Citizens (p.a.)
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	5.75%	6.25%
364 days	5.25%	5.75%
365 days & 366 days	6.00%	6.50%
367 days to 545 days	6.00%	6.50%
546 days	5.00%	5.50%
547 days to 727 days	6.00%	6.50%
728 days	5.25%	5.75%
729 days to 909 days	6.25%	6.75%
910 days	5.25%	5.75%
911 days to 1091 days	6.25%	6.75%
1092 days	5.25%	5.75%
1093 days to 1273 days	5.75%	6.25%
1274 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%
Source: Bank Website. W.e.f. 01.12.2021

ESAF Small Finance Bank Non-Resident Ordinary (NRO) Term Deposit Interest Rates

The bank has also revised its interest rates on Non-Resident Ordinary (NRO) Term Deposits. The revised rates are applied to NRO Recurring Deposits as well, and the rate of interest on NRO term deposits for senior citizens is the same as for non-senior citizens. The bank is currently offering the following interest rates on Non-Resident Ordinary (NRO) deposits beginning from December 1, 2021.

Period	Rate of Interest effective from 01/12/2021
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	5.75%
364 days	5.25%
365 days & 366 days	6.00%
367 days to 545 days	6.00%
546 days	5.00%
547 days to 727 days	6.00%
728 days	5.25%
729 days to 909 days	6.25%
910 days	5.25%
911 days to 1091 days	6.25%
1092 days	5.25%
1093 days to 1273 days	5.75%
1274 days	5.25%
1275 days -1455 days	5.75%
1456 days	5.25%
1457 days-1637 days	5.75%
1638 days	5.25%
1639 days-1819 days	5.75%
1820 days	5.25%
1821 days to 3653 days	5.25%
Source: Bank Website

ESAF Small Finance Bank Non-Resident External (NRE) Term Deposit Interest Rates

The bank has also updated its interest rates on Non-Resident External (NRE) Term Deposits and NRE Recurring Deposits of less than Rs. 2 Cr, which are as follows, effective December 1, 2021.

Period	Rate of Interest effective from 01/12/2021
365 days & 366 days	6.00%
367 days to 545 days	6.00%
546 days	5.00%
547 days to 727 days	6.00%
728 days	5.25%
729 days to 909 days	6.25%
910 days	5.25%
911 days to 1091 days	6.25%
1092 days	5.25%
1093 days to 1273 days	5.75%
1274 days	5.25%
1275 days -1455 days	5.75%
1456 days	5.25%
1457 days-1637 days	5.75%
1638 days	5.25%
1639 days-1819 days	5.75%
1820 days	5.25%
1821 days to 3653 days	5.25%
Source: Bank Website