ESAF Small Finance Bank (ESAF SFB) has revised its fixed deposit interest rates and has also introduced a new deposit with higher interest rates. The FD scheme with the higher interest rate is available until November 30, 2022, as per ESAF Small Finance Bank’s website. The bank is now offering interest rates in the range of 4.00% to 8% for the general public and 4.50% to 8.50% for senior citizens on FD tenures from 7 days to 10-years. The revised FD interest rates are effective from November 1, 2022, as per the bank’s website.
ESAF SFB FD interest rates The bank is offering an interest rate of 4.00% on fixed deposits that mature in 7 to 14 days, and will be providing an interest rate of 4.50% on those that mature in 15 to 59 days. The bank is offering 5.00% on deposits that mature in 60 to 90 days, and an interest rate of 5.25% on deposits with tenure of 91 to 182 days.
After the revision, ESAF Small Finance Bank (ESAF SFB), will offer an interest rate of 5.50% on FDs maturing in 183 days to a year and 6.60% for deposits maturing in 1 year, 1 day to less than 2 years. The bank will now pay an interest rate of 7.25% on fixed deposits maturing in 2 years, 998 days, and an interest rate of 8.00% on deposits maturing in 999 days.
Deposits that mature in 1000 days or less than 3 years will now earn 7.25% interest, and those that mature in 3 years to less than 5 years will now earn 5.75% interest. ESAF Small Finance Bank FDs maturing in 5 to 10 years will now earn interest at a rate of 5.25%. According to the EASAF Website, "Special FD rate of 8.00% for 999 days will be available till 30-Nov-2022.”
The above rates of interest are applicable for Resident Recurring Deposits also.
