ESAF Small Finance Bank Latest Fixed Deposit Interest Rates
Resident Term Deposit
Interest Rates for Resident Term Deposits (Less than Rs.200 lakhs)
| Period | Rate of Interest effective from 01/11/2022 | |
|---|---|---|
| Normal Rate (%) | Rate for Senior Citizens (%) | |
| 7 days to 14 days | 4.00% | 4.50% |
| 15 days to 59 days | 4.50% | 5.00% |
| 60 days to 90 days | 5.00% | 5.50% |
| 91 days to 182 days | 5.25% | 5.75% |
| 183 days to 1 year | 5.50% | 6.00% |
| 1 year 1 day to less than 2 years | 6.60% | 7.10% |
| 2 years to 998 days | 7.25% | 7.75% |
| 999(2 years 8 months & 26 days)* | 8.00%* | 8.50%* |
| 1000 days to less than 3 years | 7.25% | 7.75% |
| 3 years to less than 4 years | 5.75% | 6.25% |
| 4 years to less than 5 years | 5.75% | 6.25% |
| 5 years to 10 years | 5.25% | 5.75% |
*Special FD rate of 8.00% for 999 days will be available till 30-Nov-2022
Notes:
» Interest rates as above are applicable for new Resident term deposits and renewal of existing Resident term deposits.
» Income Tax deduction at source from the interest paid on Resident term deposits will be made, wherever applicable, as per the Income Tax rules.
» The minimum tenor for Resident term deposits is 7 days.
» No interest would be payable for Resident term deposits prematurely withdrawn before completion of a period of 7 days from the date of deposit.
» Penalty for premature closure will be applicable for Resident term deposits, as per rules.
» The interest rate applicable on premature closure of Resident term deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank.
» The above rates of interest are applicable for Resident Recurring Deposits also.
» Rates of interest are subject to revision periodically.
» For help, email to [email protected].
» Customers may please contact our Branches for details of interest rates for deposits of Rs 200 lakhs and above.
Non Resident Ordinary (NRO) Term Deposits
Interest Rates for Non-Resident Ordinary (NRO) Term Deposits (Less than Rs.200 lakhs)
| Period | Rate of Interest effective from 01/11/2022 |
|---|---|
| 7 days to 14 days | 4.00% |
| 15 days to 59 days | 4.50% |
| 60 days to 90 days | 5.00% |
| 91 days to 182 days | 5.25% |
| 183 days to 1 year | 5.50% |
| 1 year 1 day to less than 2 years | 6.60% |
| 2 years to 998 days | 7.25% |
| 999(2 years 8 months & 26 days)* | 8.00%* |
| 1000 days to less than 3 years | 7.25% |
| 3 years to less than 4 years | 5.75% |
| 4 years to less than 5 years | 5.75% |
| 5 years to 10 years | 5.25% |
*Special FD rate of 8.00% for 999 days will be available till 30-Nov-2022
Notes:
» Interest rates as above are applicable for new NRO term deposits and renewal of existing NRO term deposits.
» Rate of interest applicable for NRO term deposits of Senior Citizens is the same as above.
» Income Tax deduction at source from the interest paid on NRO term deposits will be made, as per the Income Tax rules.
» The minimum tenor for NRO term deposits is 7 days.
» No interest would be payable for NRO term deposits prematurely withdrawn before completion of a period of 7 days from the date of deposit.
» Penalty for premature closure will be applicable for NRO term deposits, as per rules.
» The interest rate applicable on premature closure of NRO term deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank.
» The above rates of interest are applicable for NRO Recurring Deposits also.
» Rates of interest are subject to revision periodically.
» For help, email to [email protected].
» Customers may please contact our Branches for details of interest rates for deposits of Rs 200 lakhs and above.
Non Resident External (NRE) Term Deposits
Interest Rates for Non-Resident External (NRE) Term Deposits (Less than Rs.200 lakhs)
| Period | Rate of Interest effective from 01/11/2022 |
|---|---|
| 1 year 1 day to less than 2 years | 6.60% |
| 2 years to 998 days | 7.25% |
| 999(2 years 8 months & 26 days)* | 8.00%* |
| 1000 days to less than 3 years | 7.25% |
| 3 years to less than 4 years | 5.75% |
| 4 years to less than 5 years | 5.75% |
| 5 years to 10 years | 5.25% |
*Special FD rate of 8.00% for 999 days will be available till 30-Nov-2022
Notes:
» Interest rates as above are applicable for new NRE term deposits and renewal of existing NRE term deposits.
» Rate of interest applicable for NRE term deposits of Senior Citizens is the same as above.
» The minimum tenor for NRE term deposits is 365 days.
» No interest would be payable for NRE term deposits prematurely withdrawn before completion of a period of 365 days from the date of deposit.
» Penalty for premature closure will be applicable for NRE term deposits, as per rules.
» The interest rate applicable on premature closure of NRE term deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank.
» The above rates of interest are applicable for NRE Recurring Deposits also.
» Rates of interest are subject to revision periodically.
» For help, email to [email protected]
» For deposits greater than Rs. 2 crore, please contact your nearest branch for the interest rates.
» Customers may please contact our Branches for details of interest rates for deposits of Rs 200 lakhs and above.