Bonds
FDs
Blog
Login
| Tenure | For General Citizen (p.a) | For Senior Citizen (p.a) |
|---|---|---|
| 7 days to 14 days | 4 % | 4.5 % |
| 15 days to 59 days | 4.5 % | 5 % |
| 60 days to 90 days | 5 % | 5.5 % |
| 91 days to 182 days | 5.25 % | 5.75 % |
| 183 days to 1 year | 6 % | 6.5 % |
| 1 year 1 day to less than 2 years | 8 % | 8.5 % |
 2 years to less than 3 years | 8.5 % | 9 % |
| 3 years to less than 5 years | 6.75 % | 7.25 % |
| 5 years to 10 years | 6.25 % | 6.75 % |
Regular Fixed Deposit scheme
Hrudaya Deposit Scheme
ESAF Small Finance Bank has developed a unique approach to delivering affordable financial services to its members through Hrudaya Deposits.
The following people are eligible for investing in ESAF Small Finance Bank fixed deposits:
You will require the following documents for opening an FD account in ESAF Small Finance Bank:
You can open an FD with ESAF Small Finance Bank by visiting the nearest bank branch, filling in the application form, and submitting it with the requisite documents and deposit. However, to apply online, here are the steps that you have to follow:
Step 1: Visit the ESAF Small Finance Bank website and navigate to “Fixed Deposit Apply Online”.
Step 2: You will be shown a form that you will have to fill up to proceed further. Fill in your name, mobile phone number, email address, city name, PIN code, address, state, nearest branch and account type.
Step 3: Look for the fixed deposit option in the online portal.
Step 4: Fill in all the required fields, such as the tenure, amount, nominee, and digital signatures and submit it along with all the requisite documents. It is recommended that you double-check all the information before submitting.
Step 5: Make the payment via the net banking facility.
Step 6: Save the receipt you get after the payment is over and keep it for future reference.
ESAF Small Finance Bank allows premature withdrawal on callable fixed deposits. Here are the rules and regulations of the bank regarding premature withdrawal of fixed deposits:
Tax Deducted at Source (TDS)
The minimum tenure for regular fixed deposits in ESAF Small Finance Bank is 7 days, and the maximum tenure is 10 years.
ESAF Small Finance Bank offers several schemes catering to different investment aims of customers. Some of the fixed deposit schemes this bank offers are the Regular Fixed Deposit Scheme and the Hrudaya Deposit Scheme. For NRIs, NRO Term Deposits and NRE Term Deposits.
Yes. ₹5 lakhs DICGC (Deposit Insurance and Credit Guarantee Corporation) insurance cover applies to ESAF Small Finance Bank FD.
You must produce one proof of identity, one proof of residence and one proof of date of birth if you are a senior citizen.
Yes, you can withdraw your fixed deposit prematurely in an emergency. However, you might get a reduced interest rate as a penalty for premature withdrawal. You will not receive any interest if you break your FD before the minimum tenure.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
