ESAF Small Finance Bank Revises Interest Rates On Fixed Deposit

Fixed deposit rates at ESAF Small Finance Bank are higher than savings account rates. The bank has recently revised fixed deposit (FD) interest rates, which are in force from May 2, 2021. The rate of interest on FDs for regular citizens varies from 4.00 percent to 6.5 percent after the most recent adjustment, for terms ranging from 7 days to 10 years. Senior citizens also get an extra 0.5 percent on their ESAF Small Finance term deposits, which have interest rates ranging from 4.5 percent to 7%. For a regular investor, the highest interest rate on an ESAF Bank FD is 6.5 percent for a period ranging from 365 days & 366 days, whereas the highest interest rate for senior citizens is 7% for the same period. The Deposit Insurance Scheme of the RBI insures all bank FDs. In addition, the insurance covers up to INR 5 lakhs. As a result, ESAF Small Finance Bank FD can be a good bet here. Fixed Deposits are interest-bearing investments that promise a guaranteed and risk-free return. As a result, investors can think about investing in an ESAF Small Finance Bank FD. Below are the updated ESAF Small Finance Bank FD interest rates.

ESAF Small Finance Bank FD Rates