ESAF Small Finance Bank FD Rates

What is an ESAF Small Finance Fixed Deposit?

An ESAF Small Finance Bank Fixed Deposit offers competitive interest rates for tenures ranging from 7 days to 10 years. Designed for financial flexibility, it offers senior citizens an additional 0.50% interest rate, monthly or quarterly interest payouts, joint account holding, and the convenience of auto-renewal. Investors can also utilise the FD as collateral by availing of an overdraft or loan against the deposit, while tax-saving variants offer deductions under Section 80C with a 5-year lock-in. 

With added benefits such as reinvestment options and lien-marking facilities, premature withdrawals are subject to a standard penalty. To find the best fit for your savings goals, you can compare the latest FD interest rates to maximise your potential returns.

ESAF Small Finance Fixed Deposit: Key Highlights

ESAF Small Finance Bank Fixed Deposit Rates 2026

Interest Rates for Resident Term Deposits (Less than Rs Crores)

*ESAF Small Finance Bank FD Interest Rates w.e.f 01 March 2026

Types of ESAF Small Finance Bank FD Schemes

1. Regular Fixed Deposit: 

   ESAF Small Finance Bank's Regular Fixed Deposit is a traditional and secure investment option for individuals who want to earn guaranteed returns on their savings. It is a flexible product with various tenures to choose from, allowing you to align your investment with your financial goals.

   • Flexible Tenure: 7 days to 10 years
   • High-Yielding Interest: The bank offers competitive interest rates
   • Interest Payout Options: at maturity on a monthly or quarterly basis
   • Liquidity: Offers liquidity through the option of a loan or overdraft against the deposit

2. Tax Saver FD Account: 

   The ESAF Small Finance Bank Tax Saver FD is a dedicated fixed deposit scheme that provides the dual benefit of a secure investment and a tax deduction under Section 80C of the Income Tax Act, 1961. 

   Benefits:

   • Tax Deduction: Eligible for a tax deduction under Section 80C
   • Fixed Lock-in Period: lock-in period of 5 years
   • Guaranteed Returns: It offers competitive, fixed interest rates
   • Nomination Facility: A nomination facility is available

Features of ESAF Small Finance Bank Fixed Deposit

These are the top features of ESAF Small Finance Bank Fixed Deposit:

• Flexible Deposits: Open an account with a minimum of ₹1,000, and add more in multiples of ₹1,000.
• Flexible Payouts: Choose to receive interest payouts quarterly or monthly (on a discounted value).
• Reinvestment Option Available: This feature allows you to reinvest the interest earned on your fixed deposit into the principal. This helps your money grow faster over time through the power of compounding.
• Nomination Facility Available: This allows you to appoint a nominee, who can be a family member or another individual, to receive the proceeds of your fixed deposit in the event of your death. 
• Joint Account Available: You can open a fixed deposit account with one or more individuals, which is useful for couples, family members, or business partners.
• Overdraft / Loan against FD available: Instead of prematurely closing your FD, you can take an ESAF loan against FD or an overdraft against it. This allows you to access funds for a financial need while your original deposit continues to earn interest. 
• Auto-renewal Facility available: This convenient feature automatically renews your fixed deposit upon maturity for the same period and at the prevailing interest rate.
• TDS certificate will be issued: If the interest earned on your fixed deposit exceeds the threshold set by the Income Tax Department in a financial year, the bank will deduct TDS. A TDS certificate will be issued to you as proof of the tax deduction.

How To Apply for the ESAF Small Finance Bank Fixed Deposit?

A Fixed Deposit (FD) with ESAF Small Finance Bank is a reliable investment choice that helps your money grow securely. FDs allow you to make a one-time deposit for a fixed period and earn guaranteed ESAF Bank interest rates. 

1. Online FD Account Opening

   If you are an existing customer of ESAF Small Finance Bank, you can easily open an FD account online through the bank’s digital platforms.

   • Log in to NetBanking/Mobile App: Log in to the ESAF Bank Internet Banking portal or the Mobile Banking App. 
   • Go to ‘Fixed Deposit’: Navigate to the "Deposits" or "Term Deposits" section and select the option to "Open FD."
   • Select FD Amount: Choose the account from which you want to debit the funds, and enter the deposit amount.
   • Select FD Type: Choose your preferred deposit type, such as Cumulative or Non-Cumulative. 
   • Maturity Instructions: Select your preference for maturity, such as auto-renewal or payout
   • Review & Confirm: Review all the details, agree to the terms and conditions, and submit it. 
   • FD Receipt: A digital FD receipt will be generated instantly.

2. Offline FD Account Opening

   For those who prefer a more traditional approach, you can visit any ESAF Small Finance Bank branch to open a Fixed Deposit.

   • Visit the Branch: Go to the nearest ESAF bank branch with your required documents.
   • Fill the FD Form: A bank official will provide you with the Fixed Deposit application form.
   • Submit Documents: Submit all your documents as asked
   • Fund Transfer/Deposit: Deposit the FD amount using a cheque, cash, or by transferring 
   • Tenure & Interest Options: Choose your preferred tenure and the interest payout frequency.
   • Get the FD Receipt: The bank will issue you a Fixed Deposit Receipt as confirmation. 

Eligibility for ESAF Small Finance Bank FD

Any individual, whether a new or existing customer of ESAF Small Finance Bank, can open a fixed deposit account. 

Other than these, the ESAF FD can be opened by:

• HUFs
• Public and private companies
• Partnership firms
• Trusts and Societies
• NRIs (Non-resident Indians) and PIOs (Persons of Indian Origin)

Conclusion 

ESAF Small Finance Bank offers competitive FD interest rates, especially for select tenures, making it a strong choice for investors seeking higher returns with safety. With DICGC insurance coverage and flexible features, these FDs effectively balance security and steady growth. Investors can maintain liquidity through facilities like an overdraft or ESAF loan against FD, which allows you to borrow up to 90% of the deposit value without closing it. You can also opt for ESAF credit card against FD, a practical tool for building or improving a credit score without needing prior income proof. While the bank facilitates premature withdrawals for financial emergencies.