ESAF Small Finance Bank (ESAF SFB) has come up with a special 999-day fixed deposit (FD) scheme carrying an interest rate of 8 percent for the general public and 8.50 percent for senior citizens. This special FD plan is available for subscription till November 30.
This small finance bank has also revised interest rates on fixed deposits below Rs 2 crore. It is now offering interest rates on fixed deposits with maturities ranging from 7 days to 10 years that range from 4 percent to 5.25 percent for general public and 4.50 percent to 5.75 percent for senior citizens. “Special FD rate of 8 percent for 999 days will be available till November 30,” ESAF SFB has mentioned on its website.
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ESAF Small Finance Bank FD rates
The bank is now offering a 4 percent return on fixed deposits that mature in the next seven to fourteen days, and it will also be offering an interest rate of 4.50 percent on those that mature in the next 15 to 59 days.
Deposits that mature in the next 60 to 90 days will attract interest at a rate of 5 per-cent, and those that mature in the next 91 to 182 days will now pay interest at a rate of 5.25 percent. The interest rates offered by ESAF SFB are now 5.50 percent for FDs maturing in 183 days to a year and 6.60 percent for those maturing in one year, one day, to less than two years.
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On FDs maturing in two years to 998 days, the bank will now pay an interest rate of 7.25 percent and on those maturing in 999 days, it will now pay an interest rate of 8 percent. Deposits maturing in 1000 days to less than three years will get an interest rate of 7.25 percent and those maturing in three years to five years will attract 5.75 percent return. ESAF Small Finance Bank will now pay an interest rate of 5.25 per-cent on deposits maturing in five years to ten years.
