ESAF Small Finance Bank Fixed Deposit Rate : ESAF Small Finance Bank (ESAF SFB) has launched a special 999 days Fixed Deposit (FD) scheme.
The bank is offering 8 percent interest to the general public under this special scheme. An additional 0.50 percent interest is paid to senior citizens. Subscription of this special FD plan can be taken till November 30.
Here is the revised FD rates
The bank has announced the revision saying that FDs maturing in 7 to 14 days from November 1 will get an interest of 4 per cent. 4.50 interest will be available on FD of 15 to 59 days. 5 percent interest will be given on FDs maturing in 15 to 59 days. Interest of 5.25 percent will be given on FDs maturing in 91 to 182 days.
Here are the new rates
The bank is offering 5.50 percent interest on FDs ranging from 183 days to one year. 6.60 per cent interest is being offered on FDs maturing in less than 2 years from 1 year and 1 day. Interest of 7.25 percent is being given on FDs maturing in 2 years to 998 days. Now 8 percent interest is being given on FDs maturing in 999 days. Apart from this, an interest of 7.25 percent is being given on FDs maturing in 1000 days or less than 3 years. 5.75 percent interest will be available on FDs of 3 years to less than 5 years. Interest of 5.25 percent is being given on FDs of 5 to 10 years.
Senior citizens will get extra interest
The bank is giving an extra 0.50 percent interest from the normal rates to the senior citizen FD account holder. These rates will be applicable for all FDs of Rs 2 crore or less. ESAF Small Finance Bank has told on its official website that all these rates will be applicable on FDs less than 2 crores. These revised rates of FD will be available to new FDs and renewing FDs only.
