8.50% interest is being given to senior citizens on FDs for 2 to 3 years. According to the official website of the bank, the new rates on the bank’s FD will be applicable from February 15, 2023. The bank has increased the interest on fixed deposits above Rs 2 crore. After increasing the repo rate of RBI, most all the banks are increasing the interest on FD.

ESAF Small Finance Bank FD Rates

ESAF Small Finance Bank (SFB) is offering a maximum interest of 8.60% to senior citizens and 8.00% to general public. These new rates are being given on new FDs and renewable FDs. These new rates will not be applicable on existing running FDs.

Getting so much interest

The bank is now offering interest on FDs maturing in 7 days to 10 years. SFB is offering 4.00% to 8.10% interest to general public and 4.50% to 8.60% interest to senior citizens. The bank is paying 8.10 per cent interest to common people and 8.60 per cent to senior citizens on FDs maturing in 999 days. The bank is offering the highest interest on FDs of 999 days only.

These are the interest rates

ESAF Small Finance Bank is offering 4.00% interest on FDs maturing in 7 to 14 days. Apart from this, ESAF Small Finance Bank is offering an interest of 4.50% on deposits maturing in 15 to 59 days, 5.00% on FDs maturing in 60 to 90 days. ESAF Small Finance Bank is paying 5.25% interest on FDs maturing in 91 to 182 days.

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