After this increase in repo rate, apart from many private and government banks of the country, small finance banks have also increased their FD rates. In this sequence, ESAF Small Finance Bank has increased the interest rates on FDs of less than Rs 2 crore.

Highest interest will be available here

After this increase in interest rates, ESAF Small Finance Bank is giving 8.10% interest on 999 days FD to its general customers while 8.60% interest to its senior citizen customers for the same period. While the bank is giving 8% interest to its general customers and 8.50% to its senior citizen customers on FDs ranging from 2 years to less than 3 years. The increased new interest rates of the bank are applicable from 15 February.

Increased FD rates of Small Finance Bank

After this increase in the interest rate, this small finance bank is offering its customers 4% on FDs of 7 days to 14 days, 4.50% on FDs of 15 days to 59 days, 60 days to 90 days Paying 5% interest on FD and 5.25% interest on FDs of 91 days to 182 days. On the other hand, the bank is paying 6% interest on FDs of 183 days to 1 year while 7.75% interest is being given on FDs of 1 year 1 day to less than 2 years.

Apart from this, ESAF Small Finance Bank is giving 8% interest to its customers on FDs of 2 years to less than 3 years and 5.75% interest on FDs of 3 years to less than 5 years. On the other hand, this small finance bank is paying 5.25% interest on FDs of 5 years to 10 years and 8.10% on FDs of 999 days. You can start your FD with ESAF Small Finance Bank from as low as Rs.1000.

The post Bumper FD Returns! 8.60% interest is available only on FD of 999 days, new interest rates are applicable from February 15 first appeared on Rightsofemployees.com.