ESAF Small Finance Bank Offers High Interest Rate of 7.5% on Savings Account | Check Details

Rajesh
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ESAF Small Finance Bank has recently made an exciting announcement regarding the interest rates for its savings accounts. Effective from July 1, 2023, the bank has increased the interest rates, providing customers with a great opportunity to grow their savings.

ESAF Small Finance Bank Offers High Interest Rate


Here are the details of the new interest rates offered by ESAF Small Finance Bank:

1. Savings Account Interest Rates:

   - Accounts with balances up to Rs. 5 lakh: 4% interest rate.

   - Accounts with balances over Rs. 5 lakh and up to Rs. 15 lakh: 5.50% interest rate.

   - Accounts with balances exceeding Rs. 15 lakh and up to Rs. 50 lakh: 7% interest rate.

   - Accounts with balances above Rs. 50 lakh: Enjoy the maximum interest rate of 7.50%.

ESAF Small Finance Bank understands the importance of providing customers with flexibility and options to optimize their earnings based on their account balance.

2. Fixed Deposit Interest Rates:

   The bank also offers a wide range of interest rates on fixed deposits, catering to various tenure options ranging from 7 days to 10 years. Take a look at the interest rates for different tenures:

Period Rate of Interest (effective from 14/04/2023) Normal Rate (%) Rate for Senior Citizens (%)
7 days to 14 days 4.00% 4.50%
15 days to 59 days 4.50% 5.00%
60 days to 90 days 5.00% 5.50%
91 days to 182 days 5.25% 5.75%
183 days to 1 year 6.00% 6.50%
1 year 1 day to < 2 years 8.00% 8.50%
2 years to < 3 years 8.50% 9.00%
3 years to < 5 years 6.75% 7.25%
5 years to 10 years 6.25% 6.75%

   

These attractive interest rates provided by ESAF Small Finance Bank give both general customers and senior citizens the opportunity to earn substantial returns on their investments.

For more information and to take advantage of these interest rates, please visit the official website of ESAF Small Finance Bank.

Note: The information provided here is based on the bank's official website. Please verify the details with the bank directly for any updates or changes.

Also Read : Temporary Suspension of Digital Savings Account Opening by India Post Payment Bank: All You Need to Know

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