What is the highest ESAF Small Finance Bank FD rate for senior citizens?

The highest ESAF Small Finance Bank Senior Citizen FD rate is 8.25% p.a. on deposit for the tenure of 2 to 3 Years.

Is ESAF Small Finance Bank FD Safe for Senior Citizens?

ESAF Small Finance Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from an ESAF Small Finance Bank?

Yes. ESAF Small Finance Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open an ESAF Small Finance Bank Senior Citizen FD?

The minimum amount required to open a ESAF Small Finance Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on ESAF Small Finance Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on ESAF Small Finance Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

ESAF Small Finance Bank Senior Citizen Fixed Deposit Rates

Name: ESAF Small Finance Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.8 (10053 reviews)

ESAF Small Finance Bank offers attractive FD rates for senior citizens ranging from 3.25% to 8.25% p.a. across tenures of 7 days to 10 years. Continue reading for the latest ESAF Small Finance Bank Senior Citizen FD rates.

ESAF Small Finance Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	8.25%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available
Loan Against FD	Up to 90% of the fixed deposit amount.

ESAF Small Finance Bank Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of ESAF Small Finance Bank Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options.

Tenure	Senior Citizen FD Rates (per annum)
7 days to 14 days	3.25%
15 days to 59 days	3.75%
60 days to 90 days	4.25%
91 days to 182 days	4.50%
183 days to 1 year	6.50 %
1 year 1 day to 500 days	7.75%
501 days	8.00%
502 days to less than 2 years	7.75%
2 years to less than 3 years	8.25%
3 years to less than 5 years	6.50%
5 years to 10 years	6.25%

ALSO READ: Equitas Small Finance Bank Senior Citizen Fixed Deposit Interest Rates

Use the ESAF Small Finance Bank FD Calculator below to estimate the maturity amount and interest earned on your ESAF Small Finance Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Compare ESAF Small Finance Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than ESAF Small Finance Bank for specific tenures. The table below compares ESAF Small Finance Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
ESAF Small Finance Bank	8.25% (2 to 3 Years)
Shivalik Small Finance Bank	8.50% (23 to 27 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (2 to 3 Years)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (2 to 3 Years)
Slice Small Finance Bank	7.75% (18 Months 1 day to 18 Months 2 day
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.60% (3 years)
ICICI Housing Finance	7.10% (45 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.25% (555 Days)

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