ESAF Small Finance Bank (SFB) has increased interest rates on fixed deposits of less than Rs 2 crore. As per the official website of the bank, the new rates are effective from 12/01/2023.
Post revision, the bank is currently offering interest rates on deposits maturing in 7 days to 10 years which ranges from 4.00% to 5.25% for general public and 4.50% to 5.75% for senior citizens. The bank is now offering a maximum return of 8.00% for general public and 8.50% for senior citizens for a deposit period of 999 days (2 years 8 months and 25 days).
Know interest rates for all maturity periods
The bank is now offering an interest rate of 4.00% on deposits maturing in 7 to 14 days, while ESAF Small Finance Bank (SFB) is also offering an interest rate of 4.00% on deposits maturing in the next 15 to 59 days is offering an interest rate of 4.50%. Deposits of 60 days to 90 days will now fetch interest at the rate of 5.00%, while deposits of 91 days to 182 days will fetch interest at the rate of 5.25%.
Deposits with maturity between 183 days and 1 year will now fetch interest at the rate of 5.50%, while deposits with maturity of 1 year and 1 day and less than 2 years will now fetch 7.50%. The bank is now offering an interest rate of 7.75% on deposits maturing in 2 years to 998 days, while ESAF Small Finance Bank (SFB) is currently offering an interest rate of 7.75% on deposits maturing in 999 days (2 years 8 months and 25 days) Offering a maximum interest rate of 8.00%.
The interest rate on deposits maturing in 1000 days to less than 3 years is currently 7.75%, while the interest rate on deposits maturing in 3 years to less than 5 years is 5.75%. Deposits with maturity between five and ten years will now get interest at the rate of 5.25%. For all deposit tenures, senior citizens will continue to get an additional rate of 50 bps over and above the regular rates.
