ESAF Small Finance Bank Fixed Deposit (FD) Interest Rates 2025

ESAF Small Finance Bank FD Rates and Schemes: A Comprehensive Guide

Operating from Kerala, ESAF Small Finance Bank is a trusted name in the banking sector, known for its wide array of services and focus on financial inclusion. The bank specializes in reaching unbanked and underbanked areas, providing innovative financial products, including customized Fixed Deposit (FD) schemes.

With FD options tailored to meet diverse investment goals, ESAF Bank ensures that customers can secure their savings and earn attractive returns.

In this article, we present a detailed guide to the ESAF Small Finance Bank FD schemes and the latest FD interest rates, helping you make informed investment decisions.

2025 FD Interest Rates of ESAF Small Finance Bank

ESAF Small Finance Bank offers competitive interest rates to all individuals, regardless of whether they are residents or non-residents. However, such fixed deposit rates vary for different applicants. 

Let us take a look at the varying ESAF Bank FD rates applicable to different types of fixed deposit accounts that you can avail of in 2025.

Highlights for 2025 Fixed Deposit Scheme of ESAF Small Finance Bank

In the case of Resident/Non-Resident Ordinary (NRO) Accounts 

In the case of Non-Resident External (NRE) Account 

ESAF Small Finance Bank FD Rates for Senior Citizens 2025

ESAF Small Finance Bank provides senior citizens with additional interest rates above the standard rates offered to regular customers. Below is a table highlighting the ESAF Bank FD rates that apply to senior citizens in 2025: 

Types of ESAF Small Finance Fixed Deposit Schemes

Now that you know the latest ESAF Small Finance Bank FD rates for 2025, let us discuss the different types of fixed deposit schemes offered by the ESAF bank.

Regular ESAF Fixed Deposit Scheme

The Regular Fixed Deposit Scheme is a standard FD option designed for those seeking steady returns.

• Key Features:
  • High-yielding interest rates.
  • Interest payout: Quarterly or monthly.
  • Additional interest rates for senior citizens.
  • Nomination facility available.

This FD scheme is ideal for individuals looking for a safe investment option with flexible interest payout options.

2. Hrudaya ESAF Fixed Deposit Scheme

The Hrudaya ESAF Fixed Deposit Scheme is a unique social deposit product aimed at supporting social causes.

• Key Features:
  • Minimum deposit: ₹1 lakh.
  • Tenure: 1 year and above.
  • Designed for individuals interested in socially responsible investments.

3. NRE ESAF Fixed Deposit Scheme

Tailored for Non-Resident Indians (NRIs), the NRE Fixed Deposit Scheme allows NRIs to park their foreign earnings in India.

• Key Features:
  • Flexible tenure starting from 1 year.
  • Tax-free interest income in India.
  • Convenient management of FD investments from abroad.
  • Attractive interest rates to maximize returns.

4. NRO ESAF Fixed Deposit Scheme

The NRO Fixed Deposit Scheme enables NRIs to deposit income earned within India while earning competitive interest rates.

• Key Features:
  • Tenure starting from 7 days.
  • Interest income subject to taxation as per Indian Income Tax rules.
  • Additional benefits for senior citizens.
  • Ideal for managing domestic earnings effectively.

Why Choose ESAF Small Finance Bank FDs?
ESAF Bank's FD schemes cater to a variety of investment goals, offering security, flexibility, and attractive interest rates. Whether you're a resident Indian, a senior citizen, or an NRI, ESAF Bank has the right FD solution to grow your savings efficiently.

Lowest and Highest FD Interest Rate in ESAF Bank

The following table shows the lowest and highest FD interest rates offered by ESAF Small Finance Bank:

ESAF Small Finance Bank FD Premature Withdrawal/Closure 

Premature Withdrawal Rules for ESAF Small Finance Bank Fixed Deposits

For customers considering premature withdrawal of their ESAF Small Finance Bank Fixed Deposit (FD), it's important to understand the applicable rules and penalties:

No Interest for Early Closure:

• Regular or NRO Accounts: If closed within 7 days of opening, no interest will be paid.
• NRE Accounts: No interest will be paid if closed within 1 year of opening.

Premature Withdrawal Facility:

• To avoid closing your FD account, you can opt for the premature withdrawal facility. This allows you to withdraw a portion of your investment while keeping the account active and continuing to earn interest on the remaining balance.

Penalty on Early Withdrawal:

• If you withdraw your FD before its maturity, a reduced interest rate will be applied as a penalty.
• The penalty rate is determined based on the internal policies of ESAF Small Finance Bank.

Before proceeding with premature withdrawal, it’s advisable to review the bank’s specific policies to understand the potential impact on your returns. This ensures informed decision-making while managing your savings effectively.

Tax on ESAF Small Finance Bank FD Interest Income

Taxation on ESAF Small Finance Bank FD Interest: Key Details You Should Know

The interest earned from ESAF Small Finance Bank Fixed Deposit (FD) schemes is subject to taxation as per government norms. Here’s a breakdown of the taxation rules:

Tax Deducted at Source (TDS):

• Threshold Limits:
  • ₹40,000 per financial year for general account holders.
  • ₹50,000 per financial year for senior citizens.
• TDS Rates:
  • 10% TDS is deducted if PAN details are submitted.
  • 20% TDS applies for non-submission of PAN details.

Submission of PAN Details:
Providing your PAN at the time of account opening is crucial to avoid higher TDS deductions.

With competitive ESAF Small Finance Bank FD rates and flexible tenure options, these FDs are an excellent choice for growing your savings. However, it’s essential to check the latest interest rates, TDS implications, and other terms before investing. This ensures that your investment aligns with your financial goals while maximizing returns.

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