Last Update: November 06, 2022, 11:45 IST
FDs with tenures ranging from 15 to 59 days will be eligible for an interest rate of 4.50 per cent.
This special FD plan can be availed for subscription till November 30
ESAF Small Finance Bank (ESAF SFB) has launched a special 999-days fixed deposit scheme, which offers an interest rate of up to 8 per cent for the general public. Senior citizens will be eligible for an additional 0.50 percent return rate. Subscription of this special FD plan can be taken till November 30.
The bank has announced the amendment saying that for fixed deposits, maturing in 7 to 14 days, it will offer an interest rate of 4 per cent with effect from November 1. FDs with tenure of 15 to 59 days will be eligible for 4.50. Percentage interest rate while 5 percent interest will be given on deposits maturing in 15 to 59 days. An interest rate of 5.25 per cent will be offered on fixed deposits maturing in 91 to 182 days.
The bank will offer an interest rate of 5.50 per cent on deposits with tenors ranging from 183 days to one year and 6.60 per cent on deposits maturing in less than 1 year and 1 day to two years. For fixed deposits maturing in 2 years to 998 days, they will now pay an interest rate of 7.25 per cent and an interest rate of 8 per cent on fixed deposits maturing in 999 days. In addition, deposits maturing in 1000 days or less than 3 years will attract an interest rate of 7.25 per cent, and for tenures ranging from 3 years to less than 5 years will now fetch an interest rate of 5.75 per cent. Fixed deposits for a tenure of 5 to 10 years will earn interest at the rate of 5.25 percent.
Senior citizen FD account holders will be eligible for an additional 0.50 percent interest at the bank’s normal rates. Rates are applicable for all deposits of Rs 2 crore or less.
ESAF SFB on its official website has also mentioned that these interest rates are applicable for new resident fixed deposit and renewal of existing resident fixed deposit as well.
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