The interest rate offered by ESAF on its Fixed deposit (FD) ranges between 5.75% and 8%
As the fixed deposit (FD) interest rates offered by mainstream banks hover around 6.5% (for instance, SBI offers 6.4% on its one-year fixed deposits), there are small finance banks that include ESAF Small Finance Bank that offers a rate, which is as high as 8.75% for an average investor. Add 50 basis points interest if the investor happens to be a senior citizen. The rates offered by other small finance banks such as Utkarsh and AU Small Finance are 8.25% and 7.15%, respectively.
Also Read: Tax-Saving Bank Fixed Deposits (FDs) By SBI, ICICI Bank, HDFC Bank Explained
The State Bank of India (SBI) offers interest on one-year FD at the rate of 6.4%, lower than the small finance banks by at least 75 basis points, and by a maximum of 235 basis points.
AU Small Finance Bank: The interest rates offered by AU Small Finance Bank are in the range of 5.5% to 7.40% depending on the duration for which you make the fixed deposit (FD). One year long fixed deposit (upto 18 months) fetches an interest of 7.15%.
| TENURE BUCKETS | Interest Rate / Card Rate p.a. (%) | Senior Citizen Interest Rate p.a. (%) |
| 7 Days to 1 Month 15 Days | 5.50% | 6.00% |
| 1 Month 16 Days to 3 Months | 6.75% | 7.25% |
| 3 Months 1 Day to 6 Months | 6.90% | 7.40% |
| 6 Months 1 Day to 12 Months | 7.00% | 7.50% |
| 12 Months 1 Day to 18 Months | 7.15% | 7.65% |
| 18 Months 1 Day to 24 Months | 7.15% | 7.65% |
| 24 Months 1 Day to 36 Months | 7.25% | 7.75% |
| 36 Months 1 Day to 45 Months | 7.30% | 7.80% |
| 45 Months 1 Day to 60 Months | 7.40% | 7.90% |
| Above 60 Months* | 7.25% | 7.75% |
Utkarsh Small Finance Bank:| TENURES | | | INTEREST RATES (% P.A.) - W.E.F March 14, 2018 |
| | | | | | | |
| | | General Customers | | | Senior Citizens | |
| | | | | | |
| | | | | | | | |
| 7 Days to 15 days | 3.50% | 4.00% | |
| | | | |
| 16 Days to 28 Days | 3.50% | 4.00% | |
| | | | |
| 29 Days to 45 Days | 4.00% | 4.50% | |
| | | | |
| 46 Days to 90 Days | 4.50% | 5.00% | |
| | | | |
| 91 Days to 120 Days | 5.00% | 5.50% | |
| | | | |
| 121 Days to 179 Days | 5.50% | 6.00% | |
| | | | |
| 180 Days to 210 Days | 6.00% | 6.50% | |
| | | | |
| 211 Days to 270 Days | 7.00% | 7.50% | |
| | | | |
| 271 Days to less than 1 Year | 7.50% | 8.00% | |
| | | | |
| 1 Year to 455 Days | 8.25% | 8.75% | |
| | | | |
| 456 Days to less than 2 years | 8.50% | 9.00% | |
| | | | |
| 2 Years to less than 3 Years | 7.85% | 8.35% | |
| | | | |
| 3 Years to less than 5 Years | 7.00% | 7.50% | |
| | | | |
| 5 Years | 8.00% | 8.50% | |
| | | | |
| More than 5 Years to 10 Years | 7.00% | 7.50% | |
ESAF Small Finance Bank: | Retail Term Deposit (Less than INR 1 Cr) | Rate of Interest Applicable |
| from 1st April 2018 |
| Domestic | | |
| Tenure | Normal | Senior Citizen |
| 7 - 14 days | 5.75% | 6.25% |
| 15 - 59 days | 5.75% | 6.25% |
| 60 - 90 days | 6.50% | 7.00% |
| 91 - 179 days | 6.75% | 7.25% |
| 180 - 363 days | 7.50% | 8.00% |
| 364 days | 5.60% | 6.10% |
| 365 - 727 days | 8.75% | 9.25% |
| 728 days | 6.80% | 7.30% |
| 729 - 1091 days | 8.00% | 8.50% |
| 1092 days | 5.66% | 6.16% |
| 1093 - 1819 days | 7.00% | 7.50% |
| 1820 days | 5.65% | 6.15% |
| 1821 - 3652 days | 7.00% | 7.50% |
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