ESAF Interest Rates: FD 8.00%, RD 7.75%, Savings 8.00%

ESAF FD rates

1 year6.00%Senior 6.50%3 years6.00%Senior 6.50%5 years5.75%Senior 6.25%

All tenures, calculator and comparison →

What will my FD earn at ESAF?

Deposit amount (₹)

Term

Customer

Estimated value after 1 year · before tax ₹5,30,682 6.00% p.a. · ₹30,682 interest · quarterly compounding

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Monthly deposit (₹)

Term

Customer

—

Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

ESAF Small Finance Bank (ESAF) is a small finance bank, headquartered in Thrissur, established in 2017. Its headline 1-year FD rate of 6.00% is 0.98% below the small finance bank average of 6.98%, ranking #817 of 1033 banks on RateScan.in.

Headquarters

Thrissur

Established

2017

Monitored since

22 Sept 2026

Ownership

Private (small finance bank)

Operates in

Andhra Pradesh, Assam, Bihar, Chhattisgarh + 21 more states

Financial health

CRAR

19.20%

Capital adequacy

Net NPA

3.70%

Bad loans (net)

Credit rating CARE

A-

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 17 Aug 2026, verified from official source. Scheduled small finance bank (RBI-licensed): deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names ESAF Small Finance Bank, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

12 Jan 2024

RBI fined the bank ₹29.55 lakh
RBI's reason: “for non-compliance with the directions issued by RBI on ‘Customer Service in Banks’”
What RBI found
“Non-compliance with the aforesaid directions by the bank to the extent it (i) allowed its certain Basic Savings Bank Deposit (BSBD) account holders to open savings bank deposit account; and (ii) failed to close certain savings bank deposit accounts within thirty days from the date of opening of BSBD accounts for such customers.”
RBI says: “This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”
RBI press release 2023-2024/1668

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

832 branches in 285 districts

Most branches: Palakkad 66, Malappuram 62, Thrissur 38

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

ESAF rates

Every rate, tenure by tenure, and what your money grows to.

Fixed Deposit8.00%Senior citizens 8.50% · 800 daysSee rates →Recurring Deposit7.75%2 years to 799 daysSee rates →Savings Account8.00%See rates →

Compare ESAF FD rates with banks near you →

ESAF Fixed Deposit rate changes

Changes to ESAF's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 22 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

26 Sept 2026

▼ 4 cut−1.40 to −1.05 pp

1095–1824 days · General7.40% → 6.00% 1.40 pp
1095–1824 days · Senior7.90% → 6.50% 1.40 pp
1825–3650 days · General6.80% → 5.75% 1.05 pp

Show all 4 changesShow fewer

1825–3650 days · Senior7.30% → 6.25% 1.05 pp

See all ESAF rate changes →

Credit rating

What independent credit rating agencies say about ESAF Small Finance Bank. Every rating links to the document it comes from, so you can check it yourself.

A-

Headline rating

Subordinated (Tier II) debt · CARE · Stable

Adequate safety: low credit risk

Latest rating action: 1 Sept 2026

Agency	Instrument	Rating	Outlook	Published	Source
CARE	Subordinated (Tier II) debt Lower Tier II and Tier II bonds reaffirmed; outlook revised to Stable from Negative	A-	Stable	Outlook revised 1 Sept 2026	Exchange filing

Note: CARE is the only agency for which we found a current rating on ESAF's bonds. We found no current CRISIL or ICRA rating.

How to read these ratings

Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

Deposits with ESAF Small Finance Bank are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
ESAF is a small finance bank licensed and regulated by the RBI.
Senior citizens (60+) earn up to 0.50% p.a. more than general customers at ESAF, depending on the tenure.
ESAF's FD table includes 2 special schemes; check eligibility and end dates.

Informational only. Always confirm the current rate on the official ESAF website before investing. Bank names and associated colors are used for identification purposes only. All bank names, logos, and trademarks are the property of their respective owners. RateScan.in is not affiliated with, endorsed by, or sponsored by any bank.

ESAF Small Finance Bank interest rates · November 2026