ESAF Small Finance Bank - Personal Banking, NRI Banking, Micro-Banking Services Fixed Deposit Apply Online – ESAF Small Finance Bank
Due to scheduled maintenance activities, there may be intermittent service interruptions to our Internet and Mobile Banking Services on 21st March 2026 between 12:00:00 AM and 03:00:00 AM IST, and ESAF UPI, BBPS services may be interrupted intermittently on 20th March 2026 between 01:00:00 AM and 06:00:00 AM IST. Inconvenience caused, if any, is deeply regretted.|As per NPCI guidelines, the RuPay Platinum Debit Lounge Program will be discontinued with effect from 1st April 2026. For more details, kindly contact your branch.
Login
#



    Senior Citizen Fixed Deposit

    An ideal low-risk investment to ensure financial security post retirement.


    Senior Citizen Fixed Deposit is a fixed deposit offered by the Bank to individuals who are 60 years and above. This Fixed Deposit offers higher interest rates, making it a safe and reliable investment choice with stable and assured returns.

    Why choose a Senior Citizen FD?

    Higher returns

    Easy to liquidate

    Low risk investment

    Flexible tenure options

    Senior Citizen Fixed Deposit – Benefits

    Higher Interest Rates:

    • Additional 0.50% in rate of interest in all kinds of Fixed Deposits.

    Interest Pay-outs Options (Senior Citizen Can Choose Between):

    • Cumulative FD – Interest is compounded and paid at maturity.
    • Non – Cumulative FD – regular pay-outs (monthly / quarterly).

    Tax Benefits:

    • 5-year tax savings FDs qualify for Section 80C deductions.
    • Senior citizens can claim tax deduction up to 50,000 on interest income from term deposit accounts.

    Loan Facility:

    • Senior citizen can avail loans against Fixed deposit.

    Auto Renewal Option:

    • Automatic renewal upon maturity unless otherwise specified.

    Premature Withdrawal:

    • Possible with a penalty.

    Why Choose ESAF Small Finance Bank?

    • Special counters for Senior citizens in all ESAF Bank branches.
    • Doorstep Banking.
    • Preferential services.
    • Dedicated Relationship Officers.

    *Terms and conditions apply. Credit at the discretion of ESAF Small Finance Bank.

    x

    By using the website you accept and agree to be bound by the terms mentioned in the website policy available here. If you do not agree to these terms, please refrain from using the website.