Interest Rates
Deposits
Interest Rates for FCNR (B) Deposits
| FCNR (B) Deposit Interest Rates ( w.e.f 01/09/2026 ) | ||
|---|---|---|
| FCNR Interest Rate Tenor | For amounts less than USD 500,000/- (% p.a.) | For amounts of USD 500,000/- & above (% p.a.) |
| 12 Months | 5.00 | 5.10* |
| 12 months 1 day | 5.10 | 5.20* |
| 12 months 2 day to less than 24 months | 5.00 | 5.10* |
| 24 months to less than 36 months | 4.50 | 4.60* |
| 36 months to less than 48 months | 4.00 | 4.10* |
| 48 months to 60 months | 4.00 | 4.10* |
Notes:
i. Minimum Tenor is 1 year and Maximum Tenor is 5 years as per guidelines.
ii. FCNR (B) Deposits with value of USD 500,000/- and above is eligible for additional interest of 0.10%.
iii. Penalty for premature closure will be applicable, as per guidelines.
iv. No recurring deposits shall be accepted under the FCNR (B) Scheme.
v. Rates of interest are subject to revision periodically.
vi. For help, email to customercare@esaf.bank.in.
Interest Rates for Savings Bank accounts (Resident, NRO & NRE)
| Savings Bank Account- Slab | Rate of Interest effective from 01st June 2026 |
|---|---|
| Up to and including Rs.1 lakh | 2.50% |
| Above Rs.1 lakh and Up to Rs. 2 lakhs (i.e., for incremental amount above Rs. 1 lakh) | 3.00% |
| Above Rs.2 lakh and Up to Rs. 5 lakhs (i.e., for incremental amount above Rs. 2 lakh) | 5.00% |
| Above Rs.5 lakh and Up to Rs. 15 lakhs (i.e., for incremental amount above Rs. 5 lakh) | 5.50% |
| Above Rs.15 lakh and Up to Rs. 1 Crore (i.e., for incremental amount above Rs. 15 lakh) | 6.50% |
| Above Rs.1 Crore and Up to Rs. 15 Crore (i.e., for incremental amount above Rs. 1 Crore) | 7.00% |
| Above Rs.15 Cr and Including Rs. 100 Cr (i.e., for incremental amount above Rs. 15 Cr) | 7.50% |
| Above Rs.100 Crore (i.e., for incremental amount above Rs.100 Crore) | 8.00% |
Notes:
- Interest on Savings Bank accounts will be calculated on end of the day balance and credited to the accounts on a monthly basis.
- Rates of interest are subject to revision periodically.
Interest Rates for Resident Fixed Deposits (Less than Rs.300 lakhs)
| Rate of Interest effective from 17/08/2026 | ||
|---|---|---|
| Slab Proposed for FD (Less than 3Cr) | Normal Rate (%) | Rate for Senior Citizens (%) |
| 7 days upto 14 days | 2.75 | 3.25 |
| 15 days to less than 2 months | 3.25 | 3.75 |
| 2 months to less than 3 months | 3.75 | 4.25 |
| 3 months upto 6 months | 4.00 | 4.50 |
| 6 months 1 day to 12 months | 6.00 | 6.50 |
| 12 months 1 day to 500 days (16 months 12 days) | 7.25 | 7.75 |
| 501 days (16 months 13 days) | 7.50 | 8.00 |
| 502 days (16 months 14 days) to less than 24 months | 7.25 | 7.75 |
| 24 months to 799 days (26 months 7 days) | 7.75 | 8.25 |
| 800 days (26 months 8 days) | 8.00 | 8.50 |
| 801 days (26 months 9 days) to less than 36 months | 7.75 | 8.25 |
| 36 months to less than 60 months | 6.00 | 6.50 |
| 60 months to upto 120 months | 5.75 | 6.25 |
Notes:
- Interest rates as above are applicable for new Resident Fixed deposits and renewal of existing Resident Fixed deposits.
- Income Tax deduction at source from the interest paid on Resident fixed deposits will be made, wherever applicable, as per the Income Tax rules.
- The minimum tenor for Resident Fixed deposits is 7 days.
- No interest would be payable for Resident fixed deposits prematurely withdrawn before completion of a period of 7 days from the date of deposit.
- Pre-mature closure of Resident fixed deposit attracts a penal provision of 1%, applied on the rate of interest applicable for the completed period, prevailing on the date of opening of the deposit.
- The interest rate applicable on premature closure of Resident fixed deposits will be (a) or (b)
below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit.
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - Rates of interest are subject to revision periodically.
- For help, email to customercare@esaf.bank.in.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 300 lakhs and above.
| Rate of Interest effective from 17/08/2026 | ||
|---|---|---|
| Slab Proposed for RD | Normal Rate (%) | Rate for Senior Citizens (%) |
| 1 Month to less than 2 months | 3.25 | 3.75 |
| 2 Months to less than 3 months | 3.75 | 4.25 |
| 3 Months to less than 6 months | 4.00 | 4.5 |
| 6 Months to less than 12 months | 6.00 | 6.5 |
| 12 Months to less than 24 months | 6.00 | 6.5 |
| 24 Months to less than 36 months | 7.75 | 8.25 |
| 36 Months to less than 60 months | 6.00 | 6.5 |
| 60 Months to 120 months | 5.75 | 6.25 |
- For Resident and NRO ( Non Resident Ordinary ) - Tenure of RD should be in multiples of 3 months - minimum of 6 months and maximum of 120 months
- For NRE ( Non Resident External ) - Tenure of RD should be in multiples of 3 months - minimum of 12 months and maximum of 120 months
- For Non Resident Ordinary (NRO) and Non Resident External (NRE) Recurring Deposits, Senior Citizen additional interest rate is not applicable
Interest Rates for Non-Resident Ordinary (NRO) fixed deposits (Less than Rs.300 lakhs)
| Rate of Interest effective from 17/08/2026 | |
| Period | NRO fixed deposits (%) |
| 7 days to 14 days | 2.75 |
| 15 days to less than 2 months | 3.25 |
| 2 months to less than 3 months | 3.75 |
| 3 months to 6 months | 4.00 |
| 6 months 1 day to 12 months | 6.00 |
| 12 months 1 day to 500 days (16 months 12 days) | 7.25 |
| 501 days (16 months 13 days) | 7.50 |
| 502 days (16 months 14 days) to less than 24 months | 7.25 |
| 24 months to 799 days (26 months 7 days) | 7.75 |
| 800 days (26 months 8 days) | 8.00 |
| 801 days (26 months 9 days) to less than 36 months | 7.75 |
| 36 months to less than 60 months | 6.00 |
| 60 months to 120 months | 5.75 |
Notes:
- Interest rates as above are applicable for new NRO fixed deposits and renewal of existing
NRO fixed deposits. - Rate of interest applicable for NRO fixed deposits of Senior Citizens is the same as above.
- Income Tax deduction at source from the interest paid on NRO fixed deposits will be made, as per the Income Tax rules.
- The minimum tenor for NRO fixed deposits is 7 days.
- No interest would be payable for NRO fixed deposits prematurely withdrawn before completion of a period of 7 days from the date of deposit
- Pre-mature closure of NRO fixed deposit attracts a penal provision of 1%, applied on the rate of interest applicable for the completed period, prevailing on the date of opening of the deposit
- The interest rate applicable on premature closure of NRO fixed deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
a) The rate of interest for the original/contracted tenor of the deposit
b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - Rates of interest are subject to revision periodically.
- For help, email to nrihelpdesk@esaf.bank.in.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 300 lakhs and above.
Interest Rates for Non-Resident External (NRE) fixed deposits (Less than Rs.300 lakhs)
| Rate of Interest effective from 17/08/2026 | |
| Period | NRE fixed deposits (%) |
| 12 months | 6.00 |
| 12 months 1 day to 500 days (16 months 12 days) | 7.25 |
| 501 days (16 months 13 days) | 7.50 |
| 502 days (16 months 14 days) to less than 24 months |
7.25 |
| 24 months to 799 days (26 months 7 days) | 7.75 |
| 800 days (26 months 8 days) | 8.00 |
| 801 days (26 months 9 days) to less than 36 months | 7.75 |
| 36 months to less than 60 months | 6.00 |
| 60 months to 120 months | 5.75 |
- Interest rates as above are applicable for new NRE fixed deposits and renewal of existing NRE fixed deposits.
- Rate of interest applicable for NRE fixed deposits of Senior Citizens is the same as above.
- The minimum tenor for NRE fixed deposits is 1 year.
- No interest would be payable for NRE fixed deposits prematurely withdrawn before completion of a period of 1 year from the date of deposit.
- Pre-mature closure of NRE fixed deposit attracts a penal provision of 1%, applied on the rate of interest applicable for the completed period, prevailing on the date of opening of the deposit.
- The interest rate applicable on premature closure of NRE fixed deposits will be (a) or (b)
below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit.
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - Rates of interest are subject to revision periodically.
- For help, email to nrihelpdesk@esaf.bank.in.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 300 lakhs and above.
Bulk Deposits
Loans
Marginal Cost of funds based Lending Rate (MCLR)
&
Repo Rate based Lending Rate (RRLR)
| Tenure | Rate in (%) Per annum | |
|---|---|---|
| MCLR | Overnight MCLR | 11.98 |
| One Month MCLR | 12.00 | |
| Three Months MCLR | 12.09 | |
| Six Months MCLR | 12.34 | |
| One Year MCLR | 12.83 | |
| RRLR | 5.50% + Spread | |
Notes:
- MCLR shown above will be applicable for all MCLR-linked loans and advances with effect from 17-10-2026.
- RRLR shown above would be applicable with effect from 08-10-2026 for all Floating Rate loans and all Fixed Rate loans of tenor 3 years & above which are linked to RBI Repo Rate.
- MCLR and RRLR as above will remain in force till next review.
- MCLR and RRLR are not applicable to exempted categories of loans and advances as prescribed by Reserve Bank of India from time to time
- Reset of interest rates for existing Floating Rate loans which are linked to RRLR, will be effected as per the terms and conditions mentioned in the sanction letter
| Interest Rate Methodology | Loan Type and Tenor | Benchmark Applicable | Range of Spread from Benchmark (Minimum Spread to Maximum Spread) |
|---|---|---|---|
| Fixed Rate | Microfinance Loans with Tenor Less than 3 years | MCLR | 12.67% - 13.17% |
| All categories of Loans with Tenor 3 years and above | Repo Rate | 6.25% to 19.50% | |
| Floating Rate | All categories of Floating Rate Loans for all Tenors | Repo Rate | 4.26% to 11.85% |
Notes:
- Mean Interest Rate for all Retail Loans disbursed during February-2020 : 13.02% (Excludes Loans/Overdrafts against fixed deposits).
- The borrower/applicant will be advised of the effective lending rate applicable to the category of loan, by the concerned Branch of ESAF SFB.
- Interest rates for Micro Finance Loans
| The below interest rates are applicable from: | 17th October 2026 | ||
|---|---|---|---|
| Minimum Interest Rate | Maximum Interest Rate | Weighted Average rate of interest for Q2 FY 26-27 | |
| 25.50% | 26.00% | 25.99% | |
*Minimum & maximum interest will be w.e.f 17th October 2026.
Processing fees:
| Loan products | Processing fee |
|---|---|
| Microfinance loans | 1.5% of loan amount plus applicable GST for loans above Rs. 50000 |
