ESAF Bank FD Calculator | Check Interest & Maturity Amount

Total Investment :

₹

Rate of Interest (p.a) :

Time Period :

Maturity Date	:
Invested Amount	: ₹10,000
Interest Amount	: ₹666
Maturity Amount	: ₹10666

Invested Amount Interest Amount

Use the ESAF Small Finance Bank FD Calculator for easy insight into fixed deposit investments. This tool simplifies interest and maturity value calculations, helping you make smarter investment decisions. Understand potential returns on ESAF FDs and make wise financial choices effortlessly!

ESAF Fixed Deposit Rates

ESAF provides competitive FD rates for domestic fixed deposits below Rs 2 crore. The table below displays the diverse ESAF Small Finance Bank FD interest rates for the general public and senior citizens, categorized by deposit tenure for a comprehensive overview.

Period	Interest for Regular Citizens (p.a.)	Interest for Senior Citizens (p.a.)
7 days to 14 days	4.00	4.50
15 days to 59 days	4.50	5.00
60 days to 90 days	5.00	5.50
91 days to 182 days	5.25	5.75
183 days to 1 year	6.00	6.50
1 year 1 day to less than 2 years	7.75	8.25
2 years to less than 3 years	8.25	8.75
3 years to less than 5 years	6.75	7.25
5 years to 10 years	6.25	6.75

Read Less

*Note- Check with the bank for the most current rate information.

How to Use ESAF FD Calculator

By following a few simple steps, you can get an approximate maturity amount. Additionally, you have the flexibility to experiment with various variables to align with your financial preferences and goals.

Use the ESAF FD Calculator for better decision-making by following these easy steps:

Step 1: Visit the FD calculator page.
Step 2: Enter the principal amount for the fixed deposit.
Step 3: Choose your desired interest rate and tenure.
Step 4: Examine the results and explore different investment scenarios by adjusting the initial amount and duration.

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Benefits of ESAF FD Calculator

The ESAF FD Calculator extends various advantages to individuals seeking to invest in fixed deposits. Below are some key benefits:

Precision: Ensures accurate interest and maturity calculations for effective financial planning.
Time-Efficient: Swiftly determines potential returns, saving investors time on complex manual calculations.
Versatility: Allows input of deposit amount, tenure, and interest rate for exploring different investment scenarios.
Comparative Analysis: Facilitates easy comparison of fixed deposit options based on interest rates and tenures.
Financial Planning: Provides a clear picture of maturity amounts, aiding investors in goal-setting and decision-making.
Clarity: Ensures transparency in the investment process, eliminating confusion or surprises.
Convenient Access: Investors can easily calculate and assess fixed deposits anytime, anywhere with the online FD calculator for ESAF.

Formula to Calculate ESAF FD Maturity Amount

ESAF Fixed Deposits offer a path to grow your savings. Utilize the convenient ESAF FD Calculator for swift maturity amount calculations, making financial planning effortless. Alternatively, apply the provided formula for manual calculations.

A = P [(1 + r/n)nt

where,
A = maturity amount,
P = principal amount,
r = annual interest rate,
n = number of times interest is compounded per year,
t = Tenure in years.

Now, input the values of a ₹2,00,000 fixed deposit maintained for 3 years at ESAF, featuring a quarterly compounding annual interest rate of 6.75%, in the equation to calculate the results.

A = 2,00,000 * [1 + 0.0675/4]^(4*3) ]

Calculating the value:
A = 2,44,479

So, the estimated maturity amount for the ₹2,00,000 fixed deposit after 3 years at ESAF, with quarterly compounding at an annual interest rate of 6.75%, is approximately ₹2,44,479

ESAF FD Interest Calculation

Once you know the maturity amount, it is very simple to calculate the total interest earned. Use this easy formula to determine the total interest after you know the whole maturity amount:

Total Interest = Maturity Amount - Principal Amount

The total interest based on the previous calculation is:

Total Interest = ₹2,44,479 - ₹2,00,000

Total Interest = ₹44,479

A ₹2,00,000 Fixed Deposit with ESAF, compounded quarterly at a 6.75% annual interest rate over 3 years, would yield around ₹44,479 in interest.

Also, check Other Small Finance Banks FD Calculators from below:

AU Bank FD Calculator	Equitas Bank FD Calculator
Fincare Bank FD Calculator	Ujjivan Bank FD Calculator
Utkarsh Bank FD Calculator	–

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Frequently Asked Questions

The interest rates for FDs in ESAF vary from 4.00% (p.a.) to 8.25% (p.a) based on the deposit tenure. Check this page and the official website for updated details.

Yes, senior citizens may receive additional interest rate benefits on ESAF FDs.

The minimum and maximum investment amounts for ESAF FDs may differ; specific details can be obtained from ESAF.

The interest rate for ESAF Fixed Deposit is usually compounded quarterly.

Yes, the calculator allows you to compare different FD interest rates and tenures.

Yes, the calculator shows the maturity amount, including interest, for various tenures.

Tax implications on interest earned from ESAF FDs can be determined based on prevailing tax regulations; consult a tax professional for accurate information.

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