ESAF Small Finance Bank FD Calculator
FD Calculator ESAF Small Finance Bank in India Mar 2020
| Tenure | Rates | Maturity Amount for Rs. 1 Lakh |
|---|---|---|
| 7 days to 14 days | 5.50% to 6.00% | Rs. 100,105 - Rs.100,230 |
| 15 days to 59 days | 5.50% to 6.00% | Rs. 100,226 - Rs.100,970 |
| 60 days to 90 days | 6.25% to 6.75% | Rs. 101,027 - Rs.101,664 |
| 91 days to 181 days | 6.75% to 6.25% | Rs. 101,683 - Rs.103,123 |
| 182 days | 6.00% to 6.50% | Rs. 103,014 - Rs.103,267 |
| 183 days to 363 days | 7.50% to 8.00% | Rs. 103,796 - Rs.108,196 |
| 364 days | 6.25% to 6.75% | Rs. 106,380 - Rs.106,903 |
| 365 days to 545 days | 8.00% to 8.50% | Rs. 108,243 - Rs.113,382 |
| 546 days | 6.25% to 6.75% | Rs. 109,721 - Rs.110,531 |
| 547 days to 727 days | 8.00% to 8.50% | Rs. 112,604 - Rs.118,238 |
| 728 days | 6.50% to 7.00% | Rs. 113,724 - Rs.114,845 |
| 729 days to 909 days | 7.75% to 8.25% | Rs. 116,568 - Rs.122,552 |
| 910 days | 6.50% to 7.00% | Rs. 117,439 - Rs.118,888 |
| 911 days to 1091 days | 7.75% to 8.25% | Rs. 121,116 - Rs.127,646 |
| 1092 days | 7.00% to 7.50% | Rs. 123,074 - Rs.124,895 |
| 1093 days to 1273 days | 7.30% to 7.80% | Rs. 124,188 - Rs.130,920 |
| 1274 days | 7.00% to 7.50% | Rs. 127,407 - Rs.129,610 |
| 1275 days to 1455 days | 7.30% to 7.80% | Rs. 128,750 - Rs.136,062 |
| 1456 days | 7.00% to 7.50% | Rs. 131,893 - Rs.134,502 |
| 1457 days to 1637 days | 7.30% to 7.80% | Rs. 133,479 - Rs.141,405 |
| 1638 days | 7.00% to 7.50% | Rs. 136,536 - Rs.139,579 |
| 1639 days to 1819 days | 7.30% to 7.80% | Rs. 138,382 - Rs.146,958 |
| 1820 days | 7.00% to 7.50% | Rs. 141,343 - Rs.144,847 |
| 1821 days to 3653 days | 7.30% to 7.80% | Rs. 143,464 - Rs.216,653 |
ESAF Small Finance Bank Fixed Deposit Calculator
ESAF Small Finance Bank, a leading Small Finance Bank in India offers attractive interest rates upto 8.00% on its fixed deposits.
FD maturity amount that you will get depends upon
- Deposit amount
- Rate of interest
- FD tenure
- Compounding frequency
- TDS applicability and TDS rate
ESAF Small Finance Bank Fixed Deposit Interest Calculator
- In a periodic interest payout option, ESAF Small Finance Bank would transfer the interest earned at each interval (say, quarterly) to your bank account. The interest would remain the same across the life of the deposit. On maturity, unless the deposit is renewed, would transfer the principal amount to your bank account.
- In case you opt for a ESAF Small Finance Bank cumulative deposit, on maturity you would get a credit for the principal and interest earned net of TDS.
- Calculate the FD maturity amount using the FD calculator.
Tax on Fixed Deposit ESAF Bank
- In case the interest earned by you across all your fixed deposits across all branches of ESAF Small Finance Bank in a year exceeds 40,000, the bank must deduct TDS at 10%. In case your IT PAN is not updated in the ESAF Small Finance Bank records, it must deduct twice the TDS at 20%. So, do remember to update your PAN on your FD.
- Sorry, but we aren’t done with tax yet. This was only the TDS. Now, you would need to add the interest income on all your ESAF Small Finance Bank FD’s and other FD’s to your taxable income for the year. Based upon your tax bracket, income tax is payable on this income. Remember that you must estimate the interest income and all your other incomes and, based on this, pay advance tax on advance tax payment dates (15th Sep, 15th Dec, 15th March and 31st March).
- ESAF Small Finance Bank will also issue you a Form 16A giving details of tax deducted on FD interest and tax deposited by it with government treasury. The TDS amount deposited by the bank with Income Tax Department can be verified in your 26AS statement available online on IT department website or through your net banking account. You can claim credit for the TDS amount in your annual Income Tax Return.
ESAF Small Finance Bank FD Interest Rate Calculator
- Keep your KYC documents - PAN card, address proof and photo ready.
- To know more or apply, contact any of the branches of ESAF Small Finance Bank in your city
ESAF Small Finance Bank Fixed Deposit during Coronavirus
RBI has announced a repo rate cut of 75 bps in response to coronavirus lockdown. In response to this rate cut, ESAF Small Finance Bank may reduce FD rates in the near future which could adversely impact the interests of fixed depositors.
Frequently Asked Questions on FD Calculator ESAF Small Finance Bank
You can earn a maximum interest of 6.25% on ESAF Small Finance Bank fixed deposit.
How is ESAF Small Finance Bank FD interest calculated?The formula to calculate interest on ESAF Small Finance Bank FD is
A = P(1+r/n)^nt
Here: A = Maturity amount
P = Invested amount
r = Interest rate as decimal
n = number of times interest is compunded
t = tenure of deposit
However, you can use online FD calculator to estimate the value of interest earned on the deposited amount.
