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Online ESAF Bank Savings Account Opening

Open ESAF Bank Saving Account

Last Updated 22nd Jan 2021

Interest Rate 4.00% - 7.00%
Minimum Balance Requirement Rs. 1,000
Cash Withdrawal Limit Rs. 50,000
ATM Transaction Charges The first 3 transactions (inclusive of financial and non-financial) in 6 metro locations in a month will be without any charge. Similarly, the first five transactions (inclusive of financial and non-financial)in all other locations in a month will be free
Debit Card Classic and platinum Debit Card
Apply for Savings Account

ESAF Bank Savings Account Opening

ESAF Small Finance Bank Savings accounts in ESAF Bank can be opened online or offline. To open ESAF Bank offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening ESAF Bank Savings Account Online

To open the savings account online in ESAF Bank, you have to follow these steps:

  • Step 1: First, visit the official website of ESAF Bank.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: ESAF Bank’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, ESAF Bank will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open ESAF Bank Savings Account at Branch

To open a savings account with ESAF Bank at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in ESAF Bank

You have to fulfil the following eligibility criteria to open a savings account in ESAF Bank:

  • Resident Indians of 18 years of age and above.

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How can I open a savings account in ESAF Bank?

You can open a savings account in ESAF Bank either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in ESAF Bank?

Yes, you can open a savings account online, by applying for it through the ESAF Bank’s official website.

What is the minimum balance in ESAF Bank?

The minimum balance required to open a savings account in ESAF Bank is Rs. 1,000.

*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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