ESAF Small Finance Bank Savings Account

Last Updated : March 4, 2025, 5:10 p.m.

ESAF started its journey in 1992. The primary focus of this bank is to cater to unbanked or rural areas where banking facilities are not available. There is a finance literacy programme run by ESAF bank to enhance the quality of spending and educate people on banking and finance. The bank offers the latest banking technology services like ATMs, internet banking, mobile banking, etc. In this article, we will take a deeper look into the ESAF Small Finance Bank savings account as a product offered by ESAF Bank.

ESAF Small Finance Bank Savings Account Interest Rates 2026

Below are the savings account interest rates offered by ESAF Small Finance Bank.

Types of ESAF Small finance Bank Savings Account

Below are the savings accounts offered by ESAF Small Finance Bank.

Eleganza - This savings account type has the following features.

• Free exclusive insurance package
• Seasonal offers on debit card
• Domestic and international lounge access
• Platinum debit card
• Average monthly balance of Rs. 1 lakh
• Free chequebook and unlimited non-cash transactions
• Cash withdrawal limit at ATM is Rs 1 lakh
• POS limit is Rs. 2 lakh

Pradham - This savings account has unique features that make this a customer's favourite.

• Monthly average balance Rs. 25,000
• Platinum/ classic debit card
• Insurance benefits
• 50 cheques for half a year
• Unlimited cash transactions

Royale - Some of the features of this savings account are:

• Monthly average balance of Rs. 10,000
• Free unlimited transactions
• Mobile and net banking available
• Nomination facility available
• RTGS and NEFT are free of charge
• Unlimited cash withdrawal

Mahila Sree - This savings account is specially designed fo women.

• Monthly average balance of Rs. 1,000
• Unlimited debit card transactions
• Platinum/classic debit card
• NEFT/RTGS is free of charge
• Net banking available
• Chequebook facility available
• Standing instruction facility available

Pragathi - This savings account is targeted for mass individuals who are residents of India.

• Monthly average balance of Rs. 2,000
• Free unlimited bank transactions
• Free NEFT/RTGS transactions
• Free passbook issuance
• Free accidental insurance
• Seasonal debit card offers

LALIT Plus (BSBDA) - This is a top zero balance savings account with facilities like debit card, cash deposit and withdrawal.

• Rupay classic debit card
• Free NEFT/RTGS
• Free cash deposit and withdrawal at any ESAF branch
• ATM limit of Rs. 20,000

LALIT BSBDA - This is a zero balance savings account. The account balance should not exceed Rs. 50,000 at any point. Aggregate balance should not exceed Rs. 1 lakh. Aggregate debits should not exceed Rs. 10,000.

• Free unlimited ATM transactions
• Daily withdrawal limit of Rs. 10,000 for ATMs
• Monthly interest payout
• Free NEFT/RTGS facility.

Senior Citizen - This is a savings account designed for senior citizens and making banking simple for them.

• Monthly average balance of Rs. 2,000
• Rupay platinum/classic card
• Unlimited cash transactions
• Free NEFT/RTGS facility
• Insurance benefits
• Lounge access program
• Internet and net banking available
• SMS banking available

Student - This savings account is designed for the benefit of students.

• Monthly average balance Rs. 1,000
• ATM cash withdrawal limit of Rs. 5,000
• POS limit of Rs. 10,000
• Unlimited cash transactions
• Free NEFT/RTGS facility
• Free domestic and international lounge access.

Balajyothi - This savings account is designed especially for minors. It is one of the top savings accounts for minors.

• Minimum monthly balance of Rs. 1,000
• Unlimited cash transactions
• Rupay classic debit card
• ATM withdrawal per day Rs. 5,000
• POS per day Rs. 10,000
• Free RTGS/NEFT transactions
• Insurance coverage
• Free domestic and international lounge access.

Krishak Bandhu - This is a zero balance account designed with an aim to help the farmers.

• Unlimited cash transactions
• Free unlimited ATM transactions
• RTGS/NEFT is free of charge
• Platinum / classic debit card
• Insurance benefits available.

Zero Balance - This is one of the top zero balance accounts.

• Free unlimited ATM transactions
• Rupay classic debit card
• Unlimited cash transactions
• Internet and mobile banking available
• Free NEFT/RTGS available
• Insurance benefits available

Institutional Business - This savings account is aimed for the benefit of charitable organisations, trusts, non-profit organisations.

ESAF Small Finance Bank Savings Account Benefits

Some of the benefits of ESAF Small Finance Bank are -

• RTGS/NEFT facilities
• Nomination facilities
• Safe locker deposits available
• Competitive interest rates
• Special accounts for senior citizens
• Zero balance accounts
• Low monthly average balance requirements.

Documents Required for ESAF Small Finance Bank Savings Account

All necessary KYC documents are required to open an ESAF Small Finance Bank savings account.

• Proof of identity - PAN card, Aadhar card, passport, driving license
• Proof of residence - Aadhar card, utility bill, passport
• Proof of salary from employer - salary slip, payment proof
• Recent photographs

What is the Minimum Balance for ESAF Small finance Bank Savings Account?

ESAF Small Finance Bank offers many zero balance accounts but the average monthly balance for others ranges from Rs. 1,000 to Rs. 1 lakh.

How to open a Savings Account in ESAF Small Finance Bank?

If you want to open a savings account in ESAF Small Finance Bank, you can do it online or offline.

If you choose the online option, you can navigate to the bank's website and choose to open an account. After you fill in all the required information, you can expect a call back from the bank to guide you through the full account opening process.

You can also visit the nearest ESAF Small Finance Bank with the applicable KYC documents and open an account.