ESAF Small Finance Bank vs State Bank of India Fixed Deposit Comparison 2026
Compare Fixed Deposit interest rates, maturity amounts, and features between ESAF Small Finance Bank (Private Sector) and State Bank of India (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
ESAF SFB
SBI
Adjust the parameters below to see how returns compare between the two banks
Five Lakhs rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -ESAF SFB: % |SBI: %
Direct comparison of general rates
Feature Comparison
Features | ESAF SFB Private Sector | SBI Public Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Key Advantages:
Key Advantages:
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between ESAF SFB (₹5L) + SBI (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine ESAF SFB (convenience) with SBI (security)
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Small Finance Bank with competitive rates
- •High FD rates up to 7.75% for senior citizens
- •Focus on financial inclusion
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Largest branch network in India
- •Government backing and security
- •Online FD booking available
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use ESAF SFB for convenience
- •Use SBI for stability
- •Review rates periodically
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