ESAF Net Banking - Smart, Secure, and Convenient Banking Solutions

Each year, more and more people opt for internet banking. In India, presently 295.5 million are using Internet banking. The growth rate is at 20% to 25% every year.

What does that indicate? So, the indication here is that the public trusts and relies on online banking.

For instance, internet banking through ESAF SFB allows people to make loan requests, deposit savings, and make statements in their accounts.

The ESAF SFB aims to be the best social bank in India, providing support to those families who cannot access banking easily. 

What is ESAF Bank?

ESAF originated as an NGO called Evangelical Social Action Forum in 1992. It became a small finance bank in 2017 and started operating in 2018. Located in Thrissur, Kerala, ESAF Small Finance Bank assists Indians with no convenient access to a bank account. They extend banking and small loan facilities to help improve the financial services of low-income households and facilitate increased access to banking for the unbanked.

Services offered by ESAF Bank Net Banking:

ESAF SFB's internet banking offers services like transactions, enquiries, requests, and more, focusing on a great self-service experience.

How to transfer money via ESAF Net Banking?

You can transfer money using NEFT, IMPS, or RTGS. 

The daily limits and charges for ESAF Small Finance Bank's net banking:

• NEFT: The minimum transfer amount is ₹ 1, and there are no charges.
  
  
• RTGS: The minimum transfer amount is ₹ 2,00,000 with no charges.
  
  
• IMPS: The minimum transfer amount is ₹ 1,00,000 with charges of ₹5+tax.
  
  
• UPI: The transaction limit is ₹ 20,000 per day.
  
  

How to register into ESAF Bank Net Banking:

Step 1: Visit the official page of ESAF Bank Net Banking.

Step 2: Locate ‘Personal Net Banking’ on the left side of the page and click on it.

Step 3: Locate ‘Login’ on the top of the page in the blue bar, click on it, and you will see 2 options: ‘Personal’ & ‘Corporate.’

Step 4: Click on ‘Personal’ and click on the ‘Login’ button.

Step 5: Redirected to the page, locate ‘New User Enrollment’ and click on it.

Step 6: On the next page, agree to the terms and conditions and click on the ‘Proceed’ button.

Step 7: On the next page, enter your details and click on the ‘Proceed’ button.

Step 8: Once you proceed, enter the OTP received on your registered mobile number.

Step 9: Enter the ‘Submit’ button.

Step 10: On the next page, create your User ID and password (please follow the password policy while generating the password).

Step 11: Click on the ‘Submit’ button.

How to log into ESAF Bank Net Banking?

Step 1: Visit the official page of ESAF Bank Net Banking.

Step 2: Locate ‘Login’(in the blue bar) on the top of the page, after clicking on it, click on ‘Personal’ for Personal Net Banking or click on ‘Corporate’ for Corporate Net Banking as per your preference.

Step 3: Click on ‘Login’ (in the red bar).

Step 4: In the next page, enter your User ID and captcha, and click on ‘Continue to Login’.

Disclaimer: If you don’t remember your USER ID, then call the customer care of ESAF SFB. Or, you can find the message when you register your account in the ESAF Bank. That message will contain your USER ID and password for login.

How to check a bank account balance online in ESAF Small Finance Bank?

Option 1: To check your account balance log into ESAF Net banking by using your Username and password; sign up for a new user if necessary. Once logged in, navigate to the ‘Account Balance’ section, check your balance and don’t forget to log out safely.

Option 2: You can also check your ESAF account balance by giving a missed call to 8592866639 or sending an SMS with the text "BAL" to 8086077575 or 9990016467.

Note: For any assistance or help please contact  (1800-103-3723).

ESAF Small Finance Bank Net Banking

Services offered by ESAF Small Finance Bank:

1. Savings Account: ESAF Small Finance Bank offers various types of savings accounts, from premium accounts to women, students, farmers, and senior citizens accounts, to cater to the needs of customers. We also have services for non-profit organisations and institutions.
   
   
2. Fixed Deposit: Earn good interest rates through investments in the regular and tax-saving FD accounts of ESAF Small Finance Bank with simple processes, eye-catching features, and attractive rates through which your FD account balance grows automatically. Let's bank together now—the fun's on.
   
   
3. Current Account: The bank offers multiple varieties of current accounts for businesses and entrepreneurs through the ESAF Small Finance Bank platform, including basic, classic, premium, and diamond accounts, all of which feature absolutely free monthly cash deposit limits, though the limits vary based on type.
   
   
4. Home Loans: A Dream Home Loan is a loan for constructing or purchasing a new house, flat, or villa, or even for renovating an existing property, which helps you achieve your dream home effortlessly.
   
   
5. Vehicle Loans: New car loans are available for buying new passenger cars or refinancing against a newly owned vehicle.
   
   

Conclusion:

ESAF Small Finance Bank offers a large number of banking services. It can provide services, from simple personal accounts and loans to investments and value-added banking services. The bank primarily targets individuals and businesses that may not have had easy access to banking, making it more convenient and reliable with various savings accounts, loans, and value-added services for everyone.

FAQs about ESAF Net Banking:

Q1. What are KYC requirements for opening a bank account?

You can open a bank account with proof of identity, proof of address, and a recent photograph.

Q2. If I do not have any of the documents listed above to show my ‘Proof of Identity,’ can I still open a bank account?

Yes, you can open a 'Small Account.' For this, you have to provide your recent photograph and get your signature or thumb impression before a bank official. In this, you can avail yourself of some basic banking services without full documentation.

Q3. If my name has been changed and I do not have any OVD in the new name, how can I open an account?

In case of opening an account after a name change due to marriage or for any other reason, a copy of the marriage certificate issued by the state government or a gazette notification showing such name change is necessary. Along with this, a copy of the 'Officially Valid Document' previously used by the applicant is also necessary.

Q4. Can I purchase a demand draft/payment order/travelers check against cash?

Demand drafts, payment orders, and traveller's cheques up to the value of Rs. 50,000 can be bought in cash. Over Rs. 50,000, they are available only through account debit or cheque.

Q3. Do banks inform customers about risk categorization?

No.

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