A container to store water in a huge amount of capacity can simply be called as the water tank. During the earthquakes, all these liquid storage tanks get collapsed or damaged heavily. 40 to 65 years is the feasible lifetime of an ESR in general. Shortage of drinking water, utilizing water, uncontrolled fires, etc are some unexpected events caused due to any damage or collapse of the tanks. Water tank parameters include various designs of tanks and different way of construction, materials, linings etc. Different materials are used for the construction and development of water tanks such as: - plastic, concrete, steel, fiberglass, etc. Therefore, to avoid all those unwanted events in the future various studies have been carried out regarding different types, shapes of water tanks. In this research, Elevated Service Reservoir (E.S.R) is being compared of shape Rectangular & Circular water tanks of capacity 5lakh litres and a total height of 18m with 3m, 4.5m staging height in Earthquake Zone V by Equivalent static analysis using STAAD.PRO software and referring GSDMA guidelines for the design of a tank and IS 1893 PART2-2014 code. By studying all the observations and results, it shows that Circular water tank is more preferable and economical for use.