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    Saraswat Bank Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% to 7.85% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.75% - 7.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know

    Saraswat Bank Fixed Deposit Rates is Rated as "Excellent!" by 4 Users

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    Saraswat Bank short-term Fixed Deposit interest rates

    Saraswat Bank offers its customers with the most competitive interest rates in the market for short term fixed deposit accounts.

    The rate of interest is a constant 6% p.a. across tenures of short durations. Saraswat Bank offers a range of tenures for customers to choose from. This allows the depositor to choose a tenure that meets his/her specific preference. By keeping the rate of interest a standard 6% p.a., Saraswat Bank ensures that investors with shorter deposit durations do not receive a discounted rate of interest.

    This rate of interest is also applicable to senior citizens.

    Tenures of 31 days, 60 days, 90 days and 120 days upto 179 days receive interest at the rate of 6% p.a.

    All of the tenure options seem like good investment options in this category.

    Saraswat Bank medium and long term Fixed Deposit interest rates

    Saraswat Bank has been known for years to provide its customers with high returns on medium and long term fixed deposit account while ensuring to provide extremely appealing rates of interest.

    Fixed Deposit account with tenures of 6 months and 9 months are given an interest rate of 6.75% p.a. Interest rate of 7.75.75% p.a. is given to Fixed Deposit account with tenures of above 1 year up to 24 months.

    In the long term category, tenures of above 24 months up to 60 months seem to show good returns.

    Long tenure of above 24 months receives interest at the rate of 7.8% p.a. Tenures of 3 years are offered with an table interest rate of 7.8% p.a. Tenures of above 60 months up to 120 months are levied with an interest rate of 7.6% p.a .

    Saraswat Bank Senior Citizen Fixed Deposit interest rates

    Saraswat Bank offers an additional 0.25% p.a. over the current rack rates for Senior Citizens for Fixed Deposit account tenures ranging between 1 year and 10 years.

    In the Senior Citizen category, tenures ranging from 1 year to 2 years seem to provide sustainable returns. Tenures of 2 years and 5 years also look promising.

    News About Saraswat Bank Fixed Deposit Rates

    • Saraswat Bank Term Deposit Interest Rates

      Saraswat Bank offers short-term, medium, and long-term fixed deposits with a range of tenures for customers to choose from. With a strive to provide its customers with high returns, while at the same time ensuring to provide attractive rates of interest, Saraswat Bank hasn’t made much alteration to its fixed deposit rates. However, the fixed deposit for a tenure of 1 year has been removed.

      The rates of domestic term deposits will be effective from April 04, 2016 for single term deposits below Rs 1 crore.

      5th April 2016

    • Saraswat Bank Fixed Deposit Rate Changes

      Saraswat Bank, a relatively smaller bank is still going big on its offers of interest rates on its fixed deposit accounts. Even after the rate cuts effected on the base rate, the bank has maintained comparatively higher rates of interest rates in comparison to the market.

      2016 has seen the bank offering the lowest rate of interest on fixed deposits at 4% per annum for a period of 7 days to 30 days. That rate is amped by 0.75% per annum to 4.75% p.a. for deposit tenures of 31 days to 90 days. For tenures ranging from 91 days to 179 days, the rate of interest is 5.25% per annum, while for tenures of 180 days to less than a 1 year the rate of interest jumps up by 1.5% to 6.75% per annum. For an exact period of 1 year, the rate offered is 8.50% per annum and this is the highest rate of interest offered. 7.75% per annum is the interest rate for a deposit period of more than year till 24 months. The rate increases again to 7.8% p.a. for deposits above 24 months till 5 years. For deposits above 5 years’ tenure the effective rate of interest is 7.60% per annum and it stays the same till a tenure of 10 years.

      Senior citizens enjoy an additional rate of interest provided the deposit tenure is more than a year.

      3rd February 2016

    • Fixed Deposit Rates for Saraswat Bank

      The rates for deposits across banks in India have seen deductions post the repo rate cut by the Reserve Bank of India. While loans have also seen a sizable reduction, reductions in fixed deposit rates are not much of a good news. Saraswat Bank has changed its rates on fixed deposit for only a few of its deposit tenures for amounts below INR 1 crore. The financial institution has been operating in India since 1918 as a cooperative bank and as of 1988, it was given a ‘scheduled’ status by the Reserve Bank of India.

      As of November 2015, deposits of 7 days to 30 days earn interest at a rate of 4% per annum and that is the current lowest rate on offer from Saraswat Bank. Changes were observed in the deposit tenure slabs of 31 days to 179 days and 180 days to 1 year. The current rates for these two tenure slabs are 6% per annum and 6.75% per annum. These three tenure slabs have the same rates for general people and senior citizens. From 1 year till 24 months, the rate of interest is 7.75% per annum and for senior citizens it is fixed at 8% per annum. From 24 months till 60 months, the rate of interest for the general public is 7.8% per annum, with an additional 0.25% per annum for senior citizens. This is the highest rate of interest available for deposits less than INR 1 crore in value. Deposit tenures of more than 5 years attract a lower interest rate of 7.6% per annum for the general public and 7.85% per annum for senior citizens.

      11th November 2015

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