• Saraswat Bank FD Rates

    Saraswat Bank is a scheduled co-operative bank that was established way back in 1918. Saraswat Bank fixed deposits (FDs) offer top-notch interest rates along with other benefits such as nomination facility, tax benefits and loan/overdraft. The bank offers different interest rates for different investment amounts. Before applying for an Fixed Deposit, it is good to take a look at the interest rates and choose a tenure accordingly.

    Saraswat Bank Domestic Term Deposits Interest Rates for Deposits Under Rs.2 Crore

    The interest rates of Saraswat Bank domestic term deposits rates for deposits under Rs.2 crore are given below:

    Tenure General Interest Rates (p.a.) Senior Citizens Interest Rates (p.a.)
    7 to 14 days 3.10% 3.10%
    15 to 30 days 3.10% 3.10%
    31 to 90 days 3.75% 3.75%
    91 to 179 days 4.25% 4.25%
    180 days up to 12 months 5.10% 5.10%
    12 months 1 day to 12 months 10 days 5.25% 5.60%
    12 months 11 days to 24 months 5.30% 5.65%
    24 months 1 day to 24 months 10 days 5.25% 5.60%
    24 months 11 days to 36 months 5.30% 5.65%
    36 months 1 day to 36 months 11 days 5.45% 5.80%
    36 months 12 days to up to 60 months 5.50% 5.85%
    60 months up to 10 years 5.85% 6.35%

    Note: The interest rates are effective since 01 November 2021 and can be changed as per bank’s rules and regulations.

    Saraswat Bank Domestic Term Deposits Interest Rates for Deposits Above Rs.2 Crore

    The interest rates of Saraswat Bank domestic term deposits rates for deposits above Rs.2 crore are given below:

    Tenure General Interest Rates (p.a.) Senior Citizens Interest Rates (p.a.)
    7 to 14 days 2.90% 2.90%
    15 to 30 days 2.90% 2.90%
    31 to 90 days 3.25% 3.25%
    91 to 179 days 3.75% 3.75%
    180 days up to 12 months 4.25% 4.25%
    12 months 1 day to 12 months 10 days 4.70% 4.95%
    12 months 11 days to 24 months 4.75% 5.00%
    24 months 1 day to 24 months 10 days 4.70% 4.95%
    24 months 11 days to 36 months 4.75% 5.00%
    36 months 1 day to 36 months 11 days 4.70% 5.35%
    36 months 12 days to up to 60 months 4.75% 5.85%
    60 months up to 10 years 5.00% 6.35%

    Note: The interest rates are effective since 01 November 2021 and can be changed as per bank’s rules and regulations.

    Saraswat Bank NRE Term Deposits Interest Rates for Deposits Below Rs.2 Crore

    The interest rates for Saraswat Bank NRE term deposits for deposits below Rs.2 crore are given below:

    Tenure Rate of Interest (p.a.)
    1 year 5.10%
    Above 1 years to up to 3 years 5.25%
    Above 3 years to up to 5 years 5.25%

    Note: The interest rates are effective since 01 November 2021 and can be changed as per bank’s rules and regulations.

    Saraswat Bank NRE Term Deposits Interest Rates for Deposits Above Rs.2 Crore

    The interest rates for Saraswat Bank NRE term deposits for deposits above Rs.2 crore are given below:

    Tenure Rate of Interest (p.a.)
    1 year 4.25%
    Above 1 years to up to 3 years 4.70%
    Above 3 years to up to 5 years 4.70%

    Note: The interest rates are effective since 01 November 2021 and can be changed as per bank’s rules and regulations.

    Saraswat Bank NRO Term Deposits Interest Rates for Deposits Below Rs.2 Crore

    The interest rates for Saraswat Bank NRE term deposits for deposits below Rs.2 crore are given below:

    Tenure Rate of Interest (p.a.)
    7 to 14 days 3.10%
    15 to 30 days 3.10%
    31 to 90 days 3.75%
    91 to 179 days 4.25%
    180 days up to 12 months 5.10%
    12 months 1 day to 12 months 10 days 5.25%
    12 months 11 days to 24 months 5.30%
    24 months 1 day to 24 months 10 days 5.25%
    24 months 11 days to 36 months 5.30%
    36 months 1 day to 36 months 11 days 5.45%
    36 months 12 days to up to 60 months 5.50%
    60 months up to 10 years 5.85%

    Note: The interest rates are effective since 01 November 2021 and can be changed as per bank’s rules and regulations.

    Saraswat Bank NRO Term Deposits Interest Rates for Deposits Above Rs.2 Crore

    The interest rates for Saraswat Bank NRE term deposits for deposits above Rs.2 crore are given below:

    Tenure Rate of Interest (p.a.)
    7 to 14 days 2.90%
    15 to 30 days 2.90%
    31 to 90 days 3.25%
    91 to 179 days 3.75%
    180 days up to 12 months 4.25%
    12 months 1 day to 12 months 10 days 4.70%
    12 months 11 days to 24 months 4.75%
    24 months 1 day to 24 months 10 days 4.70%
    24 months 11 days to 36 months 4.75%
    36 months 1 day to 36 months 11 days 4.70%
    36 months 12 days to up to 60 months 4.75%
    60 months up to 10 years 5.00%

    Note: The interest rates are effective since 01 November 2021 and can be changed as per bank’s rules and regulations.

    Saraswat Bank FCNR FD Interest Rates

    The interest rates for Saraswat Bank NRE FCNR deposits are given below:

    Tenure Rate of Interest (p.a.)
    1 year to less than 2 years 1.15
    2 years to less than 3 years 1.65
    3 years to less than 4 years 2.15%
    4 years to less than 5 years 2.65%
    5 years 2.75%

    Saraswat Bank Fixed Deposit Eligibility

    The eligibility criteria for Saraswat Bank fixed deposit schemes are:

    • Individuals above the age of 18
    • Minors below the age of 18, under a guardian
    • Societies, co-op, organisations, etc.

    Saraswat Bank Fixed Deposit Features

    The various features of the Saraswat Bank Fixed Deposit schemes are mentioned below:

    • Minimum deposit amount for the fixed deposit scheme is Rs.1,000.
    • Minimum tenure for the scheme is 7 days while maximum is up to 10 years.
    • Accounts can be opened singly or jointly.

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    SARASWAT BANK FD Rates Reviews

    • review
      "Good interest on savings"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit with Saraswat Cooperative Bank. The customer support is good and they are responsive. I been a customer for 20 years. The interest they provide on my savings is more than satisfactory and there are no charges taken for this account features.
      Was this review helpful? 5
      , mumbai
      Reviewed on Apr 15, 2019
    • review
      review
      "Good online features on FD"
      0.5 5.0/5 "Blown Away!"
      In Saraswat bank they are providing the interest around 7% per annum, the minimum amount Rs. 5000 to max, still my FD is running with this bank. The online options are excellent without visiting I can track the interest and deposit amount through online.
      Was this review helpful? 4
      , pune
      Reviewed on Dec 17, 2018
    • review
      "Good bank"
      0.5 5.0/5 "Blown Away!"
      Saraswat bank is a very good they are not providing many benefits. This was taken for a period of 5 years. This was opened through the Branch and I had got the FD receipt and the branch response was good. The rate of interest offered by them was very less its just 7%.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 14, 2016
    • review
      "Splendid service"
      0.5 5.0/5 "Blown Away!"
      Exemplary service offered by Saraswat Bank, as they provide very good response to their customer. They try to provide special attention to each and every customers who walks in to the Branch and they offer personalized service too. I am holding fixed deposit since 1997, I am happy with the rates as its great and overall its been splendid.
      Was this review helpful? 6
      , mumbai
      Reviewed on Oct 21, 2014
    • review
      "Developing now"
      0.5 4.0/5 "Great!"
      Fine. their customer service and their response. Nearby to my residence itself so I preferred. SARASWAT COOPERATIVE BANK was the Second largest bank in cooperative sector. Developing in their sectors. Bank is normal actually interest rates are good. Now the rate of interest more or less same in fixed deposit.I kept it for 3 years.
      Was this review helpful? 4
      , mumbai
      Reviewed on Aug 08, 2014
    • review
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      One year ago I have created a fixed deposit with Saraswat Co-operative bank considering the high rate of interest offered at that time. I also have a joint account with them and I have experienced a good customer service. Online facility is also available to manage the fixed deposit.
      Was this review helpful? 8
      , mumbai
      Reviewed on Jul 10, 2014
    • review
      "Hellpful and knowledgeable"
      0.5 4.0/5 "Great!"
      As this is the new bank and the people who are inside the bank are newly recruited, they are too helpful and knowledgeable and they know the customers needs to satisfy. Opening of the fixed deposit is so simple where we need to fill in the application and submit. They offer good interest rate.
      Was this review helpful? 11
      , mumbai
      Reviewed on Jun 27, 2014
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