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    Saraswat Bank FD Rates
     and 2 other FDs
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.05% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.5% - 6.8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Saraswat Bank FD Rates is Rated as "Blown Away!" by 5 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Saraswat Bank FD Rates

    Saraswat Bank offers its customers with the most competitive fd 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% pa 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.

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

    The updated list of Saraswat Bank FD Rates, for Regular and Senior Citizen, is listed below:

    Tenure Regular FD rates Senior Citizen FD Rates
    15 days to 30 days 4.25 4.25
    31 days to 90 days 4.75 4.75
    91 days  to 179 days 5.25 5.25
    180 days up to1 year 6.35 6.6
    Above 1 year up to 24 months 6.35 6.6
    Above 24 months up to 36 months 6.40 6.65
    Above 36 months up to 60 months 6.40 6.65
    Above 60 months  and upto 120 months 6.40 6.65

     

    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 5.25% p.a. and 6.5% Interest rate of 6.8% 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 6.8% p.a. Tenures of 3 years are offered with an table interest rate of 6.7% p.a. Tenures of above 60 months up to 120 months are levied with an interest rate of 6.6% 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

    SARASWAT BANK FD Rates Reviews

    • review Fixed Deposit
      "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? 1
      , mumbai
      Reviewed on Nov 14, 2016
    • review Fixed Deposit
      "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? 5
      , mumbai
      Reviewed on Oct 21, 2014
    • review Fixed Deposit
      "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? 3
      , mumbai
      Reviewed on Aug 08, 2014
    • review Fixed Deposit
      "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? 4
      , mumbai
      Reviewed on Jul 10, 2014
    • review Fixed Deposit
      "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? 8
      , mumbai
      Reviewed on Jun 27, 2014
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