Saraswat Bank FD Rates
Saraswat Bank Fixed Deposits currently offer interest rates between 3.00% and 7.40% p.a. for tenures from 7 days to 10 years, with senior citizens earning extra. Rates vary by deposit amount and tenure, so compare the slabs below before applying. The bank also offers a nomination facility, loan against FD and tax-saving deposit options.
Saraswat Bank Domestic Term Deposits Interest Rates for Deposits Below Rs. 1 Crore
The interest rates of Saraswat Bank domestic term deposits rates for deposits under Rs.1 crore are given below:
Tenure | For General Public (p.a.) | For Senior Citizens (p.a.) |
7 days to 14 days | 3.00% | 3.50% |
15 days to 30 days | 3.15% | 3.65% |
31 days to 60 days | 3.50% | 4.00% |
61 days to 91 days | 4.00% | 4.50% |
92 days | 4.50% | 5.00% |
93 days to 179 days | 4.75% | 5.25% |
180 days | 5.50% | 6.00% |
181 days to 240 days | 5.75% | 6.25% |
241 days up to less than 1 year | 6.00% | 6.50% |
1 year | 6.60% | 7.10% |
1 year 1 day to 1 year 10 days | 6.60% | 7.10% |
1 year 11 days to 2 years | 6.60% | 7.10% |
2 years 1 day to 2 years 10 days | 6.60% | 7.10% |
2 years 11 days to 3 years | 6.80% | 7.30% |
Above 3 years to 4 years | 7.00% | 7.40% |
Above 4 years to 5 years | 7.00% | 7.40% |
Above 5 years to 10 years | 6.60% | 7.10% |
Note: The interest rates are effective from 1 July 2026 and can be changed as per the bank's rules and regulations.
Interest Rates for Deposits Above Rs. 2 Crore and Below Rs. 5 Crore
The following table outlines the applicable interest rates for deposits above Rs.2 crore and below Rs.5 crore, categorized by tenure for General and Senior Citizens:
Tenure | General citizen | Senior Citizen |
7 days to 14 days | 4.50% | 4.75% |
15 days to 30 days | 4.75% | 5.15% |
31 days to 60 days | 5.50% | 6.00% |
61 days to 90 days | 6.00% | 6.00% |
91 days to 179 days | 6.25% | 6.25% |
180 days | 6.50% | 6.25% |
181 days to 240 days | 6.50% | 6.50% |
241 days to less than 1 year | 6.50% | 6.50% |
1 year | 7.00% | 6.90% |
1 year 1 day to 1 year 10 days | 7.00% | 6.90% |
1 year 11 days to less than 16 months | 7.00% | 6.90% |
16 months | 7.00% | 6.90% |
16 months 1 day to 16 months 10 days | 7.00% | 6.90% |
16 months 11 days to 24 months | 7.00% | 6.90% |
Above 2 years to 3 years | 6.80% | 6.90% |
Above 3 years to 4 years | 6.60% | 6.80% |
Above 4 years to 5 years | 6.60% | 6.55% |
Above 5 years up to 10 years | 6.60% | 6.55% |
Note: General public and NRO rates are effective from 1 July 2026; senior citizen rates are effective from 28 July 2026, and can be changed as per the bank's rules and regulations.
Saraswat Bank Domestic Term Deposits Rates: Above Rs. 5 Crore and Below Rs. 10 Crore
Given below are the FD rates for deposits above Rs.5 crore and below Rs.10 crore:
Tenure | General citizen | Senior Citizen |
7 days to 14 days | 4.50% | 4.75% |
15 days to 30 days | 4.75% | 5.15% |
31 days to 60 days | 5.50% | 6.00% |
61 days to 90 days | 6.00% | 6.00% |
91 days to 179 days | 6.25% | 6.25% |
180 days | 6.50% | 6.25% |
181 days to 240 days | 6.50% | 6.50% |
241 days to less than 1 year | 6.50% | 6.50% |
1 year | 7.00% | 6.90% |
1 year 1 day to 1 year 10 days | 7.00% | 6.90% |
1 year 11 days to less than 16 months | 7.00% | 6.90% |
16 months | 7.00% | 6.90% |
16 months 1 day to 16 months 10 days | 7.00% | 6.90% |
16 months 11 days to 24 months | 7.00% | 6.90% |
Above 2 years to 3 years | 6.80% | 6.90% |
Above 3 years to 4 years | 6.60% | 6.80% |
Above 4 years to 5 years | 6.60% | 6.55% |
Above 5 years up to 10 years | 6.60% | 6.55% |
Note: General public and NRO rates are effective from 1 July 2026; senior citizen rates are effective from 28 July 2026, and can be changed as per the bank's rules and regulations.
Saraswat Bank NRE Term Deposits Interest Rates
The interest rates for Saraswat Bank NRE term deposits for deposits below Rs.1 Crore are given below:
Tenure | Below Rs.1 Crore |
1 year | 7.15% |
1 year 1 day to 1 year 10 days | 7.15% |
1 year 11 days up to less than 16 months | 7.15% |
16 months | 7.50% |
16 months 1 day up to 16 months 10 days | 7.15% |
16 months 11 days to less than 24 months | 7.15% |
24 months | 7.25% |
24 months 1 day up to 3 years | 7.00% |
Above 3 years to 5 years | 6.75% |
Note: The interest rates are effective from 3 March 2025 and can be changed as per the bank's rules and regulations.
Saraswat Bank NRO Term Deposits Interest Rates
The interest rates for Saraswat Bank NRO term deposits for deposits for Rs.1 crore and above are given below:
Tenure | Interest Rates (p.a.) |
7 days to 14 days | 3.25% |
15 days to 30 days | 3.25% |
31 days to 60 days | 3.50% |
61 days to 90 days | 4.00% |
91 days to 179 days | 4.75% |
180 days | 5.75% |
181 days to 240 days | 5.75% |
241 days to less than 1 year | 6.00% |
1 year | 7.15% |
1 year 1 day to 1 year 10 days | 7.15% |
1 year 11 days to less than 16 months | 7.15% |
16 months | 7.50% |
16 months 1 day to 16 months 10 days | 7.15% |
16 months 11 days to 24 months | 7.15% |
24 months | 7.25% |
24 months 1 day up to 3 years | 7.00% |
Above 3 years to 5 years | 6.75% |
Above 5 years up to 10 years | 6.75% |
Note: The interest rates are effective from 1 July 2026 and can be changed as per the bank's rules and regulations.
Saraswat Bank FCNR FD Interest Rates
The interest rates for Saraswat Bank NRE FCNR deposits are given below:
Tenure | USD |
1 year to less than 2 years | 4.75% |
2 years to less than 3 years | 4.15% |
3 years to less than 4 years | 6.00% |
4 years to less than 5 years | 6.00% |
5 years | 6.00% |
Note: The rates are effective from 3 July 2026.
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 individually or jointly.
- Premature withdrawal of a Saraswat Bank FD attracts a penalty of 1% on the applicable rate of interest for the period the deposit was held, whether or not the amount is reinvested.
- You can also take a loan or overdraft against a Saraswat Bank FD at 0.75% above the deposit's contracted interest rate.
- Saraswat Bank also runs a tax-saving Fixed Deposit scheme (Madhukar Tax Saving Deposit) with the statutory five-year lock-in required for a Section 80C deduction, and pays interest quarterly.
Summary
Saraswat Bank Fixed Deposits let you invest for tenures from 7 days to 10 years at rates that vary by deposit amount and duration, with senior citizens earning a preferential rate. Nomination, loans against FD and a tax-saving option are all available. Compare the slabs above and apply for a Saraswat Bank FD that matches your investment horizon.
FAQs on Saraswat Bank FD Rates
- What is the minimum tenure for a Saraswat Bank FD?
The minimum tenure for a Saraswat Bank FD is seven days. You can choose progressively longer tenures up to ten years depending on your investment goal.
- What is the minimum amount required to open a Saraswat Bank FD?
The minimum amount required to open a Saraswat Bank FD is Rs.1,000. There is no upper limit, and the applicable interest rate depends on both the deposit amount and the tenure chosen.
- Is a nomination facility available on a Saraswat Bank FD?
Yes, Saraswat Bank provides a nomination facility on its fixed deposits. Adding a nominee lets a chosen person claim the FD proceeds smoothly in the depositor's absence.
- Can I avail a loan against a Saraswat Bank FD?
Yes, you can avail a loan or overdraft against a Saraswat Bank FD. The deposit continues to earn interest while it is pledged as security for the loan.
- Can minors open a Saraswat Bank FD?
Yes, a minor can open a Saraswat Bank FD along with a guardian or parent. The guardian operates the account until the minor reaches the age of majority.
- Do senior citizens get better rates on a Saraswat Bank FD?
Yes, Saraswat Bank offers senior citizens a preferential interest rate above the general rate on its fixed deposits. Depositors should check the current slab for their tenure before booking.
- Does Saraswat Bank allow NRIs to open a fixed deposit?
Yes, NRIs can open a fixed deposit with Saraswat Bank through its NRE and NRO deposit schemes. These schemes let non-resident Indians earn interest on their overseas or domestic income in India.
- Can I avail an overdraft against a Saraswat Bank FD?
Yes, you can avail an overdraft against a Saraswat Bank FD. This lets you access funds for short-term needs without breaking the deposit before maturity.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2026 BankBazaar.com.