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 Below Rs. 1 Crore
The interest rates of Saraswat Bank domestic term deposits rates for deposits under Rs.1 crore are given below:
Tenore | For General Public (p.a.) | For Senior Citizens (p.a.) |
7 days to 14 days | 3.25% | 3.75% |
15 days | 3.25% | 3.75% |
16 days to 30 days | 3.25% | 3.75% |
31 days | 3.50% | 4.00% |
32 days to 60 days | 4.00% | 4.50% |
61 days | 5.50% | 6.00% |
62 days to 89 days | 4.00% | 4.50% |
90 days | 5.50% | 6.00% |
91 days to 179 days | 4.75% | 5.25% |
180 days | 5.75% | 6.25% |
181 days to 240 days | 5.75% | 6.25% |
241 days up to less than 1 year | 6.00% | 6.50% |
1 year | 7.15% | 7.65% |
1 year 1 day to 1 year 10 days | 7.15% | 7.65% |
1 year 11 days up to less than 16 months | 7.15% | 7.65% |
16 months | 7.50% | 8.00% |
16 months 1 day up to 16 months 10 days | 7.15% | 7.65% |
16 months 11 days to less than 24 months | 7.15% | 7.65% |
24 months | 7.25% | 7.75% |
24 months 1 day up to 3 years | 7.00% | 7.50% |
Above 3 years to 5 years | 6.75% | 7.25% |
Note: The interest rates are effective from 14 February 2025 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
Tenore | General citizen | Senior Citizen |
7 days to 14 days | 4.50% | 5.00% |
15 days | 4.75% | 5.25% |
16 days to 30 days | 4.75% | 5.25% |
31 days | 5.50% | 6.00% |
32 days to 60 days | 6.00% | 6.50% |
61 days | 6.00% | 6.50% |
62 days to 89 days | 6.00% | 6.50% |
90 days | 6.00% | 6.50% |
91 days to 179 days | 6.25% | 6.75% |
180 days | 6.50% | 7.00% |
181 days to 240 days | 6.50% | 7.00% |
241 days to less than 1 year | 6.50% | 7.00% |
1 year | 7.00% | 7.50% |
1 year 1 day to 1 year 10 days | 7.00% | 7.50% |
1 year 11 days to less than 16 months | 7.00% | 7.50% |
16 months | 7.00% | 7.50% |
16 months 1 day to 16 months 10 days | 8.10% | 7.50% |
16 months 11 days to less than 24 months | 8.15% | 7.50% |
24 months | 6.80% | 7.00% |
24 months 1 day up to 3 years | 6.80% | 7.00% |
Above 3 years to 5 years | 6.60% | 7.00% |
Above 5 years up to 10 years | 6.60% | 7.00% |
Note: The interest rates are effective from 14 February 2025 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
Tenore | General citizen crore | Senior citizen |
7 days to 14 days | 4.50% | 5.00% |
15 days | 4.75% | 5.25% |
16 days to 30 days | 4.75% | 5.25% |
31 days | 5.50% | 6.00% |
32 days to 60 days | 6.00% | 6.50% |
61 days | 6.00% | 6.50% |
62 days to 89 days | 6.00% | 6.50% |
90 days | 6.00% | 6.50% |
91 days to 179 days | 6.25% | 6.75% |
180 days | 6.50% | 7.00% |
181 days to 240 days | 6.50% | 7.00% |
241 days to less than 1 year | 6.50% | 7.00% |
1 year | 7.00% | 7.50% |
1 year 1 day to 1 year 10 days | 7.00% | 7.50% |
1 year 11 days to less than 16 months | 7.00% | 7.50% |
16 months | 7.00% | 7.50% |
16 months 1 day to 16 months 10 days | 8.15% | 7.50% |
16 months 11 days to less than 24 months | 8.20% | 7.50% |
24 months | 6.80% | 7.00% |
24 months 1 day up to 3 years | 6.80% | 7.00% |
Above 3 years to 5 years | 6.60% | 7.00% |
Above 5 years up to 10 years | 6.60% | 7.00% |
Note: The interest rates are effective from 14 February 2025 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.2 crore are given below:
Tenore | Rs.1 crore and above to less than Rs.2 crore | Rs.2 crore and above |
1 year | 7.15% | 7.00% |
1 year 1 day to 1 year 10 days | 7.15% | 7.00% |
1 year 11 days to less than 16 months | 7.15% | 7.00% |
16 months | 7.50% | 7.00% |
16 months 1 day to 16 months 10 days | 7.15% | 7.00% |
16 months 11 days to less than 24 months | 7.15% | 7.00% |
24 months | 7.25% | 6.80% |
24 months 1 day up to 3 years | 7.00% | 6.80% |
Above 3 years to 5 years | 6.75% | 6.60% |
Note: The interest rates are effective from 24 January 2025 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:
Tenore | Less than Rs.2 crore |
7 days to 14 days | 3.25% |
15 days | 3.25% |
16 days to 30 days | 3.25% |
31 days | 3.50% |
32 days to 60 days | 4.00% |
61 days | 5.50% |
62 days to 89 days | 4.00% |
90 days | 5.50% |
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 | 8.00% |
16 months 11 days to less than 24 months | 8.10% |
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 14 February 2025 and can be changed as per the bank's rules and regulations.
Note: The interest rates are effective since 18 October 2023 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:
Tenore | USD |
1 year to less than 2 years | 5.45% |
2 years to less than 3 years | 4.50% |
3 years to less than 4 years | 4.10% |
4 years to less than 5 years | 3.60% |
5 years | 3.60% |
Note: The rates are effective from 5 February 2025.
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.
FAQs on Saraswat Bank FD Rates
- What is the minimum tenure for investing in an FD at Saraswat Bank?
The minimum tenure for investing in an FD at Saraswat Bank is seven days.
- What is the minimum amount required to invest in an FD at Saraswat Bank?
The minimum amount required to invest in an FD at Saraswat Bank is Rs.1000.
- Is a nomination facility available for FD at Saraswat Bank?
Yes, Saraswat Bank does provide a nomination facility for FD.
- Can I avail a loan against an FD at Saraswat Bank?
Yes, you can avail yourself of a loan against FD at Saraswat Bank.
- Can minors apply for an FD at Saraswat Bank?
Yes, the minor along with the guardian/parent can apply for an FD at Saraswat Bank.
- Do senior citizens get any benefits from investing in an FD at Saraswat Bank?
Yes, senior citizens do get an additional interest rate of 0.50% for investing in an FD at Saraswat Bank.
- Does Saraswat Bank allow NRIs to apply for a fixed deposit?
Yes, NRIs can apply for a fixed deposit at Saraswat Bank.
- Can I avail an overdraft against FD at Saraswat Bank?
Yes, you can avail yourself of an overdraft against FD at Saraswat Bank.
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