• Investment
  • Car
  • Bike
  • Taxi
  • Term Life
  • Health
  • Travel

Saraswat Bank FD Rates

Suitable tenures and attractive interest rates on Saraswat Bank Fixed Deposits enable you to build a healthy corpus and plan your future financially. It helps you put away a certain part of your monthly income towards securing your future financially. A term deposit, which is an Interest Payout savings scheme, offers interest at yearly, half-yearly, quarterly and monthly basis.

Features of the Saraswat Bank FD Account

  • Form 15H/15G is required to be submitted for exemption of TDS.
  • A minimum amount of Rs. 1000 and a further rise in multiples of Rs. 100 is required to open Term Deposits Account.
  • Deposits under this scheme will be accepted for a period of above 12-months up to 36-months only.

Eligibility Criteria for Saraswat Bank FDs

  • An individual who is a single account holder
  • Individuals who hold a bank account jointly
  • Minors
  • Organizations
  • Co-operative societies

FAQs on Saraswat Bank FD Rates

What is the interest rate that Saraswat Bank Fixed Deposit offers on senior citizens FDs?

The FD rate at Saraswat Bank for senior citizens is an additional 0.25% over and above the standard rates.

Can I make alterations to the tenure of my ongoing Saraswat Bank Fixed Deposit?

No, once you have opted for a tenure at the time of starting a Fixed Deposit at Saraswat Bank, you cannot change the tenure.

How to open a Saraswat Bank Fixed Deposit account without a PAN card?

Yes, you can submit Form 16 while opening a Fixed Deposit with Saraswat Bank, instead of your PAN card.

What is the highest interest rate that is offered by the Saraswat Bank Fixed Deposit?

The highest rate for Saraswat Bank Fixed Deposits is 7.60% for the following tenures.

  • Single term deposits up to Rs. 50 lakh for a tenure of 15 months only
  • Single term deposits of above Rs. 50 lakh but below ₹3 crore for a tenure of 15 months only
  • Single term deposit of Rs. 3 crore and above for the below tenures:
    • Above 1 year up to 13 months 9 days
    • 13 months 10 days
    • 13 months 11 days up to 24 months
    • 24 months 1 day up to 24 months 9 days
    • 24 months 10 days
    • 24 months 11 days up to 36 months

What are the FD tenure options offered by Saraswat Bank Fixed Deposit?

  • 7 days to 14 days
  • 15 days to 30 days
  • 31 days to 90 days
  • 91 days to 179 days
  • 180 days up to1 year
  • Above 1 year up to less than 15 months
  • 15 months only
  • Above 15 months up to 24 months
  • Above 24 months up to 36 months
  • Above 36 months up to 60 months
  • Above 60 months and up to 120 months

What is the minimum amount required to start a Saraswat Bank Fixed Deposit account?

The minimum amount required to start a Fixed Deposit at Saraswat Bank is Rs. 1,000 and a subsequent increase can be done in multiples of Rs. 100 on Term Deposits for a period of above 12 months to 36 months only.

What is the eligibility criteria to open a Saraswat Bank Fixed Deposit account?

The eligibility criteria is as follows-

  • An individual who is a single accountholder
  • Individuals who hold a bank account jointly
  • Minors
  • Organizations
  • Co-operative societies