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Saraswat Bank offers FD interest rates of 3.25-7.00% p.a. to the general public and 3.75-7.50% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The bank also offers fixed deposit products for NRIs such as NRE, NRO, RFC and FCNR fixed deposits. Saraswat Bank accepts FCNR and RFC fixed deposits in US Dollars (USD).
|
Saraswat Bank FD Interest Rates (p.a.) Highlights – 2025 |
|
| Highest slab rate | 7.00% (for 1 year 11 days to 2 years) |
| For 1 year | 6.60% |
| For 2 years | 7.00% |
| For 3 years | 6.60% |
| For 4 years | 6.50% |
| For 5 years | 6.40% |
The interest rates are updated as of 26 August 2025
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Saraswat Bank FD Rates
Fixed Deposit Rates on Domestic/NRE/NRO Deposits of less than Rs 1 crore w.e.f. 20 June 2025
| Tenor |
Interest Rates (% p.a.) |
|
| General Public/ NRO | Senior Citizens | |
| 7 days to 14 days | 3.25 | 3.75 |
| 15 days to 30 days | 3.25 | 3.75 |
| 31 days to 60 days | 3.50 | 4.00 |
| 61 days to 90 days | 4.00 | 4.50 |
| 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 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 | 7.00 | 7.50 |
| Above 2 years to 3 years | 6.60 | 7.10 |
| Above 3 years to 4 years | 6.50 | 7.00 |
| Above 4 years to 10 years | 6.40 | 6.75 |
Note: The minimum tenure for NRE deposits is 1 year.
Saraswat Bank- Interest Rates on FCNR Deposits w.e.f. 6 August 2025
| Period of Deposit |
USD (% p.a.) |
| 1 year to less than 2 years | 5.35 |
| 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 |
Saraswat Bank- Interest Rates on RFC Deposits w.e.f. 6 August 2025
| Period of Deposit |
USD (% p.a.) |
| 1 year to less than 2 years | 5.35 |
| 2 years to less than 3 years | 4.50 |
| 3 years | 4.10 |
Types of Saraswat Bank Fixed Deposit Schemes
- Fixed Regular (FR)- This is a short-term deposit scheme wherein simple interest is payable on maturity. The tenure offered is 7 days to 364 days
- Fixed monthly (FM)- The simple interest is payable on a monthly basis under this scheme. The tenure offered is 12 months to 10 years
- Fixed Quarterly (FQ)- The simple interest is payable on a quarterly basis. The tenure offered is 12 months to 10 years
- Kalpataru deposit (KD)- The interest on the deposit is reinvested on a quarterly cumulative basis and is repaid on maturity along with the principal amount. The tenure offered is 12 months to 3 years
Saraswat Bank Features of Fixed Deposit Scheme
- Minimum deposit amount: Rs 1,000
- Overdraft facility against deposits is available subject to applicable terms and conditions
- Depositors can avail loan for up to 90% of deposit amount, at the discretion of the bank
- Nomination and premature facility of FD is available
- Fixed deposits are insured under the Deposit Insurance and Credit Guarantee Corporation of India (DICGC) scheme
Madhukar Tax Saving Deposits
- Deposits under this scheme are eligible for the tax deduction of up to Rs 1.5 lakh in each financial year under Section 80C
- Deposit amount: Minimum: Rs. 5,000; Maximum: Rs 1.5 lakh
- Tenure: 5 years (lock in period)
- The interest is payable quarterly on quarterly rest
- Nomination facility is available
- Premature withdrawal of deposits is not allowed
Saraswat Bank- FD Schemes for NRIs
Foreign Currency Non Resident (FCNR) Deposit
- Depositors can maintain deposits in USD and EUR
- Tenure: 1 year to 5 years
- The maturity proceeds are payable in foreign currency
- Both the principal and interest amount are freely repatriable
- Depositor can avail loan against FCNR(B) deposits except in case of carrying/relending on agricultural/real estate business/plantation activities
- Nomination facility is available
- Account can be opened/credited with remittances from abroad through personal cheques drawn on foreign bank accounts/normal banking channel/transfer from existing FCNR/NRE accounts/foreign exchange brought during visit to India
Non-Resident External (NRE) Deposit Account
- The account is maintained in Indian Rupees
- Tenure: 1 year to 5 years
- Both the principal and interest amount are freely repatriable
- Depositor can avail loan against NRE deposits except in case of carrying/relending on agricultural/real estate business/plantation activities
- Nomination facility is available
Non-Resident Ordinary (NRO) Account
- The account is maintained in Indian Rupees and can be jointly opened with non-residents/residents
- The balances in NRO accounts can be repatriated outside India with a limit of USD 1 million per financial year
- Nomination facility is available
- Depositor can avail loan against NRO deposits except in case of carrying/relending on agricultural/real estate business/plantation activities
Resident Foreign Currency Account
- PIOs and NRIs who are returning to India to settle permanently can open RFC account
- Depositor can open account in USD & EURO
- The account can be opened jointly with the person eligible to open RFC account
- The assets maintained abroad can be invested freely in RFC account
- The balances can be used to make bonafide payments abroad
- Withdrawals (in Rupees) can be made in India for making payments