Saraswat Bank FD Rates & Calculator

Saraswat Bank commenced its operations in the year 1918 and is one of the largest urban cooperative banks. This bank has branches in 6 states with a total business of ₹71,000 Crores as on March 2022.

 

The Saraswat Bank FD is one of its popular financial products, offering potential returns at lucrative interest rates. While the Saraswat Bank senior citizen FD rates vary between 3.75% p.a. and 7.75% p.a., the regular FD rates range between 3.25% p.a. and 7.25% p.a.

 

Note that the Saraswat Bank FD rates for senior citizens and regular investors vary according to the investment amount and a chosen tenor. To understand the specifics of Saraswat Bank FD, read on.

 

Booking a Saraswat Bank fixed deposit offers attractive benefits to Indian residents and NRIs. With various types of fixed deposits, you can choose the one that best aligns with your financial objectives. 

 

With senior citizens getting an advantage of 0.50% p.a. over the existing FD rates, you may even open an account for your dependent parents. Here is a tabulated overview of Saraswat Bank fixed deposit rates for non-senior investors.

Disclaimer: Note that these interest rates are applicable on domestic term deposits up to ₹15 Lakhs and are subject to change as per the issuer’s policies. 

 

Here is the table of Saraswat Bank FD rates for senior investors.

Disclaimer: Note that these interest rates are applicable on domestic term deposits up to ₹15 Lakhs and are subject to change as per the issuer’s policies. 

 

Remember that the FD returns vary according to the tenor, interest rate and the principal invested amount. As a rule, the more you stay invested, the higher your interest earnings. 

 

To help you understand how interest earnings vary according to tenor and individual type, consider this example. Assume an investment of ₹5 Lakhs for a chosen tenor of 1 year. 

 

Check out the difference in earnings between a senior and a non-senior investor. Note that Saraswat Bank FD interest rates for senior citizens are 7.50% p.a. for a one-year tenor, while it is 7% p.a. for non-senior investors. 

Disclaimer: The rates are subject to change at the lender’s discretion, and the returns may vary depending on the investment terms.

 

You can easily compute your interest income and assess your returns before booking a Saraswat Bank fixed deposit. While you can manually calculate your returns, this is a time-consuming process. Using the Saraswat Bank FD calculator can help you calculate the results instantaneously.

 

This calculator computes accurate results, helping you plan and grow your corpus reliably all through. Furthermore, you can tweak the calculator parameters and compare the Saraswat Bank FD interest rates for various tenor options before booking an FD.

 

Hence, make sure to use the Saraswat Bank FD rates calculator to help you earn handsome returns for your funds. Remember that opting for a payout at maturity helps you earn higher interest earnings, as this FD type leverages the power of compounding interest.

 

However, if you are looking for regular interest earnings, a non-cumulative FD may be better. You can choose your interest payouts as monthly, quarterly, half-yearly or annually.

Here is a comparative analysis of FD interest rates offered by a few leading financial institutions. Checking the interest rates across issuers can help you make informed decisions that best suit your financial goals.

Disclaimer: The above interest rates are subject to change at the issuer’s discretion.

Investing in a fixed deposit offers the following advantages and features:

• Get assured returns on your invested amount

• Book a Saraswat Bank fixed deposit at ₹1,000

• Avail up to 90% of the total FD amount as a loan when in need of emergency funds

• Opt for a nominee when you book the Saraswat Bank FD

• Competitive interest rates that can help you earn potential returns

• All fixed deposit plans come with DICGC (Deposit Insurance and Credit Guarantee Corporation of India) insurance

 

Note that NRI customers can also book deposits at Saraswat Bank fixed deposit rates applicable for non-senior citizens.

There are four common deposit types, briefly mentioned below:

• Fixed Regular schemes are short-term plans with interest earnings payable at maturity. These deposits have tenor options ranging between 7 and 364 days.

• Fixed Monthly plans have interest earnings payable every month. The tenor of this plan ranges between 12 and 120 months.

• Fixed Quarterly deposits have tenors varying between 12 and 120 months. Here, the interest is payable every quarter.

• Kalpataru deposit is a cumulative scheme, where your interest earnings are invested every quarter. This interest is paid along with the invested amount and has a tenor ranging from 12 months to 36 months.

 

With easy-to-meet eligibility criteria and minimal documentation, you can book the Saraswat Bank fixed deposit hassle free. Simply visit the nearest branch and book a suitable FD plan that meets your investment goals.

 

If you want to book FDs at competitive interest rates, you can check some of the leading FD issuers at Bajaj Markets. Compare different rates and choose a suitable plan to help you maximise your earnings.