|Tenure||Regular customers||Senior citizens|
The highest Saraswat Bank FD interest rate is 5.50 percent per annum. Interest rates range from 4.25 percent per annum to 5.50 percent per annum. It is for the tenure of 1 to 5 years.
Long-term FD interest rate: 5.85 percent p.a. It is for the tenure of 60 months to more than 120 months
For opening a Saraswat Bank FD account via offline mode, one has to visit the nearest Saraswat Bank branch. Fill out the Saraswat Bank FD application form and present all the necessary documents with the deposit amount. On successful application processing, an FD receipt will be provided by Saraswat Bank.
Individuals or entities satisfying the following criteria can opt for a Saraswat Bank–
The following documents have to be furnished for opening a Saraswat Bank-
What is the interest rate on senior citizens' FDs offered by Saraswat Bank Fixed Deposit?
Saraswat Bank offers elderly people an extra 0.25 percent over and above the regular rates on FDs.
Can I change the term of my continuing Saraswat Bank Fixed Deposit?
No, once you have chosen a term while opening a Fixed Deposit with Saraswat Bank, you cannot alter it.
How can you start a Saraswat Bank Fixed Deposit account if you don't have a PAN card?
Yes, you may use Form 16 instead of your PAN card when creating a Fixed Deposit with Saraswat Bank.
What is the minimum deposit amount for a Saraswat Bank Fixed Deposit account?
The minimum amount necessary to open a Fixed Deposit at Saraswat Bank is Rs. 1,000, and further increases may only be made in multiples of Rs. 100 on Term Deposits with terms ranging from 12 to 36 months.
What are the requirements for opening a Saraswat Bank Fixed Deposit account?
The following are the eligibility requirements:
Who is eligible for the scheme?
Eligibility for Saraswat bank FD interest rates and Account