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While your earning is in safe hands, we hope it grows securely. Choose Saraswat Bank’s Fixed Deposit schemes that come handy with suitable tenures and attractive interest rates.

Fixed Deposits:

Savings has been an essential part of all the earnings, we at Saraswat Bank, help you earn more on your savings by offering variety of term deposit  schemes which come with suitable tenures and attractive interest rates.


Deposit Schemes:

  1. Fixed Regular (FR)- A short term  deposit scheme with simple interest payable on maturity. Minimum tenure is 7 days to 364 days only.
  2. Fixed monthly (FM)- A term deposit scheme with simple interest payable on monthly basis. Minimum tenure 12 months to 120 months.
  3. Fixed Quarterly (FQ) - A term deposit scheme with simple interest payable on quarterly basis. Minimum tenure 12 months to 120 months.
  4. Kalpataru deposit (KD) - A term deposit scheme wherein interest on the deposit is reinvested on a quarterly cumulative basis and repaid on due date along with the principal amount. Minimum tenure 12 months to 36 months.





Deposits under Recurring Deposit (RD) will be accepted for a period of   12 months up to 36 months only.
(The above term deposit scheme tenures are subject to revision from time to time by the Bank)




Features & Benefits:

Invest in fixed deposits with Saraswat Bank and make use of various features that help you meet your life goals. 
  1. Safety of your funds and assured returns on your investment.
  2. The minimum amount for opening a term deposit account is  Rs 1000/-.
  3. Instant liquidity –  Get an overdraft against your FD or opt for premature withdrawal (subject to applicable T&C).
  4. Loan against FD - Avail of a loan facility up to 90% of principal and accrued interest. Loan against the fixed deposit maybe given to the depositors at the discretion of the Bank.
  5. Competitive interest rates and flexible tenure to suit your needs.
  6. Nomination facility is available.
  7. Term deposit placed with the Bank are subject to TDS as per Income Tax Act,1961.
  8. If you are exempted from deduction of income tax at source, you are required to provide necessary details to the branch for generation of Form-15G/15H (in duplicate) and resubmit the system generated Form 15G/15H duly signed to the same branch for verification thereof and marking in CBS. Submission to be done in the month of April of each financial year at any of the Banks branches.
  9. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of FD.
  10. Term Deposits are insured under the Deposit Insurance and Credit Guarantee Corporation of India (DICGC) scheme.

Eligibility:

Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies.