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Saraswat Co-operative Bank

Fixed Deposit Rates

You are requested to reconfirm the rates from the respective banks before making any financial commitments.

a) For domestic deposits - 1 crore and above but below Rs. 3 cr (last revised on Jul 01, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 15 days 1 crore and above but below Rs. 3 cr

5.00

5.00

Calculate
15 days to 179 days 1 crore and above but below Rs. 3 cr

8.00

8.00

Calculate
180 days up to 1 year 1 crore and above but below Rs. 3 cr

8.50

8.50

Calculate
Above 1 year up to 24 months 1 crore and above but below Rs. 3 cr

9.00

9.25

Calculate
Above 24 months up to 36 months 1 crore and above but below Rs. 3 cr

8.50

9.00

Calculate
Above 36 months up to 60 months 1 crore and above but below Rs. 3 cr

9.00

9.25

Calculate
Above 60 months up to 84 months 1 crore and above but below Rs. 3 cr

8.00

8.50

Calculate

b) For domestic deposits - 3 crore and above (last revised on Jul 01, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 15 days 3 crore and above

5.00

5.00

Calculate
15 days to 179 days 3 crore and above

8.00

8.00

Calculate
180 days up to 1 year 3 crore and above

8.50

8.50

Calculate
Above 1 year up to 24 months 3 crore and above

9.00

9.25

Calculate
Above 24 months up to 36 months 3 crore and above

8.50

9.00

Calculate
Above 36 months up to 60 months 3 crore and above

9.00

9.25

Calculate
Above 60 months up to 84 months 3 crore and above

8.00

8.50

Calculate

c) For domestic deposits - Less than Rs. 1 cr (last revised on Jul 01, 2014)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 15 days Less than Rs. 1 cr

5.00

5.00

Calculate
15 days to 179 days Less than Rs. 1 cr

7.00

7.00

Calculate
180 days up to 1 year Less than Rs. 1 cr

8.00

8.00

Calculate
Above 1 year up to 24 months Less than Rs. 1 cr

9.00

9.25

Calculate
Above 24 months up to 36 months Less than Rs. 1 cr

8.50

9.00

Calculate
Above 36 months up to 60 months Less than Rs. 1 cr

9.00

9.25

Calculate
Above 60 months up to 84 months Less than Rs. 1 cr

8.00

8.50

Calculate

Tax Saver Fixed Deposits (Amount capped at Rs. 1 lakh per Financial Year)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
Madhukar Tax Saving - 5 years Up to Rs. 1 lakh

9.00

N.A

Calculate

Tax Implications:

  • The amount invested in fixed deposits with a maturity period of 5 years in a Scheduled bank is eligible for tax deduction under section 80C. However, the interest earned on the deposit is taxable.
  • Tax will be deducted at the source, if the interest income on a fixed deposit per annum exceeds Rs.10000

a) For NRO Fixed Deposit - 1 crore and above but below Rs. 3 cr (last revised on Jul 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 15 days 1 crore and above but below Rs. 3 cr 5.00 Calculate
15 days to 179 days 1 crore and above but below Rs. 3 cr 8.00 Calculate
180 days up to 1 year 1 crore and above but below Rs. 3 cr 8.50 Calculate
Above 1 year up to 24 months 1 crore and above but below Rs. 3 cr 9.00 Calculate
Above 24 months up to 36 months 1 crore and above but below Rs. 3 cr 8.50 Calculate
Above 36 months up to 60 months 1 crore and above but below Rs. 3 cr 9.00 Calculate
Above 60 months up to 84 months 1 crore and above but below Rs. 3 cr 8.00 Calculate

b) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Feb 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 15 days Less than Rs. 1 cr 5.00 Calculate
15 days to 179 days Less than Rs. 1 cr 7.00 Calculate
180 days up to 1 year Less than Rs. 1 cr 8.00 Calculate
Above 1 year up to 24 months Less than Rs. 1 cr 9.00 Calculate
Above 24 months up to 36 months Less than Rs. 1 cr 8.50 Calculate
Above 36 months up to 60 months Less than Rs. 1 cr 9.00 Calculate
Above 60 months up to 84 months Less than Rs. 1 cr 8.00 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Jul 01, 2014)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Less than Rs. 1 cr 8.00 Calculate
Above 1 year up to 15 months Less than Rs. 1 cr 9.00 Calculate
15 months only Less than Rs. 1 cr 8.50 Calculate
Above 15 months up to 60 months Less than Rs. 1 cr 8.50 Calculate
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