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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 Dec 21, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 30 days 1 crore and above but below Rs. 3 cr

4.25

4.25

Calculate
31 days to 90 days 1 crore and above but below Rs. 3 cr

4.75

4.75

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

5.25

5.25

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

5.50

5.50

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

6.40

6.65

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

6.40

6.65

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

6.40

6.65

Calculate
Above 60 months up to 120 months 1 crore and above but below Rs. 3 cr

6.40

6.65

Calculate

b) For domestic deposits - 3 crore and above (last revised on Dec 21, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 30 days 3 crore and above

4.25

4.25

Calculate
31 days to 90 days 3 crore and above

4.75

4.75

Calculate
91 days to 179 days 3 crore and above

5.25

5.25

Calculate
180 days up to 1 year 3 crore and above

5.50

5.50

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

6.15

6.40

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

6.15

6.40

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

6.15

6.40

Calculate
Above 60 months up to 120 months 3 crore and above

6.15

6.40

Calculate

c) For domestic deposits - Less than Rs. 1 cr (last revised on Dec 21, 2016)

Maturity Period Deposit Amount

INTEREST RATE (% p.a.)

General

Senior Citizen

 
7 days to 30 days Less than Rs. 1 cr

4.25

4.25

Calculate
31 days to 90 days Less than Rs. 1 cr

4.75

4.75

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

5.25

5.25

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

6.50

6.50

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

7.25

7.50

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

7.25

7.50

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

7.15

7.40

Calculate
Above 60 months up to 120 months Less than Rs. 1 cr

7.15

7.40

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

7.15

7.40

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 Dec 21, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 30 days 1 crore and above but below Rs. 3 cr 4.25 Calculate
31 days to 90 days 1 crore and above but below Rs. 3 cr 4.75 Calculate
91 days to 179 days 1 crore and above but below Rs. 3 cr 5.25 Calculate
180 days up to 1 year 1 crore and above but below Rs. 3 cr 5.50 Calculate
Above 1 year up to 24 months 1 crore and above but below Rs. 3 cr 6.40 Calculate
Above 24 months up to 36 months 1 crore and above but below Rs. 3 cr 6.40 Calculate
Above 36 months up to 60 months 1 crore and above but below Rs. 3 cr 6.40 Calculate
Above 60 months up to 120 months 1 crore and above but below Rs. 3 cr 6.40 Calculate

b) For NRO Fixed Deposit - 3 crore and above (last revised on Dec 21, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 30 days 3 crore and above 4.25 Calculate
31 days to 90 days 3 crore and above 4.75 Calculate
91 days to 179 days 3 crore and above 5.25 Calculate
180 days up to 1 year 3 crore and above 5.50 Calculate
Above 1 year up to 24 months 3 crore and above 6.15 Calculate
Above 24 months up to 36 months 3 crore and above 6.15 Calculate
Above 36 months up to 60 months 3 crore and above 6.15 Calculate
Above 60 months up to 120 months 3 crore and above 6.15 Calculate

c) For NRO Fixed Deposit - Less than Rs. 1 cr (last revised on Dec 21, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)  
7 days to 30 days Less than Rs. 1 cr 4.25 Calculate
31 days to 90 days Less than Rs. 1 cr 4.75 Calculate
91 days to 179 days Less than Rs. 1 cr 5.25 Calculate
180 days up to 1 year Less than Rs. 1 cr 6.50 Calculate
1 year Less than Rs. 1 cr 7.25 Calculate
Above 1 year up to 24 months Less than Rs. 1 cr 7.25 Calculate
Above 24 months up to 36 months Less than Rs. 1 cr 7.15 Calculate
Above 36 months up to 60 months Less than Rs. 1 cr 7.15 Calculate

a) For NRE Fixed Deposit - Less than Rs. 1 cr (last revised on Dec 21, 2016)

Maturity Period Deposit Amount INTEREST RATE (% p.a.)
1 year Less than Rs. 1 cr 5.50 Calculate
Above 1 year up to 24 months Less than Rs. 1 cr 6.15 Calculate
Above 24 months up to 36 months Less than Rs. 1 cr 6.15 Calculate
Above 36 months up to 60 months Less than Rs. 1 cr 6.15 Calculate
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