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Latest fixed deposit rates offered by Saraswat Bank

Deposit Scheme Interest Rates. The interest rate on term deposits w.e.f 19th October,2011.

March 13, 2019 / 15:44 IST
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Saraswat Bank

Deposit Scheme Interest Rates The interest rate on term deposits w.e.f 19th October,2011.

Tenor

Rates for All categories

(% p.a)

15 days to 90 days

6.75

91 days to 179 days

7.50

180 days only

9.00

181 days to less than 1 yr

7.90

12 months only

9.25

Above 1 year but less than 2 years

8.25

2 Years only (BONANZA - II)

10.25

Above 2 years but less than 3 years

9.50

3 years to less than 5 years

8.25

5 years and up to 7 years

8.50

                                For Senior Citizens:

Tenor

Rates for All categories

(% p.a)

15 days to 90 days

6.75

91 days to 179 days

7.50

180 days only

9.00

181 days to less than 1 yr

7.90

12 months only

9.25

Above 1 year but less than 2 years

8.25

2 Years only (BONANZA - II)

10.25

Above 2 years but less than 3 years

10.00

3 years to less than 5 years

8.25

5 years and up to 7 years

8.50

                                              Deposits under Kalpataru Deposits scheme will be accepted for a period of above 12 months but up to 18 months.

Deposits under Recurring Deposits scheme will be accepted for a period of above 12 months but up to 18 months.

Interest Rate on Madhukar Scheme will be at 8.00% p.a.

Bank will be charging penal interest @1% on all deposits which are prematurely closed and reinvested regardless of the residual period of deposit. Besides the existing practice of charging penal interest (1%) on premature withdrawal of deposits will continue.   Source: Saraswat Bank
first published: Oct 21, 2011 01:59 pm

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