What is the highest Saraswat Bank FD rate for senior citizens?

The highest Saraswat Bank Senior Citizen FD rate is 7.30% p.a. on deposit for the tenure of 2 to 4 Years.

Is Saraswat Bank FD Safe for Senior Citizens?

Saraswat Bank fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a Saraswat Bank FD?

Yes, Saraswat Bank offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Saraswat Bank Senior Citizen FD?

The minimum amount required to open a Saraswat Bank Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Saraswat Bank Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Saraswat Bank Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Saraswat Bank Senior Citizen Fixed Deposit Rates

Name: Saraswat Bank Senior Citizen FD Rates
Brand: Interest Rates
Rating: 4.8 (13736 reviews)

Saraswat Bank offers attractive FD rates for senior citizens ranging from 3.50% to 7.30% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Saraswat Bank Senior Citizen FD rates.

Saraswat Bank Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.30%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available
Loan Against FD	Up to 90% of the fixed deposit amount.

Saraswat Bank Senior Citizen FD Rates

The table below provides a detailed breakdown of Saraswat Bank Senior Citizen FD rates across different tenure options.

Tenure	Senior Citizen FD Rates (per annum)
7 days to 14 days	3.50%
15 days to 30 days	3.65%
31 days to 60 days	4.00%
61 days to 91 days	4.50%
92 days	5.00%
93 days to 179 days	5.25%
180 days	6.00%
181 days to 240 days	6.25%
241 days up to less than 1 year	6.50%
1 year	7.10%
1 year 1 day to 1 year 10 days	7.10%
1 year 11 days to 2 years	7.10%
2 years 1 day to 2 years 10 days	7.10%
2 years 11 days to 3 years	7.30%
Above 3 years to 4 years	7.30%
Above 4 years to 5 years	7.10%
Above 5 years to 10 years	7.10%

Use the Saraswat Bank FD Calculator below to estimate the maturity amount and interest earned on your Saraswat Bank fixed deposit based on your investment amount, tenure, and applicable FD rate.

Compare Saraswat Bank Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Saraswat Bank for specific tenures. The table below compares Saraswat Bank senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Saraswat Bank	7.30% (2 to 4 Years)
Shivalik Small Finance Bank	8.50% (23 to 27 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (2 to 3 Years)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (2 to 3 Years)
Slice Small Finance Bank	7.75% (18 Months 1 day to 18 Months 2 day
DCB Bank	8.00% (24-25, 34-35 and 60-61 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
Bank of India	7.60% (3 years)
ICICI Housing Finance	7.10% (45 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Bank of Baroda	7.25% (555 Days)

Frequently Asked Questions