Saraswat Bank Fixed Deposit (FD) Interest Rates 2026 – Latest Rates & Features
Saraswat Bank, one of India’s leading co-operative banks, offers attractive Fixed Deposit (FD) schemes in 2026 for customers looking for safe and guaranteed returns. With flexible tenure options and additional benefits for senior citizens, Saraswat Bank FDs are suitable for both short-term and long-term savings.
Here’s a complete guide covering the latest FD interest rates, features, eligibility, and how to open an FD.
Saraswat Bank FD Interest Rates 2026 – Quick Overview
| Category | Interest Rate (Per Annum) |
|---|---|
| Regular Customers | Typically 6.50% – 8.60% |
| Senior Citizens | Up to 0.50% – 0.75% higher |
| Tenure | 7 days to 10 years |
| Minimum Deposit | ₹1,000 (may vary by scheme) |
| Interest Payout | Monthly, Quarterly, Half-Yearly, Annually, or on Maturity |
FD interest rates may change periodically. Always confirm the latest rates through Saraswat Bank Net Banking, mobile app, or nearest branch before investing.
Saraswat Bank FD Interest Rates 2026 (Indicative – Tenure Wise)
| Tenure | Regular Rate | Senior Citizen Rate |
|---|---|---|
| 7 – 30 days | 6.50% | 7.00% |
| 31 – 90 days | 7.00% | 7.50% |
| 91 – 180 days | 7.50% | 8.00% |
| 6 – 12 months | 8.00% | 8.50% |
| 1 – 2 years | 8.25% | 8.75% |
| 2 – 3 years | 8.40% | 8.90% |
| 3 – 5 years | 8.60% | 9.10% |
| 5 – 10 years | 7.50% | 8.00% |
Rates are indicative for 2026 and may vary depending on the deposit amount and the bank’s policy.
Example – FD Maturity Calculation
If you invest ₹2,00,000 for 3 years at 8.60% (cumulative option):
- Estimated Interest Earned: ₹55,000 – ₹60,000
- Total Maturity Amount: Around ₹2,55,000 – ₹2,60,000
Actual returns depend on quarterly compounding.
You can calculate the exact maturity value using the FD calculator available in Saraswat Bank’s online banking portal.
Key Features of Saraswat Bank FD
Flexible Tenure Options
Choose tenure from 7 days up to 10 years.
Higher Interest for Senior Citizens
Customers aged 60+ years generally receive an additional interest benefit.
Loan Against FD
Loan or overdraft facility available up to 75%–90% of the FD value (as per bank policy).
Premature Withdrawal Facility
Allowed with penalty charges as per bank rules.
Multiple Interest Payout Options
- Monthly
- Quarterly
- Half-Yearly
- Annual
- Cumulative (interest paid at maturity)
Types of FD Schemes Offered
Saraswat Bank may offer:
- Regular Fixed Deposit
- Senior Citizen FD
- Tax Saving FD (5-year lock-in under Section 80C)
- Cumulative FD
- Non-Cumulative FD
- Special Tenure Deposit Schemes (limited-time offers)
Availability may vary in 2026.
Eligibility Criteria
✔ Resident Indian individuals
✔ Senior citizens
✔ Joint account holders
✔ HUF and institutions (subject to bank policy)
NRIs can check NRE/NRO FD schemes separately (if available).
Documents Required
For existing customers with updated KYC:
- No additional documents are typically required.
For new customers:
- Aadhaar Card
- PAN Card (mandatory)
- Address Proof
- Passport-size photograph (for branch application)
How to Open Saraswat Bank FD (Step-by-Step)
Method 1: Online via Net Banking (24×7)
- Log in to Saraswat Bank Net Banking.
- Go to Deposits → Open FD.
- Enter the deposit amount and choose the tenure.
- Select the interest payout option.
- Confirm nominee details.
- Submit using OTP authentication.
FD confirmation will be generated instantly.
Method 2: Through Mobile Banking App
- Open the Saraswat Bank Mobile Banking App.
- Select Open Fixed Deposit.
- Enter the required details and confirm.
Method 3: Visit Nearest Branch
- Fill FD application form.
- Submit KYC documents.
- Deposit funds via cheque or transfer.
- Collect the FD receipt.
Branch timings may vary by location.
Taxation Rules (2026)
- Interest earned is taxable as per your income tax slab.
- TDS may apply if interest exceeds the prescribed limits.
- Tax-saving FDs qualify under Section 80C (up to ₹1.5 lakh per financial year).
Is Saraswat Bank FD Safe?
Saraswat Bank is regulated by the RBI as a cooperative bank.
Deposits up to ₹5 lakh per depositor, per bank, are insured under DICGC.
For larger deposits, consider diversification across banks.
Frequently Asked Questions (FAQs)
1. What is the highest FD rate in Saraswat Bank in 2026?
A. Typically around 8.60% for regular customers, and higher for senior citizens, depending on tenure.
2. What is the minimum FD amount?
A. Usually ₹1,000, but may vary by scheme.
3. Can I withdraw FD before maturity?
A. Yes, premature withdrawal is allowed, but there is a penalty.
4. Is online FD booking available?
A. Yes, via net banking and mobile banking (24×7).
5. Is a loan against an FD available?
A. Yes, subject to bank rules.
Conclusion
Saraswat Bank FD Interest Rates 2026 offer competitive returns across multiple tenures with additional benefits for senior citizens. With flexible payout options, online booking facilities, and DICGC insurance coverage up to ₹5 lakh, Saraswat Bank FDs remain a secure and dependable investment option.
Before investing, always confirm the latest rates through official Saraswat Bank channels to ensure accurate details.
