Saraswat Bank FD Interest Rates 2026

What is the Saraswat Bank Fixed Deposit?

Saraswat Bank Fixed Deposit allows customers to deposit a fixed amount for a specific tenure and earn interest at a predetermined rate. The minimum deposit amount for Saraswat Bank FD is ₹1,000. Interest payments can be cumulative, paid at maturity, or non-cumulative, paid monthly, quarterly, half-yearly, or annually. 

Saraswat Bank FD Interest Rates: Key Highlights

Saraswat Bank FD Interest Rates: Latest Updates 

Saraswat Bank has changed its fixed deposit (FD) interest rates, providing a big boost to senior citizens. The new rates take effect from August 2025.

Saraswat Bank FD Interest Rates

The table below shows the Saraswat FD rates for both regular customers and senior citizens for different periods.

Saraswat Bank FD Rates for Term Deposits (Below ₹1 Crore)

Saraswat Bank FD Interest Rates W.E.F. 04th April 2026

Saraswat Bank FD Rates for Term Deposits (Above ₹1 crore to less than ₹2 crore)

*Saraswat Bank FD Interest Rates w.e.f. April 01, 2026 

Types of Saraswat Bank FD Schemes

1. Regular Fixed Regular (FR)

   This is a short-term FD for those looking to park their surplus funds for a brief period. The interest is simple and paid out at maturity.

   • Tenure: 7 days to 364 days
   • Simple Interest: Earn a fixed, predictable return
   • Loan Facility: up to 90% of the deposit amount
   • Overdraft Facility: Available 

2. Fixed Monthly (FM) 

   This scheme is ideal for individuals who need a steady, predictable income stream from their savings.

   • Tenure: 12 months to 10 years
   • Regular Income: Every month
   • Long-Term Planning: Suitable for long-term investments
   • Loan Facility: You can get a loan against your deposit

3. Fixed Quarterly (FQ) 

   Similar to the monthly option, this scheme provides a regular payout but every quarter.

   • Tenure: 12 months to 10 years.
   • Consistent Payouts: Receive interest every quarter
   • Long-Term Security: Offers a secure investment option for extended periods
   • Overdraft Facility: An overdraft facility is available

4. Kalpataru Deposit (KD) 

   This is a cumulative deposit scheme, perfect for those who want to grow their corpus over time through the power of compounding.

   • Tenure: 12 months to 3 years
   • Compounding Interest: Interest is reinvested quarterly
   • Lump-Sum Payout: paid out as a lump sum at maturity
   • Premature Withdrawal: Available with Loan facilities

5. Madhukar Tax Saving Deposits 

   This scheme is designed for tax-conscious investors who want to save on taxes under Section 80C while earning a fixed return.

   • Tenure: 5 years (lock-in period)
   • Tax Deduction: up to ₹1.5 lakh per financial year 
   • Deposit Amount: Minimum - ₹5,000, maximum is ₹1.5 lakh
   • Guaranteed Returns: Offers a fixed interest rate on your investment

Key Benefits of Saraswat Bank FD

Some of the major advantages of the Saraswat Bank Fixed Deposit include:

• Loan Against FD: Saraswat Bank lets you take a loan of up to 90% of your fixed deposit amount and the interest earned. The loan is provided based on the bank’s approval.
• Eligibility: Saraswat Bank Fixed Deposits are available to individuals (single or joint account holders), minors through guardians, Hindu Undivided Families (HUFs), organisations, and cooperative societies.
• Tax Saver FD: Saraswat Bank also offers a Tax Saving FD scheme with a minimum deposit requirement of ₹1,000 and a mandatory lock-in period of 5 years. 
• Premature Withdrawal: Saraswat Bank allows premature withdrawal of fixed deposits. In such cases, a 1% penalty is deducted from the applicable interest rate for the period the deposit was held with the bank. This penalty applies even if the withdrawn amount is reinvested.
• Sweep-in/Sweep-out facility: Saraswat Bank offers a Sweep-in/Sweep-out feature on eligible savings accounts. Any surplus funds above a set threshold are automatically transferred into a short-term FD to earn higher interest. If the account balance falls below the threshold, the required amount is automatically swept out from the FD to maintain liquidity.

How to Open a Saraswat Bank Fixed Deposit?

A Saraswat Bank fixed deposit is a great way to grow your money safely and predictably. These deposits let you lock in a lump sum for a specific period to earn a higher interest rate than a regular savings account. You can open a Saraswat Bank FD using both online and offline methods.

Online FD Account Opening

For existing customers, opening a fixed deposit online is a convenient and secure process.

• NetBanking or KVB DLite App: Log in to your Saraswat Bank Internet Banking account or the KVB DLite mobile banking app 
• Go to ‘Fixed Deposit’: Navigate to 'General Services', then 'Service Request', followed by 'New Request'. 
• Click on “Open a Term Deposit”: Under the 'Deposits' option, you can select 'Open a Term Deposit'.
• Enter FD Details: Choose the FD scheme, enter the amount, the tenure, and the interest payout frequency.
• Review & Confirm: Carefully review the details, including maturity instructions and nominee information. 
• Accept and submit: Accept the terms and conditions and submit the request.
• FD Receipt: The bank will issue a digital fixed deposit receipt.

Offline FD Account Opening

If you prefer a traditional approach, you can open an FD by visiting your nearest Saraswat Bank branch.

• Visit a Branch: Go to any Saraswat Bank branch with the necessary documents. 
• Fill out the FD Form: Obtain and fill out the application form
• Submit Documents: Submit the completed form along with the required KYC documents 
• Deposit Funds: Deposit the FD amount using cash, a cheque, or a fund transfer.
• Get the FD Receipt: Once your application is processed, the bank will issue a physical Fixed Deposit Receipt. 

Eligibility Criteria 

Here are the eligible people who can open Saraswat Bank FD - 

• Individuals (singly or jointly), 
• Minor by guardian,
• Organizations,
• Co-op. Societies

Key Takeaways

Saraswat Bank Fixed Deposits offer multiple deposit options, including regular, monthly, quarterly, cumulative, and tax-saving FDs. Depositors can open FDs online and offline by submitting the required identity and address proofs. The bank provides loans against FDs up to 90% of the deposit amount, which can be availed in emergencies and also applies for the Saraswas credit card against FD. It is advisable to check FD interest rates across different banks in India before investing to make an informed decision.