Saraswat Bank short-term Fixed Deposit interest rates
Saraswat Bank offers its customers with the most competitive interest rates in the market for short term fixed deposit accounts.
The rate of interest is a constant 6% p.a. across tenures of short durations. Saraswat Bank offers a range of tenures for customers to choose from. This allows the depositor to choose a tenure that meets his/her specific preference. By keeping the rate of interest a standard 6% p.a., Saraswat Bank ensures that investors with shorter deposit durations do not receive a discounted rate of interest.
This rate of interest is also applicable to senior citizens.
Tenures of 30 days, 60 days, 90 days and 120 days receive interest at the rate of 6% p.a.
All of the tenure options seem like good investment options in this category.
Saraswat Bank medium and long term Fixed Deposit interest rates
Saraswat Bank has been known for years to provide its customers with high returns on medium and long term fixed deposit account while ensuring to provide extremely appealing rates of interest.
Fixed Deposit account with tenures of 6 months and 9 months are given an interest rate of 7.25% p.a. Interest rate of 8.75% p.a. is given to Fixed Deposit account with tenures of 1 year and 1 year 6 months.
In the medium term category, tenures of 6 months and 1 year 6 months seem to show good returns.
Long tenure of 2 years also receives interest at the rate of 8.75% p.a. Tenures of 3 years are levied with an interest rate of 8.25% p.a. Tenures of 4 years and 5 years are offered with interest rate of 8.75% p.a.
In the long tenure category 3 years seems to be a sound investment option.
Saraswat Bank Senior Citizen Fixed Deposit interest rates
Saraswat Bank offers an additional 0.25% p.a. over the current rack rates for Senior Citizens for Fixed Deposit account tenures ranging between 1 year and 5 years.
In the Senior Citizen category, tenures ranging from 1 year to 2 years seem to provide sustainable returns. Tenures of 4 years and 5 years also look promising.
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