Deposit Scheme

Fixed Deposits

A Term Deposit is an Interest Payout at monthly and quarterly basis. Our Term Deposit shceme as follows

Savings has been an essential part of all the earnings, we at Saraswat Bank, help you earn more on your savings by offering savings schemes which come with suitable tenures and attractive interest rates.



A term deposit is an Interest Payout savings scheme which offers interest at half yearly, quarterly and monthly basis.

Kalpataru Deposits

The Kalpataru Deposit scheme is a cumulative interest scheme, this means that interest earned at the end of every quarter is invested along with the principal helping you make the most of your money.

Features & Benefits :

• TDS applicable Form 15H/15G required to be submitted for exemption of TDS.
• Nominal member of the bank will also be exempted from TDS. If you are exempt from paying tax, you need to present Form 15H when you open a Fixed Deposit and subsequently at the beginning of the following financial year.
• A minimum amount of Rs. 1000/- and further rise in multiples of Rs. 100/- is required to open Term Deposits Account.


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

Recurring Deposits

Just like little drops make an ocean, see your small investments every month turn into a huge amount at maturity by investing in our Recurring Deposit scheme.

Features & Benefits :

• Invest little sums every month
• Facility of Standing Instruction through which the amount can be debited from your savings account.
• Attractive Interest Rates
• Scheme applicable for 12 months to 36 months
• Amount of installment once fixed, cannot be changed.
• Recurring deposits are accepted in equal monthly installments of minimum Rs 5


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


• Penalty for delayed monthly installment Rs. 1.50 per Rs.100 p.a. In case of payment before maturity, Interest upto 15 days will be Nil.
• Above 15 days 1% less than applicable rate of Interest for the actual period for which deposit is kept with the Bank.