Interest Rates

Lowest Personal Loan Interest Rates

Saraswat Bank offers you attractive interest rate on loans and deposits towards domestic and NRI customers.

Please Note that Bank's Prime Lending Rate (PLR) for advances has been revised to 15.60% w.e.f. 20th June, 2025.

Interest Rate on Retail Loans

Sr No.	Product	Rate of Interest (PLR = 15.60% p.a.)
1	Saraswat Home Plus - CIBIL Score W.E.F 20.06.2025	ROI starting from 7.50% to 8.90% p.a.* *ROI varies as per CIBIL score
1	Saraswat Home Plus - CIBIL Score W.E.F 20.06.2025	*0.05% consession for women borrower eligible to be classified as Priority Sector Lending.
2	Saraswat Xpress Car Loan ROI W.E.F 20.06.2025	ROI starting from 8.60% p.a.* *ROI varies as per CIBIL score
3	Pre-owned Car W.E.F 20.06.2025	ROI starting from 10.99% p.a.* *ROI varies as per CIBIL score
4	Loan Against Property	ROI starting from 9.55%* to 9.80% p.a.* *ROI varies as per property type
5	Ride with Pride W.E.F 20.06.2025	Period	Upto Rs. 2.00 lakh (General)	Above Rs. 2 lakh to 20 lakh (General)		Upto Rs. 2 lakh (Women / Divyang)	Above Rs. 2 lakh (Women / Divyang)
		Upto 3 yrs	11.25%		11.75%	10.75%	11.25%
		3 yrs to 5 yrs	12.25%		12.25%	11.75%	12.75%
6	Saraswat Udaan Education Loan W.E.F 20.06.2025	ROI starting from 8.20%* to 9.70% p.a.* *ROI varies as per CIBIL score
		Girl Child and Divyang - 0.50% discount
		Premier Institutes (IIM, IIT, XLRI & ISB, Govt Recognized Medical College) - 0.25% discount
		Total discount in ROI should not exceed 0.50%.
7	Doctor Delite (Floating) W.E.F 20.06.2025
7	Doctor Delite (Floating) W.E.F 20.06.2025	Upto 300 lakh			ROI starting from 8.50% to 10.75% p.a. * *ROI varies as per CIBIL score
8	Saraswat Insta Gold Loan W.E.F 20.06.2025	Floating (PLR – 6.85) 8.75% p.a.
9	E-Stock Loan W.E.F 20.06.2025	Floating (PLR – 6.35) 9.25% p.a.
10	Saraswat Insta Personal Loan (Fixed)	Fixed ROI starting from 12.00%* to 14.00% p.a.* *ROI varies as per CIBIL score
11	TOP UP (Fixed)	0.75% above Saraswat Home Plus
12	Saraswat Insta Group Loan	Fixed @10.00% p.a. (salary account with Saraswat Bank) Fixed @12.50%p.a. (general customers)
13	Against Govt/RBI Bonds W.E.F 20.06.2025	Floating (PLR – 4.85) 10.75%
14	Against Tangible Security (LIP/NSC/KVP) General and for individual engaged in agriculture (Floating) W.E.F 20.06.2025	Floating (PLR – 6.35) 9.25%
15	Special Scheme for Defense Forces	Personal Expenses – Applicable as per Saraswat Insta Personal Loan scheme. Home Loan – Applicable as per Saraswat Home Plus scheme. Education Loan – Applicable as per Saraswat Udaan Education Loan scheme.
16	DIVYANG JYOTI	Fixed 9.25% p.a*
17	Advance against Term Deposit	0.75% above FDR rate
18	Secured Advances	(PLR – 5.60) 10.00% p.a*
19	CGTMSE	(PLR – 3.60) 12.00% p.a*
20	CGTMSE Hybrid	(PLR – 4.60) 11.00% p.a*

Interest Rate on Commercial Loans

Interest Rate on Commercial Loans

The Board has revised the PLR to 15.60% p.a. w.e.f 20.06.2025.

Interest Rate structure applicable to all Commercial exposure above Rs. 150.00 lakh (Exposure = O/s Bal. of existing Term Loans+undisbursed portion of Term Loan + the sanctioned or O/s limits of Working Capital Facilities whichever is higher + the sanctioned or O/s limits of non-funded limits whichever is higher will be as under:

Marks Scored in Credit Rating	Rating Scale	Interest Rate applicable
90 and above	PRIME	PLR
86 and above but less than 90	A+	PLR+0.25%
81 and above but less than 86	A	PLR+0.50%
76 and above but less than 81	B+	PLR+0.75%
71 and above but less than 76	B	PLR+1.00%
66 and above but less than 71	B-	PLR+1.25%
56 and above but less than 66	C	PLR+1.50%
40 and above but less than 56	D	PLR+1.75%
Less than 40	E	PLR+2.00%

Rate of Interest for advances upto Rs 50 lakh will be Floating @PLR-3.00 % p.a. and for loans above Rs 50 lakh up to Rs 150 lakh will be floating @ PLR- 2.75% p.a.

For financing in Foreign Currency, rate of interest will be as per RBI Stipulations.

Interest on Loan/ Overdraft against Property

Floating PLR - 4.00% p.a.

Commercial Vehicle Loan

Rate of Interest

a) Upto Rs. 50 lakh

For Repayment period less than 3 years: PLR – 4.75% p. a

For Repayment Period more than 3 years: PLR – 3.75% p. a

b) Above Rs.50 lakh

For Repayment period less than 3 years: PLR – 5.25% p. a.

For Repayment Period more than 3 years: PLR – 4.25% p. a

INTEREST RATES ON RUPEE EXPORT CREDIT (PLR: 15.60% p.a. w.e.f. 20.06.2025)
TYPE OF FACILITY
Packing credit (from the date of advance)
Up to 270 days or production cycle whichever is less	PLR – 325 bps
Beyond 270 days from the date of advance / overdue packing credit	PLR + 125 bps
Current a/c recovery	PLR + 225 bps
Post shipment credit (from the date of advance)
On demand bills for transit period	PLR – 325 bps
On usance bills up to 180 days	PLR – 325 bps
Overdue period beyond the due date but not exceeding 180 days from the date of advance	PLR – 225 bps
ECNOS (export credit not otherwise specified) and interest on overdue advance beyond 180 days from the date of advance	PLR + 125 bps
Current a/c recovery	PLR + 225 bps

INTEREST RATES ON FOREIGN CURRENCY EXPORT FINANCE W.E.F. 01.01.2022
Packing Credit in foreign currency
Upto 180 days or production cycle whichever is less	500 bps over 6 months Term SOFR / ESTR (min. 5.50% p.a.)
Overdue PCFC	200 bps over above
Post shipment credit in foreign currency
On demand bills for transit period (as specified by FEDAI)	500 bps over 6 months Term SOFR / ESTR (min. 5.50% p.a.)
Against usance bills (credit for total period comprising usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable) up to 180 days from the date of shipment	500 bps over 6 months Term SOFR / ESTR (min. 5.50% p.a.)
Overdue PSCFC	200bps over above.

Interest rates are applicable w.e.f. 23.07.2012 on fresh advances disbursals. No additional charges should be levied.
Disbursement of Packing Credit and Post shipment credit in Foreign Currency is subject to availability of funds.

Interest Rate on Term Deposit

A) Interest Rates on Term Deposits below ₹ 1 Crore W.E.F. 09th September 2025 :

Tenor
Tenor	Domestic Term Deposit Rates for General Public & NRO (% p.a.)	Domestic Term Deposit Rates for Senior Citizens (% p.a.)
7 days to 14 days	3.25	3.75
15 days to 30 days	3.25	3.75
31 days to 60 days	3.50	4.00
61 days to 90 days	4.00	4.50
91 days to 179 days	4.75	5.25
180 days	5.75	6.25
181 days to 240 days	5.75	6.25
241 days up to less than 1 year	6.00	6.50
1 year	6.40	6.90
1 year 1 day to 1 year 10 days	6.40	6.90
1 year 11 days to 2 years	6.80	7.30
Above 2 years to 3 years	6.50	7.00
Above 3 years to 4 years	6.50	7.00
Above 4 years to 5 years	6.40	6.75
Above 5 years to 10 years	6.40	6.75

B) Interest Rates on Term Deposits for General Public and NRO - ₹ 1 Crore & Above (rates are subject to change from time to time):

Tenor	Domestic Term Deposit Rates for General Public & NRO (% p.a.)
Tenor	Rs. 1 crore and above to less than Rs. 2 crore	Rs. 2 crore & above to less than Rs. 5 crore	Rs. 5 crore & above to less than Rs. 10 crore	Rs. 10 crore & above
7 days to 14 days	3.25	4.50	4.50	4.50
15 days to 30 days	3.25	4.75	4.75	4.75
31 days to 60 days	3.50	5.50	5.50	5.50
61 days to 90 days	4.00	6.00	6.00	6.00
91 days to 179 days	4.75	6.25	6.25	6.25
180 days	5.75	6.50	6.50	6.50
181 days to 240 days	5.75	6.50	6.50	6.50
241 days to less than 1 year	6.00	6.50	6.50	6.50
1 year	7.15	7.00	7.00	7.00
1 year 1 day to 1 year 10 days	7.15	7.00	7.00	7.00
1 year 11 days to less than 16 months	7.15	7.00	7.00	7.00
16 months	7.50	7.00	7.00	7.00
16 months 1 day to 16 months 10 days	7.15	7.00	7.00	7.00
16 months 11 days to less than 24 months	7.15	7.00	7.00	7.00
24 months	7.25	6.80	6.80	6.80
24 months 1 day up to 3 years	7.00	6.80	6.80	6.80
Above 3 years to 5 years	6.75	6.60	6.60	6.60
Above 5 years up to 10 years	6.75	6.60	6.60	6.60

C) Interest Rates on Term Deposits for Senior Citizens - ₹ 1 Crore & Above :

D) Interest Rates on NRE Term Deposits :

6Tenor	Domestic Term Deposit Rates for Senior Citizens (% p.a.)
6Tenor	Rs. 1 crore and above to less than Rs. 2 crore	Rs. 2 crore & above to less than Rs. 5 crore	Rs. 5 crore & above to less than Rs. 10 crore	Rs. 10 crore & above
7 days to 14 days	4.50	6.50	6.50	6.50
15 days	6.00	5.00	5.00	5.00
16 days to 30 days	4.50	5.50	5.50	5.50
31 days	6.00	5.50	5.50	5.50
32 days to 60 days	4.50	6.50	6.50	6.50
61 days	6.00	6.50	6.50	6.50
62 days to 89 days	4.50	6.50	6.50	6.50
90 days	6.00	6.50	6.50	6.50
91 days to 179 days	5.25	6.75	6.75	6.75
180 days	6.25	7.00	7.00	7.00
181 days to 240 days	6.25	7.00	7.00	7.00
241 days up to less than 1 year	6.50	7.00	7.00	7.00
1 year	7.65	7.50	7.50	7.50
1 year 1 day to 1 year 10 days	7.65	7.50	7.50	7.50
1 year 11 days to less than 16 months	7.65	7.50	7.50	7.50
16 months	8.00	7.50	7.50	7.50
16 months 1 day to 16 months 10 days	7.65	7.50	7.50	7.50
16 months 11 days to less than 24 months	7.65	7.50	7.50	7.50
24 months	7.75	7.00	7.00	7.00
24 months 1 day up to 3 years	7.50	7.00	7.00	7.00
Above 3 years to 5 years	7.25	7.00	7.00	7.00
Above 5 years up to 10 years	7.25	7.00	7.00	7.00

D) Interest Rates on NRE Term Deposits ( W.E.F. 03rd March 2025 ):

Tenor	NRE Term Deposites
1 year	7.15	7.15	7.00
1 year 1 day to 1 year 10 days	7.15	7.15	7.00
1 year 11 days to less than 16 months	7.15	7.15	7.00
16 months	7.50	7.50	7.00
16 months 1 day to 16 months 10 days	7.15	7.15	7.00
16 months 11 days to less than 24 months	7.15	7.15	7.00
24 months	7.25	7.25	6.80
24 months 1 day up to 3 years	7.00	7.00	6.80
Above 3 years to 5 years	6.75	6.75	6.60

Note:-
1. Deposits under Kalpataru Deposits scheme will be accepted for a period of 12 months up to 36 months only.
2. Deposits under Recurring Deposits scheme will be accepted for a period of 12 months up to 36 months only.
3. Interest Rate on Madhukar Tax Savings Scheme will be at 6.75% p.a. payable quarterly.
4. Penalty of 1% on applicable rate of interest for the period the deposit has remained with the Bank will be levied on all premature withdrawal of deposits irrespective of whether the deposit is reinvested or not.
5. Interest rate for Senior Citizens will not be applicable for NRE/NRO Category.

Deposits under Saraswat Fixed Deposit (Cumulative Deposit) scheme will be accepted for a period of 12 months up to 36 months only.
Deposits under Saraswat Fixed Deposit (Recurring Deposit) scheme will be accepted for a period of 12 months up to 36 months only.
Penalty of 1% on applicable rate of interest for the period the deposit has remained with the Bank will be levied on all premature withdrawal of deposits irrespective of whether the deposit is reinvested or not.
Interest Rate on Saraswat Fixed Deposit (Tax Saving Deposit) Scheme will be at 7.00% p.a. payable quarterly.

Interest Rate on NRI Deposit

A) Interest Rates on FCNR/RFC Deposits from 02.09.2025

FCNR DEPOSITS:

Period of Deposit	USD
1 year to less than 2 years	5.35
2 years to less than 3 years	4.50
3 years to less than 4 years	4.10
4 years to less than 5 years	3.60
5 years	3.60

RFC SAVINGS DEPOSIT (USD) - 0.75%:

RFC FIXED DEPOSITS:	USD
1 year to less than 2 years	5.35
2 years to less than 3 years	4.50
3 years	4.10

The interest rates on FCNR deposits are subject to monthly revision.

For FCNR deposits in other currencies please contact International Banking Division.

Locate Us

Tenor	NRE Term Deposites
Tenor	Below Rs.1 crore	Rs. 1 crore & above to less than Rs. 2 crore	Rs. 2 crore & above
1 year	7.15	7.15	7.00
1 year 1 day to 1 year 10 days	7.15	7.15	7.00
1 year 11 days to less than 16 months	7.15	7.15	7.00
16 months	7.50	7.50	7.00
16 months 1 day to 16 months 10 days	7.15	7.15	7.00
16 months 11 days to less than 24 months	7.15	7.15	7.00
24 months	7.25	7.25	6.80
24 months 1 day up to 3 years	7.00	7.00	6.80
Above 3 years to 5 years	6.75	6.75	6.60

New Retail Internet Banking