Saurashtra Gramin Bank FD Rates

What is the Saurashtra Gramin Bank Fixed Deposit?

Saurashtra Gramin Bank (SGB), a leading Regional Rural Bank in Gujarat, offers versatile Fixed Deposit (FD) schemes and better returns than a standard savings account. Customers can open Saurashtra Gramin FD with a minimum deposit amount of Rs. 1,000.

The tax benefits under Section 80C of the Indian Income Tax Act, 1961, are applicable to this scheme, with attractive interest rates for the customers from time to time and a nomination facility for all deposit accounts.

Saurashtra Gramin Bank FD Interest Rates 2026

Here are the latest Saurasrhta Gramin Bank FD rates 2026 for general and senior citizens:

Tenure

General Citizens Rate

Senior Citizens Rate

7 Days to 14 Days

4.10%

–

15 Days to 45 Days

4.25%

–

46 Days to 90 Days

5.00%

–

91 Days to 180 Days

5.50%

–

181 Days to 364 Days

6.50%

–

12 Months to 18 Months

7.25%

7.75%

19 Months to 24 Months

7.50%

8.00%

Recurring 12 Months to 18 Months

7.25%

–

Recurring 19 Months to 24 Months

7.50%

–

About Saurashtra Gramin Bank Fixed Deposit Calculator

Saurashtra Gramin Bank Fixed Deposit calculator is an easy-to-use, hassle-free tool that helps in quickly calculating the maturity amount and the interest receivable at the end of the policy tenure. By entering some basic details, you can calculate the correct FD amount. These are the general steps that an investor needs to follow to calculate Fixed Deposit rates on any FD Calculator:

The amount that is invested

The Rate of Interest offered

The tenure of the Fixed Deposit Account

The compounding period, that is, yearly, half-yearly, quarterly, or monthly

The FD Amount

Once the following details are entered, an investor will come to know:

The maturity value of the FD

The total interest earned during the complete tenure

Key Benefits of Saurashtra Gramin Bank Fixed Deposits

Below are the modified features and benefits based on the latest bank guidelines:

Capital Safety:

Your deposits are fully protected under the DICGC insurance scheme, covering up to ₹5 Lakh (principal + interest) per depositor.

Senior Citizen Benefit:

Investors aged 60 and above receive an additional 0.50% interest rate on their fixed deposits.

Minor Account Facility:

Guardians can open FD accounts for minors. Once the minor turns 18, they can independently manage or withdraw the funds upon providing valid age proof.

Flexible Payouts:

Based on your financial needs, you can choose between Monthly or Quarterly interest payments on your existing deposits.

Instant Liquidity:

Gain access to emergency funds with a Loan or Overdraft facility of up to 80% against your FD receipt. The loan's maturity is conveniently aligned with the FD's maturity date.

Tax Efficiency:

Under the Tax-Saving Term Deposit Scheme, customers can avail of tax deductions up to ₹1,50,000 under Section 80C.

Note: TDS is deducted from interest income as per the Income Tax Act.

Easy Management:

Features like Auto-Renewal and Nomination facilities ensure your investments are managed seamlessly, and your beneficiaries are secured.

Wide Eligibility:

Accounts can be opened by individuals, minors, NRIs, LLPs, partnerships, proprietary firms, companies, and trusts.

Summing Up

Saurashtra Gramin Bank fixed deposits provide competitive returns, with interest rates reaching up to 7.50% p.a. for the general public and 8.00% p.a. for senior citizens. By offering flexible interest payouts and a high-liquidity 80% loan facility, the bank ensures that your savings remain both safe and accessible. To ensure you are maximising your earnings, it is always wise to compare these yields with the latest FD interest rates in the broader market before locking in your funds.