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(PAN compulsory for all demat accounts)

Demat holders who do not wish to sell their shares can avail loan against their holdings from any of the Saraswat Bank branches or from any other bank by pledge or lien against the shares.

There are two parties involved under pledge, pledgor (borrower) and pledgee (lender). The pledgor and pledgee are required to initiate creation and confirmation of Pledge by submitting Annexure W.

Where the DP of the pledgor and the pledgee is different, pledgee's acceptance or rejection is communicated electronically to the pledgor's DP.

Once the loan is repaid, the securities pledged can be released either through Unilateral or Normal pledge.

Under Unilateral option, the pledgee releases the pledge against the shares and request from the pledgor is not required.

Under Normal option :

  1. The pledgor is required to initiate closure request to his DP. The pledged status will change to free balance once the pledgee confirms the repayment of the loan and confirms closure of pledge through their DP.
  2. Where the pledgor has defaulted in the repayment of loan, the pledgee may invoke the pledge in its favor.
  3. The process of creation and closure of pledge is simplified and expeditiously done as the client maintains a Depository account.
  4. Inspite of the shares being in the pledged status, the beneficiary will be entitled to corporate benefits offered by the companies from time to time.

Please contact us at user_demat@saraswatbank.com at 27884161- 64 or fax : 27884153


Mile yahan, Dono Jahan

True to its new tag line, "Mile Yahan Dono Jahan", Saraswat Bank is committed to bridging the gap between technology and tradition by bringing to its customers the best of both worlds.

Keeping tradition intact and embracing technology, the Bank has matched strides with India's digital revolution by offering various digital banking services designed to make banking more easy and convenient like mobile banking, internet banking, international VISA EMV and RuPay chip cards, etc. Simultaneously, through its emphasis on personalized attention, the Bank has maintained its personal touch with customers. Agility of the small bank with the ability of the large bank has been Saraswat Bank's enduring heritage new.

Contact Saraswat Bank

Corporate Office
Saraswat Co-operative Bank Limited
Ekanath Thakur Bhawan 953, Appasaheb Marathe Marg, Prabhadevi. Mumbai- 400 025
Tel: [+91] (022) 6600 5555
Email: corporatecenter@saraswatbank.com