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Deposits
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Deposits

Regular Savings Account

Inculcate the habit of saving through our Easy and Convenient Features and avoid thrift. Personalized Service coupled with technology enabled products is the Hallmark of our Service.

Features and Benefits:

  • Wide Network of Branches and ATM coverage. Get connected to ATMs across the world through our VISA Debit Card.
  • Bank offers convenient facilities like Net Banking. Take advantage of Easy Pay, an instant solution to all your frequent utility bill payments.
  • Never Overspend! Shop using our International Visa Debit Card depending on the balance in your saving account.
  • Free Personalized Cheque Book with name printed on each cheque leaf for enhanced security.
  • Free Passbook facility available at home branch for account holders (individuals).

Interest Rates:
Interest Rate applicable on Savings Deposit Scheme is 4% p.a. w.e.f. 1st April 2012

Eligibility:
Our Savings Account is for anyone who is a resident individual (sole or joint) or comes from a Hindu undivided family. A Trust and Foundation can also open a Savings Account.

Elite Savings Account

Banking with an edge, with Elite Savings account we are here to give a host of services just for free all you need to do is maintain a minimum average quarterly balance of just Rs 5000/-.

  • All the branches of the bank on Core Banking.
  • Deposit/ Transfer/ Withdraw cash from any of our branches.

Features and Benefits:

  • Bank offers you a higher interest saving account as you are offered Sweep in /Sweep out facility wherein excess balance of Rs 10000 would be transferred to a term deposit in multiple units for 1 year.
  • Free Personal Accident Insurance Cover of Rs 2.00 Lakhs for the first year to the first account holder only.
  • Convenient facilities like Net Banking offered absolutely free.
  • Never overspend. Shop using your International Visa Debit Card depending on the balance in your saving account.
  • Wide Network of Branches and ATM coverage. Get connected to ATMs across the world through our VISA Debit Card.
  • Avail of Safe Deposit Locker facilities (subject to availability).
  • Free unlimited issuance of DD/PO on Saraswat Bank Locations.
  • Bank provides personalized/non personalized cheque book (50 leaves) every half year FREE.
  • Pay your electricity bills, telephone bills, Cellular Phone Bills, Insurance Premium and many more through "Easy Pay Facility". Bank does not charge you for availing these services.

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

Elite Current Account

Our Bank offers you freebies and add-ons that enhance your banking experience with us. Open an Elite Current Account and enjoy plethora of services all by maintaining a minimum balance of Rs 10,000/-. We offer Any Branch Banking to facilitate easy banking for you with the following salient feature.

  • All the branches of the bank on Core Banking.
  • Deposit/ Transfer/ Withdraw cash from any of our branches.

Features and Benefits:

  • Minimum balance of Rs 10000/- only
  • Deposit / Withdraw cash from any of our branches
  • Transfer funds from one account to another within Saraswat Bank
  • Earn interest in your current account with our Sweep in/Sweep out facility wherein excess balance of Rs 20,000/- in your current account will be transferred to a term deposit in multiple units for 1 year.
  • Free Internet Banking and Mobile Banking facility that enables you to check your account balance and transactions in your account.
  • Shop using your International Visa Debit Card
  • Free personalized cheque book with "Payable at Par" facility across all cities where Saraswat Bank has a branch
  • Free use of "Easy Pay Facility" to pay your electricity bills, telephone bills etc.

Eligibility:
You can open a Current account with us if you are:

  • Public or Private Limited Companies
  • Partnership Firms
  • Proprietorship Concerns
  • Trusts

Akshay Salary Account

Our Bank offers a scheme for employers and employees to open their salary accounts with us which offers a host of premium services which keep you ahead of the Pack. There is no restriction of minimum balance and employees get access to whole gamut of Banking Services. We indulge your employees, thereby enhancing their job satisfaction.

  • All the branches of the bank on Core Banking.
  • Deposit/ Transfer/ Withdraw cash from any of our branches.

Features and Benefits:

You are eligible if you are a salaried individual up to 55 years of age working with reputed organization.

  • Zero Balance Account.
  • Overdraft facility equivalent to average net monthly salary maximum up to Rs 50000/-(salary of last 3 months to be taken into consideration).
  • Easy Loan up to Rs. 2.00 Lakhs under Multi-purpose Loan Scheme with 0.50% concession on applicable rate.
  • Free Net Banking and Mobile Banking facility 
  • Two personalized cheque books free.
  • Any Branch Banking for transfer transactions and also for Cash deposit/withdrawal up till Rs 25000/- is free.
  • Preferred weightage to avail other loans from the Bank.

Eligibility:
You are eligible if you are a salaried individual up to 55 years of age working with reputed organization.

Campus Account

Our Bank offers you the Best facilities for young adults to encourage the habit of savings right from Teens. Make your Child aware of the banking operations at the right age. Open his / her CAMPUS Account

Features and Benefits:

  • Zero balance saving account
  • ATM cum VISA Debit Card
  • Free Internet Banking
  • Concessions in Loans
    • Saraswati Education Loan: 0.25% rebate in rate of interest and 25% waiver in prevailing processing fee
    • Multipurpose Loan: 1.50% rebate in rate of interest on Loans for two-wheelers, laptops, tablets and mobiles.
      • Free issuance of one Demand Draft or Payorder per month upto Rs. 50000/- favoring Educational Institute
      • No Annual Maintenance charges in case of Demat account for the 1st year

Eligibility: 
All college students, above 14 years of age and upto 26 years of age, at the time of opening the account.

Term Deposit Accounts

Earn high returns on every penny you save, invest in our Deposit schemes which are available at the best interest rates and suitable tenures.

Term Deposits
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.

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

Eligibility for above mentioned investment avenues
Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies.

Madhukar Tax Saving Deposits
Saving helps, but saving wisely helps earn better returns. With our Madhukar Deposit scheme, you can earn higher returns than any other tax saving scheme by investing for a fixed period of 5 years and getting tax benefit under section 80 C of IT Act 1961. This scheme is only for individuals looking for tax saving investment avenues.

Saraswat-Bank
Saraswat-Bank