Shri Ajit Gawkar, brave Indian soldier died while fighting intruders/enemies at the Jammu and Kashmir Border. In recognition of his services to the country, Saraswat Bank appointed his wife in the services of the Bank on the occasion of 61st Independence Day.

In the dreadful terrorists attack in Mumbai on 26th November 2008, the first and hopefully the last of its kind,
many brave soldiers laid their life for the security of the people. Amongst them were Shri. Tukaram Ombale,  Shri. Balasaheb Bhosale, Shri . Arun Chitte, Shri. Murlidhar Choudhari and Shri Ambadas Ramchandra Pawar. In  recognition of their services Saraswat Bank  appointed Next of Kin of these brave soldiers in the  services of the Bank. Saraswat Bank salutes the Supreme sacrifice made by the Martyrs in the 26/11 attack on Mumbai.
(The beneficiaries of discretionary recruitment mentioned here in above, have been working to the full satisfaction of their superiors in the Bank. The Board of Directors proposes to keep all such discretionary recruitment below 1% of the Bank's total staff, while ensuring that the officers and clerks so appointed are minimum graduates and office assistants are minimum SSC).