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An ideal for every employer and employee, Saraswat Bank’s Akshay Salary Scheme offers a host of premium services. An account that affirms no restriction of minimum balance, it also gives access to a whole gamut of banking services.

Minimum Balance:

  1. Nil

Features:

  1. Zero balance account
  2. 20 cheque leaves free p.a.
  3. No AMC charges on Rupay/ Visa debit card for 1 year.
  4. First 5 financial transactions per month are free at our banks ATM. Thereafter Rs.10/- +GST per financial transaction. Non- Financial ATM transactions are free
  5. 3 transactions in Metro and 5 transactions in non-metro including financial and non-financial are free at other banks ATM in a month. Thereafter Rs.20/- per financial transaction and Rs.10/-per nonfinancial transactions (excl GST)     would be applicable
  6. Free Internet banking, Mobile banking.
  7. Easy Loan up to Rs.5.00 lakh under our Multipurpose Loan scheme with an interest concession of 0.5% on the applicable rate. (t& c apply)

Eligibility:

  1. Individual salaried with no upper age limit.
  2. Net monthly salary to be above Rs.15000/-
  3. Permanent employees of reputed organizations of companies, Multinational companies listed on Stock Exchange, employer from State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions.

Interest Rates:

  1. 3% p.a on quarterly rest 


Service Charges:

  1. ATM transaction:
     Saraswat Bank ATM-First 5 financial transactions per month are free . Thereafter Rs 10/- +GST per financial transaction. No charges for Non Financial ATM transactions.
     Other Bank ATM- First 3 transactions in Metro and 5 transactions in non-metro including financial and non-financial are free per month. Thereafter Rs 20/- + GST per financial transaction and Rs 10/- + GSTper
     non-financial transactions would  be applicable

  1. Non-maintenance of minimum AQB balance (per quarter) - 
      Nil

  1. Account Closure - If the account is closed
      - Within 14 Days - No Penal Charges
      - Above 14 Days Upto 6 months - Rs.200/- Plus Rs.5/- per unused cheque + GST
      - Above 6 months Upto 1 year- Rs 150/- Plus Rs.5/- per unused cheque + GST.

Click Here for other Service Charges


Documents:

Click here to download KYC documents submission requirement.