To get an early grip of monetary transactions, we at Saraswat Bank encourage college students to hold an independent or a joint Savings Account. In sync with the millennial generation, our digital banking facilities will help them access their account with ease.

Minimum Balance:

  1. Initial deposit and Minimum average quarterly balance is Nil


  1. Rupay debit card issued with consent from Parent & account holder – first year free.
  2. No AMC on Rupay/Visa debit card for 1 year. (t & c apply)
  3. No AMC  charges  on demat account for 1st year.
  4. Free Internet Banking/Mobile Banking facility
  5. NEFT/ RTGS transactions  ( online/ branch) are free.
  6. One free remittance upto Rs.50,000/- each per calendar month favouring Educational Institutions by way of DD/PO. Charges applicable for amount above the prescribed free limit .
  7. KYC Norms are as applicable to individuals’ accounts+ Copy of College ID of the student
  8. Cheque Book facility available after 18 years of age
For below 18 years - Cheque Book facility is available under Regular Minor by Guardian Savings Account. To know more kindly refer Regular Saving Account


  1. Students, in the age group of 14 years to 26 years of age are eligible for opening Campus account.
  2. Can be opened as Single/Joint or EoS only with parents/guardian

Mode of Holding:

  1. Single
  2. Jointly or E/S ONLY with parents/guardian

Interest Rates:

3%p.a. on quarterly rest

Service Charges:

  1. ATM transaction-
    Saraswat Bank-First 5 financial transactions per month  are free. Thereafter Rs 10/- +GST per financial transaction. Non Financial  ATM transactions are free.
    Other Bank ATM-3 transactions in metro and 5 transactions in non-metro (financial  and non-financial) are allowed free.

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

  1. Account Closure - If the account is closed
      - Within 6 months - Rs.200/- plus Rs.5 per unused cheque.   
      - Within 1 year- Rs 150/- plus Rs.5 per unused cheque.

Click Here for other Service Charges


Click here to download KYC documents submission requirement.