Catering to the special requirements of our customers with first-rate services. The Elite Savings Account allows you to deposit, transfer and withdraw from any of our branches.


  1. Individuals (singly or jointly)
  2. Minor by guardian
  3. Organizations
  4. Co-op. societies

Minimum balance:

  1. Initial deposit for opening the account is Rs.5000
  2. Average quarterly balance to be maintained is Rs. 5000

Rate of Interest:

3% p.a. w.e.f. 1st June 2020

Free Personal Accident Cover of Rs. 2 lacs:

  1. First year free
  2. 2nd year onwards Rs.26/- inclusive of applicable Tax

Special facilities/features:

  1. 40 personalized cheque leaves free in a financial year. thereafter Rs 4 /-per cheque leaf.
  2. Issuance of DD/PO free on Saraswat Bank locations.
  3. Online Internet Banking, Mobile Banking Facility is free.
  4. NEFT/ RTGS transactions  ( online/ branch) are free.
  5. Demat account : 1st year no annual maintenance charges.
  6. AMC waiver (lifetime) on Rupay/Visa debit cards.
  7. No cash handling charges

Service charges -

  1. ATM transactions
     Saraswat Bank ATM - 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 including financial and non-financial are free in a month. Thereafter Rs 20/- + GST per financial transaction and Rs 10/- + GST per non-financial transaction             will  be chargeable.

  1. Non-maintenance of minimum Average Quarterly Balance : Rs.250/- per quarter.

  1. Account closure charges - 
  • If within 6 months – Rs.250 +Rs.5 per unused cheque leaf.
    If within 1 year – Rs.150 + Rs.5 per unused cheque leaf.
Click Here for other Service Charges


Click here to download KYC documents submission requirement.