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 (Registered under Society Registration Act, 1860)

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. 4 DD/PO free on Saraswat Bank locations in a financial year.
  3. Online Internet Banking, Mobile Banking Facility is free.
  4. NEFT/ RTGS transactions online are free.
  5. Demat account : 1st year no annual maintenance charges.
  6. AMC waiver for first 3 years  on Rupay/Visa debit cards.
  7. No cash handling charges till 300 pieces per day (T&C apply)

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 - 
  •      Within 14 days – No penal charges
         Above 14 days up to 6 months – Rs.250/- and Rs.5/- per unused cheque + GST
         Above 6 months up to 1 year – Rs.150/- and Rs.5/- per unusedcheque + GST
Click Here for other Service Charges


Click here to download KYC documents submission requirement.