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Savings
Home » Personal » Deposit Schemes » Savings

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Savings


Regular Savings Account
Inculcate the habit of saving through our Easy & Convenient Features & avoid thrift. Personalized Service coupled with technology enabled products is the Hallmark of our Service.
Features & Benefits:
  • Wide Network of Branches & ATM coverage. Get connected to ATMs across the world through our VISA Debit Card.
  • Bank offers convenient facilities like Net Banking. Take advantage of Easy Pay, an instant solution to all your frequent utility bill payments.
  • Never Overspend! Shop using our International Visa Debit Card depending on the balance in your saving account.
  • Free Personalized Cheque Book with name printed on each cheque leaf for enhanced security.
  • Free Passbook facility available at home branch for account holders (individuals).
Interest Rates:
Interest Rate applicable on Savings Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.
Eligibility:
Our Savings Account is for anyone who is a resident individual (sole or joint) or comes from a Hindu undivided family. A Trust & Foundation can also open a Savings Account.

Documentation: Originals & Self-attested copies to be submitted for verification

Individuals:

    • One latest passport size photograph
    • Pan card or Form 60
    • Aadhaar card is mandatory
    • If the address on Aadhaar is different as that declared by him /her in the account opening form, any of the below officially valid documents should be accepted:

    Passport/Driving License/Voter's Identity Card/NREGA Job Card

Housing Societies
    • Certificate of Registration
    • Copy of the resolution by the Board authorizing the members concerned to open and operate the account
    • Documents of the authorised signatories as mentioned above for Individuals
Hindu Undivided Family 
    • Pan Card of HUF
    • Identity and address proof of Karta
    • Declaration form for HUF duly filled in and signed by Karta with stamp of HUF and Coparcener
Trust & Foundation
    • Copy of the trust deed
    • Copy of the registration certificate
    • Copy of the resolution by the trustees authorising the members concerned to open and operate the account
    • Any officially valid document identifying the authorized signatories and their addresses as given above
    • Pan Card  
Originals & Self-attested copies to be submitted for verification.
Download the Account opening form NOW

CUBS Account for Kids


No matter how old your kids are, they will always be your precious babies in your eyes! Your child stands for your HOPES & DREAMS.

Why not instill Good Habits in your child in their formative years!

We at Saraswat Bank understand your needs & therefore have come out with a scheme to inculcate the habit of saving in your child. Your child also receives attractive gifts & a personalized passbook

Features & Benefits:
  • Initial deposit of Cubs account is Rs 50/- and subsequent deposits in multiples of Rs 10/- no periodic compulsion for subsequent Deposit.
  • Starting with a small amount of Rs.50/-, a CUB Account holder has to save Rs. 500 /-over a period of one year.
  • Facility to deposit cash in school premises on predetermined days.
  • After completion of 14 years of age minor/student can operate the account and is also entitled to a VISA Debit Card facility.
  • Bank does not charge you for non-maintenance of minimum balance for first year.
  • A personalized passbook in the name of the child.
Interest Rates
Interest Rate applicable on Savings Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.
Eligibility:
  • To be a 'CUBS' account holder you should be a minor/student (upto the age of 21 years).

Documentation: Originals & Self-attested copies to be submitted for verification

  • 1 latest passport size photograph of the child and parent 
  • Birth proof of the child is mandatory
  • PAN card / Form 60 of child and parent
  • Aadhaar card of parent is mandatory
  • If the address on Aadhaar is different as that declared by him /her in the account opening form, any of the below officially valid documents should be accepted:

    Passport/Driving License/Voter's Identity Card/NREGA Job Card



Cubs Deposit Form


CAMPUS Account for College students


Our Bank offers you the Best facilities for young adults to encourage the habit of savings right from Teens. Make your Child aware of the banking operations at the right age. Open his / her CAMPUS Account
Features & Benefits:
  • Zero balance saving account
  • ATM cum VISA Debit Card
  • Free Internet Banking
  • Concessions in Loans
    • Saraswati Education Loan: 0.25% rebate in rate of interest and 25% waiver in prevailing processing fee
    • Multipurpose Loan: 1.50% rebate in rate of interest on Loans for two-wheelers, laptops, tablets & mobiles.
      • Free issuance of one Demand Draft or Payorder per month upto Rs. 50000/- favoring Educational Institute
      • No Annual Maintenance charges in case of Demat account for the 1st year
Eligibility: 
All college students, above 14 years of age and upto 26 years of age, at the time of opening the account.
Mode of Holding:
  • Single
  • Jointly or E/S ONLY with parents/guardian
Interest Rates:
  • Interest Rate applicable on campus Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.

Documentation:  Originals & Self-attested copies to be submitted for verification

  • 1 latest passport size photograph of the student and parent (if opened jointly with parent)
  • Latest College Identity card of the student as a proof of bonafide student
  • PAN card /Form 60 of student and parent (if opened jointly with parent)
  • Aadhaar card of student and parent (if opened jointly with parent) is mandatory
  • If the address on Aadhaar is different as that declared by him /her in the account opening form, any of the below officially valid documents should be accepted:
Passport/Driving License/Voter's Identity Card/NREGA Job Card


Download the Account opening form NOW

Akshay Salary Account


Our Bank offers a scheme for employers and employees to open their salary accounts with us which offers a host of premium services which keep you ahead of the Pack. There is no restriction of minimum balance and employees get access to whole gamut of Banking Services. We indulge your employees, thereby enhancing their job satisfaction.
Features & Benefits:
You are eligible if you are a salaried individual up to 55 years of age working with reputed organization.
  • Zero Balance Account.
  • Overdraft facility equivalent to average net monthly salary maximum up to Rs 50000/-(salary of last 3 months to be taken into consideration).
  • Easy Loan up to Rs. 2.00 Lakhs under Multi-purpose Loan Scheme with 0.50% concession on applicable rate.
  • Free Net Banking and Mobile Banking facility 
  • Two personalized cheque books free.
  • Any Branch Banking for transfer transactions and also for Cash deposit/withdrawal up till Rs 25000/- is free.
  • Preferred weightage to avail other loans from the Bank.
Eligibility:
  • You are eligible if you are a salaried individual up to 55 years of age working with reputed organization.
Interest Rates: 
Interest Rate applicable on Savings Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.

Documentation: Originals & Self-attested copies to be submitted for verification

  • 1 latest passport size photograph 
  • Pan Card or Form 60
  • Aadhaar card is mandatory
  • If the address on Aadhaar is different as that declared by him /her in the account opening form, any of the below officially valid documents should be accepted:

    Passport/Driving License/Voter's Identity Card/NREGA Job Card




Download the Account opening form NOW

Suvidha Account

A Savings Account with all convenient features and that too with '0' balance, that's why we call it Suvidha.
Features & Benefits:
  • Access to our wide network of Branches & ATM.
  • Bank offers convenient facilities like Net Banking and Mobile Banking free of cost.
  • Take advantage of Easy Pay, an instant solution to all your frequent utility bill payments.
  • Personalized Cheque Book facility.
  • No minimum balance charges.
  • No Limit to the number of credit transaction per month.
Interest Rates: 
Interest Rate applicable on Suvidha Savings Deposit Scheme is 4% p.a. with quarterly rest.
Eligibility:
Our Suvidha Savings Account is for anyone who is a resident individual (sole or joint) or comes from a Hindu undivided family.
Documentation:
Originals & Self-attested copies to be submitted for verification
  • One latest passport size photograph
  • Pan Card or Form 60
  • Aadhaar card is mandatory
  • If the address on Aadhaar is different as that declared by him /her in the account opening form, any of the below officially valid documents should be accepted:
Passport/Driving License/Voter's Identity Card/NREGA Job Card

Service Charges:
  • Maximum of 4 debit transactions are allowed per month free of charge to the customer together for cash withdrawals at branch and for ATM transactions done at Saraswat Bank ATMs. Thereafter, Cash Withdrawal at branch will be charged at Rs 10/- per transaction and Cash Withdrawal at Saraswat Bank ATMs will be offered free of charge.
  • No charges will be applicable for non-operation of account or activation of inoperative account.
Other Points:
  • Holders of Suvidha Savings Account will not be eligible for opening any other savings bank deposit account with our bank.
  • If a customer has any other existing savings bank deposit account in our bank then he/she will not be allowed to open Suvidha Savings Account with our bank. In case he desires to have a Suvidha Savings Account then his earlier account has to be closed. This restriction is applicable incase of existing Joint Account also.
Originals & Self-attested copies to be submitted for verification.
Download the Account opening form NOW

Janhit Account

Banking services at affordable costs for making banking available to every individual.
Features and Benefits:
  • Minimum balance requirement is just Rs 100/-
  • The initial deposit required would be Rs 250/-
  • Standing instruction facility available for credit transactions.
  • Free Passbook.
  • Avail Free ATM Card. ATM Cards can be used at Saraswat Bank ATM's only. 
  • Visa Debit Card free for 1st year Rs 99/- p.a. thereafter 
  • Intra Day Cash Limit of ATM/Visa Card is Rs 25000/- only
  • The account can be operated only in the home branch.
Eligibility:
Any individual can open the account either singly or jointly.
Interest Rates:
Interest Rate applicable on Janhit Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.
Documentation:
  • 1 latest passport size photograph
  • Pan Card or Form 60
  • Aadhaar card is mandatory
MY MONEY SAVINGS ACCOUNT

Saraswat Bank offers attractive banking facilities to teenagers to encourage habit of savings right from Teens. It is also meant to make the teenagers learn techno-based banking at an early age. You can make your son/daughter aware of the banking operations at the right age. Open his / her My Money Savings Account with our Bank.
Features and Benefits:
  • Free One DD/PO per month with upper cap of Rs 5,000/-
  • Debit Card facility
  • Free Internet Banking facility
  • Free Mobile Banking and SMS Banking facility
Eligibility:
Minors, above 10 years of age and upto 18 years of age (at the time of opening the account).
Mode of Holding:
Single
Restrictions:
  • Maximum 1.00 lakh credit balance allowed in the account during the calendar year.
  • Maximum 2 debit transactions (inclusive of debit card, internet banking and mobile banking) allowed per month with total upper cap of Rs 10,000/-. Bank charges will not be counted while considering the 2 debit transactions.
  • No limit on credit transactions.
  • No overdrawings/ debit balance be allowed and the account should always remain in credit at any point of time.
Interest Rates:
Interest Rate earned on My Money Deposit Savings Account is 4% p.a.
Documentation: Originals & Self-attested copies to be submitted for verification
  • 1 latest passport size photograph
  • PAN Card or Form 60
  • Aadhaar Card is mandatory
  • If the address on Aadhaar is different as that declared by him /her in the account opening form, any of the below officially valid documents should be accepted:
  • Passport/Driving License/Voter's Identity Card/NREGA Job Card
Pradhan Mantri Jan Dhan Yojhana (PMJDY) Savings Account

Features and Benefits:
  • Free personalized RuPay debit card with usage at all ATMs, merchant establishment and e-commerce in India
  • Free inbuilt accident cover of Rs. 1 lakh with RuPay debit card
  • Facility of Any Branch Banking
  • No minimum balance requirement
  • Enjoy direct benefit transfer to receive Govt. subsidies by linking your Aadhaar Number to the account
  • Free SMS Banking facility
Interest Rates:
Interest Rate applicable on PMJDY Savings Account is 4% p.a. with quarterly rest.
Eligibility:
A resident individual of above 10 years of age can open PMJDY Savings Account.
Mode of Holding:
Single or joint
Restrictions:
  • No limit on the number of credit transactions during a month.
  • Daily combined limit for RuPay debit card is Rs 10,000/- which includes cash withdrawal at ATM, usage at merchant establishment and e-commerce.
  • No restrictions for Rupay debit card on the number of transactions at merchant establishment
Service Charges:
  • Free 4 cash withdrawals at branch per month. Thereafter, each cash withdrawal will be charged at Rs.10/- plus service tax per transaction.
  • Free cash withdrawal at Saraswat Bank ATMs.
  • On other Bank ATMs, free first 5 transactions (financial and non-financial) per calendar month. Thereafter, each cash withdrawal will be charged at Rs. 20/- plus service tax and each non-financial transaction will be charged at Rs. 10/- plus service tax.

Documentation: Originals & Self-attested copies to be submitted for verification

  • 1 latest passport size photograph
  • Pan card or Form 60 
  • Aadhaar card is mandatory
  • If the address on Aadhaar is different as that declared by him /her in the account opening form, any of the below officially valid documents should be accepted:
Passport / Driving License/ Voter's Identity Card/ NREGA Job card
Other Points:
  • Holders of PMJDY Savings Account with one branch will not be eligible for opening another PMJDY Savings Account at any other branches of our Bank or with another Bank.
  • If an individual has an existing live Savings Account (other than PMJDY) in our Bank then he/she need not open a separate PMJDY Savings Account.
  • Download the Account opening form NOW
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Saraswat-Bank
Saraswat-Bank