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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

Features:

  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

Eligibility:

  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) - 
     NIL

  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


Documents:

Click here to download KYC documents submission requirement.