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. Zero Balance


  1. Can be opened as Single/Joint or EoS only with parents/guardian    
  2. KYC Norms are as applicable to individuals’ accounts+ Copy of College ID of the student
  3. No Cheque Book  (The same can be issued on request only if the account holder is above 18 years with KYC documents.
  4. Personalised ATM card issued with consent from Parent & account holder – first year free.
  5. AMC waiver on Rupay/Visa debit cards for 1 year.
  6. No charges for transactions at Saraswat bank ATM.
  7. 3 transactions in metro and 5 transactions in non-metro (fin and non-fin) are allowed free at other banks ATM in a month.
  8. Demat account - first year free. 
  9. Internet Banking – Free
  10. One free remittance upto Rs.50,000/- each per calendar month favouring Educational Institutions by way of DD/PO. Amount above the prescribed free limit will be charged commission/exchange at normal rates.
  11. Interest concession on loans - 0.25% rebate in rate of interest and 25% waiver in prevailing processing fee on Educational Loans.
  12. 1.50% rebate in rate of interest on Loans for two-wheelers, laptops, tablets & mobiles.
  13. Loans to be applied jointly with parent/s with repayment capacity.
  1. Non-maintenance of minimum balance – Nil
  2. Pass-book / A/c statement - As applicable to SBPUB/SBCUB.
ATM Transactions & On-line Funds Transfer through NEFT/RTGS - Standard Charges applicable. 


All college students, above 14 years of age and up to 26 years of age, at the time of opening the account.

Mode of Holding:

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

Interest Rates:

Interest Rate applicable on campus Deposit Scheme is 3% p.a. w.e.f. 1st June 2020 quarterly rest.


Click here to download KYC documents submission requirement.

Mile yahan, Dono Jahan

True to its new tag line, "Mile Yahan Dono Jahan", Saraswat Bank is committed to bridging the gap between technology and tradition by bringing to its customers the best of both worlds.

Keeping tradition intact and embracing technology, the Bank has matched strides with India's digital revolution by offering various digital banking services designed to make banking more easy and convenient like mobile banking, internet banking, international VISA EMV and RuPay chip cards, etc. Simultaneously, through its emphasis on personalized attention, the Bank has maintained its personal touch with customers. Agility of the small bank with the ability of the large bank has been Saraswat Bank's enduring heritage new.

Contact Saraswat Bank

Corporate Office
Saraswat Co-operative Bank Limited
Ekanath Thakur Bhawan 953, Appasaheb Marathe Marg, Prabhadevi. Mumbai- 400 025
Tel: [+91] (022) 6600 5555