With Saraswat Bank, be rest assured as your funds are in safe hands and your investments are growing. Along with this, enjoy unrestricted access to your account with the best in class premium service by maintaining an average quarterly balance of Rs. 25,000/-. You can also take benefit of the Sweep In/Sweep Out facility that allows flawless fund transfer to your fixed deposit allowing you to earn higher interest rates.


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

Minimum balance:

  1. Initial deposit for opening the account Rs.25000.
  2. Average quarterly balance to be maintained Rs.25000.

Rate of Interest:

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

Free Personal Accident Cover of Rs. 2 lacs:

  1. Free for initial 3 years
  2. Thereafter Rs. 26/- inclusive of applicable tax

Special facilities/features:

  1. 100 personalized cheque leaves free in a financial year. (t &c apply) .Thereafter Rs 4  per leaf.
  2. DDs/POs free unlimited on Saraswat Bank locations.
  3. Free monthly statement by email.
  4. Demat account: Initial two years no annual maintenance charges.
  5. AMC waiver lifetime on Rupay/ Visa debit cards.
  6. No charges for transactions at Saraswat Bank ATM
  7. 3 transactions in Metro and 5 transactions in non-metro including financial and non-financial  are free at other banks ATM in a month.
  8. Sweep In Sweep Out : Available
  9. Online Bill Pay, Internet Banking, SMS Banking, Mobile Banking facility – free
  10. Online NEFT/RTGS: No charges.
  11. Interest rate concession on Advantage/Privilege/ MPLS : 0.5% on prevailing interest rate.
  12. 50% Concession in processing fee of car loan
(t&c apply)

Penalty for non-maintenance of minimum balance:

  1. Rs.750 per quarter ( if <or = 50% of the required balance)
  2. Rs 500 per quarter ( if >50% of required balance)

Account closure charges:

If within 1 year: Rs.500 + Rs.5 per unused cheque


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
Email: corporatecenter@saraswatbank.com