Elite Silver Savings Account

Eligibility:

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

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

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