Elite Gold 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.100000.
2. Average quarterly balance to be maintained Rs.100000.

Rate of Interest:

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

Free Personal Accident Cover of Rs. 2 lacs:

1. Free for initial 5 years
2. Thereafter Rs. 26/-  inclusive of applicable tax

Special facilities/features:

1. Unlimited number of personalized cheque leaves free.(T&C apply)
2. DDs/POs free unlimited on Saraswat Bank locations.
3. Free monthly statements by email.
4. Demat account: No annual maintenance charges for life time.
5. AMC waiver lifetime on Rupay/Visa debit Card,
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 utility Bill Payment facility, Internet Banking, SMS Banking, Mobile Banking facility – free
10. Online NEFT/RTGS : No charges
11. Interest rate concession on Advantage /Privilege / MPLS : 1% concession
12. 100% Concession in processing fee of car loan  ( t&c apply-)

Penalty for non-maintenance of minimum balance:

1. Rs.1000 per quarter ( if <or = 50% of the required balance)
2. Rs 850 per quarter ( if >50% of required balance

Account closure charges:

If within 1 year: Rs.750 + Rs.5 per unused cheque

Documents: