We grant Rupee loans to NRI customers against:

  1. Security of funds held in NRO ,NRE Term deposits and FCNR (B) Deposits.
  2. Against the security of shares or other securities held in the name of the borrower.

Please note that:

  1. The loan shall be utilized for meeting the borrower’s personal requirements or for his own business purposes; and
  2. The loan shall not be utilized, for any of the activities in which investment by persons resident outside India is prohibited namely;
  3. Business of chit fund
  4. Nidhi Company
  5. Agricultural or plantation activities or in real estate business (excluding development of township, construction of residential/commercial premises, (roads or bridges), construction of farm houses;
  6. Trading in Transferable Development Rights (TDRs)
  7. Investment in capital markets including margin trading and derivatives
  8. The Reserve Bank’s directives on advance against shares/securities/immovable property shall be duly complied with
  9. The loan amount shall be credited to NRO account of the borrower
  10. The loan amount shall not be remitted outside India


  1. Repayment shall be made by fresh inward remittances from outside India through normal banking channels.
  2. Out of the local rupee resources in NRE/NRO/FCNR account of the borrower
  3. Through sales proceeds of shares or securities or immovable property against which such loan was granted.
  4. Repayment can also be made by adjustment of the deposit.

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