From Debit cards, to SMS banking and additional benefits from the Government of India, at zero balance requirement, the Jan Dhan Yojana has the best facilities to offer. Any branch banking and the inbuilt accident cover serve as the cherry on the cake for this exciting Saving scheme.

Features and Benefits:

  1. RuPay  debit cards with usage at all ATMs, POS and e-commerce in India with an accident cover of Rs. 1 lakh
  2. Issuance of RuPay  debit cards(AMC waiver for 1 st year) to individuals/joint accounts will be as per the existing practice applicable to Regular Savings account.
  3. The daily combined limit for RuPay card will be Rs 10000/- which will include cash withdrawal at ATM, POS and online.
  4. No restrictions on the number of POS transactions for Rupay debit card
  5. Facility of Any Branch Banking
  6. SMS Banking facility
  7. Direct benefit transfer to receive Govt.subsidies.
  8. No Internet banking, Mobile banking and Cheque book facility

Interest Rates:

Interest Rate applicable on PMJDY Savings Account is 3% p.a. w.e.f. 1st June 2020 with quarterly rest.


A resident individual of above 10 years of age can open PMJDY Savings Account.

Mode of Holding:

Single or Joint


  1. No limit on the number of credit transactions during a month.
  2. Daily combined limit for RuPay debit card is Rs 10,000/- which includes cash withdrawal at ATM, usage at merchant establishment and e-commerce.
  3. No restrictions for Rupay debit card on the number of transactions at merchant establishment.

Service Charges:

  1. No minimum balance charges applicable
  2. No limit on the number of credit transactions during a month.
  3. No charges will be applicable for nonoperation of account or activation of an inoperative account.
  4. Cash withdrawal at Saraswat Bank ATMs will be free of charge.
  5. AMC waiver for 1st year  on issuance of RuPay debit card. No charges for cash withdrawal at Saraswat bank ATM.
  6. Maximum of 4 debit transactions are allowed per month free of charge to the customers for cash withdrawals at branch. Thereafter, cash   withdrawals at branch will be charged at Rs.10/- plus service tax per transaction.
  7. Free first 5 transactions (financial and nonfinancial) per calendar month on other Bank ATMs. Thereafter, transactions at other Bank ATMs for cash withdrawal will be charged at Rs. 20/- plus service tax and non-financial transaction will be charged at Rs. 10/- plus service tax.
  8. ABB charges i.e. cash deposit, withdrawal and handling charges as applicable to Regular Savings Account will be levied
  9. No charges for account closure

Other Points:

  1. Holders of PMJDY Savings Account with one branch will not be eligible for opening another PMJDY Savings Account at any other branches of our Bank or with another Bank.
  2. If an individual has an existing live Savings Account (other than PMJDY) in our Bank then he/she need not open a separate PMJDY Savings Account.


Click here to download KYC documents submission requirement.

Download Application Form:

Click here to download the account opening form.

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