Though travel, homes and personal goals are expensive, invest and save in small amounts to make them all happen. Saraswat Bank’s Recurring Deposit Scheme makes sure you receive attractive interest rates on your investment.

Features & Benefits:

  1. Invest small amount every month
  2. Facility of Standing Instruction through which the amount can be debited from your savings account
  3. Attractive Interest Rates
  4. Scheme applicable from 12 months to 36 months
  5. Amount of installment once fixed, cannot be changed
  6. Recurring deposits are accepted in equal monthly installments of minimum Rs 500/-
  7. Deposits will be accepted for a period of Above 12 months up to 36 months only


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


  1. Penalty for delayed monthly installment Rs. 1.50 per Rs.100 p.a.
  2. In case of payment before maturity, interest up to 15 days will be Nil.
  3. Above 15 days 1% less than applicable rate of Interest for the actual period for which deposit is kept with the Bank.

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