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. Free personalized RuPay debit card with usage at all ATMs, merchant establishment and e-commerce in India
  2. Free inbuilt accident cover of Rs. 1 lakh with RuPay debit card
  3. Facility of Any Branch Banking
  4. No minimum balance requirement
  5. Enjoy direct benefit transfer to receive Govt. subsidies by linking your Aadhaar Number to the account
  6. Free SMS Banking facility

Interest Rates:

Interest Rate applicable on PMJDY Savings Account is 4% p.a. 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. Free 4 cash withdrawals at branch per month. Thereafter, each cash withdrawal will be charged at Rs.10/- plus service tax per transaction.
  2. Free cash withdrawal at Saraswat Bank ATMs.
  3. On other Bank ATMs, free first 5 transactions (financial and non-financial) per calendar month. Thereafter, each cash withdrawal will be charged at Rs. 20/- plus service tax and each non-financial transaction will be charged at Rs. 10/- plus service tax.

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
Email: corporatecenter@saraswatbank.com