Regular Savings Account

The Saraswat Bank Regular Savings Account aims to help you become financially secure so you can fulfill your goals in life. A complete package of the best services, Saraswat bank is here to deliver only the best and make banking easy, convenient and technologically advanced.

Eligibility:

Individuals, Organizations

Average Quarterly Balance:

Minimum AQB w.e.f 01.09.2019

a) For Individuals - including Minor / NRE/ NRO
b) Non- Individuals - Foundation, HUF ,etc

(i) Urban/ Metro branches = Rs 2000/-
(ii) Semi-Urban branches = Rs 1000/-
(iii) Rural branches = Rs 500/-

c)For Senior citizen, Pension accounts and Self Help Group (Bachat Gat)

(i) Urban/ Metro branches = Rs 1000/-
(ii) Semi-Urban branches = Rs 500/-
(iii) Rural branches = Rs 250/-

Features:

20 Cheque leaves free every financial year. Thereafter Rs.5/- per cheque leaf.
AMC waiver on Rupay /Visa Debit Card for 1st year
Free Internet banking, Mobile banking.
NEFT/ RTGS online transactions are free.
No Cash handling charges till 200 pieces per day (T&C apply) *
First 5 financial transactions per month are free at our banks ATM. Thereafter Rs.10/- +GST per financial transaction. Non-Financial ATM transactions are free.
3 transactions in Metro and 5 transactions in non-metro including financial and non-financial are free at other banks ATM in a month. Thereafter Rs. 20/- per financial transaction and Rs 10/- per non-financial transactions (excl gst) would be applicable
AMC waiver on Demat account for 1st year.

Interest Rates:

Interest Rate applicable on Savings Deposit Scheme is 3% p.a. w.e.f. 1st June 2020

Documents:

Click here to download KYC documents submission requirement.

Service Charges:

Charges for non-maintenance of Average quarterly balance (AQB) w.e.f 01.01.2024

Existing Regular Savings Account, New Accounts for Senior citizens, Bachat Gat-SHG, Pension Account.
For Individuals including Minor/NRE/NRO
Non-individuals - Trust, Foundation, HUF, etc.

Urban/ Metro branches
Semi-Urban branches
Rural branches

Rs 150/- per quarter
Rs 75/- per quarter
Rs 35/- per quarter

For Senior citizen, Pension accounts and Self Help Group (Bachat Gat)

Urban/ Metro branches
Semi-Urban branches
Rural branches

Rs 75/- per quarter
Rs 35/- per quarter
Rs 15/- per quarter

ATM transactions -

- Saraswat Bank ATM - First 5 financial transactions per month are free. Thereafter Rs 10/- +GST per financial transaction. Non-Financial ATM transactions are free.
- Other Bank ATM - 3 transactions in Metro and 5 transactions in non-metro including financial and non-financial are free. Thereafter Rs 20/- per financial transaction and Rs 10/- per non-financial transactions (excl gst) would be applicable.

Account Closure -

If Account is closed - Within 14 days – No penal charges
Above 14 days up to 6 months – Rs.300/- and Rs.5/- per unused cheque + GST
Above 6 months up to 1 year – Rs.250/- and Rs.5/- per unused cheque + GST