Deposits Scheme'S Saving: Features & Benefits

DEPOSITS SCHEMES
Saving
Regular Savings Account
Inculcate the habit of saving through our Easy & Convenient Features & avoid thrift.
Personalized Service coupled with technology enabled products is the Hallmark of our
Service.
Features & Benefits:
Wide Network of Branches & ATM coverage. Get connected to ATMs across the world
through our VISA Debit Card.
Bank offers convenient facilities like Net Banking. Take advantage of Easy Pay, an instant
solution to all your frequent utility bill payments.
Never Overspend! Shop using our International Visa Debit Card depending on the balance
in your saving account.
Free Personalized Cheque Book with name printed on each cheque leaf for enhanced
security.
Free Passbook facility available at home branch for account holders (individuals).
Interest Rates:
Interest Rate applicable on Savings Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.
Eligibility:
Our Savings Account is for anyone who is a resident individual (sole or joint) or comes from
a Hindu undivided family.
Documentation:
2 latest passport size photographs any one of Identity proof and Residence proof
Proof of Identity:
o Pan card
o Passport
o Election Card
o ADHAAR card
o Driving license.
Proof of Residence:
o Telephone Bill (Landline)
o AADHAR Card
o Passport (supported by Pan allotment Letter, Mobile Bill, Credit Card Bill)
o Ration card (supported by Pan allotment Letter, Mobile Bill, Credit Card Bill)
o Latest Bank Statement (2 months transactions) with KYC Confirmation remarks and
Officers signature/designation
o Registered Leave & License Agreement with proof of permanent address or Notarised
Leave & License Agreement with Police N.O.C. with proof of permanent address
Originals & Self-attested copies to be submitted for verification.

CUBS Account for Kids

No matter how old your kids are, they will always be your precious babies in your eyes!
Your child stands for your HOPES & DREAMS.

Why not instill Good Habits in your child in their formative years!

We at Saraswat Bank understand your needs & therefore have come out with a scheme to
inculcate the habit of saving in your child. Your child also receives attractive gifts & a
personalized passbook
Initial deposit of Cubs account is Rs 50/- and subsequent deposits in multiples of Rs 10/-
no periodic compulsion for subsequent Deposit.
Starting with a small amount of Rs.50/-, a CUB Account holder has to save Rs. 500 /-
over a period of one year.
Facility to deposit cash in school premises on predetermined days.
After completion of 14 years of age minor/student can operate the account and is also
entitled to a VISA Debit Card facility.
Bank does not charge you for non-maintenance of minimum balance for first year.
A gift for every child in whose name account is opened.
A personalized passbook in the name of the child.
Interest Rates
Eligibility:
To be a 'CUBS' account holder you should be a minor/student (upto the age of 21 years).
Documentation
2 latest passport size photographs of the child and parent and any one of the below
mentioned Identity proof and Residence proof (of the parent)
Proof of Identity:
o Birth Certificate of the child (mandatory)
o Passport
o Election Card
o ADHAAR card
o Driving license.
Proof of Residence:
o Passport(supported by Pan allotment Letter, Mobile Bill, Credit Card Bill)
o Ration card(supported by Pan allotment Letter, Mobile Bill, Credit Card Bill)

CAMPUS Account for College students

Our Bank offers you the Best facilities for young adults to encourage the habit of savings
right from Teens. Make your Child aware of the banking operations at the right age. Open his
/ her CAMPUS Account
Zero balance saving account
ATM cum VISA Debit Card
Free Internet Banking
Concessions in Loans
o Saraswati Education Loan: 0.25% rebate in rate of interest and 25% waiver in
prevailing processing fee
o Multipurpose Loan: 1.50% rebate in rate of interest on Loans for two-wheelers, laptops,
tablets & mobiles.
Free issuance of one Demand Draft or Payorder per month upto Rs. 50000/- favoring
Educational Institute
No Annual Maintenance charges in case of Demat account for the 1st year
Eligibility:
All college students, above 14 years of age and upto 26 years of age, at the time of opening
the account.
Mode of Holding:

Single
Jointly or E/S ONLY with parents/guardian
Interest Rates:
Interest Rate applicable on campus Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.
Documentation:
If the Account is opened in Single Name:

Address Proof- Certificate from College authority certifying the address of the student.
Permanent Address proof to be obtained within one month.

If the account is opened jointly with parents then the following documents of parents should
be submitted:
Proof of Identity:
o Pan card
o Latest college identity card
o Passport
o Election Card
o ADHAAR card
o Driving license.
Proof of Residence:
o AADHAR Card
o Passport (supported by Pan allotment Letter, Mobile Bill, Credit Card Bill)
o Ration card (supported by Pan allotment Letter, Mobile Bill, Credit Card Bill)
.
Akshay Salary Account

Our Bank offers a scheme for employers and employees to open their salary accounts with us
which offers a host of premium services which keep you ahead of the Pack. There is no
restriction of minimum balance and employees get access to whole gamut of Banking
Services. We indulge your employees, thereby enhancing their job satisfaction.
You are eligible if you are a salaried individual up to 55 years of age working with
reputed organization.
Zero Balance Account.
Overdraft facility equivalent to average net monthly salary maximum up to Rs 50000/-
(salary of last 3 months to be taken into consideration).
Easy Loan up to Rs. 2.00 Lakhs under Multi-purpose Loan Scheme with 0.50% concession
on applicable rate.
Free Net Banking and Mobile Banking facility
Two personalized cheque books free.
Any Branch Banking for transfer transactions and also for Cash deposit/withdrawal up till
Rs 25000/- is free.
Preferred weightage to avail other loans from the Bank.
Eligibility:

You are eligible if you are a salaried individual up to 55 years of age working with reputed
organization.
Interest Rates:
Documentation:
Proof of Identity:
o Pan card
o Passport
o Election Card
o ADHAAR card
o Driving license.
Proof of Residence:
o AADHAR Card
Registered Leave & License Agreement with proof of permanent address or Notarised Leave
& License Agreement with Police N.O.C. with proof of permanent address

Suvidha Savings Account
A Savings Account with all convenient features and that too with '0' balance, that's why we
call it Suvidha.
Access to our wide network of Branches & ATM.
Bank offers convenient facilities like Net Banking and Mobile Banking free of cost.
Take advantage of Easy Pay, an instant solution to all your frequent utility bill payments.
Personalized Cheque Book facility.
No minimum balance charges.
No Limit to the number of credit transaction per month.
Interest Rates:
Interest Rate applicable on Suvidha Savings Deposit Scheme is 4% p.a. with quarterly rest.
Eligibility:
Our Suvidha Savings Account is for anyone who is a resident individual (sole or joint) or
comes from a Hindu undivided family.
Documentation:
Proof of Identity:
o Pan card
o Passport
o Election Card
o ADHAAR card
o Driving license.
Proof of Residence:
o AADHAR Card
Service Charges:
Maximum of 4 debit transactions are allowed per month free of charge to the customer
together for cash withdrawals at branch and for ATM transactions done at Saraswat Bank
ATMs. Thereafter, Cash Withdrawal at branch will be charged at Rs 10/- per transaction
and Cash Withdrawal at Saraswat Bank ATMs will be offered free of charge.
No charges will be applicable for non-operation of account or activation of inoperative
account.
Other Points:
Holders of Suvidha Savings Account will not be eligible for opening any other savings
bank deposit account with our bank.
If a customer has any other existing savings bank deposit account in our bank then he/she
will not be allowed to open Suvidha Savings Account with our bank. In case he desires to
have a Suvidha Savings Account then his earlier account has to be closed. This restriction is
applicable incase of existing Joint Account also.

ELITE SAVING ACCOUNT
Elite Savings Account

Banking with an edge, with Elite Savings account we are here to give a host of services just for free all you need
to do is maintain a minimum average quarterly balance of just Rs 5000/-.

All the branches of the bank on Core Banking.
Deposit/ Transfer/ Withdraw cash from any of our branches.
Bank offers you a higher interest saving account as you are offered Sweep in /Sweep out facility wherein
excess balance of Rs 10000 would be transferred to a term deposit in multiple units for 1 year.
Free Personal Accident Insurance Cover of Rs 2.00 Lakhs for the first year to the first account holder only.
Convenient facilities like Net Banking offered absolutely free.
Never overspend. Shop using your International Visa Debit Card depending on the balance in your saving
account.
Wide Network of Branches & ATM coverage. Get connected to ATMs across the world through our VISA Debit
Card.
Avail of Safe Deposit Locker facilities (subject to availability).
Free unlimited issuance of DD/PO on Saraswat Bank Locations.
Bank provides personalized/non personalized cheque book (50 leaves) every half year FREE.
Pay your electricity bills, telephone bills, Cellular Phone Bills, Insurance Premium & many more through "Easy
Pay Facility". Bank does not charge you for availing these services.
Eligibility:
Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies
Elite Silver Savings Account
Enjoy unrestricted access to your account and funds at your own free will by maintaining an
average quarterly balance of Rs 25000/- only.

Avail of Sweep in Sweep Out facility by which your funds above the threshold limits can be
transferred to Fixed Deposit allowing you to earn further higher interest rate on your deposits.
Free cheque books of 25 leaves each every financial year.
Free statement of account on your registered email address.
Free Debit VISA Card for first two years, thereafter Rs 99/- per year.
Enjoy zero maintenance Demat Account for two years.
Free usage of ATM of other Banks.
Free net banking facility which allows you to access your statement of account, transfer
your funds and make cheque book requests.
Enjoy Personal Accident Cover of Rs 2.00 lakhs completely free for three years and
thereafter at Rs 35/- per year.
Free Any Branch Banking i.e. you can deposit and withdraw cash, transfer funds from any
branch of the Bank without any extra charges.
Enjoy concession in interest rates while availing credit under specified schemes and also
enjoy 50% waiver on processing fees while availing Car Loan.
Eligibility:

Elite Gold Savings Account
Experience the ultimate benefits that new age banking can off you. Our Elite Gold Account
will make you feel like the king, with banking services and facilities that will delight you
all the time.

Enjoy unrestricted access to your account and funds at your own free will by maintaining
an average quarterly balance of Rs 100000/- only.

Avail of Sweep in Sweep out facility by which your funds above the threshold limits can be
transferred to Fixed Deposit allowing you to earn further higher interest rate on your
deposits.
Free unlimited number of cheque books.
No AMC on VISA Debit Card for lifetime.
Enjoy zero maintenance Demat Account for lifetime.
Free usage of ATM of other Banks.
Free net banking facility which allows you to access your statement of account, transfer
your funds and make cheque book requests
Enjoy Personal Accident Death Cover of Rs 2.00 lakhs completely free for five years and
thereafter at Rs 35/- per year.
Free Any Branch Banking i.e. you can deposit and withdraw cash, transfer funds from
any branch of the Bank without any extra charges.
Enjoy concession in interest rates while availing credit under specified schemes and also
enjoy 100% waiver on processing fees while availing Car Loan.
Eligibility:
CURRENT
Current
Banking that helps your business grow faster than you would imagine. The features of our
Current account make banking a comfortable experience.
Features & Benefits
Minimum balance requirement of Rs 5000/- per quarter
Free Internet Banking
Free Mobile Banking - Check your account balance/transaction.
Free International Visa Debit Card for the 1st year.
Free monthly statement.
Avail Personalised chequebook for enhanced security at nominal prices.
Take advantage of Easy Pay. An instant solution to all your frequent utility bill
payments.
Take advantage of Easy Pay. An instant solution to all your frequent utility bill
payments.
Eligibility:
You can open a Current account with us if you are:
Public or Private Limited Companies
Partnership Firms
Proprietorship Concerns
Trusts
Public or Private Limited Companies
o Certificate of Incorporation and Commencement of Business
o Memorandum and Articles of Association
o Board resolution authorising the opening and operation of the account
o PAN or GIR No. or completed Form 60
o List of Directors with residential addresses
Partnership Firms
o Partnership Deed and Registration Certificate
o Shop and Establishment Certificate
o Letter from partners approving the persons concerned to open and operate the account
Proprietorship Concerns
o Certificate from State Govt. or Statutory Body or Trade License or Sales Tax
Certificate or Shop and Establishment Certificate
o Letter of proprietorship, duly signed by the proprietor in his or her individual capacity
(with a rubber stamp)
o Hindu Undivided Family
o Letter of HUF duly signed by Karta and all Co-Parceners
o PAN or GIR No. or completed Form 60
o Names of Karta and Co-parceners with residential addresses
o Latest passport-size photographs of all the authorized signatories
Trusts
o Copy of the trust deed
o Copy of the registration certificate
o Copy of the resolution by the trustees authorising the members concerned to open and
operate the account
o List of Trustees with residential addresses
o Photographs of the members operating the account Associations or Clubs
o Bye-laws of the association or club
o Certificate of Registration
o Copy of the resolution by the Board authorising the members concerned to open and
operate the account
o Photographs of the members operating the account
Account Closure Charges:

If closed within 6 months Rs 500 +charges for unused cheque leaves at Rs 2 per leaf.
If closed within 1 year Rs 250 +charges for unused cheque leaf at Rs 2 per leaf.

EITE CURRENT ACCOUNT

Our Bank offers you freebies and add-ons that enhance your banking experience with us. Open an Elite Current
Account and enjoy plethora of services all by maintaining a minimum balance of Rs 10,000/-. We offer Any
Branch Banking to facilitate easy banking for you with the following salient feature.
Features & Benefits :
Minimum balance of Rs 10000/- only
Deposit / Withdraw cash from any of our branches
Transfer funds from one account to another within Saraswat Bank
Earn interest in your current account with our Sweep in/Sweep out facility wherein excess balance of Rs
20,000/- in your current account will be transferred to a term deposit in multiple units for 1 year.
Free Internet Banking and Mobile Banking facility that enables you to check your account balance and
transactions in your account.
Shop using your International Visa Debit Card
Free personalized cheque book with "Payable at Par" facility across all cities where Saraswat Bank has a
branch
Free use of "Easy Pay Facility" to pay your electricity bills, telephone bills etc.

Premium Current Account
Saraswat bank caters to different category of entities under three current variants. With the specific purpose of
catering the needs of SMEs, Corporates and Retail establishment, Bank has launched Premium Current Account.
This account will help you avail multiple benefits by maintaining an average quarterly balance of Rs 50000/- in
your current account.
Interest paying current account with Sweep in /Sweep out facility wherein excess balance of Rs 1,00,000/-
would be transferred/ auto sweep to a term deposit in multiple units of Rs 50,000/-for 1 year
Unlimited issuance of DD/PO
Free online Interbank funds transfer through NEFT /RTGS
Shop using your International Visa Debit Card depending on the balance in your saving account
Enjoy Free Internet Banking and SMS Banking facility
Personalized cheque book free
Free access to other bank ATMs
Free DEMAT Account, i.e. you do not have to bear any annual maintenance charges for first five years
50% concession on charges for balance certificate and solvency certificate
50% waiver on all charges levied, maximum upto Rs. 1,000/- for the services availed during the financial year*
Pay your electricity bills, telephone bills through Easy Pay Facility at no extra cost.
Receipt of Monthly Statement of Accounts by Email at no charges
Apart from the above, any retail loans extended in the name of Firm/Company/Proprietor/Partners/Directors will
enjoy 50% concession on processing fees.

TERM DEPOSITS
Fixed Deposits
Savings has been an essential part of all the earnings, we at Saraswat Bank, help you earn
more on your savings by offering savings schemes which come with suitable tenures and
attractive interest rates.
Term Deposits
A term deposit is an Interest Payout savings scheme which offers interest at half yearly,
quarterly and monthly basis.
Kalpataru Deposits
The Kalpataru Deposit scheme is a cumulative interest scheme, this means that interest
earned at the end of every quarter is invested along with the principal helping you make the
most of your money.
TDS applicable Form 15H/15G required to be submitted for exemption of TDS.
Nominal member of the bank will also be exempted from TDS. If you are exempt from
paying tax, you need to present Form 15H when you open a Fixed Deposit and
subsequently at the beginning of the following financial year.
A minimum amount of Rs. 1000/- and further rise in multiples of Rs. 100/- is required to
open Term Deposits Account.

Recurring Deposits
Just like little drops make an ocean, see your small investments every month turn into a huge
amount at maturity by investing in our Recurring Deposit scheme.
Invest little sums every month
Facility of Standing Instruction through which the amount can be debited from your
savings account.
NO TDS
Attractive Interest Rates
Scheme applicable for 12 months to 36 months
Amount of installment once fixed, cannot be changed.
Recurring deposits are accepted in equal monthly installments of minimum Rs 5
Charges:
Penalty for delayed monthly installment Rs. 1.50 per Rs.100 p.a. In case of payment before
maturity, Interest upto 15 days will be Nil.
Above 15 days 1% less than applicable rate of Interest for the actual period for which
deposit is kept with the Bank.
Madhukar Tax Saving Deposits

Money does not grow on trees. But by saving and investing wisely one can make money
hands over fist. With this intention Bank has come out with a scheme which allows you
higher returns compared to other tax savings schemes. Investments under Madhukar scheme
offered by Saraswat Bank are exempted under Sec 80C of Income Tax Act.

In the Finance Bill of 2006, the government had announced Tax benefits to Bank Term
Deposits which are of over 5 year tenure u/s 80C of IT Act, 1961 vide Notification Number
203/2006 and SO1220 (E) dated 28/07/2006.
Invest minimum Rs 5000 and in multiples of Rs 100. Maximum amount being Rs 100000
during the calendar year.
Maturity Period of the term deposit is minimum 5 years
Deposit can be kept in a single name or in joint names. Tax benefit under Sec 80C shall be
available only to the first holder.
Interest on the term deposit is payable Quarterly
The term deposit cannot be pledged to secure loan/overdraft or as security to any other asset
neither they can be withdrawn prematurely.
**The tax on interest earned is deductible in accordance with the provisions of section
194A or section 195 of the Income Tax Act 1961.
Eligibility:
Individuals looking for tax saving investment avenues.
Charges:
Penalty for delayed monthly installment Rs. 1.50 per Rs.100 p.a. In case of payment before
maturity, Interest upto 15 days will be Nil.
Above 15 days 1% less than applicable rate of Interest for the actual period for which
deposit is kept with the Bank.

RETAIL LOANSRetail Loans
Saraswat Co-operative Bank offers various loans to its customers. Bank takes care of its customers by offering
comprehensive loan packages at extremely competitive rates, without any hidden costs. Our personalised
service coupled with state of the art technology at absolutely market competitive rates shall make your Banking
experience a truly memorable one.

PERSONAL

Retail Loans

Vastu Siddhi Housing Loan
Super Fast Car Loan
Super Fast Car loan - High End Car
Sajawat Loan Scheme
Saraswati Education Loan
Education Loan Scheme for disadvantaged groups
Pravasi- Travel Loan
Gold Loan Yojana
Multi Purpose Loan
Privilege Executive Finance
E - Stock Advance
Property Loan Scheme
Samruddhi - Loan against Property
Advance Against RBI Bonds
Gupt Dhan Yojana-Overdraft against property
Doctor Delite
Advantage for Professional

Investment & Insurance
Saraswat Bank provides information of it's various Investment & Insurance products which customers
can avail of with the bank.

Insurance
It is our earnest endeavour to offer you new and competitive financial products and services.
We have for this purpose tied up with various insurance companies. The details of tie-up and
products offered are given below:
LIFE INURANCE
For Life Insurance products, we have entered into a tie-up with M/s. HDFC Standard Life
Insurance Company Limited. We offer following products:
Protection Plans
Protection Plans help to shield your family from uncertainties in life due to financial losses in
terms of loss of income that may dawn upon them in case of your untimely demise or critical
illness. Protection Plans go a long way in ensuring your familys financial independence in
the event of your unfortunate demise or critical illness. They are all the more important if you
are the chief wage earner in your family. No matter how much you have saved or invested
over the years, sudden eventualities, such as death or critical illness, always tend to affect
your family financially apart from the huge emotional loss.
Childrens Plan
Childrens Plans help to save, so that you can fulfill your childs dreams and aspirations.
These plans go a long way in securing your childs future by financing the key milestones in
their lives even if you are no longer around to oversee them. Childrens Plans help you save
steadily over the long term so that you can secure your childs future needs, be it higher
education, marriage or anything else. A small sum invested by you regularly can help you
build a decent corpus over a period of time and go a long way in providing your child a
secured financial future alongwith.
Retirement Plans
Retirement Plans provide you with financial security so that when your professional income
starts to ebb, you can still live with pride without compromising on your living standards. By
providing you a tool to accumulate and invest your savings, these plans give you a lump sum
on retirement, which is then used to get regular income through an annuity plan. Given the
high cost of living and rising inflation, employer pensions alone are not sufficient. Pension
planning has therefore become critical in today's world.
Savings and Investment Plans
You have always given your family the very best. And there is no reason why they shouldnt
get the very best in the future too. As a judicious family man, your priority is to secure the
well-being of those who depend on you. Not just for today, but also in the long term. More
importantly, you have to ensure that your familys future expenses are taken care, even if
something unfortunate were to happen to you. Our Savings & Investment Plans provide you
the assurance of lump sum funds for your and your familys future expenses. While providing
an excellent savings tool for your short term and long term financial goals, these plans also
assure your family a certain sum by way of an insurance cover.
Health Plans
Health plans give you the financial security to meet health related contingencies. Due to
changing lifestyles, health issues have acquired completely new dimensions becoming more
complex in nature. It becomes imperative then to have a health plan in place, which will
ensure that no matter how critical your illness is, it does not impact your financial
independence.
Know more about the products of HDFC Life Insurance.
Above products are available through all our branches with expert personalised advice.
For more information, please visit our nearest branch or contact our Customer Service Centre
on the Toll Free Number - 1800229999
Please note that Bank is entitled for Commision for marketing the above products of M/S
HDFC Standard Life Insurance Co. Ltd. The details of the commission structure are
available at our Branches for the information of our customers

MUTUAL FUNDS
Home Personal Investment & Insurance Mutual Funds
Mutual Funds
Considering the changes in Indian demographics (more than 70%of the population below the
age of 35), changes in investment pattern (rising disposable incomes created a huge potential
for investment in Insurance and Mutual Funds), increased competition and thinning of
Interest margins, the Indian Banking Industry had to redesign their bouquet of products and
introduce marketing of third party products like Insurance and Mutual Funds, to increase fee
based income.
The Mutual Fund industry currently has 35 Fund houses with 1800 schemes spread across 30
different categories. During this financial year the industry saw 900 new fund offers(equity,
debt, liquid and Fixed Maturity Plans included).The AUM (Asset Under Management) of the
Mutual fund industry closed at Rs 4,31,901 Cr at the end of October 2008.
Our Bank has entered into the Mutual fund distribution business 5 years backand today we
have a successful tie up with 21 fund houses with total funds invested at around Rs 100
crores.
The major fund houses where our Bank has tie up are as follows:
FundHouse
Birla Sunlife Mutual Fund
Franklin Templeton Mutual Fund
HDFC Mutual Fund
ICICI Prudential Mutual Fund
Kotak Mahindra Mutual Fund
Principal PNB Mutual Fund
Reliance Mutual Fund
Tata Mutual Fund
UTI Mutual Fund
The forms of the various schemes of the fund houses are available at all our branches.
For any further assistance you may visit our nearest branch or call the Customer
Service Centre on our Toll Free Number - 1800229999

Demat

(PAN compulsory for all demat accounts)
Modernisation in the trading and settlement system has been witnessed in the capital market
through automated trading mechanism of Demat. The advent of Electronic trading and
settlement has brought in transparency in trading and has eliminated risks associated with
Bad Delivery and handling huge load of paperwork. The country has made a remarkable
growth in the capital market by switching over to electronic trading
DEPOSITORY PARTICIPANT CELL:
Saraswat Co-operative Bank Limited is a Depository Participant with National Securities
Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL).
Saraswat Bank offers the following attractive features to its clients:
Free AMC for one year (Regular account).
Option of both CDSL and NSDL facilities
Portfolio valuation to the customers
Free SMS facility
Speed-e facility for NSDL online transfer of shares.
Free Viewing of Holding /Transaction through internet (Ideas/easi facility)
Easiest facility for CDSL clients for Online transfer of shares
Demat facility from any branch
Demat account opened within 24 hours for Mumbai branches
Attractive and competitive tariff structure
Basic merits of holding a demat account:
Holding of equity shares and mutual fund units in demat form.
Electronic credit in public issue
Credit of Rights/ Public Issues/Bonus entitlements through Auto Corporate Action
Dividend credit through ECS
Immediate transfer and registration of securities
Elimination of all risks associated with physical certificates
Elimination of Bad deliveries
Faster settlement cycles
No stamp duty on transfer of securities
Facilities ease in recording change of address, transmission , signature, dividend mandate,
registration of power of attorney etc. across companies held in demat form by a single
request instruction to Demat department.
Pledging of securities
At Madhushree,Plot No 85, District Business
Centre,Sector 17,Vashi
NAVI MUMBAI - 400 703

NRI/FOREX
NRI Deposit
Saraswat Bank is the first co-operative bank to obtain permanent license to deal in foreign exchange.
Authorised Dealer in Foreign Exchange since 1979.
The International Banking Division plays an active role in forex operations through its ten Forex Centres.
Correspondent Banking relations with 430 centres of various banks spread over 65 countries.
Maintaining foreign currency accounts in 9 major currencies of the world.
Well equipped Treasury Department.
Member of SWIFT network for speedy, accurate and safe Funds Transfer.
All types of Forex Services rendered to many other Co-operative Banks.
The product suite for NRIs ranges from Bank deposits, Housing Loans and Demat Accounts.
To give further boost to NRI services and in order to cater the growing needs of NRI customers, our Bank
has set up a specialized NRI Desk at-
NRIs can open the following types of accounts with us.
TYPES OF DEPOSIT ACCOUNTS
Foreign Currency Non Resident (Bank) Deposit - FCNR (B) Deposit
Non-Resident External (NRE) Account
Non-Resident Ordinary (NRO) Account
Resident Foreign Currency Account
How to open NRI Account with us.
To open an NRI account please complete the account opening form and forward it to any of our branches of your
choice along with the following:
Photocopy of the passport.
Photocopy of Visa/Residence permit.
Photograph.
Overseas Address Proof (any one of these - Utility bills/ Driving License/Credit card bills/ Overseas Bank
statement).
Local Address Proof
Initial money remittance.
All documents are to be self attested.

Your signature is to be verified by anyone of the following:
Indian Embassy/consulate.
Notary public.
Your bank abroad.
You can authorise a resident close relative to operate your account through a Power of Attorney or Letter of
Authority.

Nomination facility available (nominee can be a resident Indian/ or a non resident).

NRI PRESONAL LOANS
Personal Loans
We grant Rupee loans to NRI customers against:-

Security of funds held in NRO Term Deposits and
Security of funds held in NRE Term Deposits, FCNR (B) Deposits.
Against the security of shares or other securities held in the name of the borrower.
Please note that-

The loan shall be utilized for meeting the borrowers personal requirements or for his own business
purposes; and
The loan shall not be utilized, for any of the activities in which investment by persons resident outside India
is prohibited namely;
o Business of chit fund,
o Nidhi Company.
o 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;
o Trading in Transferable Development Rights (TDRs).
o Investment in capital markets including margin trading and derivatives.
The Reserve Banks directives on advance against shares/securities/immovable property shall be duly
complied with.
The loan amount shall be credited to NRO account of the borrower.
The loan amount shall not be remitted outside India.
Repayment

Repayment shall be made by fresh inward remittances from outside Indiathrough normal banking channels.
Out of the local rupee resources in NRE/NRO/FCNR account of the borrower
Through sales proceeds of shares or securities or immovable property against which such loan was granted
.

Home Loan
Saraswat Bank Vastu Siddhi Home Loan

Apply for the Home Loan by submitting the documents at any of our branches. Enjoy the added benefits of hassle
free centralized processing, quick turnaround time, attractive take over options and repayment schedule with no
hidden costs.

We provide housing loan to a non-resident Indian or a person of Indian origin resident outside India, for
acquisition of a residential accommodation in India, subject to the following conditions, namely:

The quantum of loans, margin money and the period of repayment shall be at par with those applicable to
housing finance provided to a person resident in India.
The loan shall be fully secured by equitable mortgage of the property proposed to be acquired, and if
necessary, also by lien on the borrowers other assets in India.
The installment of loan, interest and other charges, if any, shall be paid by the borrower by remittance from
outside Indian through normal banking channels or out of funds in his NRE/FCNR/NRO account in India or
out of rental income derived from renting out property acquired by utilization of the loan.
The rate of interest on the loan shall conform to the directives issued by the Reserve Bank of India.

Repayment

Repayment shall be made by fresh inward remittances from outside Indian through normal banking
channels.
Out of the local rupee resources in NRE/NRO/FCNR account of the borrower.
In case of Housing Loan, the close relatives (as defined under Section 6 of the Companies Act 1956) of the
borrower in India are allowed to repay the installment of such loans, interest and other charges, if any,
through their bank account directly to the borrowers loan account with the Bank
.
Sr
.
N
o.
Currency

Overseas (Nostro) Account
Name & Address of the Correspondent
1 US Dollars Wells Farg Plaza, 4th Floor,
New York, N.Y.-10001, U.S.A.
CHIPS ABA No: 0509
FED ABA No: 026005092
2 US Dollars Standard Chartered Bank
One Medison Avenue,New York,
NY10010-3603, U.S.A.
3 US Dollars Bank of India
277, Park Avenue, New York,
NY10172-0083,U.S.A.
4 GB.Pounds National Westminster Bank PLC
Leval 5, Premier Place ,21/2,
Devonshire Square,
London EC2M 4BA, U.K.
SORT CODE: 600004
5 Japanese Yen Wells Fargo Bank NA
Yamato International NihonbashiBldg.,
8 th Floor,2-1- 3,Nihonbashi
Horidomecho,Chuo-Ku,
Tokyo-103-0012,JAPAN
6 Swiss Francs Banque Cantonale Vaudoise
Siege Central, Case Postale 300,
1001, Lausanne,SWITZERLAND.
7 Australian Dollars ANZ Bank
351, Collins Street,
P.O.Box No: 537-E,
Melbourne,
AUSTRALIABSB: 014-909
8 Canadian Dollar National Bank of Canada
600,Rue De La Gauchetiere Quest
5th floor, Montreal,
QUEBEC,CANADA
9 Euro Standard Chartered Bank
(Germany) GMBH
Franklinstrasse 46-48,60486,
Frankfurt / Main,GERMANY.
10 Euro Wells Fargo Bank NA
1 PLANTATION PLACE
30 Fenchurch Street
London,EC 3M 3BD
UK.
11 Hong Kong Dollars Bank of India,
2/FL, Ruttonji Centre,
11 Duddell Street,
Central, Hong Kong.
12

Singapore Dollars Bank of India
138 Robinson Road,
#01-01,#02-01, #03-01,
The Corporate Office Bldg.,
Singapore-068906
REMITTANCE
Travel Related
Foreign Exchange Remittance facility available to residents at any of our Forex Centres:
1) Business promotion / visit/ International
Conferences/ Seminars/ Specialized
training/Study Tour.
Upto USD.25,000/- or its equivalent per trip
for visit to any country other than Nepal and
Bhutan.
2) Private Visit / tour Upto USD.10,000/- or its equivalent in one
financial year for one or more visits to any
country except Nepal and Bhutan
3) Employment abroad Not exceeding USD.100,000/- or its equivalent
thereof.
4) Emigration Not exceeding USD.100,000./- or its
equivalent amount prescribed by the country
of emigration.
5) Higher Education Upto the estimate given by an Institution
abroad or USD.100,000/- per academic year
whichever is higher.
6) Medical Treatment/Hospitalisation
abroad
Upto USD.100,000/- or its equivalent.
7) Maintenance expenses of a patient going
abroad for treatment/check-up and for
Attendant.
USD.25,000/- each for the patient and
accompanying attendant.
8) Remittances under Liberalised
Remittance Scheme ( LRS)
For Resident Individuals upto USD 75,000 per
financial year. This is in addition to those
already available for private travel, business
travel and medical treatment.
MONEY TRANSFER SERVICE
MoneyGram

Saraswat Bank has tied up with MoneyGram for Inbound Global Remittances through Thomas Cook (India)
Ltd who is principal agent of M/s MoneyGram International Inc.USA. We have launched MoneyGram
product for inbound Global remittances at our 191 branches.
It is a person to person money transfer technology which enables a person to send money through any of
Network agents of MoneyGram International.
Quick, safe and cheap mode of send money to India. Beneficiary gets payment in India on real time basis.
The remittance scheme conforms to the rules & regulation framed by Reserve Bank of India under Money
Transfer Service Scheme (MTSS)
Maximum amount of remittance that receiver can receive in a single transaction will not exceed USD2500 or
its equivalent in Indian rupees. Payment in cash to receiver will be made up to and inclusive of Rs.50,000/-
(Rs. Fifty thousand Only).
Any single beneficiary can receive 30 transactions in a calendar year.
The remitter, who is outside India goes to any of the agents of MoneyGram, fills in the remittance form and
tenders the equivalent foreign exchange inclusive of charges to such agent. After processing application
through Anti-Money Laundering Guidelines, remitter informs the receiver in India about remittance details,
i.e. 8 digit unique reference number.
Our bank verifies payment details submitted by the beneficiary in Receive Form along with the transaction 8
digit unique reference number along with valid photo identification and address proof.
As soon as the beneficiary collects payment from our Bank, the remitter get SMS about the completion of
transaction.

Non-permissible Transactions under Money Transfer Service Scheme as per RBI stipulations.
Trade related remittances (export payment, payment of services, etc.)
Remittances towards purchase of property, investments;
Remittance for credit to NRE/FCNR accounts and
Remittance as donations, contributions to charitable organizations.

Benefits
This service is a boon to families of NRIs as well as foreign students and foreign tourist visiting India. Overseas
workers who need to provide financial support to their families in India.

Receive money as cash in minutes.
No Bank account required.
No back-end charges.

Xpress Money

Saraswat Bank has entered into a strategic tie-up with UAE Exchange and Financial Services Ltd for
facilitating Global Money Transfer Service, Xpress Money, UAE Exchange and Financial Services Ltd is the
principal agent for UAE Exchange Centre LLC, Abu Dhabi, for facilitating Xpress Money services in India.
We have launched the Xpress Money product at our 191 branches.
It is a person to person money transfer technology which enables a person to send money through any of
Network agents of UAEFSL.
Quick, safe and cheap mode of send money to India. Beneficiary get payment in India on real time basis.
The remittance scheme conforms to the rules & regulation framed by Reserve Bank of India under Money
Transfer Service Scheme (MTSS)
Maximum amount of remittance that receiver can receive in a single transaction will not exceed USD2500 or
its equivalent in Indian rupees. Payment in cash to receiver will be made up to and inclusive of Rs.50,000/-
(Rs. Fifty thousand Only).
Any single beneficiary can receive 30 transactions in a calendar year.
Remitter fills up the Xpress Money form in an Xpress Money outlet abroad and pays the principal amount
and charges. Details are entered in the system, a receipt is given to the remitter with a unique 10 digit XPIN,
Sender informs beneficiary the XPIN, and the amount remitted.
Beneficiary visits the Receive Agent, fills up the Receive Form with details of XPIN and produces a valid
photo identity and address proof. The location confirms the transaction, Beneficiary Receives Cash.
As soon as the beneficiary collects payment from our Bank, the remitter get SMS about the completion of
transaction.

Non-permissible Transactions under Money Transfer Service Scheme as per RBI stipulations.
Trade related remittances (export payment, payment of services, etc.)
Remittances towards purchase of property, investments;
Remittance for credit to NRE/FCNR accounts and
Remittance as donations, contributions to charitable organizations.

Benefits
This service is a boon to families of NRIs as well as foreign students and foreign tourist visiting India. Overseas
workers who need to provide financial support to their families in India.
Receive money as cash in minutes.
No Bank account required.
No back-end charges.

CORPORATE
Mid Corporate Products
Bank provides variety of credit facilities to its Corporate Clients as under:
Working Capital
Corporate Loan
Term Loan
Export financing - Pre and Post shipment
Import Finance
Bank Guarantee
Bill discounting
Letters of Credit (Inland & Foreign
Property Loan
Rental Loans
Micro Finance - Self Help Groups
Since inception the cause of the Small Man lay at the core of Banks heart. Bank has grown
manifold but basic values have remained the same. Saraswat Bank has therefore launched a
scheme for self help groups so as to help them raise the income levels and improve living
standards of their members . The Bank aims at teaching the members of these groups to save
and to borrow responsibly.
The Bank caters to the self help groups who are involved in following activities
1. Selling fruits, vegetables, milk, fish, etc.
2. Making of brooms, basket weavers, and other bamboo products, etc.
3. Any other activities viz. plumbing, hairdressing, electrician including flowers/vegetable
growers, spices and papad making etc.
Eligibility Minimum- 10 members; Maximum -20members Operative
Savings A/C for minimum 6 months.
Quantum of Finance Upto 4 times the amount in savings account Or
Maximum 2 lacs per group
Interest Rate PLR-1%
Security Guarantee of Group Members and Third party guarantee on
case to case basis.
Repayment period Not more than 60 months
Processing Fees Reasonable
Shareholding Nominal Membership

For further details you may contact our micro-finance dept
Fhone No.- 022 - 24671238-40 / 28725019

Small & Medium Enterprises (SMEs)

.
For a business on the growth phase with a wide range of opportunities to explore, timely availability of credit is
essential to scale new heights. At Saraswat Bank we see ourselves as partners to Clients business
enabling them tofocusontheirbusinessneeds.

Bank shall try to dispose of your application for a credit limit or enchancement in existing credit limit up to Rs 5
lakhs within two weeks ,and for credit limit above Rs 5 lakhs and upto Rs 25 lakhs within four weeks, and for
credit limit above Rs 25 lakhs within 8 weeks from the date of receipt provided your application is complete in all
respects and is accompanied by documents as per check list provided.

Working Capital
Import Finance
Term Loan
Export Finance
Bank Guarantees
Bill Discounting
Letter of Credit (Inland & Foreign)
Property Loan
Rental Loans

Traders
Our Bank provides credit facilities to Retail Traders in the form of
Working Capital
Property Loan
Working Capital
We are a Bank with a team of technically qualified competent customer driven relationship
managers possessing wide industry experience in various segments
Our Bank has taken lot of efforts to understand customers & empathizing with their needs.
We can offer you working capital finance by way of cash credit or loans suitably structured to
your need and risk profile in consortium or as a lead banker. Our working capital solutions
are based on financial , quantitative & qualitative evaluation of your business through our
technically qualified experts.

Eligibility :

Salaried employees with minimum net salary of Rs. 10000 pm (Income of spouse may be
added)
Professionals, self - employed and others who are income tax assessee having net annual
taxable income of Rs. 150000/- for atleast 3 years continuously.
Firms / companies having net annual taxable income of Rs. 1.50 Lakhs per annum and in
operation for last 3 years making cash profit for last 3 years.
Limit of Loan
Minimum - Rs.2 lakhs
Maximum - Rs. 50 Lakhs
Basis of Advance
a) 25 times of net salary in case of salaried person Or
b) 3 times of net cash accruals.(Net of tax and drawing plus depreciation) Or
c) 60% of agreement cost (If the property is less than 3 years old.). In other cases, 60% of
value as per valuation report.
a,b,c Whichever is lower
Rate of Interest :The proposal shall be rated as per the credit rating model followed by the
Bank and a good rating can get you a better interest rate. The interest rates are linked to our
PLR. PLR is presently 13%.
Repayment Period
Term Loan - Maximum 5 years
Cash Credit - with reducing limit (in 60 monthly installment) subject to renewal every year.
Security
Equitable Mortgage of Residential, commercial or industrial property.
Guarantor:
Need not be obtained however in case of firms, companies, guarantee of partners, directors to
be obtained.
Share Holding
2.5% of the loan amount, Maximum 2500 shares, Guarantors as nominal members.
Processing Charges
1% of loan amount
Documents Required
Others:
1) I.T.Returns for last three years, salary slip for last 3 months.
2) For salaried employees income proof such as Form No.16 along with salary certificate
from employer
3) Original Title Deeds of the property offered for mortgage.
4) Other documents as per Vastu Siddhi Loan Scheme
EXISTING PLR ON ADVANCES
Interest Rate on Advances

Trade Finance
Saraswat Bank has emerged as a leading co-operative bank in providing trade finance services. The Bank
is Authorised Dealer in Foreign Exchange since 1979. Our bank provides a gamut of products for both
exporters and importers.
The International Banking Division plays an active role in forex operations through its ten Forex Centres.
Correspondent Banking relations with 430 centres of various banks spread over 65 countries.
Maintaining foreign currency accounts in nine major currencie Export Credit
We assist exporters to compete in the International Markets by extending fund based/non fund based credit
facilities. We offer credit facility to exporters by way of,
1. Pre-shipment credit finances:- working capital advance granted to exporters to facilitate execution of export
order
Pre shipment credit finance is disbursed in Indian Rupees/Foreign currency.
We offer competitive rate of interest to enable exporters to compete in International Markets.
2. Post shipment finances:-
Offered by way of timely negotiation of export documents drawn under letter of credit to enable exporters to
get finance faster.
Purchase/discount of export bills.
Post shipment advance is disbursed in Indian Rupees/Foreign Currency.

Advising of Letters of credit
Export letters of credit received by Saraswat Bank in your favour are advised to you promptly.
You may instruct your overseas buyer to utilize our services for faster advising of export letters of credit to you.
We also ensure prompt advising of the amendments to the export letters of credit.
Export bills on collection basis
Saraswat Bank handles the export bills on collection basis with accuracy and speed.
Documents are dispatched for collection within 24 hours.
Handling of export bills are subject to UCPDC/URC as the case may be and FEMA provisions and FEDAI
rules.

s of the world.
Well equipped Treasury Department.
Member of SWIFT network for speedy, accurate and safe Funds Transfer.
:

Import Letter of Credit
Opening of Import Letter of Credit in major permitted currencies, in favour of overseas suppliers across the
globe.
Letters of credit are advised through major International Banks.
Arrangements are also in place to add confirmation of advising Banks to the letters of credit on your or
suppliers request.
For faster advising of letter of credit we have the facility of SWIFT.

Import Bill Received for Collection
We handle import bills received on collection basis sent by your Overseas Suppliers through a Bank, on the
basis of documents against payment or on acceptance.

Buyers Credit
Saraswat Bank makes arrangement for Short Term Buyers Credit for Import Trade transaction.

International GuaranteesWe have arrangement for issuance of International Guarantees subject to prevailing
RBI regulations.
Execution of overseas projects.
Securing External commercial borrowings.
Advance payment guarantees on account of exporters of goods and services.

SERVICES
VISA Debit Card

To add to your convenience, your Bank has tied up with VISA for issuing Debit Card. VISA
has a long-standing name in the banking industry in India as well as abroad. Visa is a reliable,
international brand. Debit Card is basically a convenience card which can be used at a POS
for making purchases at Merchant Establishments. This card can also be used as an ATM
card for withdrawing cash at all the ATMs bearing VISA logo in India and aboard.
Debit Cards
This card can be used as an ATM card for withdrawing cash at the following ATMs:
1. Saraswat Bank ATMs
2. NFS ATMs (shared network)
3. Visa enabled ATMs
Debit Card looks similar to a credit card, bearing a Visa logo, and can be used wherever Visa
logo is displayed.
Debit card can be used at Domestic as well as International ATMs, POS machines bearing the
Visa logo at merchant establishment and for Purchases/Ticket Booking through Internet that
use a secured e-Commerce Payment Gateway.
To register for Verified by Visa (VbV) click here
Debit card can be used upto the balance available in the account of cardholder. The maximum
amount for transaction (Point of Sale + Online + ATM) is maintained at Rs 25000/- per day.
e.g.
1. ATM Cash withdrawal Rs 10,000/- + POS transaction Rs 10,000/- + Online transaction
Rs 5,000/-
2. ATM Cash withdrawal Rs 25,000/- + Nil POS transaction + Nil Online transaction
3. Nil ATM Cash withdrawal + POS transaction Rs 10,000/- + Online transaction Rs
15,000/-
4. Funds Transfer in linked accounts on our Bank's ATMs ONLY.
Benefits to You:
1. Facilitates electronic transactions and saves the customer from carrying cash or
withdrawing cash.
2. Provides access to merchant establishments, eCommerce transactions and ATM access.
3. Offers the customers safety and security.
4. Extensive usage across a number of establishments as VISA is widely recognised in all
leading departmental stores, eCommerce sites and retail outlets all over the world.
5. Helps customer stay in control as it tracks their expenses.
6. In case of international traveler, it can save the customer from having to stock up on
traveller's cheques or cash when he/she travels.
7. Debit cards may be more readily accepted than cheques, especially in other states or
countries as one need not verify the authenticity of the payment and the merchant is
assured of immediate payment.
Registration
For registration you may contact your nearest branch .The form for Registration can be
downloaded from the "forms" section in the website.
Charges :

CHARGES HEAD CHARGE
Annual Fee 1st Year free
From 2nd Year -Rs 99/- p.a. plus taxes
Additional Card Rs 99/- per card plus taxes.
Replacement Of a Damaged
Debit Card
NO CHARGE
Replacement Of A Lost
Debit Card
Rs 99/- per card plus taxes.
Pin Replacement Rs 25/-
SARASWAT BANK ATMs
Cash Withdrawal / Balance
Enquiry
FREE
Other banks ATM for
Savings A/c ,
Cash Withdrawal/Balance
Enquiry
Free for the first five* transactions in a
calendar month. From 6th transaction
onwards cash withdrawal will be charged at
Rs 20/- per transaction(inclusive of service
tax) & balance enquiry will be charged at Rs
10/- per transaction(inclusive of service tax)

*Includes both financial (cash withdrawal)
& non-financial (balance enquiry)
transactions.
Other banks ATM for
Current A/c holders and
Overdraft A/c holders

a) Cash Withdrawal- Charges of Rs 20/-
(inclusive of tax) per cash withdrawal for
every transaction
b) Balance Enquiry- Free
ATM Cash Withdrawal
(Outside India)
Rs 120/- per transaction.
ATM Balance Enquiry
(Outside India)
Rs 15/- per enquiry.
Sales Slip Retrieval / Charge
Back Processing Fee
Rs 225/-
Combined per day limit for
ATM Cash Withdrawal /
POS Transaction / Online
Transaction
Rs 25,000/-
For usage at Merchant
Establishments (POS)
No charges
For Internet Payments No charges
For usage at Petrol Pumps Surcharge @ 2.50% of transaction amount
or Rs 10/- (whichever is higher)
For usage at Railway
Stations or booking train
tickets through Internet
Surcharge @ 2.50% of transaction amount
or Rs 10/- (whichever is higher)
Service Charges For
International Transactions
2.50% of the transaction amount.

Maximum withdrawal from Other Bank ATM is Rs 10000/- per transaction with an overall
limit of Rs 25000/- per day.

SMS Banking
SMS Banking brings the Banking at your fingertips. Bank has introduced the SMS Banking
Facility for its customers.
Under SMS Banking following facilities are offered to the customers.
Welcome message on New Account Opening
Latest Balance in the Account
Details of the last 3 transaction in the account.
Transaction Alert for all transactions through ATM/POS/E-Commerce and Netbanking and
other transactions above Rs 5000/-
Alert for Sweep In Sweep Out facility (Sweep In Sweep Out facility available for Elite
Accounts only)
Alert for dispatch of Chequebook/Visa Debit Card
Kindly note following points before sending an SMS:
All the below-mentioned SMS requests should be sent through theregistered mobile
number only.
The keywords are case-sensitive.
Please do NOT type the pointed or square brackets in your SMS.
There should be a single space between each word in the syntax.
You have to type the product (e.g. SBPUB) and the account number (e.g.12345) in the
keyword.
The keywords and their syntax for SMS Requests are given below:
Mobile Banking Number - 9223810000
Request SMS Message Information
Balance
Enquiry
SBAL
Example: SBAL
SBPUB 10 SBAL
CAPUB 12
Gives you the balance for the specified account
number. The account number is optional. If no account
number is specified, you will get the balance in your
primary account.
Last 3
transactions
LST3
Example: LST3
SBPUB 10 LST3
CAPUB 12
Gives you the last three transactions in the specified
account. The account number is optional. If no account
number is specified, then returns last three transactions
in your primary account.

Customer has to submit his request for SMS Banking at home branch in format
specified which is available under forms section.

Easy Pay
Here is one more exciting facility your Bank has offered to relieve you, our esteemed client,
from spending your valuable time standing in a queue for routine utility bill payments.
All you have to do is to walk into any of our branch and register yourself under : Easy Pay"
scheme for all your recurring utility bill payments such as Telephone, Electricity Bills,
Cellular Phone Bills, Insurance Premium & many more. Once you are registered all your
future bills will be paid automatically through your bank account with us.
So do visit the nearest branch for few formalities & say "Good Bye" to all the hassles of
making routine utility bill payments.
You can download the form and submit it to nearby branch.

Insurance
It is our earnest endeavour to offer suites of new and competitive financial products and
services.We have for this purpose tied up with various insurance companies. The details of
tie-up and products offered are given below:
LIFE INSURANCE
We are the Corporate Agents for the distribution of Life Insurance products, of M/S HDFC
Standard Life Insurance Co Ltd. Under this tie up arrangement, we offer following life
insurance products:
Protection Plans
Protection Plans help to shield your family from uncertainties in life due to financial losses in
terms of loss of income that may dawn upon them incase of your untimely demise or critical
illness. Protection Plans go a long way in ensuring your familys financial independence in
the event of your unfortunate demise or critical illness. They are all the more important if you
are the chief wage earner in your family. No matter how much you have saved or invested
over the years, sudden eventualities, such as death or critical illness, always tend to affect
your family financially apart from the huge emotional loss.
Childrens Plan
Childrens Plans help to save,so that you can fulfill your childs dreams and aspirations.
These plans go a long way in securing your childs future by financing the key milestones in
their lives even if you are no longer around to oversee them. Childrens Plans help you save
steadily over the long term so that you can secure your childs future needs, be it higher
education, marriage or anything else. A small sum invested by you regularly can help you
build a decent corpus over a period of time and go a long way in providing your child a
secured financial future alongwith .
Retirement Plans
Retirement Plans provide you with financial security so that when your professional income
starts to ebb, you can still live with pride without compromising on your living standards. By
providing you a tool to accumulate and invest your savings, these plans give you a lump sum
on retirement, which is then used to get regular income through an annuity plan. Given the
high cost of living and rising inflation, employer pensions alone are not sufficient. Pension
planning has therefore become critical in today's world.
Savings and Investment Plans
You have always given your family the very best. And there is no reason why they shouldnt
get the very best in the future too. As a judicious family man, your priority is to secure the
well-being of those who depend on you. Not just for today, but also in the long term. More
importantly, you have to ensure that your familys future expenses are taken care, even if
something unfortunate were to happen to you. Our Savings & Investment Plans provide you
the assurance of lump sum funds for your and your familys future expenses. While providing
an excellent savings tool for your short term and long term financial goals, these plans also
assure your family a certain sum by way of an insurance .
Health Plans
Health plans give you the financial security to meet health related contingencies. Due to
changing lifestyles, health issues have acquired completely new dimensions becoming more
complex in nature. It becomes imperative then to have a health plan in place, which will
ensure that no matter how critical your illness is, it does not impact your financial
independence.
Above products are available through all our branches with expert personalised advice.
For more information, please visit our nearest branch or contact our Customer Service Centre
on Toll Free Number 1800229999
Please note that Bank is entitled for Commision for marketing the above products of M/S
HDFC Standard Life Insurance Co. Ltd. The details of the commission structure are available
at our Branches for the information of our customers.

Other Bank (NFS) Network
Bank has joined National Financial Switch (NFS) on 15th October 2010 for providing ATM
access to our customers across India. NFS is the network which facilitates routing of ATM
transaction through inter connectivity between banks switches thereby enabling customers to
utilize any ATM of a connected bank. Under this arrangement wide network of ATMs of
Nationalised, Foreign, Private and Co-operative Banks are available to our customers using
our Banks cards, i.e. our ATM card as well as the VISA debit card.
GOMO
Mobile Banking - GoMo

"Go-Mo" is a comprehensive Mobile Banking platform that will enable customers to manage
their own accounts with incredible ease from wherever they have mobile connectivity. The
product will give customers greater ease of use and a higher degree of convenience through
an intuitive and design rich interface.

The fund transfer facility offered through mobile banking is provided through the NFS
Switch of the National Payments Corporation of India (NPCI). This fund transfer facility
comes under Immediate Payment Service (IMPS) of NPCI. IMPS facilitates customers to use
mobile instruments as a channel for accessing their bank accounts and navigate interbank
fund transfers in a secured manner with immediate confirmation features. It offers an instant,
24X7, interbank electronic fund transfer service through mobile phones.

"Go-Mo" Mobile Banking Facility of Saraswat Bank lets you check the account balance,
view last five transactions, transfer funds within or outside Saraswat Bank, Merchant
Payments, request Cheque Book, initiate Stop Payment instructions, Hotlist Card and more.
To use the "Go-Mo" facility, you just need your Customer Id, Login Password and
Transaction Password.

The customer can transact upto Rupees Fifty Thousand only per day.

The Bank has taken special efforts to ensure the safety of customers' accounts by
implementing two factor authentication for transactions above Rupees Five Thousand as per
RBI guidelines.

Go-Mo facility will be offered free of cost to our customers.
Features of Go-Mo:
1. Check balances of your savings and current accounts
2. View last five transactions
3. Request for Cheque Book
4. Account Statement on email id registered with the Bank
5. Stop Payment of Cheque
6. Hotlisting of Card in case of loss of card to avoid misuse
7. Transfer funds upto Rupees Fifty Thousand per day, 24x7x365 days within your linked
accounts or to a third party account within the bank or Interbank using IMPS
8. Make payments without need to register a beneficiary
9. Merchants Payments facility like Utility Bill Payment, Mobile/DTH Recharge, Credit
Card Bills, etc.
Click here to know the details of Merchant MMID and Merchant Mobile number for
making Merchant Payments.
Steps for availing Go-Mo facility:
1. Customer has to submit the application form at his branch and register himself for Mobile
Banking facility. Click here to download the application form.
2. On successful registration, customer will receive a SMS containing Customer Id and a
link to download the Go-Mo application. Customer can also download the application
using the linkhttps://gomo.saraswatbank.co.in/saraswat/dl.do After registration, the
Branch will provide the customer a Welcome Kit containing Welcome Letter and an
informative and attractive Instruction Booklet and separate envelope containing Login
Pin and Transaction Password, using which he can avail the mobile banking facility.

SHAREHOLDERS
Loan Schemes
Schemes for Shareholders
Saraswat Bank provides various benefits to the shareholders under Members Welfare Scheme
of the Bank.
General Eligibility Norms :
Shareholding period , minimum 5 years. Minimum shareholding of 50 shares.
In case of joint shareholding , benefits are given to the Member whose name appears 1st
Saraswat Bank's employees are not eligible for the Scheme.
Accounting year is from January to December i.e. Calendar Year.
Interest Free Loan Scheme :
Bank has introduced this loan scheme for welfare of it's shareholders. In case of major
ailments of the member or depending member of his/her family, an interest free loan upto
Rs.25000/- will be provided repayable within period of 5 years against two personal sureties
acceptable to the bank. The member will have to produce a certificate from his/her
doctor/surgeon indicating the nature of ailment and the expenditure likely to be incurred for
the treatment/operation. Payment will be made by the bank directly to the concern doctor ,
hospital. Reimbursement of repayment of debts incurred for such ailment will be at the
discretion of the bank. Member desiring to avail of this facility may approach to any branch
of the bank convenient to him/her for necessary sanction.

SCHEME FOR FINANCIAL ASSISTANCE TO THE MEMBERS OF THE BANK BY
WAY OF REIMBURSEMENT OF MEDICAL EXPENSES.
General Eligibility :
A member should be Shareholder of the Bank for a minimum period of five years and
should have minimum shareholding of fifty shares.
In case of joint shareholding, benefits will be given to the member whose name appears
first.
Members who are Saraswat Bank's employees are not eligible for the Scheme.
Accounting year is from January to December i.e. Calendar Year.
A. MEDICAL CHECK-UP:
Expenses on general medical check-up i.e. complete medical check-up made at any reputed
private or charitable trust hospital, will be reimbursed subject to a maximum amount of
Rs.500/- once during the calendar year. Prescribed application forms for reimbursement of
expenses for medical check-up should be submitted along with the original receipt. The
receipt should be for complete medical check-up. The scheme is open for the member
himself/herself and also for the spouse above the age of 60 yrs.
B. REIMBURSEMENT OF MEDICAL EXPENSES :
Eligible members of the bank will be reimbursed medical expenses upto a maximum of
Rs.5,000/- incurred by him/her once during a calendar year for self or his /her spouse or
handicapped children as under :
Expenses up to 50 percent of the original bill/s shall be considered.
50 percent of the difference between the amount claimed and amount settled by the
member's employer or from the employer of his/her close relative and the amount settled by
the employer of his/her close relative.
The maximum amount reimbursable under above (a) or (b) is Rs.5,000/- for the entire
calendar year.
Illnesses Covered :
Cancer, Tuberculosis, Paralysis, Cardiac ailments, Dental Disease, Brain Tumour, Major
accident, surgical treatment (like Cataract Operations, etc.) and chronic illness. Charges for
spectacles/lenses/Dentures are also included.

Reimbursement will not be available for maternity and/or allied operations and ailments.
C. SPECIAL MEDICAL ASSISTANCE SCHEME FOR MAJOR CRITICAL
ILLNESS
The scheme is open for the member above the age of 70 yrs. Eligible members of the Bank
will be reimbursed medical expenses incurred for self, subject to a maximum of Rs.20,000/-
once in a life time, on account of hospitalization and/or surgical intervention for major
specified illnesses given below:
Angioplasty, Bypass Surgery, Cancer, Kidney ailments, Neuro Surgery, Paralysis and
Major accident.
Terms and Conditions:
Expenses up to 50 percent of the original bill/s are considered.
50 percent of the difference between the amount claimed and amount settled by the
employer of the member's close relative or insurance company.
The maximum amount reimbursable under above (a) or (b) is Rs.20,000/- once in a life
time.
Member claiming reimbursement for illnesses covered under this scheme shall not be
eligible to claim reimbursement for the same illness covered under the Medical Assistance
Scheme given under Clause B above, in the same calendar year.
OTHER CONDITIONS:
A member who gets reimbursement of medical expenses from his/her employer or the
employer of his/her close relative is also eligible. Reimbursement of medical expenses will
also be available to a person who has been admitted to the membership of the bank on
transmission of share provided the total duration for which the shares are held by the
transmitter and the person becoming a member on transmission is five years or more. The
word transmission means inheritance from member by son / daughter or spouse on the death
of original shareholder and does not mean transfer from one member to another for the
purpose of eligibility under the scheme. A shareholder whose gross income should not exceed
Rs.10,000/- p.m. is eligible for assistance under the scheme and should submit the income
proof. (Slary slip/ Certificate / latest I.T. Return).
EXPENSES COVERED:
Hospital charges
Diagnostic test charges like Pathological tests, E.C.G. etc
Medicines, drugs, injections, dressing material, for the illness
Surgeon's fees , Anesthetist's fees
Blood transfusion and dialysis charges
Operation Theatre charges
Physicians and /or Consulting Doctor's fees
Ambulance charges
Any other charges approved by the Board of Directors.

If a member dies, the reimbursement will be available to his/her spouse or to his/her
son/daughter who pays the hospital bills of the deceased member, subject to the ceiling
stipulated.
PROCEDURE FOR SUBMISSION OF APPLICATION FOR REIMBURSEMENT:
A member who desires to avail of the benefit under the scheme will have to submit a
prescribed application along with the income declaration/ proof, original bill/s from the
hospital/medical shops/doctor and doctor's prescription with certificate regarding sickness.
The prescribed application may be directly submitted to the Share Department of the Bank at:

Madhushree, sector 17, Plot No.85, District business Centre, Vashi,
Navi Mumbai - 400 703.
Tel : 24671110/24671101.

Claim for reimbursement of medical expenses incurred for current calendar year be submitted
once in the same year or latest by 15th March of the next year at the Share Department.

A member who gets reimbursement from his/her employer or from the employer of his/her
close relative will have to submit a declaration from his/her employer or employer of his/her
close relative who has reimbursed a part of medical expenses.

If he/she taken medical insurance policy he/she will not be eligible for the financial assistance
under the medical schemes. However, if he/she has taken medical insurance policy,
reimbursement may be given in case the expenses are not covered by the insurance company
subject to his/her declaration that the present claim for reimbursement of original medical
bills submitted to bank is not covered by the insurance company.
GENERAL:
The Board decision to sanction, reject an application or to sanction only a part of expenses
shall be final.
Granting of Medical Assistance will be strictly subject to the availability of funds from the
Members Welfare Fund in the calendar year.
The Board shall have the discretion to consider on merit any deserving cases and to
sanction appropriate/ higher relief, as the Board may consider and deem fit..
Board shall have the absolute discretion at any time or from time to time to add, to amend,
to modify or to delete any of the schemes given herein

Miscellaneous Services
Saraswat Bank provides information of it's various Miscellaneous Services customers can
avail of with the bank.

Functionalities offered on Internet Banking:
1. View Linked Accounts Details
2. Statement of Accounts
3. Mini Statements
4. Status of Cheque issued
5. View Loan Account details
6. Activity Log Report - Check activities carried out at the end of the session
7. Cheque book request
8. Fund Transfer in own account Customer can transfer funds between their linked
accounts.
9. Intra Bank Funds Transfer Customer can transfer funds to any other customer of
Saraswat Bank
10. Inter Bank Funds Transfer (RTGS/NEFT) Customer is able to transfer funds from one
bank to another.
11. 26 AS View the position of the tax paid during the year as well as for previous year.

Fund transfer through RTGS NEFT for Internet Banking Users
Online NEFT/RTGS Registration
Download 'Internet Banking Registration Forms' from 'Download forms' option given
on our bank's site.
Fill up the application form, giving the NEFT/RTGS limit required and submit it in your
home branch.
On registration by the branch, you will receive username, login PIN and transaction PIN.
In case of existing net banking customer applying for fund transfer facility, Transaction
PIN will be sent seperately.
RTGS/NEFT Global Limits
Savings account customer
Savings account customers can opt for online NEFT limit within the global limit range of
Rs 1/- to Rs 3.00/- lakhs
Online RTGS facility is not available to Savings account customers.
Savings customer wishing to transfer money through RTGS will have to give his request
across the counter as per present practice.
Current account customer
Current account customers can opt for online NEFT/RTGS limit within the global limit
range of Rs 1/- to Rs 20.00/- lakhs
Combination of NEFT and RTGS limit should not cross Rs 20.00 lakhs.
Account holders already using this feature for lower limits can request to increase their On-
line NEFT/RTGS limit.
Download 'On-line NEFT/RTGS request Form
Timings of NEFT/RTGS
Monday to Friday - RTGS request received from 9.00 a. m to 3.45 p.m. and NEFT request
received from 9.00 a. m. to 6.00 p.m. will be executed.
Saturday - RTGS request received from 9.00 a. m. to 1.15 p.m. and NEFT request received
from 9.00 a. m. to 12.15 p. m. will be executed.
System will not accept RTGS/NEFT requests received after cut off time.
Steps to login 'Online Banking' & 'NEFT/RTGS' transaction
Customer would receive Username and Login password and Transaction Pin through
courier/speed post.
Steps for Login 'Online Banking'
Click on Internet Explorer
In address field type 'http://www.saraswatbank.com' to log on to Saraswat bank site.
Click on 'Internet Banking' to logon 'Online Banking'
Click on 'Online Banking' and in next screen enter your 'Username Name' and 'Password'
and click on submit button.
In case you are using Net Banking facility first time then system will force user to
change Login PIN.
Even for new Transaction pin, system will force user to change the Transaction PIN.
Change - Login pin.
Enter your Login pin in the field 'Old Login pin' field.
Enter 'New Login pin' consisting of minimum 8 characters to maximum 16 characters with
1 special characters (like @, %, # etc) in field 'New Login pin'.
While setting the password characters should not be repetitive.
Confirm Login Pin in third field
Click on 'I agree'.
Then the system will logoff automatically.
To Login again click on 'Online Banking' and in next screen enter your 'User name' and
newly set login Password.
Change - Transaction pin.
To set the new transaction password click on 'Change password'
In the change password field, enter your transaction password received in the field 'Old
Password'
Enter your New transaction pin consisting of 8 to 16 characters with 1 special character
(like @,%,# etc) in field 'New password'.
While setting the password characters should not be repetitive
Please note that the Transaction pin should not be same as Login pin.
Enter same Transaction password again in field 'Confirm password'.
Click on 'Change Transaction Password' box.
Press OK
You will get message "Transaction password changed successfully ".
User has to Re-login with 'Username' and with 'New Login password'.
On login, system will display all linked accounts as well as options available to net banking
customer including NEFT/RTGS option.
Steps to Login NEFT/RTGS
Click on 'NEFT/RTGS' option and user will get four options namely 'Add New Payee',
'Confirm New Payee', 'Delete Payee' and 'Help' options.
Below that system will display Debit account and NEFT/RTGS fields.
Before doing NEFT/RTGS transaction, user should know beneficiary account number,
IFSC code of beneficiary's bank, name, address and mobile number.
To locate IFSC code of beneficiary's bank, click on NEFT/RTGS given in point 1.8 under
'Help'.
Then it will link to RBI site and will show name of the banks.
Clicking on the required bank, will show the list of branches with IFSC code.
Steps for NEFT/RTGS transaction
Add New Payee
User will have to register beneficiary first i.e. to whom he wishes to transfer the money.
User will click on 'Add New Payee' option to register the beneficiary.
User will enter Payee Name, account number, IFSC code in 'Add New Payee' option and
will click on 'OK'.
Security code will be generated for newly registered payee and will be sent by SMS to user
on the mobile number registered to your primary account.
Customer will enter this security code in PRN field and click on submit.
Confirm New Payee
After adding new payee user will go to 'Confirm new Payee' option.
Customer will have to enter the beneficiary account number in the Beneficiary Account
field. After entering the account number the system will display the payee details for
confirmation. User will check the Payee details and will then enter his Payee Registration
Number (PRN) sent on the registered mobile number.
On entering PRN system will confirm newly added payee and screen will display a
message Payee added successfully.
In case wrong details are entered then user can go to 'Delete Payee' and can cancel the
payee registered.
To do Funds transfer three options will be displayed on the screen
1. Transfer of Funds in linked account.
2. Intra bank transfer of funds.
3. Inter bank transfer of funds using RTGS/NEFT.
Customer can select the option which he prefers to use
Online Fund Transfer through NEFT/RTGS
To proceed for NEFT/RTGS transaction on the main screen user will select the account
from the drop down which user wishes to debit from his linked account.
Then user will select NEFT or RTGS and will click on 'submit' and system will display
next page.
User will click on 'Payee' icon and system will display list of all registered payee in the
drop down.
User will select payee and system will display details of payee selected.
User will enter amount, transaction password and immediately after that system will pop up
message 'Applicable charges will be debited to your account' before confirming the
transaction.
After entering the Transaction password an One Time Password (OTP) will be sent on your
registered mobile number.
Then system will debit account with RTGS/NEFT amount, applicable charges and will
display transaction reference number (i.e. Unique Transaction Reference-UTR for RTGS
transaction and Reference Number in case of NEFT) on the screen.
User will have to enter the One Time Password (OTP)/Dynamic Password and click on
submit button
User can note down the reference number which can be used by the user to track the
transaction.
The system will do auto authorization of transaction.
Customer will be intimated through SMS on debiting his account.
Rejection of Transaction
In case the transaction is rejected due to any reason e.g. incorrect IFSC code, incorrect
account number, then transaction will be reversed to your home branch.
Home Branch will reverse the amount to respective customers account.

Standing Instructions
A standing instruction is a remittance service by which you can instruct Bank to effect
fund transfer at preset timings and amounts from your account to designated beneficiary
account.
The standing instructions can used for:
1. Repayment of loan by deduction installment at specific interval.
2. Payment of bills.
3. Transfer to recurring deposit accounts.
4. Payment of safe deposit rentals
5. Payment of salary
Inter A/c transf er of FD interest at stipulated intervals
Cash Pick Ups
For our valuable customers who are required to deposits cash on a regular basis, bank offers
the service of pick of cash from the customer's door-steps at a minimum charge

Nomination of Deposits
Bank offers nomination facility in all deposit accounts opened by you as a individual . Bank
also allows you to make a nomination if you are opening a current Account as a sole
proprietory concern .The guidelines which are to be followed for making a nomination are
given below:
You can nominate only one person per account.
You can also nominate a Minor .
Modification/change in nomination can be made subsequently also with the approval of all
the account holders.

Death Claim Settlement
Bank has simple procedure to enable the customer to settle the dues which arise from sudden untimely demise
or death of a relative . With minimum paperwork, absolutely no hassles and in short time our officials at any of
our branches with full understanding and empathy settle your dues.

Lockers
Bank offers facility of Safe Deposit Locker at many of its branches .This enables you to keep your
valuables/security safely. A very nominal rent is charged annually depending on the size of the locker . These
charges can be recovered from your Saving Account . You can give standing instruction from your saving
account for repayment of rent
RTGS/NEFT
Real Time Gross Settlement (RTGS)
Bank offer RTGS facility to its customers.
The acronym "RTGS" stands for Real Time Gross Settlement. RTGS system is a funds
transfer mechanism where transfer of money takes place from one bank to another on a "real
time" and on "gross" basis. This is the fastest possible money transfer system through the
banking channel. Settlement in "real time" means payment transaction is not subjected to any
waiting period. The transactions are settled as soon as they are processed. "Gross settlement"
means the transaction is settled on one to one basis without bunching with any other
transaction. Considering that money transfer takes place in the books of the Reserve Bank of
India, the payment is taken as final and irrevocable.
The RTGS system is primarily for large value transactions. The minimum amount to be
remitted through RTGS is 2.00 lac. There is no upper ceiling for RTGS transactions. RTGS
eliminates settlement risk.
The system has also stabilized over the years and has been witnessing increased coverage in
terms of bank branches and transaction volume. The volume of RTGS transactions is
increasing rapidly.
Charges for RTGS:

Value Band Revised Charges w.e.f. 15.11.2010
RTGS Rs 2 lakhs to Rs 5 lakhs Rs 25.00 per transaction + Service tax

Above Rs 5 lakhs Rs 50.00 per transaction + Service tax
National Electronic Fund Transfer (NEFT)
NEFT is an electronic payment system to transfer funds from one account to another,
between NEFT participant bank branches in India. The NEFT system operates on a deferred
net settlement basis(DNS), in which transactions are settled in batches. It is a risk free, secure
and reliable mode for transfer of funds of any amount, in which more than 75,000 branches of
100 Banks participate.
Charges for NEFT

Value Band New charges (excl. of service tax) w.e.f. 01/08/2012
1 Amounts upto 10,000 2.50
2 Amounts from 10,001 to 1 lac 5.00
3 Amounts above 1 lac to 2 lac 15.00
4 Amounts above 2 lac 25.00
TIMINGS
RTGS WEEKDAYS SATURDAY
R41(Customer
messages)
9:00 a.m. to 4:30 p.m. 9:00 a.m. to 1:30 p.m.
R42(Interbank
messages)
9:00 a.m. to 6:00 p.m. 9:00 a.m. to 3:00 p.m.
NEFT WEEKDAYS SATURDAY
N06 (Customer
messages)
9:00 a.m. to 7:00 p.m. in 11
hourly settlements
9:00 a.m. to 1:00 p.m. in 5
Hourly settlements

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