Alkita Vetale (1) Fair Project

FINANCIAL PRODUCTS AND SERVICES OFFERED BY SARASWAT BANK .
BACHELOR OF COMMERCE
BANKING AND INSURANCE
SEMESTER V
(2014 2015)
SUBMITTED BY :
ALKITA S. VETALE.
ROLL NO. 24.
GUID NAME
PROF. KAZANFAR KHAN.
SREE NARAYAMNA GURU COLLEGE OF COMMERCE

P.L. LOKHANDE MARG, CHEMBUR,
MUMBAI- 400 089.
Financial Products And Services Offered By Saraswat Bank .
Bachelor Of Commerce
Banking And Insurance
Semester V
Submitted
In Partial Fulfillment Of The Requirements
For The Award Of The Degree Of
Bachelor Of Commerce - Banking & Insurance
By
Alkita S. Vetale.
Roll No. 24.
Sree Narayana Guru College Of Commerce

P.L. Lokhande Marg, Chembur,
Mumbai- 400 089.
CERTIFICATE
This is to certify that miss alkita s. vetale
Of b.com banking and insurance - semester v (2014 - 2015) has
successfully Completed the project on
financial products and services offered by saraswat bank
under the guidance of kazanfar khan .
Karishama kasare
dr. ravindran karthadi
course co-ordinator
principal
kazanfar khan
project guide / internal examiner
external examiner
ACKNOWLEDGEMENT
thanks giving seem to be the most pleasant of all the jobs but it is difficult when
one ries to put into words. This project has been brought into fruition through the efforts
of some very special people. No projects of such a would like to thank .
I am thankfull to all those people whom to keep interest in my project. I would like
to thank to my project and without her encouragement and active support this project
would not habe been seen the light of completion.
I would like to take this opportunity to express my sincere thanks to ravindram
kharthadi, principal pof sree Narayan guru college of ciommerce, who gave me the
opportunity to undergo on this peoject.
I also feel heatiest sense of obligation our college staff members and senoiors who
helped me in collection of data and recourse material and also in this processing as well as
in drafting manuscript.
Finally, last but not least my parents who ecpurage me for completion of this
project and their blessings.
HISTORY OF A BANK
The term bank is either derived from old itaklian word banco or from a French word
banquet both mean a bench or money exchange table. In olden days, European money
lenders or money changes used to display
(show) coins of different countries inbig heaps (quantity) on beches or tables for the
purpose of lending or exchanging.
The history of banking begins with the first prototype banks of merchants in the ancient
worold, which made grain loans to farmers and traders who carried goods between cities.
This began around 200 bc in assryria and badylonia. later, in ancient Greece and during
the roman empire, lenders based in templets made loans and added two important
innovations: they accepted deposits and changed money. Archaeology from this periods in
ancient china and india also shows evidence of money lending activity.
Banking, in the modern sense of the world, can be traced t0o medieval and early
renaissance Italy, to the rich cities in the north such as Florence, venice and genoa. The
bardi and perizzi families dominated banking in 14th century Florence, establishing
branches in many other parts of Europe. Perhaps the most famous Italian bank was the
medici bank, established by Giovanni medici in 1397. The position of the medicos was
eventually taken over by the fuggers and the welsers.
the oldest bank still in existence is monte dei paschi di siena, headquartered in siena, Italy,
which has been operating continuoiusly since 1472. It is followed by berenberg bank of
hamburg (1590).
The development of banking spread from northen Italy through Europe and a number of
important innovations took place in amsterdam duringthe dutch republic in the 17th
century and in london in the 18th century.
During the 20th century, developments in telecommunications and computing caused major
changes to banks operatiuons and let banks dramatically increase in size and geographic
spread. The financial crisis of 2007-2008 caused bank failurews, including some of the
worlds largest banks, and provoked much debate about bank regulation and the size and
role of banks in the economy.
INTRODUCTION TO BANKING
Bank Is An Institution That Deals In Money And Its Substitutes And Provides Crucial
Financial Services. The Principal Type Of Banking In The Modern Industrial World Is
Commercial Banking And Central Banking.
Banking Means Accepting Deposits Fior The Purpose Of Lending Or Investment Of
Deposits Of Money From The Public, Repayblw On Demand Or Otherwise And Withdraw
By Cheques, Drafts Or Otherwise.
-
Banking Regulation Act , 1949.
The Concise Oxford Dictionary Has Defined A Bank As Establishment Fo0r Custody Of
Money Which It Pauys Out On Customer Order . In Fact This Is The Fuction Which The
Bank Performed When Banking Originated.
Banking In The Most General Sen Sense, Is Meant The Business Of Regarding,
Conserving And Utilizing The Funds Of Community Or Of Any Special Section Of It.
By H. Wills And J. Bogan.
A Banker Of Bank Is A Person , A Firm, Or A Company Having A Place Of Business

Where Credits Are Opened By Deposits Or Collection Of Money Or Currency Or Where
Money Is Advanced And Waned:.
By Findlay Sheras.Thus,
A Bank:
Accept Deposits Of Money From Public.
Pays Interest On Money Deposited With It.
Lands Or Invests Money.
Repays The Amount On Demand.
Allow The Money Deposited Tpo Be With Drawn By Cheque Or Draft.
Origin Of Word Bank:
The Origin Of The Word Bank :

Is Shouded In Mystery, Aacording To One, View Point The Italian Business Houses
Earing On Crude From Of Banking Were Called Banchi Bancheri Clearing To Another
View Point Banking Is Derived From German Word Bank Which Mean Heap Or
Mound. In England The Issues Of Paper Money By The Government Was Of Paper Money
By T He Government Was Refered To As A Raising A Bnank.
Origin Of Banking:
Its Origin In The Simplest From Can Be Tracked To One Origin Of Authentic History.
After Recording The Benefits Of Money As Medium Of Exchange The Importance Of
Bnking Was Developed As It Provides The Safer Place Ultimately Evolved In To Financial
Institutions That Accepts And Mark Loan That Is Modern Commercial Banks.
INTRODUCTION OF SARASWAT BANK

The Bank Has A Very Humble But A Very Inspiring Beginning. On 14th September 1918,
"The Saraswat Co-Operative Banking Society" Was Founded. Mr. J.K. Parulkar Became
Its First Chairman, Mr. N.B. Thakur, The First Vice-Chairman, Mr. P.N. Warde, The
First Secretary And Mr. Shivram Gopal Rajadhyaksha, The First Treasurer. These Were
People With Deep And Abiding Ideals, Faith, Vision, Optimism And Entrepreneurial
Skills. These Dedicated Men In Charge Of The Society Had A Commendable Sense Of
Service And Duty Imbibed In Them. Even Today, Our Honorable Founders Inspire A
Sense Of Awe And Respect In The Bank And Amongst The Shareholders.
The Symbol Takes Off From Our Earlier Logo And Visualizes A Hexagon. It Is An
Attempt Toappeal To Younger And New Customers Without Alienating The Existing
Ones. The Logorepresents Two Caring Hands In The Shape Of A Hexagon. The Upper
Hand Is Of Golden Yellowcolour. Yellow Is The Colour Of Warmth, Sunshine, Cheer And
Happiness. Gold Of Wealth, Prosperity And Ever Increasing Value. They Are The Colours
Of The Sun And Symbolize Life,Youth And Harmony. The Lower Hand Is Burgundy Red,
The Colour Of Excitement, Strengthand Passion. It Symbolizes Aggressiveness And In The
Indian Context, Soubhagya.
HISTORY OF SARSWAT BANK

The Saraswat Co-Operative Banking Society" Was Founded On 14th September 1918.
Mr.J.K. Parulkar Became Its First Chairman, Mr. N.B. Thakur, The First Vice-Chairman,
Mr.P.N. Warde, The First Secretary And Mr. Shivram Gopal Rajadhyaksha, The First
Treasurer.These Were The People With Deep And Abiding Ideals, Faith, Vision, Optimism
Andentrepreneurial Skills.
The Society Was Initially Set Up To Help Families In Distress. Its Objective Was To
Provide Temporary Accommodation To Its Members In Eventualities Such As Weddings
Of Dependent Members Of The Family, Repayment Of Debt And Expenses Of Medical
Treatment Etc. The Society Was Converted Into A Full-Fledged Urban Co-Operative Bank
In The Year 1933.
The Bank Has The Unique Distinction Of Being A Witness To History. The Bank, Which
Was Originally Founded In 1918, I.E. Close On The Heels Of The Russian Revolution, Also
Witnessed As A Society And As Bank - The First World War, The Second World War,
India's Freedom Movement And The Glorious Chapter Of Post-Independence India.
During This Cataclysmic Cavalcade Of History, The Bank As A Financial Institution And
Its Members Could Not Of Course Remain Unaffected By The Economic Consequences Of
The Major Events. The Two Wars In Particular Brought In Their Wake, Paucities Of All
Kinds And Realities And Stand By Its Members In Distress As A Solid Bulwark Of
Strength. The Founder Members And The Later-Day Managements Of The Bank
Continued To Demonstrate Their Unwavering Faith In The Destiny Of The Common Man
And The Co-Operative Movement And They Encouraged The Shareholders To Save
Despite All Odds.
Thanks To These Sustained And Assiduous Efforts Over 25 Years After Its Inception, The
Bank Had Gained A Strong Foundation In Terms Of Its Membership, Resources, Assets
And Profits. By 1942, The Bank Was Fulfilling All The Banking Needs Of Its Customers.
During The Late Fifties, The Bank Grew From Strength To Strength. The Bank Had
Established Five Branches Within The City Of Mumbai And One Each At Pune
And Belgaum. In Its 50th Year, The Bank Chose A Bee Motif To Symbolise The
Bank's Emblem - A Fitting And Appropriate Characteristic Of A Bank That
Believed In Hard Work, A Search For All That Is Good, A Team Spirit To Achieve
Its Objectives And Selfless Service To Its Members And Customers. The Bank
Had Grown In Stature, Progressed In Its Social And Economic Objectives And
Produced An Image Of What An Ideal Bank Should Be. Resultantly, In The Year
1977-78, The Bank's Gross Income Crossed The Rs.3.00 Crore Mark For The First
Time.
In 1988, The Bank Was Conferred With "Scheduled" Status By Reserve Bank Of India.
The Bank Is The First Co-Operative Bank To Provide Merchant Banking Services. The
Bank Got A Permanent License To Deal In Foreign Exchange In 1978. Presently The Bank
Is Having Correspondent Relationship In 45 Countries Covering 9 Currencies With Over
125 Banks. In 1992, The Bank Completed 75 Years. Platinum Jubilee Celebrations Were
Inaugurated On 14th September, 1992 And The Bank Also Crossed The Business Level Of
Rs. 700 Crores.
The Beginning Of The 21st Century Has Been A Giant Leap Forward For The Bank. The
Bank Chose A Path Of Organic/Inorganic Growth And Our Pace Of Growth Accelerated
.The Bank's Total Business Which Was Around Rs.4000 Crore In 2000 Almost Tripled To
Rs.15295 Crore In 2007.
In The Year 2008, The Bank Launched A Branding Initiative . The Purpose Of Such An
Exercise Was To Reconfirm The Thrust Of The Bank On Its Core Values, Which Can Be
Summed Up As A "Sense Of Belonging". The Name Of The Bank Should Always Inspire A
Sense Of Belonging In All Its Stakeholders And The Bank Continues To Fulfill The
Changing Needs And Expectations Of The Customer With Unflinching Gusto And
Aplomb.
MISSION STATEMENT
"To Emerge As One Of The Premier And Most Preferred Banks In The Country By
Adopting The Highest Standards Of Professionalism And Excellence In All The Areas Of
Working"
PROFILE :
"Service To The Common Man" Has Been The Motto Of Saraswat Bank For The Last 96
Years. Bank In Spite Of Its Growth In Size Has Been Able To Offer To The Customers
The Dual Advantage Of "Ability Of Big Banks And Agility Of Small Banks"
The Bank Still Continues To Function With The Glorious Tradition In Public Services
Besides Being The Largest Urban Co-Operative Bank In India, Saraswat Bank Has Now
Become The Largest In Asia. Saraswat Bank Has Now 267 Fully Computerized Branches
As Of 31st March 2014, 15 Zonal Offices And Departments Located Across 6 States Viz.
Maharashtra, Goa, Gujarat, Madhya Pradesh, Karnataka And Delhi.
Saraswat Bank Attributes This Success To Its Undying Spirit To Serve The Common Man
And To The Sharpening Of Its Competitive Edge By Constantly Upgrading Technology To
Match International Standards. The Bank Is Fully Computerised And Offers Convenient
Working Hours.
Saraswat Bank Has Introduced A Wide Range Of Credit Schemes At Attractive Interest
Rates, Which Has Become Very Popular, Especially Among The Middle-Class In View Of
The Easy Repayment Plans. Bank Offers Attractive Interest Rates On Deposits And Also
Various Add On Features At Very Market Competitive Rates.
Finanacial products and services
DEPOSIT SCHEMES
PERSONAL deposit
Savings
Elite Accounts
Current
Elite Current Account
Term Deposit
SAVINGS ACCOUNTS
Regular Savings Account

CUBS Account for Kids
CAMPUS Account for College student
Akshay Salary Account
Suvidha Savings Account
Janhit Account
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. A Trust & Foundation can also open a Savings Account.
OFFICIALLY VALID DOCUMENTS:

(i) Passport, (ii) Driving license, (iii) PAN Card, (iv) Voter's Identity Card (v) NREGA Job
Card (vi) Letter issued by the UIDAI containing details of name, address and Aadhaar
number.
2 latest passport size photographs and any one of the officially valid documents as Identity
and Address proof
If the address on the document submitted for identity proof is same as that declared by him
/ her in the account opening form, the document may be accepted as a valid proof of
address also.
HINDU UNDIVIDED FAMILY

o
Pan Card of HUF
Identity and address proof of Karta
Declaration form for HUF duly filled in and signed by Karta with stamp of HUF and
Coparcener
TRUST & FOUNDATION

o
Copy of the trust deed
Copy of the registration certificate
Copy of the resolution by the trustees authorising the members concerned to open and
operate the account
Any officially valid document identifying the authorized signatories and their addresses
as given above
Pan Card
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 officially valid documents as Identity and Address proof (of the parent)
(i) Birth Certificate of the child (mandatory)
OFFICIALLY VALID DOCUMENTS OF THE GUARDIAN:
(ii) Passport, (iii) Driving license, (iv) PAN Card, (v) Voter's Identity Card (vi) NREGA
Job Card (vii) Letter issued by the UIDAI containing details of name, address and Aadhaar
number.
ORIGINALS & SELF-ATTESTED COPIES TO BE SUBMITTED FOR

VERIFICATION
/ her in the account opening form.
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
Saraswati Education Loan: 0.25% rebate in rate of interest and 25% waiver in
prevailing processing fee
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:
and Address proof
Officially Valid Documents Of The Guardian:
(ii) Passport, (iii) Driving license, (iv) PAN Card, (v) Voter's Identity Card (vi) NREGA
Job Card (vii) Letter issued by the UIDAI containing details of name, address and Aadhaar
number.
address also
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:
and Address proof
Officially Valid Documents

number.
address also.
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:
and Address proof
Officially Valid Documents:
number.
address also.
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.
JANHIT ACCOUNT
Banking services at affordable costs for making banking available to every individual.
FEATURES AND BENEFITS:
Minimum balance requirement is just Rs 100/-
The initial deposit required would be Rs 250/-
Standing instruction facility available for credit transactions.
Free Passbook.
Avail Free ATM Card. ATM Cards can be used at Saraswat Bank ATM's only.
Visa Debit Card free for 1st year Rs 99/- p.a. thereafter
Intra Day Cash Limit of ATM/Visa Card is Rs 25000/- only
The account can be operated only in the home branch.
ELIGIBILITY:
Any individual can open the account either singly or jointly.
INTEREST RATE
Interest Rate applicable on Janhit Deposit Scheme is 4% p.a. w.e.f. 1st April 2012.
DOCUMENTATION:
2 passport size photographs
Duly filled account opening form
ELITE SAVINGS
Elite saving account
Elite silver saving account
Elite gold saving account
ELITE SAVING 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.
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.
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.
ELIGIBILITY:
Individuals (singly or jointly), minor by guardian, organizations, co-op. societies
Passport, (ii) Driving license, (iii) PAN Card, (iv) Voter's Identity Card (v) NREGA Job
number.
and Address proof
address also.
Pan Card of HUF
Declaration Form For Huf Duly Filled In And Signed By Karta With Stamp OF
HUF And Coparcene
TRUST & FOUNDATION
operate the account
Any Officially Valid Document Identifying The Authorized Signatories And Their
Addresses As Given Above Pan Card
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:
Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies
number.
and Address proof
address also.
Pan Card of HUF
Coparcener
TRUST & FOUNDATION
operate the account
as given above Pan Card
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:
Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies

number.
and Address proof
address also.
Pan Card of HUF
Coparcener
TRUST & FOUNDATION
operate the account
as given above
Pan Card
CURRENT ACCOUNT
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
HUFs
Trusts
Clubs, Mandal and Associations

(i) Passport, (ii) Driving license, (iii) PAN Card, (iv) Voter's Identity Card (v) NREGA
Job Card (vi) Letter issued by the UIDAI containing details of name, address and
Aadhaar number.
2 latest passport size photographs and any one of the officially valid documents as
Identity and Address proof
If the address on the document submitted for identity proof is same as that declared by
him / her in the account opening form, the document may be accepted as a valid proof of
address also.
Public Or Private Limited Companies
Certificate of Incorporation and Commencement of Business
Certified true copy of Memorandum and Articles of Association
Certified Board resolution authorising the opening and operation of the account
PAN or GIR No. or completed Form 60.
Any officially valid document identifying the authorized signatories and their
addresses as given above
PARTNERSHIP FIRMS
o
Partnership Deed and Registration Certificate
Any officially valid document identifying the partners and authorized signatories and
their addresses as given above
PROPRIETORSHIP CONCERNS
Any two documents from the following can suffice
o
Sales and/or Income tax returns
CST and/or VAT certificate
Certificate/Registration document issued by Sales Tax/Service Tax / Professional Tax
authorities
o
Licence issued by the Registering authority like Certificate of Practice issued by

Institute of Chartered Accountants of India, Institute of Cost Accountants of India,
Institute of Company Secretaries of India, Indian Medical Council, Food and Drug
Control Authorities, etc.
Registration Certificate (in the case of a registered concern),
Certificate/Licence issued by the Municipal authorities under Shop & Establishment

Act
IEC (Importer Exporter Code) issued to the proprietary concern by the office of
DGFT
Utility bills such as electricity, water and landline telephone bills
Complete income tax return in name of the proprietor wherein the firms income is
reflected.
TRUST & FOUNDATION

o
Copy of the resolution by the trustees authorising the members concerned to open
and operate the account
Pan card
CLUBS / MANDALS / ASSOCIATIONS

o
Copy of PAN
Bye-laws of the association or club
Certificate of Registration
Copy of the resolution by the Board authorizing the members concerned to open and
operate 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.
ELITE CURRENT ACCOUNT SAVINGS

Premium Current Account
Platinum Current Accou
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
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.
ELIGIBILITY:
Partnership Firms
Trusts
Officially Valid Documents :

Aadhaar number.
address also.
PUBLIC OR PRIVATE LIMITED COMPANIES
PARTNERSHIP FIRMS
Any two documents can suffice:
Certificate/Registration document issued by Sales Tax/Service Tax/Professional Tax

authorities

Registration Certificate (in the case of a registered concern)
Certificate/License issued by the Municipal Authorities under Shop & Establishment

Act
DGFT
Utility bills such as electricity,water and landline telephone bills
Complete income tax return in name of the proprietor wherein the income of the firm
is reflected.
TRUSTS
Copy of the resolution by the trustees authorizing the members concerned to open and
operate the account
Pan Card
Copy of PAN
operate the account
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.
ELIGIBILITY:
Partnership Firms
Small and Medium Enterprise
Retail Establishment
Trusts
JOB CARD (VI) LETTER ISSUED BY THE UIDAI CONTAINING DETAILS OF
NAME, ADDRESS AND AADHAAR NUMBER.
2 LATEST PASSPORT SIZE PHOTOGRAPHS AND ANY ONE OF THE
OFFICIALLY VALID DOCUMENTS AS IDENTITY AND ADDRESS PROOF
IF THE ADDRESS ON THE DOCUMENT SUBMITTED FOR IDENTITY PROOF IS
SAME AS THAT DECLARED BY HIM / HER IN THE ACCOUNT OPENING FORM,
THE DOCUMENT MAY BE ACCEPTED AS A VALID PROOF OF ADDRESS ALSO.
PARTNERSHIP FIRMS

authorities


Act
DGFT
is reflected.
TRUSTS
operate the account
Pan Card
Copy of PAN
operate the account
SERVICE CHARGES:
For Service Charges details please refer to Service Charges section on website.
ACCOUNT CLOSURE CHARGES:

If closed within 6 months Rs. 1000 +charges for unused cheque leaves at Rs. 2 per leaf.
If closed within 1 year Rs. 500 +charges for unused cheque leaves at Rs. 2 per leaf
PLATINUM CURRENT ACCOUNT

Saraswat Bank has grown over the years and so have you. Our growth is directly
proportional to your progress and Bank is keenly aware of it. With the purpose of
accelerating excellence in our services provided to you Bank has launched a new product
Platinum Current Account. Encouraging entrepreneurship by providing various
facilities free to the customer is the hallmark of the product. You can avail multiple
benefits by maintaining average quarterly balance of Rs 3.00 lac in your current account
for Metro/Urban branches and Rs 2.00 lac for Semi Urban / Rural branches.
Minimum balance of Rs 3,00,000/- in Mumbai and Rs 2,00,000/- outside Mumbai per

quarter.
Deposit / Withdraw cash from any of our branches
Free Access to other banks ATMs
Free DEMAT Account, i.e. you do not have to bear any annual maintenance charges.
Free remittance of funds through DD/PO or NEFT /RTGS.
No charges for giving standing instruction or solvency certificates
Free Cash handling i.e. you can deposit any amount of cash in your account free of
charge in 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
Free statement of accounts and Balance confirmation certificate once in a month
Free Internet Banking and Mobile Banking facility that enables you to check your
account balance and transactions in your account without any extra charges.
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.
Apart from the above any retail loans extended in the name of
Firm/Company/Proprietor/Partners/Directors will enjoy 100% concession on
processing fees.
Employees of your company are entitled to enjoy multiple benefits under Akshay
Salary Scheme.
ELIGIBILITY:
You can open a Platinum Current account with us if you are:
Partnership Firms
Trusts
Aadhaar number.
address also.
PARTNERSHIP FIRMS
PROPRIETORSHIP CONCERN

authorities


Act
DGFT
is reflected.
TRUSTS
operate the account
Pan Card
Copy of PAN
operate the account
TERM DEPOSIT
Fixed deposit
Recurring deposits
Madukar tax saving 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.
ELIGIBILITY:
Individuals (singly or jointly), Minor by guardian, Organizations, Co-op. Societies.
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
ELIGIBILITY:
Individuals (singly or jointly), Minor by guardian, Organisations, Co-op. Societies.
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.
INVESTMENT
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 back and today
we have a successful tie up with 21 fund houses with total funds invested at around Rs 100
crores.
RETAIL LOANS
VASTU SIDDHI HOUSING LOAN
Title
Purpose
Norms
Construction of own house / Purchase of ready built

house/flat/resale flat / takeover of housing loans from other
banks/institutions
Eligibility
Salaried Employees / Businessmen / Professionals
Limit of loan
Per Beneficiary Max Rs. 70 lac
Basis of Advance
i) 85% (loans upto Rs. 25 lac) or 80% ( loans above Rs. 25lac) of
Cost of flat +Stamp Duty +Registration OR Cost of land &
construction thereon
ii) Salaried : Max 60 times of the Avg net take-home salary
Businessman : Max 5 times of Avg Net cash accruals
i) or ii) stated above whichever is lower
Repayment Period
Maximum 20 years for salaried class- holiday for repayment of

principle upto 12 months
Businessmen : Max 15 years
Step-up repayment/ bullet repayment option
Rate of Interest
Loan Amount
Fixed
Upto Rs. 25 lac
Min : 11.75%
Above Rs. 25 lac
Min : 12.00%
Floating
10.00% (PLR 4.50%)*
Min : 10.00%
10.25% (PLR 4.25%)*
Min : 10.25%
Present PLR : 14.5% p.a
Loan Amount
Upto Rs. 25 lac
Above Rs.25 lac & upto Rs. 50 lac
Above Rs. 50 Lac
Processing fees
Shareholding
Security
Top up loan
Processing Fees
Rs. 5000/Rs. 15000/Rs. 25000/-
2.50% of loan amount, Maximum Rs. 25000/Equitable/ legal Mortgage of house property to be purchased.
Max Rs. 25 lac
Repayment period subject to max. 7years
Loan for
1. The cost of the land should not exceed 65% of total cost of
construction of
project.
house
2. Construction should be completed within 24 months
Conversion
From Fixed to floating or vice versa option available
Documentation
1. Prescribed application form with photo identity and residence

proof of Applicant and Guarantor (if any)
2. Income proof a) or b) as applicable
a) Salaried: salary slip for last 3 months and bank statement for last
6 months, ITR & form 16 for 3 yrs
b) Businessman: Profit & loss , ITR copies and Balance sheet of
last 3 yrs, 6 month bank statement.
3. Legal Documents for creating mortgage as per requirement
SUPER FAST CAR LOAN
Title
Norms
Purpose
For purchase of new car
Eligibility
Salaried persons / Businessman / Commercial organizations
Limit of loan
Max. Rs 100 lakh

1. Salaried
Basis of
Advance
Max
30
times
of
Avg
Net
Monthly
Salary
Businessmen : Max 4 times of Avg Net Cash Accruals

2. 80%
of
On-Road
cost
extended
upto
100%*
1 or 2 whichever is lower
Repayment
Salaried: Max 7 years.
Period
Businessmen : Max 5 years
Rate of Interest
(Fixed)
Shareholding
Specifications
Tenure Loyalty General
Car loan up to Rs 15 lakh
60
10.50%
10.75%
Car loan above Rs 15 lakh to Rs.20 lakh
60
11.25%
11.25%
Car loan up to Rs.100 lakh
84
11.50%
12.00%
2.50% of the Loan amount, Maximum Rs.25000/-
Security
Processing fees
Hypothecation of vehicle to be purchased
One Guarantor
Nil during the campaign period (2nd September 2014 till 31st December
2014)
1. Duly filled prescribed application form
2. Latest photograph,Identity and residence proof of the Applicant and
Guarantor(if any)
3. Income
Documentation
documents
a) or b)
as
applicable
a) In case of salaried person, salary slip for last 3 months and

bank statement for last 6 months, ITR of the past 3 years
b) In case of businessman, last 2 years profit & loss & ITR
copies, balance sheet and bank statement of business account for
last 6 months.
4. Proforma Invoice of the Authorized dealer
SARASWATI EDUCATION LOAN
Title
Norms
Purpose
For Education in India and Abroad
Eligibility
Individual who has secured admission in any of the graduate/post- graduate

courses offered by College/Institute/University approved by IBA.
Limit of loan
Studies in India Maximum upto Rs. 10.00 lacs

Studies Abroad Maximum upto Rs. 20.00 lacs
Basis of
Advance
Upto 90% of cost of the fees and other related expenses.
Repayment
Period
Maximum 12 years inclusive of moratorium period.

Moratorium: Duration of the course plus an additional period of six months
or 3 years whichever is earlier.
For IBA approved courses
Rate of Interest
Floating
Fixed
Amount
13.00% (PLR 1.50%)
14.00%
Upto Rs 20 lacs
Present PLR: 14.5% p.a
0.50% less rate of interest would be applicable incase of Girl students.
0.25% less rate of interest in case of studies in (IIMs),(IITs),XLRI,ISB
** Total discount in rate of interest will not exceed 0.50%.
Processing fees
For Studies in India NIL

For Studies Abroad 0.5% of the loan amount.
Shareholding
Security
Documentation
Upto Rs. 2 lac : Nominal Membership

Above Rs. 2 lac : 2.5% of the sanctioned loan amount, Maximum Rs.
25000/-.
Upto Rs. 2.00 lacs: Two guarantors
Above Rs.2.00 lacs and up to Rs. 5.00 lacs: Hypothecation of household
articles and two guarantors.
Above Rs. 5.00 lacs : Pledge of any other tangible security acceptable to
the bank OR Equitable mortgage of Property
Prescribed application form along with the photo identity and residence
proof of the Applicants and Guarantors
Proof of confirmed admission
Estimate of course fees & other expense (traveling /lodging
/boarding)
Fee receipts or proof of payments made.
Copy of Passport & Visa, if the student is going abroad for higher education
and related documents.
Income proof of the applicant in the form of
For salaried : last 3 months salary slip/certificate or copy of the last three
years IT returns filed with computation details of personal assets and
liabilities.
For Businessman : Profit & loss and ITR copies of last two years, Balance
sheet, 6 month bank statement.
GOLD LOAN YOJANA
Title
Norms
Purpose
To meet urgent financial needs
Eligibility
Any individual who is the true owner of the ornaments
Limit of loan
Maximum loan / OD up to Rs. 25.00 lakh

For Bullet repayment 1 lakh
Basis of
Advance
75% of valuation of gold ornaments or Rs. 2000/- per gm whichever is less
Repayment
Period
Max 12 months
Rate of Interest
PLR- 2= 12.50% p.a. ( floating)

Present PLR : 14.5%p.a.
Processing fees
Nil
Shareholding
Nominal membership
Other charges
Documentation
Custody charges of Rs. 300/- per quarter or 0.50% of the loan availed
whichever is higher, in case the delivery of ornaments is not taken within
one month from the closure of loan account.
Valuation charges at actuals
Prescribed Loan application form
Photo identity and residence proof of applicant
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
NON-RESIDENT ORDINARY (NRO) ACCOUNT
Account Types: Savings Bank/Current Account/Term Deposit/Recurring Deposits.
Accounts maintained in Indian Rupees.
Accounts can be opened jointly with non-residents / residents.
Accounts can be opened/credited with legitimate local funds of the non-resident and
also with remittances from abroad/transfer from existing NRE/FCNR accounts / foreign
exchange brought in India during visit to India.
Balances held in NRO accounts can be repatriated outside India with an overall limit of
USD one million per financial year subject to payment of taxes and production of a
certificate and undertaking as per RBI guidelines.
Interest is subject to deduction of tax at source at the rate of 30% plus education cess.
Loans against NRO deposits can be availed for purposes other than relending/carrying
on agricultural /plantation activities / real estate business.
Nomination facility is available for NRO accounts.
NON-RESIDENT EXTERNAL (NRE) ACCOUNT
Account Types: Savings Bank/Current Account/Term Deposit/Recurring Deposits.
Accounts maintained in Indian Rupees.
Term Deposits accepted with a minimum period of one year and maximum period of
five years.
Accounts can be opened jointly with another NRI.
Also can be opened jointly with resident close relative on former or survivor basis
(close relative as defined in Section 6 of Companies Act 1956)
Accounts can be opened/credited with remittances from abroad through normal

banking channel/ personal cheques drawn on foreign bank accounts/ transfer from
existing NRE/FCNR accounts/ foreign exchange brought during visit to India.
Bank deposits are free from wealth tax in India.
Interest earned on NRE accounts is exempt from Indian Income Tax.
Principal and interest amount are freely repatriable.
Loans against NRE deposits can be availed for purposes other than relending/carrying
on agricultural /plantation activities/real estate business.
Nomination facility is available for NRE accounts.
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.
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.
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.
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.
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.
DATA INTERPRETATION
Gearing capital
Gearing Capital (in %)
12.11 %
11.15 %
fy 13
fy 14
The crar of the bank improved from 11.15 per cent as on 31st march, 2013 to 12.11 per cent
as on 31st march, 2014. It is also known as capital adequacy (%)
CASA DEPOSITS
CASA Deposits ( Rs In Crores )
5, 382.01
Fy 2013-14
Fy 2012-13
5, 923.24
Improving the casa numbers

The casa deposits have increased from rs 5,382.01 crore as on 31st march, 2013 to rs
5,923.24 crores as on 31st march, 2014.
Retail Loans
Retail Loans ( In Crores )
3,117
Fy 2013-14
3,803.41
Fy 2012-13
Retail loans
Retail loans business of the bank increased from rs 3,117 crores in fy 2012-13 to rs 3,803.41
crores in fy 2013-14.
Monitory Of Existing Loan A/C

Monitory Of Existing Loan A/C (In Crores)
154.65
Fy 2013-14
Fy 2012-13
183.10
Continuous monitoring of the existing loan accounts

The amount of recovery of gross npas increased from rs 154.65 crores during fy 2013-13 to
rs 183.10 crores during fy 2013-14.
BUSINESS OF BANK
Business Of Bank (In Crores)
36,167.75
Fy 2013-14
39,409.56
Fy 2012-13
The total business of bank onncreased from rs 36,167.75 crores as on 31st march, 2013 to rs
39,409.56 Crores as on 31st march, 2014 i.e. a rise of rs 3,241.81 crores.
DEPOSITS
deposits figures (in crores)
21,144.33
Fy 2013-14
Fy 2012-13
23,939.51
The deposit figures increased from rs 21,144.33 crores as on 31st march, 2013 to rs
23,939.51 crores as on 31st march, 2014, arise of 13.22 per cent.
ADVANCES
advances (in crores)
15,500.00
15,400.00
15,300.00
15,200.00
15,100.00
15,000.00
14,900.00
14,800.00
Fy 2013-14
15,470.05
Fy 2012-13
15,023.42
Advances rose from rs 15,023.42 crores as on 31st march, 2013 to rs 15,470.05 crore as on
31st march, 2014. A rise of 2.9 per cent.
NET PROFIT AFTER TAX
net profit after tax (in crores)

Fy 2013-14
Fy 2012-13
147.09
112.09
The net rprofit after tax has increased from rs 112.09 crores in fy 2012-13 to rs 147.09
crores in fy 2013-14.
RESERVES AND SURPLUS

Reserves And Surplus (In Crores )
Reserves And Surplus (In Crores )
2,000.00
1,950.00
1,900.00
1,850.00
1,800.00
1,750.00
Fy 2013-14
Fy 2012-13
The reserve and surplus of your bank increased from rs 1,834.40 crores as on 31st march,
2013 to rs 1,974.12 crores as on 31st march, 2014 i.e. a rise of 7.62 per cent.
INVESTMENT
investment (in crores)
8,000.00
7,000.00
6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00
Fy 2012-13
Fy 2013-14
The investment of your bank increased from rs 6,444.03 crores as on 31st march, 2013 to
rs 7,804.74 crores as on 31st march, 2014 i.e. a rise of 21.12 per cent.
AWARDS AND RECOGNITIONS

Bank participated in the study conducted jointly by the Great Places to Work Institute
Indiaand the Economic Times, to distinguish a good work place from a great one. Based on
thestudy of over 373 participants spanning a multitude of sectors, the top 50 best
workplaceswere elected. We are happy to announce that your Bank has been adjudged and
included in Indias Best Companies to work for - Year 2009" and in the banking industry
vertical,your Bank is placed fourth after American Express, Kotak Mahindra Bank and
HDFC Ltd.The citation reads as under: The Saraswat Co-operative Bank Ltd. Ranked 4th
in Banking& Credit Services for inspiring trust among your people, for instilling pride in
them, for creating an Environment within the workplace that promotes camaraderie and
for manyother reasons that makes your organization one of the Indias.
CONCLUSION
The main objective of the study is to know about the structure of bank and banking
services provided in saraswat bank. Whether the customes are happy with the services
offered by the bank and finally to find out consumer perception towards the saraswat bank
and its banking services. My guide ms. Kazanfar khan has helped throughout project how
to do it successfully. Coming to customers are account holders in saraswat bank it seems
that they are quiet happy with the banking and online services offered in saraswat bank.
Finally, I would like to conclude that the bank is performing very well and it is providing
good services to its customers.
The market is seeing discontinuous growth driven by new products

and services that include opportunities in credit cards, consumer finance and wealth
management on the retail side, and in fee-based income and investment banking on the
wholesale banking side.
Given the demographic shifts resulting from changes in age profile and household
income, consumers will increasingly demand enhanced institutional capabilities and
service levels from banks.
With the growth in the Indian economy expected to be strong for quite some timeespecially in its services sector-the demand for banking services, especially
retail banking, mortgages and investment services are expected to be on rise
Reserve Bank of India (RBI) has approved a proposal from the government to
amend the Banking Regulation Act to permit banks to trade in commodities
andcommodity derivatives
BIBILIOGRAPHY
Annual report of saraswat bank Fy 2013-14.

www.google.com
www.saraswatbank.com

Alkita Vetale (1) Fair Project

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Alkita Vetale (1) Fair Project

Uploaded by

Copyright:

Available Formats

FINANCIAL PRODUCTS AND SERVICES OFFERED BY SARASWAT BANK .

SREE NARAYAMNA GURU COLLEGE OF COMMERCE

Financial Products And Services Offered By Saraswat Bank .

Sree Narayana Guru College Of Commerce

dr. ravindran karthadi

project guide / internal examiner

Banking Regulation Act , 1949.

By H. Wills And J. Bogan.

A Banker Of Bank Is A Person , A Firm, Or A Company Having A Place Of Business

The Origin Of The Word Bank :

INTRODUCTION OF SARASWAT BANK

HISTORY OF SARSWAT BANK

Finanacial products and services

Regular Savings Account

REGULAR SAVINGS ACCOUNT

FEATURES & BENEFITS:

OFFICIALLY VALID DOCUMENTS:

HINDU UNDIVIDED FAMILY

Pan Card of HUF

Identity and address proof of Karta

TRUST & FOUNDATION

Copy of the trust deed

Copy of the registration certificate

CUBS ACCOUNT FOR KIDS

FEATURES & BENEFITS:

Facility to deposit cash in school premises on predetermined days.

A gift for every child in whose name account is opened.

A personalized passbook in the name of the child.

ORIGINALS & SELF-ATTESTED COPIES TO BE SUBMITTED FOR

CAMPUS ACCOUNT FOR COLLEGE STUDENTS

FEATURES & BENEFITS:

Zero balance saving account

ATM cum VISA Debit Card

Free Internet Banking

prevailing processing fee

Multipurpose Loan: 1.50% rebate in rate of interest on Loans for two-wheelers,

laptops, tablets & mobiles.

Jointly or E/S ONLY with parents/guardian

AKSHAY SALARY ACCOUNT

FEATURES & BENEFITS:

Zero Balance Account.

Free Net Banking and Mobile Banking facility

Two personalized cheque books free.

Preferred weightage to avail other loans from the Bank.

Officially Valid Documents

SUVIDHA SAVINGS ACCOUNT

FEATURES & BENEFITS:

Access to our wide network of Branches & ATM.

Personalized Cheque Book facility.

No minimum balance charges.

No Limit to the number of credit transaction per month.

No charges will be applicable for non-operation of account or activation of inoperative

FEATURES AND BENEFITS:

Minimum balance requirement is just Rs 100/-

The initial deposit required would be Rs 250/-

Standing instruction facility available for credit transactions.

Intra Day Cash Limit of ATM/Visa Card is Rs 25000/- only

The account can be operated only in the home branch.

2 passport size photographs

Duly filled account opening form

ELITE SAVING ACCOUNT

All the branches of the bank on Core Banking.

Deposit/ Transfer/ Withdraw cash from any of our branches.