About Saraswat Bank

8/12/2019 About Saraswat Bank

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remain una++ected by the economic conse6uences o+ the ma1or events! The

t)o )ars in particular brouht in their )ake' paucities o+ all kinds and

realities and stand by its members in distress as a solid bul)ark o+ strenth!

The 7ounder ,embers and the later-day manaements o+ the Bank

continued to demonstrate their un)averin +aith in the destiny o+ the

common man and the co-operative movement and they encouraed the

shareholders to save despite all odds!

Thanks to these sustained and assiduous e++orts over ; years a+ter its

inception' the Bank had ained a stron +oundation in terms o+ its

membership' resources' assets and pro+its! By #%$' the Bank )as +ul+illinall the bankin needs o+ its customers!

9urin the late +i+ties' the Bank re) +rom strenth to strenth! The Bank

had established +ive branches )ithin the city o+ ,umbai and one each at

.une and Belaum! In its ;


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inauurated on #$th September' #%% and the Bank also crossed the business

level o+ Rs! =inoranic ro)th and our pace o+

ro)th accelerated !The Bank8s total business )hich )as around Rs!$


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Bank has an ambitious business e3pansion plan in place to have a presence

in all ma1or cities o+ the country' reach a business level o+ Rs!;


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services Besides bein the larest 4rban *o-operative Bank in India'

Saras)at Bank has no) become the larest in Asia! Saras)at Bank has

no) % +ully computeri@ed branches as o+ 5#st ,arch


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We put your needs +irst )ith .ersonal Bankin at Saras)at Bank!

We at Saras)at *o-operative Bank consistently brin innovative' state o+

the art products and services )hich not only compete )ith other Bank8s

products but also brin a reat deal o+ bene+its to you! We 1ust don8t )ish to

retain our No!# spot as the co-operative bank in Asia but also as No!#

+inancial services provider to all our customers! A one stop solution +or all

your needs!

BANK .R"94*T:

The Bank o++ers a bou6uet o+ .ersonal Savin products like:#! Savins Accounts

! *urrent Accounts

5! Term 9eposits products

All our personal products come )ith many advantaes )ith customer

+riendly +eatures and attractive rates o+ interests! We help you +ul+ill your

dreams )ith our Retail oan .roducts C Dome oan' *ar oan' and

2ducation oan!

"ur services at .ersonal Bankin o beyond reular bankin products and

services! "ur alliances )ith top ,utual 7und houses and Insurance

*ompanies enables us to brin you best in class ,utual 7und and Insurance

that take care o+ your )ealth plannin' ta3 plannin and security! A+ter all a

smile on your +ace is precious to us!

9eposit Schemes

Savins 2lite *urrent Account

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2lite Accounts

*urrent

Term 9eposit

%e0ular Sa)i#0s Accou#t

Inculcate the habit o+ savin throuh our 2asy E *onvenient 7eatures E

avoid thri+t! .ersonali@ed Service coupled )ith technoloy enabled products

is the Dallmark o+ our Service!

eatures 'e#efits.

Wide Net)ork o+ Branches E AT, coverae! 0et connected to

AT,s across the )orld throuh our /ISA 9ebit *ard!

Bank o++ers convenient +acilities like Net Bankin! Take advantae o+

2asy .ay' an instant solution to all your +re6uent utility bill payments!

Never "verspendF Shop usin our International /isa 9ebit *ard

dependin on the balance in your savin account!

7ree .ersonali@ed *he6ue Book )ith name printed on each che6ue

lea+ +or enhanced security!

7ree .assbook +acility available at home branch +or account holders

GindividualsH!

A(shay Salary Accou#t

"ur Bank o++ers a scheme +or employers and employees to open their salary

accounts )ith us )hich o++ers a host o+ premium services )hich keep you

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ahead o+ the .ack! There is no restriction o+ minimum balance and

employees et access to )hole amut o+ Bankin Services! We indule your

employees' thereby enhancin their 1ob satis+action!

eatures 'e#efits.

ou are eli0i4le if you are a salaried i#di)idual up to "" years of a0e

5or(i#0 5ith reputed or0a#izatio#*

ero Balance Account!

"verdra+t +acility e6uivalent to averae net monthly salary ma3imum

up to Rs ;

Any Branch Bankin +or trans+er transactions and also +or *ash

deposit>)ithdra)al up till Rs ;


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No matter ho) old your kids are' they )ill al)ays be your precious babies in

your eyesF Jour child stands +or your D".2S E 9R2A,S!

Saras)at Bank understand your needs E there+ore have come out )ith a

scheme to inculcate the habit o+ savin in your child! Jour child also

receives attractive i+ts E a personali@ed passbook

eatures 'e#efits.

Initial deposit o+ *ubs account is Rs ;- and subse6uent deposits in

multiples o+ Rs #- no periodic compulsion +or subse6uent 9eposit!

Startin )ith a small amount o+ Rs!;-' a *4B Account holder has tosave Rs! ;-over a period o+ one year!

7acility to deposit cash in school premises on predetermined days!

A+ter completion o+ #$ years o+ ae minor>student can operate the

account and is also entitled to a /ISA 9ebit *ard +acility!

Bank does not chare you +or non-maintenance o+ minimum balance

+or +irst year!

A i+t +or every child in )hose name account is opened!

A personali@ed passbook in the name o+ the child!

Su)idha Sa)i#0s Accou#t

A Savins Account )ith all convenient +eatures and that too )ith 8


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2IT2 A**"4NTS

2lite Savins

2lite Savins Account

2lite Silver Savins Account

2lite 0old Savins Account

Elite Sa)i#0s Accou#t

Bankin )ith an ede' )ith 2lite Savins account )e are here to ive a host

o+ services 1ust +or +ree all you need to do is maintain a minimum averae

6uarterly balance o+ 1ust Rs ; Withdra) cash +rom any o+ our branches!

eatures 'e#efits.

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Bank o++ers you a hiher interest savin account as you are o++ered

S)eep in >S)eep out +acility )herein e3cess balance o+ Rs #


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*4RR2NT

Bankin that helps your business ro) +aster than you )ould imaine! The

+eatures o+ our *urrent account make bankin a com+ortable e3perience!

eatures 'e#efits

,inimum balance re6uirement o+ Rs ;


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,alpataru eposits.

The Kalpataru 9eposit scheme is a cumulative interest scheme' this means

that interest earned at the end o+ every 6uarter is invested alon )ith the

principal helpin you make the most o+ your money!

eatures 'e#efits .

T9S applicable 7orm #;D>#;0 re6uired to be submitted +or

e3emption o+ T9S!

Nominal member o+ the bank )ill also be e3empted +rom T9S! I+

you are e3empt +rom payin ta3' you need to present 7orm #;D

)hen you open a 7i3ed 9eposit and subse6uently at the beinnin o+

the +ollo)in +inancial year!

A minimum amount o+ Rs! #


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security to any other asset neither they can be )ithdra)n prematurely!

The ta3 on interest earned is deductible in accordance )ith the provisions

o+ section #%$A or section #%; o+ the Income Ta3 Act #%?#

Eli0i4ility.

Individuals lookin +or ta3 savin investment avenues!

6har0es.

.enalty +or delayed monthly installment Rs! #!;< per Rs!#


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*onsiderin the chanes in Indian demoraphics Gmore than =


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u#d :ouse

Birla Sun li+e ,utual 7und

7ranklin Templetoin ,utual

7und

D97* ,utual 7und

I*I*I .rudential ,utual 7und

Kotak ,ahindra ,utual 7und

.rincipal .NB ,utual 7und

Reliance ,utual 7und

Tata ,utual 7und4TI ,utual 7und

6+INS7%AN6E./

It is our earnest endeavour to o++er suites o+ ne) and competitive +inancial

products and services! We have +or this purpose tied up )ith various

insurance companies! The details o+ tie-up and products o++ered are iven

belo):

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LIE INS7%AN6E./

We are the *orporate Aents +or the distribution o+ i+e Insurance

products' o+ ,>S D97* Standard i+e Insurance *o td! 4nder this tie up

arranement' )e o++er +ollo)in li+e insurance products:

&rotectio# &la#s./

.rotection .lans help to shield your +amily +rom uncertainties in li+e due to

+inancial losses in terms o+ loss o+ income that may da)n upon them in

case o+ your untimely demise or critical illness! .rotection .lans o a lon

)ay in ensurin your +amilyLs +inancial independence in the event o+ your

un+ortunate demise or critical illness! They are all the more important i+ you

are the chie+ )ae earner in your +amily! No matter ho) much you have

saved or invested over the years' sudden eventualities' such as death or

critical illness' al)ays tend to a++ect your +amily +inancially apart +rom the

hue emotional loss!

6hildre#;s &la#./

*hildrenLs .lans help to save' so that you can +ul+ill your childLs dreams

and aspirations! These plans o a lon )ay in securin your childLs +uture

by +inancin the key milestones in their lives even i+ you are no loner

around to oversee them! *hildrenLs .lans help you save steadily over the

lon term so that you can secure your childLs +uture needs' be it hiher

education' marriae or anythin else! A small sum invested by you

reularly can help you build a decent corpus over a period o+ time and o a

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lon )ay in providin your child a secured +inancial +uture alon )ith !

%etireme#t &la#s./

Retirement .lans provide you )ith +inancial security so that )hen your

pro+essional income starts to ebb' you can still live )ith pride )ithout

compromisin on your livin standards! By providin you a tool to

accumulate and invest your savins' these plans ive you a lump sum on

retirement' )hich is then used to et reular income throuh an annuity

plan! 0iven the hih cost o+ livin and risin in+lation' employer pensions

alone are not su++icient! .ension plannin has there+ore become critical in

today8s )orld!

Sa)i#0s a#d I#)estme#t &la#s./

Jou have al)ays iven your +amily the very best! And there is no reason

)hy they shouldnLt et the very best in the +uture too! As a 1udicious +amily

man' your priority is to secure the )ell-bein o+ those )ho depend on you!

Not 1ust +or today' but also in the lon term! ,ore importantly' you have to

ensure that your +amilyLs +uture e3penses are taken care' even i+ somethin

un+ortunate )ere to happen to you! "ur Savins E Investment .lans

provide you the assurance o+ lump sum +unds +or your and your +amilyLs

+uture e3penses! While providin an e3cellent savins tool +or your short

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term and lon term +inancial oals' these plans also assure your +amily a

certain sum by )ay o+ an insurance !

:ealth &la#s./

Dealth plans ive you the +inancial security to meet health related

continencies! 9ue to chanin li+estyles' health issues have ac6uired

completely ne) dimensions becomin more comple3 in nature! It becomes

imperative then to have a health plan in place' )hich )ill ensure that no

matter ho) critical your illness is' it does not impact your +inancial

independence!

7IN9IN0:-

#H "b1ective o+ invest

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safety

liquidity

H Type o+ product

0

5

10

15

20

25

30

35

4045

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mutual fund insurance product bank product

5H 9o you invest in bank product

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4) 9o you invest in mutual +und

;H 9o you invest in insurance product

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?H Bank product

=H Initiation o+ buyin any product

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6ON6L7SION

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Muestionnaire

#H What are the ob1ectives you investo Sa+etyo Ai6uidity

:H Which types o+ products do you investo Bank productso ,utual +undo Insurance products

5H 9o you invest in bank productso Jeso No

$H 9o you invest in mutual +und productso Jeso No

;H 9o you invest in insurance productso Jeso No

?H Which bank product do you investo Reular savino *urrento Term

=H Which mutual +und products do you investo 26uityo 7i3ed maturity plan

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About Saraswat Bank

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