About 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 the 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 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 management's 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.

MISSION STATEMENT:-

"To emerge as one of the premier and most preferred banks in the country by
adopting highest standards of professionalism and excellence in all the areas of
working!!!"
MILESTONES

The Bank had gained 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 symbolize 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 a selfless service to its members and customers. The Bank has 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 core marks for the first time.
Last two decades the Bank has witnessed a steady growth in the business. The
bank has a network of 191 fully computerized branches covering six states viz.
Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Goa and Delhi. The Bank is
providing 24- hour service through ATM at 67 locations.
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 Bank completed 75 years. Platinum Jubilee Celebrations were

inaugurated on 14th September,1992. Bank also crossed the business level of
Rs700 Cores

The Beginning of the 21st Century has been a giant leap forward for the Bank.
Bank chose a path of organic/inorganic growth and our pace of growth
accelerated .Bank's total business which was around Rs 4000 Crore in 2000
almost tripled to Rs 15295 Crore in 2007.

Bank in the year 2008 launched the Branding Initiative .The purpose of such an
exercise was to reconfirm the thrust of Bank on its core values ,which can be
summed up as "Sense of Belonging ".The name of the Bank should always
inspire the Sense of Belonging in all its stakeholders and that Bank continues to
fulfill the changing needs and expectations of the customer with unflinching
gusto and aplomb .

Profile:-
"Service to the Common Man" has been the motto of Saraswat Bank for the
last 90 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 191 fully computerized
branches, 12 Zonal Offices and 23 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 computerized
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.

Products:-
Mid Corporate Products :-

Bank provides variety of credit facilities to its Corporate Clients as under:

• Working Capital
• Term Loan
• Export Finance
• Import Finance
• Bank Guarantees
• Bill Discounting
• Letter of Credit
• Property Loan
• Rental Loans

• Working Capital :
Saraswat are a Bank with a team of technically qualified competent customer driven
relationship managers possessing wide industry experience in various segments
of Bank has taken lot of efforts to understand customers & empathizing with their
needs.

Saraswat 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.
Saraswat bank working capital solutions are based on financial, quantitative &
qualitative evaluation of your business through there technically qualified experts.

• Term Loan :
 Saraswat Bank provides term finance/term loans for business expansion, up
gradation of existing facilities etc to ease the pressures on margins of the company
.The Bank is providing structured term loans to meet your short term as well as long
term funding requirements. Saraswat bank offer specific solution so as to match
repayment with your cash flows to repay the debt thereby enhancing your
profitability.

• Export Finance- Pre and Post shipmen :

If you are a eligible exporter
Saraswat Bank offers you Pre Shipment Credit facilities and Post Shipment Credit
Facilities
Pre Shipment Credit facilities:
Saraswat bank offer Pre-shipment credit by way of Packing Credit
enabling you to finance purchase/import of raw materials, processing and packing of the
goods meant for exports .

Interest rate is linked to regular export credit facility which is 10.00% p.a. For period
upto 90 days or production cycle period with maximum of 180 days.
Post shipment Credit facilities:

Post shipment credit facility is offered to an exporter to finance export sales receivables
after the date of shipment of goods till the date of realization of export proceeds.
Saraswat bank offer our client a choice of the following services:

Interest rates are linked to regular export credit facility which is 10.00%p.a. for period
upto 90 days from bill date.

 Negotiation /Payment /Acceptance of documents under letter

of credit.

 Purchase/ discount of export document under letter of credit.

 Advance against export bills sent on collection basis.

 Advance against exports on consignment basis.

 Advance against undrawn balance on exports.

• Import Finance:
Bank is providing import finance to its valuable customers by providing
letter of credit facility for its customers to purchase their raw materials.
These are generally provided for 90 to 180 days.

• Bank Guarantees :
Bank issues various types of guarantees - performance, financial, bid bond,
tenders, customs etc for its customers. Our guarantees are well accepted
by all government agencies including Customs, Excise, Insurance
Companies, Shipping Companies and all major corporate.

• Bill Discounting :
 We are offering facility which is customized to suit your requirement for
short term finance from the date of sale to date of receipt of payment
thereof. Our processes are simple, allowing you to establish single window
contact with competent dedicated personnel at any of our branches as per
your convenience.

• Letter of Credit :
Bank provides letter of credit facility for its customers to meet their trade
purchases. These are generally provided for 3-6 months depending upon
your trade cycle. Apart from this we provide Import Letter of Credit for
importing machinery or capital goods. Such Letter of Credits are for tenure
ranging from 1-3 years depending upon the tenure

• Property Loan:

Saraswat Bank offers loan facility for acquiring another asset /

property based on the following conditions: -

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 assesses
having net annual taxable income of Rs. 150000/- for at least 3 years
continuously.
• Firms / companies having net annual taxable income of Rs. 1.50 Lakes per
annum and in operation for last 3 years making cash profit for last 3 years.

• Limit of Loan

Minimum - Rs.2 lakes

Maximum - Rs. 50 Lakes
• 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 property loans are rated as per the Credit Rating model followed in our
Bank and a good rating can get you a better interest rate. They are linked
to the Prime Lending Rate (PLR).

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 employee’s 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

• Rental Loans:

Maximum Amount of Loan: Rs. 25.00 laces or

65 % of the total net rent (i.e. rent after taxes such as property tax, TDS) to be
received whichever is lower.
Margin: 35 %
Repayment Period: 5 years maximum or till the remaining period of the lease – which is
earlier.

Repayment will be from the rent received.

Security: Equitable mortgage of the property given on rent or any other acceptable
property of value of 35% more than the loan amount, subject to valuation certificate from
Bank’s approved vaguer.
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.

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 the ATMs

Debit Cards
This card can be used as an ATM card for withdrawing cash at the following
ATMs:
 a. Saraswat Bank ATMs

b. BANCS ATMs

c. Visa enabled ATMs

Debit Card looks similar to a credit card, bearing a Visa logo, and can be
used wherever the card's brand name is displayed.

Debit card can be used at Domestic as well as International ATMs and POS
machines bearing the Visa logo.

Mobile Banking :-

Saraswat Bank has introduced Mobile Banking.

Bank has started forwarding various messages to its customers on their mobile
a. Debit / Credit Transaction Message for amount of Rs.5000/- & above.

b. Term Deposit maturity intimation (7 days prior to maturity)

c. Inward Cheque Returned Intimation.

d. Outward Cheque Returned Intimation.

e. Account overdrawn intimation.

f. Greetings / Promotional messages

g. New product launch message

Customers can now initiate the following transactions at their end

a)Account balance enquiry

b)Last three transactions

c)Cheque Status Inquiry

ATM Services:-

Please do not waste your valuable "Time" for "Money", as the "Time" it
is "Money".
Saraswat Bank issue ATM card to all our clients who open account with
Saraswat Bank Being A Saraswat Bank ATM cardholder, you enjoy the privilege
and convenience of withdrawing cash at your convenience at time during day
and night on all 365 days in a year. You can draw cash from ATMs of Saraswat
Bank as well as over 2461 ATMs of 20 members Banks in "BANCS" network. For
drawing cash from the ATMs of Consortium banks, no charges are levied.

Insurance :-

It is Saraswat Bank earnest Endeavour to offer suite of new and competitive

financial products and services. Saraswat Bank have for this purpose tied up
with various insurance companies. The details of tie-up and products offered
are given below:

[A] LIFE INSURANCE :

For Life Insurance products, Saraswat Bank has entered into a tie-up with M/s.
HDFC Standard Life Insurance Company Limited. Saraswat Bank offer following
products:

1) Endowment Plan:
This being a popular savings plan is useful for meeting all long/ short-term
financial needs and also covers the risk of the applicant's life. Tax benefits
under Sec 80 C are also available.

2) Children’s Double benefit plan:

It is the most popular plan which helps you save and secure your child's future
to meet expenses for education, marriage etc. It is also known as double
benefit plan as on death of life insured the beneficiary (child) gets the sum
assured on death of applicant as well as on maturity of the policy. Tax benefit
under Sec 80 C is also available.

3) Term Assurance plan:

It is purely life risk cover plan. On death of the life insured the nominee gets
the policy amount. Tax benefit under Sec 80 C is available.

4) Regular Personal Pension Plan:

It is plan, which provides annuity at the retirement age. This plan is a with
profit pension plan suitable for everyone to help provide regular financial
security to the family. Plan takes care of retirement age, return on investment,
inflation etc. Tax benefit under Sec 80 C available.
[B] NON-LIFE INURANCE:
For Non-Life Insurance we have a tie-up with M/s. Bajaj Allianz General
Insurance Co Ltd. Under the arrangement we offer following insurance
products:
1) Health guard:
This plan provides for reimbursement of Hospitalization expenses incurred for
illness/ diseases or injury sustained. The key features are lowest premium,
takes care of pre and post hospitalization expenses, ambulance charges, family
discount, cashless facility with network of 600 hospitals across India. Tax
benefit under Sec 80 D is available.
2) Travel Companion:
It is an Overseas Travel Insurance that covers reimbursement of medical
expenses at abroad, along with loss of passport/ baggage during overseas
travel.

3) Personal Accident Insurance:

It covers risk of death on accident.

4) Vehicle Insurance:
It insures your vehicle incase of damage or loss to the vehicle.

Easy Pay:-
Here is one more exciting facility Saraswat Bank has offered to relieve you,
Saraswat Bank 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.

Mutual Fund:-
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.

To Ancash on this sentiment, Saraswat 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 cores.

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 5,67,60 Cr on April 2008.
The major fund houses are as follows:

Fund House
Birla Sunlife Mutual Fund
Franklin Templeton Mutual Fund
HDFC Mutual Fund
ICICI Prudential Mutual Fund
 Fund House
Kotak Mahindra Mutual Fund
Principal PNB Mutual Fund
Reliance Mutual Fund
Tata Mutual Fund
UTI Mutual Fund

BANCS stands for Banks ATM Network and Customer Services

BANCS
Saraswat Bank is pleased to inform you that Saraswat Bank has joined the
'BANCS' network consortium for ATM sharing and has started operations since
15th June 2004.

BANCS currently comprises of 2461 (Two thousand Four Hundred

and Sixty One only) ATM's of 13 member banks including Saraswat Bank.
Saraswat Bank has ensured that our customers can use existing ATM cards in
'BANCS' network for ATM transactions. Please note that there are no charges
levied on customers for BANCS transaction.

Demat Services

Modernization 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

Saraswat Bank is registered as depository Participant with NSDL since 22nd

February 1999. It has achieved a remarkable success in servicing Saraswat
Bank valued customers and Saraswat Bank have repeated our success in the
Banking Industry to the progress made in the Depository operations. Since its
inception there has been a consistent and a steady growth in the number of
clients registered with us.

Saraswat Bank have a network of 154 branches spread across 5 states viz.
Maharashtra, Madhya Pradesh, Gujarat, Karnataka and Goa.

Miscellaneous Services

• Saraswat Bank provides information of its various Miscellaneous Services

customers can avail of with the bank.

• RTGS/NEFT
• Cash Pick Up
• Utility Bill Payment
• Nomination of Deposits
 • Death Claim Settlement
• Standing Instructions
• Lockers

Deposit Scheme Interest Rates :-

Interest rates on term deposits wef 12th

December,2009

Interest rates on Term Deposits with effect from 12th

December’ 2009
Tenor Rates Rates Rates for Public & Staff
for for For Deposits of Rs.1
Public Publi crore& above
& c for (% p.a.)
Staff Depo
For sits
Depos above
its up Rs.15
to lakhs
Rs.15 but
lakhs below
(% Rs.1
p.a.) crore
(%
p.a.)

181 days to 12 months 6.00 5.50 4.25

Above 12 months to 24 6.50 6.50 6.50
months
Above 24 months to 36 7.00 7.00 7.00
months
Above 36 months to 60 7.25 7.25 7.00
months

Interest rates on Term Deposits with effect from

12th December’ 2009 for
Senior Citizens:-
Tenor Rates Rate Rates for Deposits
for s for of Rs.1 crore&
Depos Depo above
its up sits (% p.a.)
to abov
Rs.15 e
lakhs Rs.1
(% 5
p.a.) lakh
sbut
belo
w
Rs.1
crore
(%
p.a.)

181 days to 12 6.00 5.50 4.25

months
Above 12 months to 7.00 7.00 6.50
24 months
Above 24 months to 7.50 7.50 7.00
36 months
Above 36 months to 7.75 7.75 7.00
60 months

As the short term funds requirement of the Bank will be fulfilled

by the funds available by way of short term deposits available from
MHADA, the existing scheme of short term deposits upto 180 days
stand cancelled .

Bulk Deposit are deposits of Rs 1 crore and

above
(inclusive of any existing deposits)
NRI Deposit Rates:-

< Non-Resident various on Rates>

Interest Rates on NRE w.e.f. 1st April,2008.
Saving Deposits 3.50 % p.a
Term Deposits
[Prevailing Interest rates for the PERIOD 01.11.2009 to 30.11.2009]
Period of Deposit Rate (p.a)
12 months to less than 24 months 2.95%
24 months to less than 36 months 3.05%
36 months upto 60 months 3.65 %

FOREIGN CURRENCY (NON–RESIDENT) TERM DEPOSIT (w.e.f. 01.11.2009 to

30.11.2009)
- USD% GBP% EURO CAD AUD
% % %
1 Year and above but less than 2 years 2.20 2.17 2.23 2.45 6.47
2 Year and above but less than 3 years 2.30 - - - -
3 Year and above but less than 4 years 2.90 - - - -
4 Year and above but less than 5 years 3.38 - - - -
5 Years only 3.74 - - - -

RFC Deposits (01.12.2009 TO 31.12.2009)

Saving Bank [w.e.f 01.03.2009] 0.24 % p.a

Period of Deposit Rate (p.a.)

1 year to 2 year 2.02%
< FONT> 2 year to 3
year 2.01%

3 years only 2.56%

Interest Rates on NRO w. e. f.12th December, 2009

Term Deposit Rate(P.a.)

181 days to 12 months 6.00%
Above 12 months to 24months 6.50 %
Above 24 months to 36 months 7.00%
Ab0ve 36 months to 60 months
Interest Rate on Advances :-

The Board has revised the PLR to 13.00% p.a.

A. Interest on all the Advances above Rs.25.00 lacs including Property Loan and Loan
against Rent Receivables are linked to Internal Credit Rating System as follows:
Marks Scored in Credit Rating (out of 100) Rating Code Interest Rate applicable
90 and above PRIME PLR
80 to 89 A PLR + 0.50%
70 to 79 B PLR + 1.00%
55 to 69 C PLR + 2.00%
40 to 54 D PLR + 3.00%
Below 40 E PLR + 4.00%
B. Interest on Forex limits
Rate of Interest of Rupee Export Finance for Non Diamond Exporters:
Type Rate of interest
Preshipment Credit
Upto 180 days or Production cycle whichever is less PLR-3.00%
Overdue interest/Current Account Recovery PLR+3.00%
Post shipment Credit
On Demand Bills For Transit period PLR-3.00%
On Usance Bills Upto 90 days PLR-3.00%
Beyond 90 days upto 6months fromthe date of shipment PLR+0.50%
Overdue interest/Current Account Recovery PLR+3.00%
Rate of Interest on Rupee Export Finance for Diamond Exporters:
Type Rate of Interest
Preshipment Credit
Upto 90 days or Production cycle whichever is less PLR-3.50%
Overdue interest/Current Account Recovery PLR+3.00%
Post shipment Credit
On Demand Bills For Transit period PLR-3.50%
On Usance Bills Upto 90 days PLR-3.50%
Beyond 90 days upto Due date/ Notional due date PLR+0.50%
Overdue Interest/Current Account Recovery PLR+3.00%

For financing in Foreign Currency, rate of interest will be as per RBI Stipulations.
C. Interest on advances below Rs.25.00 lacs excluding Advance under Swift Credit
Scheme PLR+ 2.00% p.a.

D. Interest on Advances under the Swift Credit Scheme For Professionals :

PLR + 0.50% p.a.

For Others: PLR + 1.00% p.a.

E. Interest on Advances against tangible Securities:

Rate of
Loan against pledge of tangible securities viz. RBI Bonds, Bonds, NSCs,
PLR
Units of UTI, LIC, IVP, etc.
Loan against gold ornaments PLR