Saraswat Co-operative Bank Ltd Overview and Features of a Co-operative Bank

Saraswat Co-operative Bank Ltd is a bank that operates on the co-operative banking model. This model is different from traditional banking and focuses on serving the needs of its members.

The bank has a long history, established in 1906 by Shri Karmaveer Bhaurao Patil. It has since grown to become one of the leading co-operative banks in India.

Saraswat Co-operative Bank Ltd is headquartered in Pune, Maharashtra, and has a strong presence in the state. It has over 1,300 branches across India, making it easily accessible to its members.

The bank offers a wide range of financial services to its members, including savings accounts, loans, and deposits.

Saraswat Co-operative Bank Ltd has a vast network of branches across Maharashtra. You can find the IFSC and MICR details of all Saraswat Cooperative Bank branches in Maharashtra State in the table below:

The IFSC and MICR codes are essential for successful transactions, especially online payments like NEFT, RTGS, and IMPS.

You can reach out to Saraswat Cooperative Bank's customer support team through various channels. Their customer care number is 1800229999, 18002665555, and you can also dial 9223040000 for a missed call.

The bank's customer care service is available from Monday to Friday between 10 AM and 4 PM, and on Saturdays from 10 AM to 4 PM (except 2nd and 4th Saturdays).

You can also contact the bank through their website at www.saraswatbank.com or via email at [email protected].

The bank offers a range of services, including RTGS, NEFT, IMPS, utility bill payment, UPI, SMS alert, and ATM/debit card services.

Here are some of the benefits you can enjoy by banking with Saraswat Cooperative Bank:

Their customer support team is available to help you with all your queries, whether it's about new savings accounts, credit cards, personal or education loans, auto loans, or mutual funds.

Saraswat Co-operative Bank Ltd offers a range of services, including banking services, financial services, and more, to its customers.

The bank has a presence in various states across India, including Maharashtra, Gujarat, and Karnataka, with over 1,400 branches.

Saraswat Co-operative Bank Ltd has a long history, dating back to 1918 when it was founded by Shri Karmaveer Bhaurao Patil.

The IFSC code is a crucial identifier for bank branches, and it's essential to know how to find it. The IFSC code is an eleven-character alphanumeric code introduced by the Reserve Bank of India, with the first four characters representing the bank's name.

The Saraswat Co-Operative Bank Ltd IFSC code is unique for each branch, and it's used for online fund transfers. For example, the IFSC code for the Mumbai Central branch is SRCB0000419, with the first four letters, SRCB, symbolizing the bank name and the final six characters, 000419, denoting the Mumbai branch.

To use services like NEFT, RTGS, or IMPS, you must have the IFSC code, without which you can't proceed with the payment. The IFSC code helps in the smooth functioning of online fund transfers by instantly identifying bank branches and ensuring your money is deposited into the correct account.

The IFSC code is not the same as the MICR code, which is used for paper-based payments. The MICR code is also unique for each branch and is used to facilitate electronic clearing of cheques.

Here is a table with some examples of Saraswat Co-Operative Bank branches and their IFSC codes:

You can find the IFSC and MICR codes of Saraswat Co-Operative Bank Ltd using the Find Your Bank site and mobile app, or by checking the bank's website or visiting a branch in person.

Co-operative banks like Saraswat Co-Operative Bank Ltd are a type of bank that operates on the principles of co-operatives, which means they are owned and controlled by their members.

Saraswat Co-Operative Bank Ltd was established in 1918, making it a century-old institution with a rich history.

It has its branches in six Indian states: Maharashtra, Goa, Delhi, Gujrat, Karnataka, and Madhya Pradesh.

The bank has seen outstanding growth over the years, currently running 283 branches.

Saraswat Co-Operative Bank Ltd has a significant presence with 311 plus ATMs.

Its business has grown to more than 67,000 crores.

Is a Scheduled Bank the Same as a Regular Bank?

Saraswat Co-Operative Bank is a scheduled bank. It was conferred with the scheduled status by the RBI in 1998.

Scheduled banks are given priority by the Reserve Bank of India.

Saraswat Bank is an urban cooperative bank and is one of the largest cooperative banks in India.

It was established in 1918, marking the beginning of its 103-year journey.

The bank has seen outstanding growth, and currently, it runs 283 branches across six Indian states.

Saraswat Co-Operative Bank Ltd is an urban cooperative bank in India, with a presence in Maharashtra, Goa, Delhi, Gujrat, Karnataka, and Madhya Pradesh.

It has a large network of 311 plus ATMs and a business of more than 67,000 crores.

This impressive growth has earned the bank a scheduled status, conferred by the RBI in 1998.

If you're having trouble finding Saraswat Bank's IFSC code and MICR code, you can contact the bank's customer care service for assistance.

Saraswat Co-Operative Bank Ltd has a mobile banking app and website where you can look up the bank's IFSC and MICR codes.

You can visit the bank's website or download their app to access the IFSC and MICR codes through mobile banking.

The bank's customer support team is available to help with any queries you may have, including finding the IFSC and MICR codes.

Saraswat Co-operative Bank Ltd has a range of bank charges that customers should be aware of.

Their internet banking service is free, but charges apply for certain services like bill payments and fund transfers.

Saraswat Co-operative Bank Ltd offers a range of deposit accounts that come with different types of bank charges, such as monthly maintenance fees and charges for withdrawals.

NEFT charges can be a surprise for many of us, but understanding them can help us plan our transactions better.

Saraswat Bank charges a fee for NEFT transactions, which varies based on the amount transferred.

For amounts up to Rs. 10,000, the charge is Rs. 2.50 plus taxes.

If you're transferring more, the charge increases accordingly.

For amounts between Rs. 10,001 and Rs. 1 lakh, the charge is Rs. 5 plus taxes.

For transfers between Rs. 1 lakh and Rs. 2 lakhs, the charge is Rs. 15 plus taxes.

And if you're transferring more than Rs. 2 lakhs, the charge is Rs. 25 plus taxes.

Here's a quick summary of the charges:

RTGS Charges are a crucial aspect of banking transactions. For instance, Saraswat Bank charges a fee for RTGS transactions.

If you're transferring between Rs. 2 lakhs to Rs. 5 lakhs, you'll be charged Rs. 25 plus taxes. This can add up, so it's essential to factor it into your budget.

For larger transactions above Rs. 5 lakhs, the charge increases to Rs. 50 plus taxes. This can be a significant expense, so it's worth considering the cost before proceeding.

Here's a breakdown of the charges:

IMPS Charges are a crucial aspect of banking fees.

IMPS stands for Immediate Payment Service, which allows for instant transactions between bank accounts.

The charges for IMPS transactions vary based on the amount transferred.

For transactions up to Rs. 1 lakh, the charge is Rs. 5 plus taxes.

This charge applies to transactions that are below the threshold of Rs. 1 lakh.

For transactions between Rs. 1 lakh and Rs. 2 lakhs, the charge is Rs. 15 plus taxes.

Here's a breakdown of the IMPS charges: