July 14, 2020
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All rates are purely indicative rates and should not be used for any transactional purposes. The rates are taken at a specific point in time and may be subject to varying degrees of change throughout the day depending on prevailing market volatility.

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Saraswat Bank pronunciation (help · info) is an urban co-operative banking institution based in Maharashtra, India and operating as a co-operative society since 1918. The Founding Members of the society were Mr. J.K. Parulkar as Chairman, Mr. N.B. Thakur as Vice Chairman, Mr. P.N. Warde as Secretary, and Mr. Shivram Gopal Rajadhyaksha as Treasurer.

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Reference currency rates are obtained from European Central Bank and Other countries Central banks like Deutsche Bundesbank, La Banque de France, De Nederlandsche Bank and etc. The middle-market exchange rates are calculated using the averages of aggregated (bid and ask) prices offered by the market makers and quotes from financial institutions.

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Rate of Interest . The bank charges a floating rate of interest for the Gold Loan Scheme. This rate depends on the bank’s Prime Lending Rate. The rate of interest payable by the borrower is the Prime Lending Rate less 2%. Since the Prime Lending Rate of the bank currently is 14.25%, the effective rate of interest is 12.25% per annum.

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Location of Saraswat Co-operative Bank Branches in Gujarat. Get details about Saraswat Co-operative Bank in Gujarat along with the location of its around 10 branches in the state.Branch details include Saraswat Co-operative Bank Gujarat IFSC Code, MICR code, location and address of branches etc. Saraswat Co-operative Bank Toll free Numbers

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Saraswat Bank Ltd. Career 2020. The Saraswat Bank is the largest Co-operative Bank in the country. The Bank has a very humble but 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

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The Saraswat Bank has also installed over 200 24-hour ATM’s around the country. Saraswat Bank offers very competitive interest rates for various deposit schemes. Currently, the bank only services the resident sector. For fixed deposits of INR 3 crore and above, Saraswat Bank offers one of the best interest rates available across the country.

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