SARASWAT BANK

Introduction:The Bank has a very humble but a very inspirin be innin ! "n #$th Society( )as

September #%#&' (The Saras)at *o-operative Bankin

+ounded! ,r! -!K! .arulkar became its +irst *hairman' ,r! N!B! Thakur' the +irst /ice-*hairman' ,r! .!N! Warde' the +irst Secretary and ,r! Shivram 0opal Ra1adhyaksha' the +irst Treasurer! These )ere people )ith deep and abidin ideals' +aith' vision' optimism and entrepreneurial skills! These dedicated men in char e o+ the Society had a commendable sense o+ service and duty imbibed in them! 2ven today' our honorable +ounders inspire a sense o+ a)e and respect in the Bank and amon st the shareholders! The Society )as initially set up to help +amilies in distress! Its ob1ective )as to provide temporary accommodation to its members in eventualities such as )eddin s o+ dependent members o+ the +amily' repayment o+ debt and e3penses o+ medical treatment etc! The Society )as converted into a +ull+led ed 4rban *o-operative Bank in the year #%55! The Bank has the uni6ue distinction o+ bein a )itness to history! The Bank' )hich )as ori inally +ounded in #%#&' i!e! close on the heels o+ the Russian Revolution' also )itnessed as a Society and as Bank - the 7irst World War' the Second World War' India8s +reedom ,ovement and the lorious chapter o+ post-independence India! 9urin this cataclysmic cavalcade o+ history' the Bank as a +inancial institution and its members could not o+ course
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remain una++ected by the economic conse6uences o+ the ma1or events! The t)o )ars in particular brou ht in their )ake' paucities o+ all kinds and realities and stand by its members in distress as a solid bul)ark o+ stren th! The 7ounder ,embers and the later-day mana ements o+ the Bank continued to demonstrate their un)averin 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+illin all the bankin needs o+ its customers! 9urin the late +i+ties' the Bank re) +rom stren th to stren th! The Bank had established +ive branches )ithin the city o+ ,umbai and one each at .une and Bel aum! In its ;<th year' the Bank chose a bee moti+ to symbolise the Bank8s emblem - a +ittin and appropriate characteristic o+ a Bank that believed in hard )ork' a search +or all that is ood' a team spirit to achieve its ob1ectives and sel+less service to its members and customers! The Bank had ro)n in stature' pro ressed in its social and economic ob1ectives and produced an ima e o+ )hat an ideal bank should be! Resultantly' in the year #%==-=&' the Bank8s ross income crossed the Rs!5!<< crore mark +or the +irst time! In #%&&' the Bank )as con+erred )ith (Scheduled( status by Reserve Bank o+ India! The Bank is the +irst co-operative bank to provide ,erchant Bankin services! The Bank ot a permanent license to deal in +orei n e3chan e in #%=&! .resently the Bank is havin correspondent relationship in $; countries coverin % currencies )ith over #:; banks! In #%%:' the Bank completed =; years! .latinum -ubilee *elebrations )ere
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+aith in the destiny o+ the

common man and the co-operative movement and they encoura ed the

inau urated on #$th September' #%%: and the Bank also crossed the business level o+ Rs! =<< *rores! The be innin o+ the :#st century has been a iant leap +or)ard +or the Bank! The Bank chose a path o+ or anic>inor anic ro)th and our pace o+ ro)th accelerated !The Bank8s total business )hich )as around Rs!$<<< *rore in :<<< almost tripled to Rs!#;:%; *rore in :<<=! In the year :<<&' the Bank launched a Brandin Initiative ! The purpose o+ such an e3ercise )as to recon+irm the thrust o+ the Bank on its core values' )hich can be summed up as a (Sense o+ Belon in (! The name o+ the Bank should al)ays inspire a Sense o+ Belon in customer )ith un+linchin MISSION STATEMENT (To emer e as one o+ the premier and most pre+erred banks in the country by adoptin the hi hest standards o+ pro+essionalism and e3cellence in all the areas o+ )orkin ( MILESTONES In the last t)o decades the Bank has )itnessed a steady ro)th in business and also taken several Strate ic Business Initiatives such as undertakin Business .rocess Reen ineerin initiative' mer in seven *ooperative Banks and then consciously nurturin them! The Bank tied up )ith /ISA usto and aplomb! in all its stakeholders and the Bank continues to +ul+ill the chan in needs and e3pectations o+ the

International +or issuance o+ 9ebit *ards! In :<##' the Bank )as ranted permission +or All India Area o+ "peration by Reserve Bank "+ India!The
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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!;<<<< *rores by :<#? and Rs!#<<<<< crores by :<#&! The Bank has a net)ork o+ 229 fully computerized branches as on 31st March 2!13 coverin si3 states vi@! ,aharashtra' 0u1arat' ,adhya .radesh' Karnataka' 0oa and 9elhi! The Bank is providin :$-hour service throu h AT,s at 1"9 locatio#s! As on 31st March 2!13 the Bank8s business had surpassed Rs! 5?<<< *rores!The Bank has retained its coveted position as $E%O NET N&A 'a#( for the #i#th successi)e year* It is a matter o+ immense pride +or the Bank that its ne) *orporate "++ice at .rabhadevi',umbai has become operational! The o++ice establishes our stron presence in the +inancial capital o+ the country! The massive edi+ice in crystal lass in the heart o+ ,umbai ently reminds everyone o+ the Numero-4no position )hich the Bank holds in the *ooperative Sector! The usa e o+ state o+ art technolo y coupled )ith personal ambience to make everybody com+ortable once a ain reiterates the Bank8s adherence to (Think 0lobal' Act Aocal(! The address o+ our ne) *orporate "++ice is as under: .ro+ile (Service to the *ommon ,an( has been the motto o+ Saras)at Bank +or the last %; years! Bank in spite o+ its ro)th in si@e has been able to o++er to the customers the dual advanta e o+ (Ability o+ Bi Banks and A ility o+ Small Banks(

The Bank still continues to +unction )ith the lorious tradition in public
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services Besides bein

the lar est 4rban *o-operative Bank in India'

Saras)at Bank has no) become the lar est in Asia! Saras)at Bank has no) ::% +ully computeri@ed branches as o+ 5#st ,arch :<#5' #; Bonal "++ices and departments located across ? States vi@! ,aharashtra' 0oa' 0u1arat' ,adhya .radesh' Karnataka and 9elhi! Saras)at Bank attributes this success to its undyin spirit to serve the common man and to the sharpenin o+ its competitive ed e by constantly up radin technolo y to match international standards! The Bank is +ully computerised and o++ers convenient )orkin hours!Saras)at Bank has introduced a )ide ran e o+ credit schemes at attractive interest rates' )hich has become very popular' especially amon the middle-class in vie) o+ the easy repayment plans! Bank o++ers attractive interest rates on deposits and also various add on +eatures at very market competitive rates!

A+ &E%SONAL 'AN,IN-./

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: #! Savin s Accounts :! *urrent Accounts 5! Term 9eposits products

All our personal products come )ith many advanta es )ith customer +riendly +eatures and attractive rates o+ interests! We help you +ul+ill your dreams )ith our Retail Aoan .roducts C Dome Aoan' *ar Aoan' and 2ducation Aoan! "ur services at .ersonal Bankin o beyond re ular 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 Savin s

2lite *urrent Account

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2lite Accounts

Term 9eposit

*urrent %e0ular Sa)i#0s Accou#t

Inculcate the habit o+ savin throu h our 2asy E *onvenient 7eatures E avoid thri+t! .ersonali@ed Service coupled )ith technolo y enabled products is the Dallmark o+ our Service! 1eatures 2 'e#efits.

Wide Net)ork o+ Branches E AT, covera e! 0et connected to AT,s across the )orld throu h our /ISA 9ebit *ard! Bank o++ers convenient +acilities like Net Bankin ! Take advanta e 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 indul e your employees' thereby enhancin their 1ob satis+action! 1eatures 2 'e#efits. 3ou are eli0i4le if you are a salaried i#di)idual up to "" years of a0e 5or(i#0 5ith reputed or0a#izatio#*

Bero Balance Account! "verdra+t +acility e6uivalent to avera e net monthly salary ma3imum up to Rs ;<<<<>-Gsalary o+ last 5 months to be taken into considerationH!

2asy Aoan up to Rs! :!<< Aakhs under ,ulti-purpose Aoan Scheme )ith <!;<I concession on applicable rate!

7ree Net Bankin and ,obile Bankin +acility T)o personali@ed che6ue books +ree! Any Branch Bankin +or trans+er transactions and also +or *ash

deposit>)ithdra)al up till Rs :;<<<>- is +ree!

.re+erred )ei hta e to avail other loans +rom the Bank!

67'S Accou#t for ,ids

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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 1eatures 2 '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 to save Rs! ;<< >-over a period o+ one year!

7acility to deposit cash in school premises on predetermined days! A+ter completion o+ #$ years o+ a e minor>student can operate the account and is also entitled to a /ISA 9ebit *ard +acility!

Bank does not char e 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 Savin s Account )ith all convenient +eatures and that too )ith 8<8 balance' that8s )hy )e call it Suvidha!

 2AIT2 A**"4NTS

2lite Savin s 2lite Savin s Account

2lite Silver Savin s Account

2lite 0old Savin s Account Elite Sa)i#0s Accou#t Bankin )ith an ed e' )ith 2lite Savin s account )e are here to ive a host o+ services 1ust +or +ree all you need to do is maintain a minimum avera e 6uarterly balance o+ 1ust Rs ;<<<>-! All the branches o+ the bank on *ore Bankin ! 9eposit> Trans+er> Withdra) cash +rom any o+ our branches!

1eatures 2 'e#efits.
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Bank o++ers you a hi her interest savin account as you are o++ered S)eep in >S)eep out +acility )herein e3cess balance o+ Rs #<<<< )ould be trans+erred to a term deposit in multiple units +or # year! 7ree .ersonal Accident Insurance *over o+ Rs :!<< Aakhs +or the +irst year to the +irst account holder only!

*onvenient +acilities like Net Bankin o++ered absolutely +ree! Never overspend! Shop usin your International /isa 9ebit *ard

dependin on the balance in your savin account!

Wide Net)ork o+ Branches E AT, covera e! 0et connected to AT,s across the )orld throu h our /ISA 9ebit *ard!

Avail o+ Sa+e 9eposit Aocker +acilities Gsub1ect to availabilityH! 7ree unlimited issuance o+ 99>." on Saras)at Bank Aocations! Bank provides personali@ed>non personali@ed che6ue book G;< leavesH every hal+ year 7R22!

.ay your electricity bills' telephone bills' *ellular .hone Bills' Insurance .remium E many more throu h (2asy .ay 7acility(! Bank does not char e you +or availin these services!

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 *4RR2NT

Bankin that helps your business ro) +aster than you )ould ima ine! The +eatures o+ our *urrent account make bankin a com+ortable e3perience! 1eatures 2 'e#efits

,inimum balance re6uirement o+ Rs ;<<<>- per 6uarter 7ree Internet Bankin 7ree ,obile Bankin - *heck your account balance>transaction! 7ree International /isa 9ebit *ard +or the #st year! Avail o+ Sa+e 9eposit Aocker +acilities Gsub1ect to availabilityH! 7ree monthly statement! Avail .ersonalised che6uebook +or enhanced security at nominal prices!

Take advanta e o+ 2asy .ay! An instant solution to all your +re6uent utility bill payments!

Take advanta e o+ 2asy .ay! An instant solution to all your +re6uent

utility bill payments! Eli0i4ility. Jou can open a *urrent account )ith us i+ you are:

.ublic or .rivate Aimited *ompanies .artnership 7irms .roprietorship *oncerns

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Trusts

2lite *urrent Account

2lite *urrent Account Savin s 2lite *urrent Account

.remium *urrent Account .latinum *urrent Account

Elite 6urre#t Accou#t "ur Bank o++ers you +reebies and add-ons that enhance your bankin e3perience )ith us! "pen an 2lite *urrent Account and en1oy plethora o+ services all by maintainin a minimum balance o+ Rs #<'<<<>-! We o++er Any Branch Bankin to +acilitate easy bankin +or you )ith the +ollo)in salient +eature! 1i8ed 9eposits Savin s has been an essential part o+ all the earnin s' )e at Saras)at Bank' help you earn more on your savin s by o++erin savin s schemes )hich come )ith suitable tenures and attractive interest rates! Term 9eposits. A term deposit is an Interest .ayout savin s scheme )hich o++ers interest at hal+ yearly' 6uarterly and monthly basis!

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 ,alpataru 9eposits. 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! 1eatures 2 '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 be innin o+ the +ollo)in +inancial year!

A minimum amount o+ Rs! #<<<>- and +urther rise in multiples o+ Rs! #<<>- is re6uired to open Term 9eposits Account!

Eli0i4ility. Individuals Gsin ly or 1ointlyH' ,inor by uardian' "r ani@ations' *o-op! Societies!

%ecurri#0 9eposits
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security to any other asset neither they can be )ithdra)n prematurely! KKThe 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!#<< p!a! In case o+ payment be+ore maturity' Interest upto #; days )ill be Nil! Above #; days #I less than applicable rate o+ Interest +or the actual period +or )hich deposit is kept )ith the Bank!

'+ M7T7AL 17N9./

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*onsiderin

the chan es in Indian demo raphics Gmore than =<Io+ the

population belo) the a e o+ 5;H' chan es in investment pattern Grisin disposable incomes created a hu e potential +or investment in Insurance and ,utual 7undsH' increased competition and thinnin o+ Interest mar ins' the Indian Bankin Industry had to redesi n their bou6uet o+ products and o+ third party products like Insurance and ,utual introduce marketin

7unds' to increase +ee based income! To encash on this sentiment' our bank has entered into the ,utual +und distribution business ; years back and today )e have a success+ul tie up )ith :# +und houses )ith total +unds invested at around Rs #<< crores! The ,utual 7und industry currently has 5; 7und houses )ith #&<< schemes spread across 5< di++erent cate ories! 9urin this +inancial year the industry sa) %<< ne) +und o++ersGe6uity' debt' li6uid and 7i3ed ,aturity .lans includedH!The A4, GAsset 4nder ,ana ementH o+ the ,utual +und industry closed at Rs ;'?='?< *r on April :<<&!

The major fund houses are as follows:

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1u#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 7und 4TI ,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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LI1E INS7%AN6E./ We are the *orporate A ents +or the distribution o+ Ai+e Insurance products' o+ ,>S D97* Standard Ai+e Insurance *o Atd! 4nder this tie up arran ement' )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+ )a e 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 hu e 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 lon er 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 hi her education' marria e or anythin else! A small sum invested by you re ularly 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 savin s' these plans ive you a lump sum on retirement' )hich is then used to et re ular income throu h an annuity plan! 0iven the hi h 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 Savin s E Investment .lans provide you the assurance o+ lump sum +unds +or your and your +amilyLs +uture e3penses! While providin an e3cellent savin s 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 li+estyles' health issues have ac6uired contin encies! 9ue to chan in

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
50 45 40 35 30 25 20 15 10 5 0 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 investN o Sa+ety o Ai6uidity :H Which types o+ products do you investN o Bank products o ,utual +und o Insurance products 5H 9o you invest in bank productsN o Jes o No $H 9o you invest in mutual +und productsN o Jes o No ;H 9o you invest in insurance productsN o Jes o No ?H Which bank product do you investN o Re ular savin o *urrent o Term

=H Which mutual +und products do you investN o 26uity o 7i3ed maturity plan
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&H Which insurance product do you investN o Ai+e insurance o *hildren insurance o Retirement plan

%H What initiated you in buyin this productsN o Advertisin o marketin

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