Saraswat Bank Debit Cards - Search & Compare Online
Established in the year 1918, Saraswat Bank is a Maharashtra-based co-operative banking institution which achieved the distinction of being the first bank to provide merchant banking services.
Having attained the status of a ‘scheduled bank in 1988, the bank currently operates via nationwide network of 267 fully-computerized locations in states like Maharashtra, Madhya Pradesh, Gujarat, Delhi, Karnataka and Goa.
Driven by a glorious history of 75 years, Saraswat bank has charted impressive growth over the years and now offers an extensive range of financial products and services. These include current accounts, mortgages, investment, insurance, remittance services, mutual funds and debit cards.
Under debit cards, Saraswat Bank offers three types of cards, which are, Visa Classic EMV International Debit Card, Visa Platinum EMV International Debit Card and the RuPay Classic Chip International Debit Card.
Types of Debit Cards offered by Saraswat Bank
Visa Classic EMV International Debit Card
This EMV Chip embedded Visa debit card can be used not only to withdraw cash at all ATMs (in India and abroad) but also for making purchases at merchant establishments. The combined daily transaction limit allowed on this card is Rs 50,000, which includes ATM transactions, online and POS transactions. Additionally, you may also use this card for booking tickets online through secured and trusted e-commerce payment gateways.
Fees and Charges for Visa Classic EMV International Debit Card:
Type of Fee | Amount |
Annual Fee | Rs.150 plus GST |
Replacement Charges for Damaged Card | Nil |
ATM Cash Withdrawal (India)/Balance Enquiry | Nil |
ATM Cash Withdrawal (Abroad) | Rs.120 per transaction |
ATM Balance Enquiry (Abroad) | Rs.15 per enquiry |
ATM Decline Due to Insufficient Funds | Rs.10 per transaction |
Additional Card | Rs.150 plus GST |
Replacement Charges for Lost Card | Rs.150 per card plus GST |
Visa Platinum EMV International Debit Card
The Platinum Debit Card is another EMV Chip embedded card offered by Saraswat Bank which features all the benefits offered by the Classic Debit Card, like instant access to cash at ATMs, facilitating cashless purchases at merchant establishments and making online purchases via reliable and trusted payment gateways. In addition to all these benefits, the Platinum Debit Card offers an enhanced combined daily transaction limit of Rs.1 lakh (for ATM, POS and online transactions).
Fees and Charges for Visa Platinum EMV International Debit Card:
Type of Fee | Amount |
Annual Fee | Rs.200 plus GST |
Replacement Charges for Damaged Card | Nil |
ATM Cash Withdrawal (India)/Balance Enquiry | Nil |
ATM Cash Withdrawal (Abroad) | Rs.120 per transaction |
ATM Balance Enquiry (Abroad) | Rs.15 per enquiry |
ATM Decline Due to Insufficient Funds | Rs.10 per transaction |
Additional Card | Rs.200 plus GST |
Replacement Charges for Lost Card | Rs.200 per card plus GST |
RuPay Classic Chip International Debit Card
With the introduction of the RuPay Classic chip International Debit Card, Saraswat Bank holds the honour of being the first co-operative bank to issue a RuPay card. The embedded chip is a prominent feature of this card which basically lends safety and security to all your transactions. The Rupay Classic Debit Card can be used at RuPay ATMs and also merchant establishments displaying the Diner’s Club International, Pulse and Discover logo. Another distinct feature of this debit card is the high daily transaction limit of Rs. 50,000 which it allows for ATM, POS and online transactions combined.
Type of Fee | Amount |
Annual Fee | Rs.150 plus GST |
Replacement Charges for Damaged Card | Nil |
ATM Cash Withdrawal (India)/Balance Enquiry | Nil |
ATM Cash Withdrawal (Abroad) | Rs.120 per transaction |
ATM Balance Enquiry (Abroad) | Rs.15 per enquiry |
ATM Decline Due to Insufficient Funds | Rs.10 per transaction |
Additional Card | Rs.150 plus GST |
Replacement Charges for Lost Card | Rs.150 per card plus GST |
How to Apply for Saraswat Bank Debit Card?
The steps to apply for a Saraswat debit card are mentioned below:
Step 1: Visit Saraswat Bank’s official website.
Step 2: Navigate to the top menu and click on ‘Debit Cards.’
Step 3: A new page displaying all the debit cards offered by the bank will appear.
Step 4: Select the debit card you want to apply for.
Step 5: Download the Digital Channel Registration Form and fill in your details.
Step 6: Tick ‘debit card’ and specify the debit card you want to get.
Step 7: Submit the Saraswat Bank debit card application form to your nearest branch.
Benefits of Holding a Saraswat Bank Debit Card
There is a string of some very useful benefits attached with the Saraswat Debit Cards, some of which are listed below.
- These debit cards offer high transaction limits for cash withdrawals and making purchases.
- Debit cards have been a more accepted and reliable form of making payments over cheques.
- The embedded Chip feature on this debit card lends added safety and security to all your card related transactions.
- Experience the convenience of cashless transactions with this debit card which eliminates the need to carry cash, making purchases quicker and easier.
- The Saraswat Bank debit cards are widely accepted not only in India but also worldwide, be it at ATMs or Point of Sale terminals.
- This debit card makes it easier for you to keep track of your account activity and expenses as money gets immediately deducted.
- Lost your card? Don’t worry, as Saraswat bank offers insurance cover for Lost Cards for its VISA debit cards.
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
FAQs on Saraswat Bank Debit Card
- What is the maximum withdrawal limit allowed on the Visa Classic Debit Card at other bank ATMs?
You can make a maximum withdrawal of Rs 50,000 in one day, with a limit of Rs 10,000 for each transaction.
- At which ATMs can I use my Visa Debit Card?
You may use your Visa debit card at all Saraswat bank ATMs and all VISA enabled ATMs.
- What is a digital debit card offered by Saraswat Bank?
The RuPay Contactless debit card offered by Saraswat Bank offers contactless payment convenience in addition to the features of RuPay debit card. is a quicker way to use your debit card at stores to make purchases under Rs.2000.
- What is the annual fee for the Saraswat Bank Visa Platinum EMV International Debit Card?
The annual fee for the Visa Platinum EMV International Debit Card is Rs.200 plus GST.
- Do I have to pay any fee to get my damaged Saraswat Bank debit card replaced?
No, the replacement of a damaged Saraswat Bank debit card is done free of cost.
- What is the Platinum debit card of Saraswat Bank?
The Saraswat Bank RuPay Platinum International Debit Card comes with a wide range of benefits such as complimentary lounge access, fuel surcharge waiver, cashback, and more.
- How do I use a Saraswat Bank digital debit card?
There is no need of swiping your debit card on the merchant terminal. Instead, you just need to wave or tap it on the contactless equipped terminal and make payments of up to Rs.2,000 without entering a PIN.
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