Saraswat Bank is one of India’s largest urban co-operative banks. The bank is primarily situated in Maharashtra, India and has been operating as a co-operative bank since 1918. The year 1988 was a crucial year for Saraswat Bank as it was deliberated with the “scheduled” status by RBI. Ever since then, the bank has never looked back and has gone on to gain widespread recognition for its services to its customers. It became the first co-operative bank to deliver business banking services and also got the authorization to deal in foreign exchange. The bank has now established a national as well as an international presence with correspondent relationships in 45 countries which covers 9 currencies. It has a widespread network of 267 branches across the country and is broadly popular for affordable credit schemes and attractive interest rates.
Saraswat Bank offers scheme of education loans to students intending to pursue their higher education from recognized educational institutes both in India and abroad. The bank offers a comprehensive education loan scheme with flexible repayment options, higher loan amounts, longer tenure of loan, subsidies on interest rates, including special discounts for women. Apart from the regular student loan scheme, the bank also offers loan under the Government’s education scheme which is discussed later below.