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Saraswat Bank Complaints & Reviews

www.saraswatbank.com
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Updated: Apr 12, 2024
Complaints 243
Resolved
26
Unresolved
217
So far, so good. Saraswat Bank is working on building a stronger response system and taking steps to address most of the complaints. While there's room for growth, their efforts show a positive trend in customer support. We hope Saraswat Bank will keep up the work and continue to help more customers with their concerns even better 🤝
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Saraswat Bank reviews & complaints page 12

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M
Mayank Paua
from Delhi, Delhi
Oct 15, 2015
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Complaint for deducting funds from my account without my knowledge

Address: Mumbai City, Maharashtra, 400080

Dear Sir/Mam, I am one of your account holder Mr. Mayank Mahesh Paua (sarvodaya branch mulund west), i would like to lodge a complaint against your branch, whereby they have deducted funds of Rs. 5700/- from my account without my knowledge. In case if they required money they could have asked for cheque from me. How they can deduct funds from my account without my knowledge?? Also, it will not take much time for me to go to consumer...
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G
gowri golsangi
from Bengaluru, Karnataka
Sep 16, 2015
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Transaction denied but money deducted

Address: Belgaum, Karnataka

Dear Sir/Madam I had to pay around 16K to the merchant, so i swiped the card on 13/09/2015 at 7:30Pm but transaction was denied. So i had to arrange another way to pay the amount. But after some time i got the message as my account is being debited by 16k. Will it be reversed??? I have been told that it will be reversed in 48hrs. But haven't got the money yet. Please help....
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D
deepakrane75
from Nagpur, Maharashtra
Sep 14, 2015
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Debit card transaction - amount debited even transaction declined

Address: Pune, Maharashtra

Dear Sir, I have acccount in Sarsaswat Bank Chakan branch Account Number : SBVIS /4904 Name - Deepak Ramesh Rane I have been done debit card transaction Rs.2429.39 on date 13.09.15 in between 1.30 PM to 2.00 PM at D Mart Chinchwad, @ 3 times but at that time shown transaction declined & I have been paid cash there. But after some time I have been noticed that my account has been debited 3 times with same amount 3 time After...
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V
vishy iyer
from Mumbai, Maharashtra
Jun 11, 2015
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Non receipt of FD RECEIPT

Address: Thane, Maharashtra

I have been holding various FDs with the Kalwa Branch out of which one Account expired in January 2015. I handed over the original receipt duly signed by myself and my wife to the Clerk at the counter two days before maturity for crediting the proceeds to my S/B A/c I was not given any acknowledgement but was promised that the amount will be credited to my account on the day of maturity. Since the amount was not credited even after the maturity...
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म
मंदार जेजुरीकर
from Pune, Maharashtra
May 27, 2015
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Home Loan Rate of Interest not reduce

Address: Pune, Maharashtra

Dear Sir, My name is Mandar S, Jejurikar, from Pune, Maharashtra. I had taken Home Loan from Saraswat Bank, Sinhgad Road, At the time of Loan Sanctioned due to Guarantor not confirm in his service bank charged me 0.5% percentage extra Rate of Interest for 3 Years. They said they will roll back this extra Rate of Interest after 3 years. Now after completion of 3 years I contact branch manager for the same. But he refused to reverse...
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V
vandan29
from Bhopal, Madhya Pradesh
Mar 4, 2015
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cheqe book not received but bank tells its delivered

My mother Padmaja p Raje is 77 years old having sb ac with your borivali branch ac no [protected].On 28 jan she applied for cheque book after many time calling at branch she got reply that your cheqe book is recd plz collect and when she went to collect same for her surprise counter people after searching lot not found her cheque book after 4 days she went again this time counter person told its delivered to your home but till today...
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L
laxman.kambli
from Panaji, Goa
Aug 6, 2014
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Operating of account

Address: North Goa, Goa

The banker passed wrong entry and credited quarterly interest on deposited into my account. This happened regularly for two years. Being debit card user I did not notice the accumulation of amount. I was regularly withdrawing amount to the extend of salary deposited into the bank. One suddenly I realised that my account is almost nil. I took a monthly statement from ATM and I found that Rs. 72000/- has been withdrawn.The banker had transfer...
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A
ajay s nair
from Mumbai, Maharashtra
Dec 16, 2013
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Deducted cash in my Salary A/C for mistake of Sarswat Bank employee Inbox x

Address: Mumbai City, Maharashtra

Dear Sir, I given latter to Sarswat bank on[protected] for deduct Home loan from sarswat Saving A/C No. 24006345, and that latter accepted. Than after 9-4-2012 Sarswat bank send ECS to my Indusind salary A/C No 0018Y46804001, but insufficient balance so ECS returned and panaly charged in salary A/C. I given other latter on 25/5/2013 to refund my deducted amount Rs. 280.90 +393.26 = 674.16/- (by mistake of Sarswat Bank employee),...
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P
pathare
from Mumbai, Maharashtra
Dec 13, 2013
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home loan

Dear Sir.. I had approached your Gadkari Chowk branch for home loan of about 30lakhs for a property in Pune worth around 60lakhs. I was told I was not eligible for the loan. I work in Merchant Navy as a 2nd Officer earning on an average about 2 lakh rs per month in a reputed shipping company.I have maintained a healthy bank balance with adequate investments . It is a norm in our field that all officers are recruited on contract basis and...
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S
saraswatemployee
from Mumbai, Maharashtra
Oct 1, 2013
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Forcing female candidate to do door to door marketing (Matunga branch)

Address: Mumbai City, Maharashtra

Saraswat bank (Matunga) Branch Manager is forcing female candidate to do door to door marketing for account it is so risky for female candidate. Now days lots of rape cases we have seen in Mumbaiand after that forcing them to do door to door marketing is not good for them and she also Forcing employees to work after bank timing and harassing them....
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A
APS555
from Mumbai, Maharashtra
Apr 16, 2013
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locker

Address: Thane, Maharashtra

I want a locker in saraswat bank therefor i apply for locker , at thet time they give burden of lots of prosier & investment in other policy & account means they told to open silver account with 25000 minimum balance,hdfc investment policy & keep special fixed deposit in his branch.
which is unnecessary as a consumer i think only FD is sufficient for getting locker the saraswat bank pressurise on his consumer on the name...
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S
shahb56
May 20, 2012
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Transfer of Property

Address: Ahmedabad, Gujarat

My father died in 2009 and made final and registered will. He transferred his ownership in my name. I live in US and I made vigorous efforts to transfer in my name for the last two years. My lawyer in India submitted all legal papers immediately after death of my father to Chairman of Society but in vain. What authority I should consult to resolve this issue. Chairman puts all blames on other members....
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S
Saurabh Patil
from Kakinada, Andhra Pradesh
Feb 1, 2012
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Car Loan

Address: Pune, Maharashtra

Respected SIr/Madam,
I Saurabh Ravindra Patil have applied for car loan of Rs 4.5L from saraswat coperative bank form karve nagar branch on around 25th december 2011..Initially I have enquired from Ganesh Nagar branch,Hinjewadi branch,call center and all and confirmed that there was no pre-payment penanlty charges . I was told that there would not be any pre payment penalty charges and ROI will be...
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H
HARESH ACHARYA
from Kolkata, West Bengal
Jan 21, 2012
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Advance release post dated cheque

Address: Ahmedabad, Gujarat

Dear sir,

I have taken vehicle loan of rs. 73000 / - on 09 / 09 / 2011 from saraswat bank ltd, ghatlodia branch ahmedabad. And my due date for loan has fixed on 09th of every month. For that i have given 12 post dated cheques for my payments to bank. In the month of december the bank employee send my pdc on 04th december 2011 for installment due on 09th of this month and due to insufficent balance my icici bank has return...
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M
Murali Shrinivas Chari
from Mumbai, Maharashtra
Jan 13, 2011
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Return of remaining 35% deposits to erstwhile South Indian Co Op Bank Account Holders

Address: Mumbai City, Maharashtra

The South Indian Coop Bank Ltd.which had its head office in Matunga,Mumbai with 13 Branches in Mumbai suburb went into moratorium in Aug.2004.This 85 year old reputed Bank efficiently managed till then went into the hands of a fraudulent politician,Raghavan Sarathy who had rich contacts with ruling Cong.MP Gurudas Kamath.The two alongwith other office bearers of the managing Committee siphoned off the innocent and other elder citizen's...
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M
Murali Shrinivas Chari
from Mumbai, Maharashtra
Jan 12, 2011
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Return of balance 35 % deposits

Address: Mumbai City, Maharashtra

Under RBI guidelines,Saraswat Coop Bank Ltd.Took over the erstwhile South Indian Coop Bank Ltd.in Aug.2008.Initially,It paid 55 % of the deposit held by the depositors;then made another 10 %;the deposits upto Rs.100000/- was covered by the DIGiCL.The depositors whose amount is above Rs.i lakh,is not covered by theis insurance guarantee scheme.
I would like to know what is the mistake committed by the depositors in holding deposits...
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A
anand sundaram
from Mumbai, Maharashtra
Feb 24, 2010
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Merger with SICBL

SICBL – The South Indian Co-operative Bank Ltd was an 85-year old well-run traditional Bank started in Matunga, Mumbai (at that time Bombay) – paying dividents to shareholders regularly till August 2004 when the Bank was put under Moratorium by the Regulator RBU-UBD, since the then congress politically placed Chairman, Mr. Raghavan Sarathy with his coterie of directors pushed the bank to brink of collapse within two years of their taking...
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S
SHRI.T.S.VENKATESWARAN
from Badlapur, Maharashtra
Feb 8, 2010
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Fixed Deposit in SICBL

I had more than Rs 2 lakhs deposit both in savings & fixed in South Indian C-op Bank Ltd. After it was taken over by Saraswat Bank, 35 % has been deducted which comes yo a substantial amount. We poor people cannot afford to lose this amount.We want our hard earned money.My husband Shri.T.L Swamy who deposit in SICBL passed away in JUne 2006.

I want our balance 35 %.Saraswat Bank should do best to help the victimsand stern...
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T
T.P. Viswanathan
from Mumbai, Maharashtra
Jan 25, 2010
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Deficiency in service.

Co-operative Banks, particularly UCBs, hold deposits worth crores from public. When it comes to customer service and accountability, they are the worst performers. They are emboldened by the fact they enjoy immunity from the purview of RTI. Some of the co-op. Banks handle funds running into thousands of rupees. Embesslement of funds is rampant in co-operative banks. Maharashtra tops the list of failed co-operative banks. Saraswat Bank which...
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H
Harshad Anandji Contractor
from Mumbai, Maharashtra
Jan 13, 2010
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Resolved

non-delivery of demat delivery book

My client i.d is 11590128 and the D.P. Id is IN300829

I had submitted my requisition slip fpr demat delivery book to the wadala branch of your bank which was then forwarded to vashi office demat department via computer. As per tals with Priya madam and Neeraj, my request was processed on 5th jan 2010 and the book was dispatched for delivery on 9th of jan 2010 via professional courier.

Since i did not receive...
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