Saraswati Chandra tells the story of a young aristocrat, Saraswatichandra, who has a fixed marriage to Kumud, an educated girl from a rich family. Saraswati decides to cancel the engagement and writes to Kumud to inform her. But soon she replies and soon the two keep on exchanging letters. Soon Saraswati decides to defy the customs and pays a visit to his fiance. The two soon serenade and a short-lived romance takes place. Soon Saraswati returns home after promising Kumud and her family that he will return. However, on his return a family feud takes place and Saraswati writes to Kumud that he is not able to marry her. Watch what happens as the story unveils itself.