AU Small Finance Bank Institution Savings Account vs HDFC Bank Savings Account

Interest Rate

Up to 7% p.a
3.00% - 3.50% p.a.

Minimum Balance

NIL
Rs. 10,000 for Urban branches; Rs. 5,000 for Semi Urban branches; Rs. 2,500 for Rural branches

Monthly Average balance

N/A
Rs. 10,000 for urban branches; Rs.5000 for semi-urban branches; Average quarterly balance of Rs. 2500 or FD of Rs.10,000 for minimum 1 year 1 day for rural branches

Features

* Monthly interest payouts

* Relationship Manager facility

* Avail Customized & tailor-made banking solutions

* Receive additional benefits such as CSR activities and advisory services

* Avail digital banking facilities that also offers facilities like bulk payments 

* Free cash deposit and withdrawal

* Attractive Fixed Deposit rates and enhanced liquidity by using the bank's Overdraft facilities

* Use AU 0101 App or AU 0101 NetBanking to carry out range of tasks

* Avail Multiple investment solutions

Sweep-In/Email and SMS Alerts

E-Statement

Payable-at-par Chequebook

BillPay

NetBanking and MobileBanking

ATM facility

Documents Required

* Filled application form
* Copy of Trust deed/by-laws
* Certificate of Registration in case of Registered Trust/Society Board Resolution
* Income Tax exemption certificate from the Income Tax department
* Valid OVD of the applicant authorized to open and operate the account

 

* A filled-up application form

* Passport, Voter ID card, PAN card, Permanent Driving license, Aadhar card, NREGA job card, or ID card issued by central or state governments, PSUs, scheduled commercial banks

* Employment Proof

* Latest passport size photographs


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