AU Small Finance Bank Kids Savings Account vs IndusInd Bank Small Savings Account

Interest Rate

Up to 7% p.a
4.00% - 6.00% p.a.

Minimum Balance

NIL
Zero Balance Account

Monthly Average balance

NIL
NIL or The balance at any point of time does not exceed Rs. 50,000

Features

* There is no account balance non-maintenance charges

* Get all the banking transactions and other service requests executed from the Video Banking facilities

* Easily set up a recurring fund transfer facility to the kid’s account

* 24x7 Banking: Use AU 0101 App / NetBanking and Phone Banking

* Customize card's limits

* Extended banking hours

* No deposit slip is required for depositing the funds in your child's account 

* Enhanced insurance coverage: Avail multiple insurance benefits such as card liability insurance, purchase protection, and personal accident cover

Free access to IndusInd Bank ATMs across India for cash withdrawals, cash/ cheque deposits, VISA Credit Card bill payment, balance enquiry and mobile top-up

5 Free Domestic Other Bank ATM transactions in a month

Free funds transfer through NEFT or RTGS

Half-yearly statements, monthly statements through email

Documents Required

* Account application form filled with your child as the first account holder and you as the joint holder or guardian
* Passport size photographs of both the applicants
* Both applicant's: PAN Card, passport, voter ID, etc.
* Both applicant's: Aadhaar Card, telephone bill, passport, etc.

 

* Proof of identity as per list provided from time to time

* Proof of address as per list provided from time to time

* An Account Opening Form Duly Filled

* One passport size self-attested colour photograph

* The prospective customer should visit the branch and affix his/ her signature/ thumb impression in the Account Opening Form in front of the Branch Manager or Manager Customer Service and Operations


More comparisions with AU Small Finance Bank Kids Savings Account

More comparisions with IndusInd Bank Small Savings Account

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