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

Interest Rate

Up to 7% p.a
Up to 6.25% p.a.

Minimum Balance

NIL
Zero Balance Savings Account

Monthly Average balance

NIL
Rs. 5000

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 transfer of funds using NEFT & RTGS 

Phone Banking | Mobile Banking | SMS Banking & Alerts | E-Statement | Internet Banking | Online Bill Payment Services

Get free Replacement of Damaged card 

 Higher Fixed Deposit rates 

Unlimited free transactions at RBL Bank's ATMs             

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.

 

* Aadhaar number and PAN number

* Two passport size photographs

* Completely filled application form

* Passport, Voter ID, driving license

* Salaried employees will might be asked to submit bonafide authorization letter from its employer and salary slips


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