AU Small Finance Bank Savings Account vs State Bank of India (SBI) Savings Account

Interest Rate

Up to 7% p.a
2.70% p.a.

Minimum Balance

Rs. 5000/month
NIL or Metro & Urban: Rs. 3000, Semi-Urban: Rs. 2000, Rural: Rs. 1000

Monthly Average balance

Rs. 5,000 for Urban Branches; Rs. 2000 for Core Branches; Fixed Deposit of Rs. 25,000
NIL

Features

* Receive monthly interest payouts into the account

* Get all the banking transactions & other service requests executed from the bank's Video Banking facilities

* Relationship Officer facility

* Have 24x7 access to the funds through AU 0101 App or AU 0101 NetBanking. Can even book flights, hotels, cabs, recharge mobile, and apply for a host of products and services

* Extended banking hours 

* Paperless banking- Deposit funds into the account without using a deposit slip 

* Doorstep banking services: Get various doorstep banking services such as cash/cheque pick-up or delivery services

* Wide range of products & services: Lockers, Demat, Mutual Funds, Insurance, asset products and insurance 

* Mobile banking facility that includes interbank, mobile payment services (IMPS), utility bill payments, enquiry and statements and cheque book request 

* Internet banking

Internet banking/ mobile banking facility

SMS Alerts and e-statement facility

YONO App facility

State App Anywhere

SBI Quick Missed Call Facility

ATM facility

Documents Required

* Duly filled application form
* Passport size photographs
* PAN Card, passport, voter ID, etc.
* Aadhaar Card, telephone bill, passport, etc.

 

* Application form along with Photographs

(a) Proof of identity (any of the following with authenticated photographs thereon):

(i) Passport

(ii) Voter ID card

(iii) PAN Card

(iv) Govt./Defence ID card

(v) ID cards of reputed employers

(vi) Driving Licence

(b) Proof of current address (any of the following)

(i) Credit Card Statement

(ii) Salary slip

(iii) Income/Wealth Tax Assessment Order

(iv) Electricity Bill

(v) Telephone Bill

(vi) Bank account statement

(vii) Letter from reputed employer

(viii) Letter from any recognized public authority

(ix) Ration Card


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