AU Small Finance Bank Senior Citizen 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

* Relationship Officer facility

* Avail higher rates on fixed deposits and earn special 0.5% extra on the investments with the option of monthly and quarterly interest payout 

* Enjoy banking at your convenience by getting all the banking transactions and other service requests executed from the Video Banking facilities 

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

* Priority servicing facility: There's a dedicated senior citizen desk available at every branch for quickly resolving any of the banking requirements 

* 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

* Have easy access to your account by using the bank's digital-first approach and extensive network of banking touchpoints

* Avail flat 50% discount on Locker rentals

* Tax Advisory services

* Avail special offers from leading brands with VISA Gold Debit Card

* Relationship convenience: Meet the account balance requirement either through savings balances or with Fixed Deposits

* Receive instant alerts on banking transactions for free of cost

* Increased cash deposit limits and additional insurance benefits

* Receive monthly newsletter 

* 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

All you need is a PAN card, Aadhar card, and funds for initial funding

Additional usual docs required are:

* 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


More comparisions with AU Small Finance Bank Senior Citizen Account

More comparisions with State Bank of India (SBI) Savings Account

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