AU Small Finance Bank Students 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

NIL
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

* Receive monthly interest payouts

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

* Avail complimentary access to domestic airport lounges

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

* Access the account with the bank's branch and ATM network across the country. Also, get complimentary access to other bank ATMs

* Paperless banking: Now deposit funds into the account without filling in a deposit slip

* Avail high interest-bearing Fixed Deposits

Sweep-In/Email and SMS Alerts

E-Statement

Payable-at-par Chequebook

BillPay

NetBanking and MobileBanking

ATM facility

Documents Required

* Duly filled application form

* Passport size photographs

* PAN Card, passport, voter ID, etc.

* Aadhaar Card, telephone bill, etc.

* Additional documents will be required to prove that you're a student such as mark sheet, transcript, and other certificates from the school/college

 

* 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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