AU Small Finance Bank Students Savings Account vs Kotak Mahindra Bank Savings Account

Interest Rate

Up to 7% p.a
3.50% - 4.00% p.a.

Minimum Balance

NIL
Zero Balance Savings Account

Monthly Average balance

NIL
Nil or Rs. 10,000

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

Free NEFT through Internet Banking

Free Cash Withdrawals at Domestic ATMs

Scan and Pay to make payments for shopping, groceries, and much more



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

 

* Driving License, Passport, Voter's ID, Aadhaar Card, PAN Card

* Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)

* Latest Passport Size Photographs

 To open Kotak 811 Zero Balance Savings Account, please click here


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