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

Interest Rate

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

Minimum Balance

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

Monthly Average balance

NIL
NIL

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

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, 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

 

* 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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