DBS Bank Savings Account vs State Bank of India (SBI) Savings Account

Interest Rate

3.00% - 4.00% p.a.
2.70% p.a.

Minimum Balance

Zero Balance Savings Account
NIL or Metro & Urban: Rs. 3000, Semi-Urban: Rs. 2000, Rural: Rs. 1000

Monthly Average balance

Rs. 5000
NIL

Features

Branchless, Signatureless, Paperless

Tap-to-pay facility

Cashback upto 10% on shopping

Free 24x7 fund transfers via UPI, NEFT, IMPS, RTGS 

Mobile and Internet banking services 

SMS Alerts and e-statement facilities 

Auto Sweep Facility 

Cheque Book

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

* PAN card/Aadhaar card/Voter ID/Passport/Driving license/Employee ID

* Any photo ID card issued by the Central/State government/NREGA job card

* Utility bill (electricity, gas, water, telephone)

* Passport

* Bank account statement or passbook of the bank

* Ration card

* A letter stamped/signed/recognised from a gazetted officer or public authority to verify the address details of the applicant

* Latest colour passport-size photograph

* Savings Account application form

* 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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