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

Interest Rate

3.00% - 3.50% p.a.
2.70% p.a.

Minimum Balance

Rs. 10,000 for Urban branches; Rs. 5,000 for Semi Urban branches; Rs. 2,500 for Rural branches
NIL or Metro & Urban: Rs. 3000, Semi-Urban: Rs. 2000, Rural: Rs. 1000

Monthly Average balance

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


Sweep-In/Email and SMS Alerts


Payable-at-par Chequebook


NetBanking and MobileBanking

ATM facility

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

* 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

* 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 HDFC Bank Savings Account

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