Best bank account for students

Best bank account for students

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Deal Subedar
63
2074
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Hello all,
my current account is in BOB , for many reasons I am thinking to close that now .
I am college student so account is meant to scholarship and online shopping purposes only and as I will not earning atleast for next 5 years so no chance of credit card i think.
Please help me to choose among from BOB,SBI, BOI,HDFC,AXIS,ICICI ….
thanks to all.

8 Comments  |  
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Deal Cadet
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if majority of the spends are online than HDFC Smartbuy alone can be a good reason to go HDFC.

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Deal Subedar
63
2074
23
tank_u_m8 wrote:

if majority of the spends are online than HDFC Smartbuy alone can be a good reason to go HDFC.

Unfortunately my banking knowledge is too bad .
i heard hdfc , axis , … Private banks charges annual charges for account . So as a student should we go with private banks or with sbi,.. ?

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Deal Subedar
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If u want offers go for hdfc/axis. 10000/month MAB I think. Or get SBI . and make a fixed deposit of 25000 for credit card. Don’t remember remember the name
Search it

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Deal Cadet
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BARCODE wrote:

Unfortunately my banking knowledge is too bad .
i heard hdfc , axis , … Private banks charges annual charges for account . So as a student should we go with private banks or with sbi,.. ?

i don’t think that there are any annual charges for account, not that i have ever heard of.
but yes there are annual charges for debit card.
also maintenance if you fail to keep required minimum average balance.

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Deal Cadet
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Don’t have much knowledge which bank account will be the best for a student……
But from my personal experience, my father opened a PNB student’s account in my name when I was about to get into the college. It was and still a zero balance account & provides all the facilities including debit card, Internet banking and phone banking except the issuance of cheque books and credit card. Since, during college days I wasn’t a shopaholic, so never went after or bothered about rewards/offers provided by my bank/account (if any) on online shopping. However, I used to get debit card reward points for all my tranxs at 1 point /Rs 100. The account is still active till date. Annual charges for debit card is about Rs 112.
So would like you to enquire about student account of every bank along with a normal account so as to weigh in the advantages over each other…….
PS:- Please confirm the above mentioned details on the bank’s website. It may have changed overtime in all these years…

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Deal Subedar
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SBI is best in this case! My AMB is 2000. Even though i never mantain it, they charge me 20 to 30 max
I have hdfc also, and they charge around 177 grin
Sms and atm charges are normal too! Not that high!
U generally find instant discounts on hdfc/axis or sbi! The other two have 10000 amb. Sbi seems a better option!
P.s. They also give reward points for debit/credit shopping!

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Deal Subedar
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If your location is serviced by DBS, go for a digibank full kyc account.
IF your parents already have account with ICICI, make n account with ICICI and ask them to create a family relationship including your account. MAB would be at relationship level not at account level.

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