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Get Student Savings Account

A Student's Account is an NRE (Non-Resident External) Savings Account, specially created for student's, so you can manage you finances with ease and convenience, when you are studying out of India.

Student Savings Bank Account aims to make basic banking facilities available to student community especially students drawing scholarships under Government sponsored poverty alleviation programmes.

Why choose a Student's Account?
  • We understand that as a student, you have unique banking requirements.
  • With minimum account balance of only INR 5000, our Student's Account caters to your special needs—ensuring you maximum convenience.

Loan Simple Process

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  • Low account balance: Minimum balance required as low as ₹ 5,000 only.
  • Anytime, anywhere account access: With international ATM-cum-Debit card, convenient access at over 10,000 ATMs and over 3,000 branches all over India, and 24x7 phone and internet banking.
  • Beneficial interest rates: Interest rates at 4% per annum for end of day balances equal to or above INR 50 lacs and 3.50% per annum for end of day balances below INR 50 lacs.
  • Easy movement of funds: Funds in NRE account are fully & freely repatriability
  • Tax benefits: Interest earned is not taxable in India.
  • >Money2India: Safe and simple online money transfer tracking service with online transfer to over 100 banks in India.
  • The account holder should be a student.
  • Student Savings Bank Account shall be converted to General Savings Bank Account after completion of studies or on attaining the age of 28 years whichever is earlier