I get why low-fee cards work for some, but is it worth paying a higher annual fee if the perks are better? Could the discounts on dining, lounge access, and fuel savings provide more value than a basic rewards percentage in the long run?

A valid ID proof, such as an Aadhar card, and two passport-size photographs are required. Other than PNB, you can think about SBI or Axis Bank, as both banks provide extra advantages for the students, like low MAB requirements, free debit cards, access to internet banking, and many more.