Posted on February 15 2024
The AU Small Finance Bank Savings Account offers a wide range of features and benefits to customers seeking a superior banking experience. With multiple types of savings accounts to choose from, including a specialized account for senior citizens, AU Small Finance Bank caters to the unique needs of all customers.
One key feature of the AU Small Finance Bank Savings Account is the flexibility in maintaining the minimum balance requirement, ensuring that customers can open an account with ease. Additionally, customers can enjoy the convenience of a feature-rich debit card, providing quick access to their funds.
In this article, you can explore comprehensive details about AU Bank's savings account, including features, interest rates, charges, and step-by-step instructions for hassle-free online account opening, along with required documentation and additional information.
AU Small Finance Bank offers competitive interest rates on its savings accounts to provide attractive earning potential on their saved funds. In 2023, AU Bank offers different interest rates depending on the balance maintained in the savings account.
For savings account balances of up to Rs. 1 lakh, AU Bank provides an interest rate of 3.5%. For balances above Rs. 1 lakh and up to Rs. 10 lakhs, the interest rate is 5%. Customers with balances above Rs. 10 lakhs can enjoy an interest rate of 7% on their savings.
AU Small Finance Bank's interest rates are designed to reward customers who maintain higher balances in their savings accounts. By offering higher rates for incremental balances, the bank aims to encourage savings and help customers grow their wealth.
With AU Small Finance Bank, customers can enjoy a superior banking experience, access to a wide range of products, and various banking channels like video banking and mobile banking. AU Bank also provides features like a feature-rich debit card, nomination facility, and paperless banking to enhance the banking relationship and provide convenience to its customers.
The AU Small Finance Bank Savings Account offers a wide range of features and benefits to provide customers with a superior banking experience. With multiple types of savings accounts, including a dedicated senior citizens account, customers can choose the account that suits their needs the best.
The bank offers competitive interest rates on savings account balances, ensuring that customers earn maximum returns on their savings. Additionally, the bank provides the convenience of monthly interest payouts and a nomination facility for account holders.
AU Small Finance Bank also offers the convenience of video banking and mobile banking, making banking accessible anytime, anywhere.
Furthermore, the bank provides free cheque leaves, ensuring hassle-free transactions. Cash transaction fees are minimal, making it cost-effective to manage funds. Customers can also enjoy additional benefits such as discounts on locker rentals and a wide range of product offerings.
To open a savings account, customers need to provide proof of identity, address proof, and an employment certificate or confirmation letter. With AU Small Finance Bank, customers can enjoy a feature-rich savings account that meets their banking needs and offers enhanced benefits.
To open an AU Bank savings account, you can choose from various convenient methods. One option is video banking, where you can interact with a bank representative remotely. Simply schedule an appointment, provide the necessary documents, and complete the verification process online.
Another method is visiting the nearest AU Bank branch. The friendly staff will guide you through the account opening process and assist with any queries or concerns you may have. You can also contact the customer service team for guidance and support in opening an account.
For a seamless and hassle-free experience, you can use the AU 0101 application. This user-friendly app allows you to open a savings account from the comfort of your home. Just download the app, provide the required details, upload the necessary documents, and complete the verification process.
To open an AU Bank savings account, you will need to submit proof of identity and address, such as your Aadhaar card or address proof. Additionally, you must meet the eligibility criteria set by the bank.
When opening a Savings Account with AU Small Finance Bank, there are certain documents that you will need to provide. These documents are necessary to ensure a smooth and hassle-free account opening process. The following is a list of documents required:
1. Filled application form: You will need to fill out an application form with all the necessary details accurately.
2. Passport-size photograph: A recent passport-size photograph will be required for identification purposes.
3. Employment confirmation letter or salary slips: If you are a salaried individual, you will need to provide an employment confirmation letter, appointment letter, or salary slips as proof of your income.
4. PAN Card: A copy of your Permanent Account Number (PAN) Card is required to comply with income tax regulations.
5. Aadhaar Card: Providing a copy of your Aadhaar Card is necessary for identity verification.
6. Proof of Identity (ID Proof): Any government-issued identity document such as a driving license, passport, or voter ID card can be used for this purpose.
7. Address Proof: Submit a document that verifies your current address, such as your Aadhaar Card, utility bill, or bank statement.
8. Signature on a white paper: You will be required to provide your signature on a white paper, which will be compared with the signature on the account opening form.
By ensuring that you have these documents ready, you can save time and have a hassle-free experience while opening a Savings Account with AU Small Finance Bank.
AU Small Finance Bank offers savings accounts to both individuals and NRIs. The eligibility criteria for opening a savings account with AU Small Finance Bank are straightforward.
For individuals, the bank requires a minimum age of 18 years. The bank does not discriminate based on profession, and both salaried customers and self-employed individuals are eligible to open a savings account.
For NRI individuals, the bank offers NRO (Non-Residential Ordinary) savings accounts. The bank allows NRIs to maintain their Indian earnings in these accounts.
To open a savings account with AU Small Finance Bank, individuals need to provide certain documents. For individuals, proof of identity and address is required. This can be in the form of a valid government-issued identification document (such as Aadhaar card or passport) and an address proof document (such as a utility bill or bank statement).
For NRIs, additional documentation is required, including an employment certificate or employment confirmation certificate, depending on their employment status.
With AU Small Finance Bank, both individuals and NRIs can enjoy a range of benefits and features, including competitive interest rates, access to banking services such as video banking and mobile banking, a feature-rich debit card, and a wide range of product offerings.
AU Small Finance Bank offers a wide range of savings account options to cater to the diverse needs of its customers. These accounts provide a superior banking experience along with a host of benefits and features.
This type of savings account is designed for salaried customers, offering special benefits such as a zero-balance facility, feature-rich debit card, and enhanced benefits for monthly balance maintenance.
Suited For - Salaried Professional
High-Interest Rates - One of the key features of the AU Salary Account is the high-interest rate it offers. This means that your savings will earn you more money over time.
Minimum Balance - Nil. there is no minimum balance requirement, ensuring flexibility and convenience for account holders.
Insurance Coverage - The AU Salary Account also comes with additional insurance coverage on the debit card. This provides an added layer of security and peace of mind for account holders.
In conclusion, the AU Salary Account is a feature-rich savings account tailored for salaried professionals. With its high interest rate, no minimum balance requirement, and additional insurance coverage, it offers a competitive and reliable banking solution for individuals looking to optimize their savings.
Perfect for institutions like schools, colleges, and hospitals, this account provides financial stability and access to a wide range of products and services. Designed to cater to the specific needs of institutions, this account ensures that banking transactions are hassle-free and efficient.
Suited For: Institutions
Eligible organizations: for the AU Institution Account you should fall into below mentioned categories.
Competitive Interest Rates: One of the key features of the AU Institution Account is its competitive interest rate, offering up to 7% per annum. This ensures that the funds deposited by institutions yield attractive returns. Additionally, institutions can opt for a monthly interest payout, allowing them to access the interest earned regularly.
Bulk Payment Option: AU Bank also provides bulk payment solutions tailored to suit the needs of institutions. This enables seamless and quick payments to be made to multiple beneficiaries, making it convenient for organizations to manage their finances.
Customized Solutions: With the AU Institution Account, institutions can expect a superior banking experience with personalized services and a dedicated relationship manager. The account offers a range of additional features and benefits, including a wide range of banking products, a nomination facility, and access to video banking and mobile banking services.
In conclusion, the AU Institution Account is specifically designed to meet the banking needs of various institutions, offering attractive interest rates, convenient payment solutions, and a superior banking experience.
Specifically designed for senior citizens, this account offers exclusive benefits such as higher interest rates, monthly interest payout, and a nomination facility. The AU Senior Citizen Savings Account is designed specifically for individuals who are 60 years and above, offering exclusive features and benefits to meet their financial needs.
Suited For: Senior Citizens who are 60 Years and above
This account is available to both resident and non-resident senior citizens, making it accessible to a wide range of customers. With a minimum balance requirement of Rs. 5,000 (Urban Branch) and Rs 2,000 (Core Branch) and no maximum limit, individuals can comfortably maintain their savings.
Attractive Interest Rates: The AU Senior Citizen Account offers attractive interest rates of 7% p.a., allowing customers to earn more on their balances. Additionally, senior citizens can enjoy monthly interest payouts, providing a regular income stream to meet their expenses.
Superior Banking Experience: To facilitate convenience, account holders are provided with a cheque book and a feature-rich debit card, ensuring easy access to their funds. Moreover, the account offers a wide range of banking services, including video banking and mobile banking, providing a superior banking experience.
Preferential Interest Rate: As an added benefit, senior citizens can avail of preferential interest rates on fixed deposits, enhancing their savings even further. They can also enjoy exclusive discounts on locker rentals and access to insurance benefits.
Proof of Identity: To open an AU Senior Citizen Account, customers are required to provide proof of identity, address proof, and age proof. This can be in the form of an Aadhaar card, passport, or any valid government-issued document.
In conclusion, the AU Senior Citizen Account offers an array of features and benefits tailored to meet the unique financial requirements of senior citizens. With attractive interest rates, convenient banking facilities, and exclusive discounts, it provides a comprehensive banking relationship that ensures financial stability and enhanced benefits for senior citizens.
The AU Women Account is specifically designed to empower women and cater to their unique financial needs. It offers various benefits like attractive interest rates, discounts on locker rentals, and a feature-rich debit card. With a host of exclusive features and benefits, this account offers a superior banking experience to women across the country.
Proof of Identity: To be eligible for the AU Women's Account, women need to provide proof of identity, such as an Aadhaar card, and meet the minimum balance requirement, which starts at a nominal amount. A minimum balance of Rs 5,000 (Urban Branch) and Rs 2,000 (Core Branch) is required. They can enjoy the convenience of accessing their account through video banking and mobile banking services, ensuring quick and easy access to their funds.
Attractive Interest Rates: One of the key benefits of the AU Women Account is the attractive interest earned on savings account balances. Women can maximize their savings with the advantage of a monthly interest payout. Additionally, they will have the option to avail of a feature-rich debit card that allows cash withdrawals and provides access to a wide range of banking services.
Family Banking Facility: Another unique feature of the AU Women Account is the family banking facility. This feature allows women to link their family members' accounts and easily manage their finances, providing added convenience and flexibility.
With the AU Women Account, women can enjoy a range of benefits including enhanced banking services, competitive interest rates, and a secure banking relationship. It is an account that truly understands and caters to the financial needs of women, ensuring their financial stability and empowerment.
This savings account is specially tailored for children to inculcate saving habits from an early age. It comes with exciting features like instant access, savings tools, and a range of engaging activities.
Attractive Interest Rates with Feature Rich Debit Card: The AU Kids Account offers attractive interest rates on savings, ensuring that your child's money grows steadily over time. With a low minimum balance requirement, it is easy for parents to open and maintain this account. The account also comes with a feature-rich debit card, allowing kids to develop responsible spending habits and learn financial management in a controlled environment.
Nomination Facility: AU Kids Account holders have access to a wide range of banking services, including video and mobile banking, ensuring convenience and a superior banking experience. Account holders can also avail themselves of the nomination facility, providing peace of mind to parents.
Kid Account Eligibility: To be eligible for an AU Kids Account, you need to provide proof of identity and address, along with the child's birth certificate. Whether you want to save for your child's education, and future expenses, or simply teach them the value of money, the AU Kids Account is the ideal choice to kickstart their financial journey.
Introducing the AU NRI Account, which is designed specifically for Non-Residential Indians (NRIs) and Persons of Indian Origin (PIOs) looking for a reliable and convenient banking solution. AU Bank offers two types of NRI Accounts - NRE (Non-Residential External) Account and NRO (Non-Residential Ordinary) Account.
AU NRI Account Eligibility: To be eligible for an AU NRI Account, NRIs and PIOs must meet certain criteria. This includes Indian citizens residing overseas for employment, studies, business, or vacation, individuals posted in the United Nations or deputed abroad by the government of India, mariners, oil rig workers, individuals with Indian citizenship lineage, and spouses of Indian citizens or PIOs.
AU NRE & AU NRO Account Key Features: The NRE Account allows you to maintain your income earned outside India, such as dividends, rent, or salary, in India in foreign currency. The NRO Account, on the other hand, is for managing income earned in India. Both types of accounts offer easy fund repatriation, convenient online banking services, and a wide range of banking products and services.
AU NRI Account Key Features: With the AU NRI Account, you can enjoy a host of benefits such as a dedicated relationship manager, access to a wide network of branches across India, competitive interest rates, and simplified financial transactions. So, whether you are looking to secure your funds, invest in fixed deposits, or avail of a range of banking services, AU NRI Account is the ideal choice for NRIs and PIOs. Open your AU NRI Account today and experience banking with convenience and reliability.
The AU Student Account is a savings account offered by AU Small Finance Bank specifically designed for students. It provides a range of features and benefits to ensure a superior banking experience for young customers.
AU Zero Balance Account: Dedicated to students, this account offers a range of benefits such as a zero-balance facility, easy access to funds, and a feature-rich debit card.
AU Student Account Eligibility Criteria: To qualify for the AU Student Account, students need to provide proof of identity such as an Aadhaar card and their student ID.
Attractive Interest Rates: One of the key benefits of the AU Student Account is the attractive interest rate it offers, helping students grow their savings. Additionally, account holders are provided with a feature-rich debit card, offering quick and easy access to their funds.
Domestic Lounge Access: Furthermore, the AU Student Account also comes with several additional perks. Students can enjoy domestic lounge access at select airports, giving them a comfortable and convenient travel experience. The account also provides multiple insurance benefits, ensuring financial stability and peace of mind for the account holder and their families.
With the AU Student Account, AU Small Finance Bank aims to empower students with enhanced banking benefits, allowing them to focus on their education while also building a strong financial foundation for the future
Introducing the AU ABHI Savings Account, brought to you by AU Small Finance Bank. This feature-rich savings account promises a superior banking experience along with a wide range of benefits. This account is for those who seek a hassle-free and paperless banking experience
Monthly Interest Payout: With the AU ABHI Savings Account, customers can enjoy a monthly interest payout, providing them with instant access to their earnings. The account offers a competitive interest rate, ensuring that your savings grow steadily over time.
Convenient Features: The account comes with a range of convenient features such as mobile banking, video banking, and access to a feature-rich debit card, giving customers the freedom to manage their finances anytime, anywhere. AU Small Finance Bank also provides a nomination facility, ensuring that your savings are protected and can be transferred seamlessly to your loved ones.
AU ABHI Account Eligibility Criteria: To open an AU ABHI Savings Account, all you need is proof of identity and a minimum balance to get started. The bank offers both zero-balance and low minimum-balance options, making it accessible to a wide range of customers.
Experience the AU ABHI Savings Account today and enjoy enhanced benefits, competitive interest rates, and a hassle-free banking experience. Open an account at your nearest AU Small Finance Bank branch and start your journey towards financial prosperity. Moreover, the bank's financial stability and customer-centric approach ensure that your savings account balances are safe and well-managed.
Introducing the AU Digital Savings Account – a hassle-free and convenient way to manage your finances. With its seamless online opening process, you can now enjoy the benefits of a savings account from the comfort of your own home. Ideal for tech-savvy individuals, this account offers seamless online banking services, including video banking and mobile banking.
No Minimum Balance: One of the standout features of the AU Digital Savings Account is the no minimum balance requirement. Say goodbye to the worry of maintaining a specific amount in your account at all times. This account empowers you to have complete control of your funds without any restrictions.
Platinum Debit Card: Another advantage of this account is the inclusion of the RuPay Platinum Debit Card. This feature-rich debit card provides you with unmatched convenience and security. Not only can you make cash withdrawals at ATMs, but you can also make contactless payments at various merchant establishments across India. Experience the freedom of quick and hassle-free payments with just a simple tap.
In addition to the AU Digital Savings Account, AU Small Finance Bank offers a wide range of savings accounts to cater to your unique financial needs. Whether you are a senior citizen, a salaried individual, or looking for a zero-balance savings account, AU Small Finance Bank has got you covered.
A zero-balance savings account with basic features, it is an excellent choice for those looking for a simple and no-frills banking experience.
The BSBDA Savings Account is designed to ensure that everyone has access to a bank account. It is especially aimed at individuals who may not have any other savings account. This account comes with numerous features and benefits, making it an ideal choice for those looking for a basic savings account.
Eligibility Criteria of AU BSBDA Saving Account: To be eligible for the BSBDA Savings Account, you need to be an Indian citizen and not have any other savings account in any bank. You can apply for this account in an individual capacity.
Zero Balance: With the BSBDA Savings Account, there is no minimum balance requirement. This means that you can open and maintain the account with zero balance. Additionally, there is no upper limit on the maximum balance. The account also earns interest as per the prevailing rates.
Cheque Book Facility: Other key features of the BSBDA Savings Account include a cheque book facility, a debit card, and free cash deposits and withdrawals. These features ensure that you can conveniently manage your finances and access your money as and when needed.
In conclusion, the BSBDA Savings Account offers a hassle-free banking experience with its no-frills features. It is an ideal choice for those who are looking to open a basic savings account without the hassle of maintaining a minimum balance.
AU Small Finance Bank offers the Platinum Savings Account which not only provides attractive interest rates but also offers a host of features and services. However, it is essential to familiarize yourself with the fees and charges associated with this account.
The charges for the Platinum Savings Account may vary depending on the product variant and the specific requirements of the customer. To make banking convenient and accessible, AU Small Finance Bank provides a feature-rich debit card that offers numerous benefits and privileges. However, the bank may levy charges for lost or damaged cards.
Online Transaction Charges: In addition, charges may apply for online transactions such as RTGS, IMPS, and NEFT. Cash deposits and cash withdrawals also incur charges, and these charges may differ based on the amount transacted. Customers are advised to check with the bank for the specific charges applicable to their transactions.
AU Small Finance Bank aims to provide transparency and ensure that customers have a seamless banking experience. To be fully informed about the charges and fees associated with the Platinum Savings Account, customers are encouraged to refer to the bank's official website or contact the nearest bank branch for detailed information.
What is the interest rate for an AU small Savings Account?
The interest rate for AU Small Savings Account varies depending on the amount that you deposit and the duration of your deposit. Generally, small deposits (under Rs 5000) will earn an interest rate of 3.50% per annum, while deposits of more than Rs 5000 will earn higher interest rates up to 7.00%.
Does AU Bank give monthly interest?
Yes, AU Bank does offer monthly interest on certain types of accounts and deposits. These accounts are typically referred to as savings accounts or fixed deposit accounts. The interest is calculated monthly and added to the account balance at the end of each month.
What is the minimum balance in AU Small Finance Bank?
The minimum balance required is Rs. 5,000 for Urban branches and Rs. 2,000 for Core branches.
Which bank gives 7% interest per month?
AU Small Finance Bank is offering 7% interest per month.
What is the FD rates of AU Small Finance Bank today for senior citizens?
|Rate of interest
|for 2 years
|for 3 years
|for 4 years and +
How to open an AU Small Finance Bank FD deposit account?
You can either visit the branch of AU Small Finance Bank or do it via the AU 0101 app.
Is AU Bank safe to invest?
I am not a financial advisor, but I can provide some general information that may help you make an informed decision.