AU Small Finance Bank provides different types of savings accounts that cater to your needs. Savings account is a basic necessity in today’s time to manage your basic finances. On this page, you will find all the information about AU Bank’s savings account and learn how to open AU Bank savings account online, documentation and more.
AU Bank Savings Account Interest Rates 2024
| Account Balance | Rate of Interest (p.a.) |
| Balances less than Rs. 1 lakh | 3.00% |
| Balances from Rs. 1 lakh to less than Rs. 5 lakh | 4.00% |
| Balances from Rs. 5 lakh to less than Rs. 10 lakh | 5.00% |
| Balances from Rs. 10 lakh to less than Rs. 25 lakh | 7.00% |
| Balances from Rs. 25 lakh to less than Rs. 1 crore | 7.00% |
| Balances from Rs. 1 crore to less than Rs. 5 crore | 7.25% |
| Balances from Rs. 5 crore to less than Rs. 10 crore | 7.00% |
Note – Interest rates are updated as on 11th September 2024.
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Types of AU Bank Savings Account
AU Small Finance Bank has 11 types of savings account options for its customers. Accounts are classified as per your needs. You can avail video banking facility to open a savings account from anywhere. There is an account for kids as well to make the kids learn about the importance of savings in life from a very young age.
| AU Savings Account | AU Salary Account | AU Institution Account | |
| AU Senior Citizen Account | AU Women Account | AU Kids Account | |
| AU NRI Account | AU Student Account | AU ABHI Account | |
| AU Digital Savings Account | BSBDA Savings Account | ||
Types of SBI Savings Account - Features & Benefits
AU Savings Account
This account is a high interest-bearing account which provides you a superior banking experience with added benefits which makes it ideal for your needs.
| Particulars | Details |
| Suited For | Individuals |
| Minimum/Maximum Balance | Rs. 5,000 (Urban branch)/Rs. 2,000 (Core branch) |
| Eligibility Criteria | All individuals having valid KYC documents |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Available |
| Debit Card | Visa Gold Debit Card |
| Credit Card | Not provided |
| Other Features | · Dedicated relationship officer
· Feature-rich debit card · Auto upgarde |
AU Salary Account
The AU salary account is designed to provide better benefits to salaried customers getting their salaries in this savings account. It offers high rate of interest and does not require you to maintain the minimum average monthly balance as well.
| Particulars | Details |
| Suited For | Salaried professionals |
| Minimum/Maximum Balance | NIL |
| Eligibility Criteria | On-roll employee of a company empanelled |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | RuPay platinum debit card |
| Credit Card | Not provided |
| Other Features | · Additional insurance coverage on feature-rich debit card
· Tax advisory & support |
AU Institution Account
The account offers seamless banking experience to institutions. You can pay heed to your savings by using this account while running any kind of institution.
| Particulars | Details |
| Suited For | Institution |
| Minimum/Maximum Balance | NIL |
| Eligibility Criteria | Can be opened if you fall under-
· Development of Women and Children Rural Areas · Primary co-operative societies that are financed by banks · Registered and unregistered self-help groups · Village industries and Khadi Board · Trusts, associations, clubs, charitable hospitals, NGOs and certain companies · Committees formed by the agriculture produce market Institutions sponsored by central or state government |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | RuPay platinum debit card |
| Credit Card | Not provided |
| Other Features | · Monthly interest payout
· Bulk payments · Customised solution & support |
AU Senior Citizen Account
AU Senior Citizen Account is tailored to meet the needs of the senior citizens. You can make the most of the golden years of your life and do what you like with this account. Senior citizen savings account comes with numerous benefits such as higher interest rates on FD, privileged facilities, discount on locker rentals, free tax advisory services, etc.
| Particulars | Details |
| Suited For | Senior citizens |
| Minimum/Maximum Balance | Rs. 5,000 (Urban branch)/Rs. 2,000 (Core branch) |
| Eligibility Criteria | Indian citizen who are 60 years old and above |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | VISA Gold debit card |
| Credit Card | Not provided |
| Other Features | · Preferential interest rates on Fixed Deposits
· Exclusive discounts · Insurance benefits |
AU Women Account
The AU Women Account is designed for women from all spheres of life. Women can build a financially stable future for themselves and their loved ones with the help of this account.
| Particulars | Details |
| Suited For | Women |
| Minimum/Maximum Balance | Rs. 5,000 (Urban branch)/Rs. 2,000 (Core branch) |
| Eligibility Criteria | Resident of India and a woman who is 18 years of age or above |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | VISA Gold debit card |
| Credit Card | Not provided |
| Other Features | · Feature-rich debit card
· Family banking |
AU Kids Account
To teach kids about financial independence is a must in today’s time. Children must learn when to spend and how to save. The habit of savings should be inculcated in kids since the start and they must be taught to value money.
| Particulars | Details |
| Suited For | Children |
| Minimum/Maximum Balance | NIL |
| Eligibility Criteria | Resident of India, under 18 years of age, should have government issued KYC documents |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | VISA Gold debit card to children above 10 years of age |
| Credit Card | Not provided |
| Other Features | · Feature-rich debit card
· Insurance benefits |
AU NRI Account
Banking and investment needs change as you relocate. This account provides you with ease in banking. You can avail wide range of products and services from anywhere in the world. There are two types of AU NRI Accounts-
- NRE Account (Non-Resident External Savings Account)
- NRO Account (Non-Resident Ordinary Savings Account)
| Particulars | Details |
| Suited For | NRIs and PIOs |
| Minimum/Maximum Balance | Rs. 5,000 per month |
| Eligibility Criteria for NRIs | · An Indian citizen residing overseas for employment, studies, business or vacation
· Indian posted in the UN, an official deputed abroad by the government of India or a public sector undertaking · Indian national who is a mariner, or is stationed on an oil ring, or works with a foreign registered airline |
| Eligibility Criteria for PIOs | · Individual holding a foreign passport (conditions apply), who may have been issued an Indian passport in the past
· Individual who has a grandparent or parent of Indian citizenship lineage · Spouse of an Indian citizen or spouse of a PIO |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | Visa Platinum NRE debit card |
| Credit Card | Not provided |
| Other Features | · Attractive pricing for forex transaction
· Mandate holder facility |
AU Student Account
It’s imperative to understand the importance of money and financial stability since it is an essential life-skill. For students working hard to excel in their career need a savings account to fund themselves for their needs. This account helps a student to create a stable financial future.
| Particulars | Details |
| Suited For | Students |
| Minimum/Maximum Balance | NIL |
| Eligibility Criteria | Resident of India pursuing a course at a school, college or university. If you are a minor, you should have a parent or a guardian who can operate the account till you turn 18 |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | RuPay debit card |
| Credit Card | Not provided |
| Other Features | · Domestic lounge access
· Multiple insurance benefits |
AU ABHI Savings Account
In today’s lifestyle, everything is instant. Hence, AU ABHI savings account lets you operate banking from anywhere. It is an instant banking service tailored for your quick access to banking.
| Particulars | Details |
| Suited For | Individuals |
| Minimum/Maximum Balance | NIL |
| Eligibility Criteria | 18 years or above having all valid KYC documents and is not an existing customer |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | Virtual RuPay debit card |
| Credit Card | Not provided |
| Other Features | · Easy application
· Instant access to the account · No charges on online fund transfer |
AU Digital Savings Account
Access this account from anywhere instantly. It provides fast banking facilities on the go. It is a simplified way of banking for your needs.
| Particulars | Details |
| Suited For | Individuals |
| Minimum/Maximum Balance | NIL |
| Eligibility Criteria | 18 years or above having all valid KYC documents |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | RuPay Platinum debit card |
| Credit Card | Not provided |
| Other Features | · Instant account opening
· Instant access to the account · Paperless banking |
BSBDA Savings Account
In today’s time, having a bank account is a need. This savings account makes sure that it reaches out to all the people and aims at ensuring that everyone has a bank account.
| Particulars | Details |
| Suited For | Individuals |
| Minimum/Maximum Balance | NIL |
| Eligibility Criteria | · An Indian citizen
· Should not have any other savings account · Must not have any other BSBDA account with any other bank · Should apply in your individual capacity and not in the capacity of Karta of a Hindu Undivided Family |
| Interest Earned | Up to 7% interest per annum |
| Cheque book facility | Not available |
| Debit Card | RuPay Classic debit card |
| Credit Card | Not provided |
| Other Features | · Free cash deposits at all AU bank branches
· 4 free withdrawals per month |
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How to Open AU Bank Savings Account
In order to open an AU Bank savings account, you may select any of the following methods:
- Video banking
- Visit your nearest branch
- Call customer care
- Online form
- Contact your relationship manager
- Visit AU SFB website
- Documents pick-up services for an NRI account
- AU 0101 App for an AU ABHI account
Documents Required for Opening a Savings Account with AU Small Finance Bank
Following are the documents mentioned to open a savings account in AU Small Finance Bank:
- Duly filled application form
- Passport size photograph
- Employment confirmation letter for your HR/salary slips/appointment letter for salary account
Proof of Identity:
- Passport
- Voter Id Card
- Driving license
- Indian/Foreign passport for NRI account
Proof of Address (any of the following):
- Aadhaar Card
- Telephone bill
- Passport
- Driving license
- Indian or Overseas address proof for NRI account
In addition to the documents mentioned above, the bank may require an applicant to furnish other documents as well.
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AU Small Finance Savings Account FAQs
Is AU Small Finance Bank safe for savings account?
All savings accounts in AU SFB are insured under DICGC which means that any amount deposited up to Rs. 5 lakh is insured and you can enjoy availing services of the bank.
What is the minimum balance in AU Small Finance Bank?
The minimum balance to be maintained is Rs. 5,000 in urban branches and Rs. 2,000 in core branches.
Is AU Bank zero balance account?
The AU Digital Savings, BSBDA, Savings, AU Salary, AU Institution, AU Kids, AU Student and AU ABHI Savings Account are zero-balance savings accounts.
Does AU Bank provide locker facilities?
Yes, the bank provides locker facilities with certain savings accounts. For further details, the applicant will have to get in touch with the bank.
Can an NRI have a Savings Account in AU Small Finance Bank?
NRIs can avail two types of accounts in AU Small Finance Bank. The kind of accounts are, NRE Account and NRO Account. The bank also offers NRE & NRO non-interest-bearing accounts for their NRI customers.
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