AU Small Finance Saving Account

Last Updated 09th Jul 2020

AU Small Finance Bank Savings Account Interest Rate India Jul 2020

AU Small Finance Bank Samarth Saving scheme
Interest Rate Upto Rs. 99,999 : 4.00%
Rs. 1 Lakh to Rs.5 Lakh : 5.00%
Rs. 5 Lakh to Rs.10 Lakh : 6.00%
Rs. 10 Lakh to Rs.5 Cr : 7.00%
Rs. 5 Cr to Rs.10 Cr : 6.50%
Above Rs. 10 Cr : 0.00% annually Check Best Schemes
Minimum Account Balance Rs. 5000
Debit Card Visa gold and Visa platinum
  • Higher Cash deposits limit
  • Facility of NEFT, RTGS, demand draft and locker available
  • Higher interest rate and monthly payout options
  • Minimum balance per month is Rs. 5,000
  • Provides a higher interest rate

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AU Small Finance Online Saving Account

AU Small Finance Bank is a Commercial Bank that started as a Vehicle finance company and was converted into a small finance Bank on 19 April 2017. The Bank has an excellent track record of serving the middle and low-income groups. It offers a comprehensive suite of loan, deposit & payment products and services.

Saving Account in AU Small Finance – Benefits

You get the following benefits while opening Savings Account with AU Small Finance

Nomination facility Yes
Passbook facility Yes
Chequebook facility Yes
Issuance of Debit Card Yes
Internet Banking Yes
Mobile Banking Yes
Fund Transfer Yes
DD Pay Orders Yes

AU Small Finance Saving Account – charges

Balance non maintenance charges : If the balance is below 100% of AMB then 5% Balance shortfall, if the balance is below 50% of AMB then 10% Balance shortfall. The maximum charge must be Rs. 500.
ATM Charges: 5 free transactions and after that Rs. 20 for per financial transaction and Rs. 8 for per non-financial transaction

AU Small Finance Savings Account

AU Small Finance Bank offers an interest rate of 0.00% - 7.00% p.a. AU Small Finance Bank also offer accounts to meet the specific requirements of salaried, women, kids and senior citizens.

Product Name Minimum Age Minimum Balance Required
Samarth Saving scheme 18 Years Rs. 5000
Pragati Saving Schemes 18 Years Nil
Sahyog Saving Schemes 18 Years Nil
Varishtha Saving Schemes 60 years Rs. 5000
Tejaswini Saving Schemes 18 Years Rs. 5000
Bachpan Saving Schemes No minimum age limit Nil
Samarth Pravasi Saving Schemes 18 Years Rs. 5000
Vidyaarthi Saving Schemes 18 Years Nil
Aarambh Saving Schemes 18 Years Nil
AU Abhi Saving Schemes 18 Years Nil

AU Small Finance Savings Account Products

Samarth Saving scheme

Samarth is a saving account that provides a moderate interest rate, ideal security, higher cash deposit limit and great banking experience.

Indian resident of 18 years of age and aboveIt is best suited for individuals. The savings account applicant must have the financial capability to maintains the minimum required balance of Rs. 5,000.

Features of Samarth Saving scheme

  • Higher Cash deposits limit
  • Facility of NEFT, RTGS, demand draft and locker available
  • Higher interest rate and monthly payout options
  • Minimum balance per month is Rs. 5,000
  • Provides a higher interest rate

Debit Card Offered : Visa gold and Visa platinum

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : If the balance is below 100% of AMB then 5% Balance shortfall, if the balance is below 50% of AMB then 10% Balance shortfall. The maximum charge must be Rs. 500.

Pragati Saving Schemes

Pragati Saving Account is an account for salaried individuals. It provides a higher interest rate and convenient banking experience.

Salaried individuals above 18 years of age

Features of Pragati Saving Schemes

  • Provides a higher interest rate
  • Increased cash deposits limits
  • Facility of NEFT, RTGS, demand draft and locker available
  • No minimum balance required

Debit Card Offered : Visa gold and Visa platinum

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : No charges

Sahyog Saving Schemes

Sahyog saving bank account is the scheme specially designed for the institutions. It provides higher interest rate,an ideal banking experience and security.

Indian resident of 18 years of age and above

Features of Sahyog Saving Schemes

  • Facility of sweep-in, locker, passbook and cash deposit available.
  • Increased cash deposits limits
  • NEFT, RTGS, Demand Draft facility available
  • No minimum balance required.

Debit Card Offered : Visa platinum debit card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : No charges

Varishtha Saving Schemes

The Varistha Saving account is a saving scheme for senior citizens. It provides doorstep facility, convenience, and amazing banking experience.

Individuals above the of age 60 year

Features of Varishtha Saving Schemes

  • Minimum balance per month is Rs. 5,000
  • Increased cash deposits limits
  • NEFT, RTGS, Demand Draft facility available
  • Extended banking hours
  • Provides a higher interest rate

Debit Card Offered : Visa gold debit card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : If the balance is below 100% of AMB then 5% Balance shortfall, if the balance is below 50% of AMB then 10% Balance shortfall. The maximum charge must be Rs. 500.

Tejaswini Saving Schemes

The Tejaswini saving account is a saving scheme for senior citizens. It provides ideal security and hassle-free banking experience.

Women above 18 years of age

Features of Tejaswini Saving Schemes

  • Minimum balance per month is Rs. 5000
  • Provides a higher interest rate
  • NEFT, RTGS, Demand Draft facility available
  • Increased cash deposits limits
  • Extended banking hours

Debit Card Offered : Visa gold debit card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : If the balance is below 100% of AMB then 5% Balance shortfall, if the balance is below 50% of AMB then 10% Balance shortfall. The maximum charge must be Rs. 500.

Bachpan Saving Schemes

AU small finance Bank offers Bachpan which is a Saving account which for children. It also serves the purpose of inculcating in children the habit of saving.

Indian resident of 18 years of age and above

Features of Bachpan Saving Schemes

  • Insurance benefits available
  • Higher interest rate available
  • Monthly interest payout available
  • Extended banking hours
  • Facilities of the Account statement, sweep-in, Locker, passbook, and cash deposit facilities available.
  • No minimum balance required.

Debit Card Offered : Visa gold debit card

Cash Withdrawal Limit : Rs. 5000

Balance Non Maintenance Charges : No charges

Samarth Pravasi Saving Schemes

Samarth Pravasi is a saving account for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). It provides an opportunity to manage your overseas saving

NRIs of 18 years and above

Features of Samarth Pravasi Saving Schemes

  • Monthly interest payout options available
  • Offers higher interest rate
  • Demand Draft, NEFT, RTGS, IMPS and Funds Transfer facilities available.
  • Minimum balance per month is Rs. 5,000
  • Attractive Pricing For Forex Transaction

Debit Card Offered : Domestic Rupay platinum debit card or Visa Planum Debit Card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : If the balance is below 100% of AMB then 5% Balance shortfall, if the balance is below 50% of AMB then 10% Balance shortfall. The maximum charge must be Rs. 500.

Vidyaarthi Saving Schemes

Vidyarthi saving account is a savings account for students. It aims at helping students in achieving their education and career aspirations.

Students above 18 years of age

Features of Vidyaarthi Saving Schemes

  • No minimum balance required.
  • Demand Draft, NEFT, RTGS, IMPS and Funds Transfer facilities available.
  • Facilities such as account statement, sweep-in, locker, passbook, and cash deposit available.
  • Monthly interest payout options available
  • Insurance benefits available

Debit Card Offered : Domestic Rupay platinum debit card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : No charges

Aarambh Saving Schemes

Aarambh is a basic savings account of AU small finance Bank. which aims at providing ease banking experience and high security of funds.

Indian resident of 18 years of age and above

Features of Aarambh Saving Schemes

  • Higher interest rates
  • No minimum balance required.
  • Multiple Insurance benefits available.
  • Demand Draft, NEFT, RTGS, IMPS and Funds Transfer facilities available.

Debit Card Offered : Domestic Rupey classic debit card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : No charges

AU Abhi Saving Schemes

AU small finance Bank offers Bachpan which is a Saving account for children. It serves the purpose of inculcating in children the habit of saving.

Indian resident of 18 years of age and above

Features of AU Abhi Saving Schemes

  • Higher interest rates
  • No minimum balance required.
  • NEFT, RTGS, IMPS and Funds Transfer facilities available.

Debit Card Offered : Virtual debit card

Cash Withdrawal Limit : Rs. 75,000

Balance Non Maintenance Charges : No charges

Documents Required

AU Small Finance Bank requires the following documents to open a Savings Account

  • Know your Customer or KYC document, Application Form and Photograph

Frequently Asked Questions on AU Small Finance Bank Savings Account

How much interest is charged by AU Small Finance on Savings Account?

AU Small Finance offers an interest rate of 0.00% to 7.00% on Savings Account.

What is the minimum amount required for opening Savings Account in AU Small Finance Bank ?

The minimum amount required for opening Savings Account in AU Small Finance is Rs. 5000.

What are the balance non - maintenance Charges on AU Small Finance Savings Account?

The Balance Non Maintenance Charges on Savings Account by AU Small Finance are If the balance is below 100% of AMB then 5% Balance shortfall, if the balance is below 50% of AMB then 10% Balance shortfall. The maximum charge must be Rs. 500..

What are the AU Small Finance Bank ATM Transaction charges on Savings Account?

AU Small Finance ATM Transaction charges on Savings Account are 5 free transactions and after that Rs. 20 for per financial transaction and Rs. 8 for per non-financial transaction .

How does AU Small Finance calculate interest charged on Savings Account?

Interest on Savings Account is calculated on Quarterly basis. The following formula is used by AU Small Finance Bank to calculate interest on Savings Account.

Monthly interest=Amount (Daily balance)*(No of days)* Interest/Days in the year

Does AU Small Finance Bank offer Debit Card to the account holder?

Yes, various Debit Cards are offered, differing according to the product. Some of the popular savings account products of AU Small Finance Bank with the type of debit card offered are listed in the table below.

Samarth Saving scheme Visa gold and Visa platinum
Pragati Saving SchemesVisa gold and Visa platinum
Sahyog Saving SchemesVisa platinum debit card
Varishtha Saving SchemesVisa gold debit card
Tejaswini Saving SchemesVisa gold debit card
Bachpan Saving SchemesVisa gold debit card
Samarth Pravasi Saving SchemesDomestic Rupay platinum debit card or Visa Planum Debit Card
Vidyaarthi Saving SchemesDomestic Rupay platinum debit card
Aarambh Saving SchemesDomestic Rupey classic debit card
AU Abhi Saving SchemesVirtual debit card

Interest rate on all AU Small Finance Bank deposits products listed in the table above is 0.00% to 7.00%

What is the withdrawal limit of the account?

The withdrawal limit offered in AU Small Finance Bank is Rs. 75,000

What is the eligibility criteria to open a savings account in AU Small Finance Bank
  • Indian resident of 18 years of age and above
  • It is best suited for individuals.
  • The savings account applicant must have the financial capability to maintains the minimum required balance of Rs. 5,000.
AU Small Finance News - Jul 2020
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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