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AU Small Finance Savings Accounts

AU Small Finance Bank Savings Account

Last Updated 22nd Jan 2021

  • AU Small Finance Bank offers a wide range of savings account products for specific customer groups.
  • Minimum balance requirement to open a savings account in AU Small Finance Bank is Rs. 5,000.
  • You can get high returns up to 7.00% on a savings account.
  • Open instant AU Small Finance Bank savings account online.
  • Internet banking and mobile banking facility available.
  • The facility of safe deposits locker facility, nomination available in AU Small Finance Bank.
Apply for Savings Account

AU Small Finance Savings Account

AU Small Finance Bank offers a wide range of savings accounts that allows individuals to deposit money, keep it safe, and withdraw funds, all while earning interest. It provides a savings account according to the needs of the specific customer groups and caters to their requirement. For instance, it offers the Premium saving account for its high-end customers and also provides the minor savings account for children below the age of 18 years. The bank offers several facilities like internet banking, mobile banking, and allows no minimum balance requirement in many saving account products.

Features and Benefits of AU Small Finance Savings Account

Benefits of AU Small Finance Bank saving Account are as follow:

  • AU Small Finance Bank offers an interest rate on saving account in the range of 0.00% to 7.00%.
  • Balance requirement for AU Small Finance Bank savings account is Rs. 5,000.
  • An individual can transfer the AU Small Finance Bank savings account to any other branch without changing the account number.
  • Safe deposits locker facility, nomination facility is also available.
  • AU Small Finance Bank savings account provides the facility of linking to the Multi Option Deposit account to fetch higher term deposit interest on the surplus money.
  • It provides various kinds of debit cards as per account holder’s convenience.
  • AU Small Finance Bank offer banking facilities like internet banking and missed call banking. An individual can also avail the mobile banking facility which provides services like interbank mobile payment services (IMPS), utility bill payments, mobile recharges, enquiry and statements and cheque book request.
  • No charge is levied for passbook service.

AU Small Finance Savings account Charges

ProductMinimum balanceInterest RateNon Balance Maintenance Charges
Samarth Saving scheme Rs. 5,0000.00% - 7.00%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 SchemesNIL0.00% - 7.00%No charges
Sahyog Saving SchemesNIL4.00% - 7.00%No charges
Varishtha Saving SchemesRs. 5,0004.00% - 7.00% 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 SchemesRs. 5,0000.00% - 7.00% 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 SchemesNIL4.00% - 7.00%No charges
Samarth Pravasi Saving SchemesRs. 5,0004.00% - 7.00%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 SchemesNIL4.00% - 7.00%No charges
Aarambh Saving SchemesNIL4.00% - 7.00%No charges
AU Abhi Saving SchemesNIL4.00% - 7.00%No charges

AU Small Finance Savings Account Products

AU Small Finance offers multiple savings account products for different purposes. Some of the popular products of AU Small Finance savings are:

Samarth Saving scheme

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

Key Features:

  • The savings account offers a higher cash deposits limit to the account holders.
  • Facility of NEFT, RTGS, demand draft and locker available.
  • Higher interest rate and monthly payout options are available.
  • Minimum balance per month is Rs. 5,000.
  • Provides a higher interest rate in comparison to other savings account.

Eligibility:

  • Indian resident of 18 years of age and above can apply for this savings facility.
  • 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.

Pragati Saving Schemes

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

Key Features:

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

Eligibility:

  • Salaried individuals above 18 years of age

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.

Key Features:

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

Eligibility:

  • Indian resident of 18 years of age and above

Varishtha Saving Schemes

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

Key Features:

  • 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

Eligibility:

  • Individuals above the of age 60 year

Tejaswini Saving Schemes

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

Key Features:

  • 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

Eligibility:

  • Women above 18 years of age

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.

Key Features:

  • 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.

Eligibility:

  • Indian resident of 18 years of age and above

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

Key Features:

  • 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

Eligibility:

  • NRIs of 18 years and above

Vidyaarthi Saving Schemes

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

Key Features:

  • 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

Eligibility:

  • Students above 18 years of age

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.

Key Features:

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

Eligibility:

  • Indian resident of 18 years of age and above

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.

Key Features:

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

Eligibility:

  • Indian resident of 18 years of age and above

AU Small Finance Savings Account Nomination Plan

AU Small Finance Bank asks their customers to make nominations which imply that they should nominate individuals to whom the amount lying in their accounts should go in the event of their death. Nomination can be made in account opening form itself or on a separate form indicating the name and address of the nominee. The person can change the nomination any time. AU Small Finance savings account provides the nomination facility in all the savings products.

AU Small Finance Savings Account Welcome Kit

AU Small Finance Bank provides a Welcome Kit containing personalised cheque book and ATM Card, which is mailed to the customers’ postal address selected for correspondence, after 7 – 8 working days from the date of opening of a particular savings account.

Top Applications Offering UPI Facility

AU Small Finance Savings Account Helpline

Individuals can call AU Small Finance Bank’s 24X7 helpline number , which is accessible from all landlines and mobile phones in the country.

Open saving account with Other Banks online

FAQs

Can I open AU Small Finance bank account online?

AU Small Finance Bank enables individuals to open a savings bank account online as well. Individuals can open an Insta saving account and digital savings account.

What is the minimum balance for an AU Small Finance savings account?

Minimum balance requirement differs with AU Small Finance Bank saving account products. The minimum balance required to open a Samarth Saving scheme in AU Small Finance Bank is Rs. 5,000.

Which saving account is best in AU Small Finance?

There are various savings account products offered by AU Small Finance Bank. These accounts are specially developed for a certain section of people. Individuals may compare the interest rate offered, minimum account requirements and facilities provided to select the best product.

Can I open AU Small Finance account with zero balance?

The minimum balance requirement to open a savings account with AU Small Finance Bank is Rs. 5,000. If any individual does not maintain the minimum balance then non-balance maintenance charges are levied.


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AU Small Finance News - Jan 2021
  • 2018-04-11 : AU Small Finance Bank hikes Savings Deposit Rate
    AU Small Finance Bank has hiked its interest rates on its savings account deposits to up to 6.75%. The new rates will be effective from April 11.
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