AU Small Finance Bank
AU Small Finance
| Product | Interest Rate |
|---|---|
| Fixed Deposit | 3.50% to 7.25% |
| Recurring Deposit | 5.75% to 8.03% |
| Savings Account | 3.50% to 7.00% |
| MCLR | 12.20% to 13.35% |
AU Small Finance
AU Small Finance Bank was set as a small finance bank as per the regulations made in the Union Budget of 2014-2015. In adherence to how a Small Finance Bank should function, AU Small Finance Bank is regulated by the Reserve Bank of India under the Banking regulations Act of 1949. The Bank was set to fulfil the needs of the population that has been unbanked and untouched by the commercial banking sector. The functionalities of the Small Finance Banks have been exclusively designed to fulfil the financial needs of the underprivileged masses, by providing basic activities like deposits and lending. AU Small Finance Bank provides various banking services to its customers like deposits, locker facilities, Insurance facilities, loans, and Internet Banking, among others.
About AU Small Finance Bank
The current CEO of AU Small Finance Bank is Mr. Sanjay Agarwal. Further, the registered address of the AU Small Finance is 19-A, Dhuleshwar Garden, Ajmer Road, 302001. In case of grievances, customers can contact the Bank’s compliance officer, Mr. Manmohan Parnami by mailing him at customercare@aubank.in or by calling on +91 141 66188800. In addition to that, to raise any further queries, the compliance officer can be reached out at 19-A, Dhuleshwar Garden, Ajmer Road, 302001
AU Small Finance Bank Product Details
Savings and Current Accounts
AU Small Finance Debit Cards
AU Small Finance Deposits
AU Small Finance Bank Fixed Deposit
AU Small Finance Bank Recurring Deposit
AU Small Finance Bank Loan
AU Small Finance offers both secured and unsecured loans to its customers, like Home loans, personal loans, car loans, and business loans at affordable interest rates. AU Small Finance Bank is accustomed to lend more than 75% of its Adjusted Net Credit for the priority sector. This includes lending funds to poor people for housing, lending to farmers for agriculture and allied activities, lending to micro and small industries, and lending to weaker sections of the society.
| Loan products | Feature |
|---|---|
| Personal Loan | Unsecured loan offered on the basis of credit score to meet one’s personal expense. |
| Car Loan | Secured loan offered for the purchase of a car, where the car acts as collateral. |
| Home Loan | Secured loan offered for the purchase, renovation or construction of a house. |
| Gold Loan | A secured loan where the borrower can mortgage their gold to borrow funds against it. |
| Business loan | Loans offered to business units for undertaking business activities like purchase of plant and machinery, purchase of equipment, to undertake construction or to meet day to day expenses. |
Compare Rates of Small Finance Banks
AU Small Finance Netbanking Registration and log in
To add more to the convenience of the customers, AU Small Finance Bank offers net banking facility to the customers. The bank’s digital banking platform is hassle-free and easy to use. All customers with savings or current accounts can have access to AU Small Finance Bank net banking or mobile banking platform. One can register for AU Small Finance Bank net banking by following the below-mentioned steps:
Why AU Small Finance Bank?
The AU Small Finance Bank is a go-to-option when it comes to choosing the right bank for your banking needs because of the following reasons:
FAQs
✅Is AU Small Finance Bank safe?
Similar to commercial banks, AU Small Finance Bank is safe and secure as it is regularized by RBI.
✅Can AU Small Finance Bank accept deposits?
AU Small Finance Bank is a small finance bank that was set to provide banking activities to the underprivileged people. This bank conduct basic banking activities like deposits and lending.
✅Is AU Small Finance Bank approved by RBI?
AU Small Finance Bank is approved by RBI under the Banking regulations Act of 1949.
✅Is AU Small Finance Bank FD a safe option to invest?
AU Small Finance Bank provides fixed deposits investment facility to its customers. The Bank provides highest interest of 7.25% to its customers. The interest rate provided by AU Small Finance Bank is comparatively higher than any commercial bank. Also, the FDs are equally safe in this bank.
✅Can I take a loan from AU Small Finance Bank?
Yes, you can opt for a loan from AU Small Finance Bank. AU Small Finance provides loan products loans like home loan, personal loans and business loans, among others.
- 2021-04-30 : AU Small Finance Bank Q4 net profit up 38 per cent at Rs 169 cr
AU Small Finance Bank reported a 38% hike in its net profit at Rs 168.98 crore for the last quarter of the fiscal ended March 2021. The profit was boosted by retail loans like home, personal, LAP, two-wheeler, car, education and doctor loan along with deposits which include fixed and recurring deposits. Total income during Q4 FY21 rose to Rs 1,569 crore as against Rs 1,366.60 crore. Interest income moved up to Rs 1,292.37 crore during the reported quarter from Rs 1,183.45 crore in the year-ago period. - 2021-04-07 : AU Small Finance Bank launched Platinum Family Banking Program
With an aim to increase serve its customers, AU Small Finance Bank has launched a Platinum Family Banking Program. The scheme will offer facilities of family banking as well as offerings such as preferential pricing, priority processing, onboarding offers, and a complimentary lifetime free debit card. Further, it will also provide a dedicated relationship officer to address the financial needs of the entire family. - 2021-03-02 : AU Small Finance Bank revised its FD rates
With effect from 3 March 2020, AU small Finance Bank revised its FD rates, the FD rates for 7 days to 1 month 15 days is3.50%, for 1 month 16 days to 3 months 4% and it stands at 4.75% for 3 months 1 day to 6 months. Further, the FD rates for 6 months 1 day to 12 months is 5.25%, for 12 months 1 Day to 15 months and it is 6.35% and stands at 6.25% for 15 months 1 Day to 24 months. The FD rates for long tenors of 24 months 1 day to 36 months is 6.50%, for 36 months 1 day to 60 months and 6.25% and for 60 months 1 day to 120 months it is 6.50%. - 2021-02-08 : Revised MCLR for AU Small Finance Bank
With effect from 7 February 2021, AU Small Finance Bank changed its MCLR. The overnight and one-month MCLR is 7.90% and 7.60%. The MCLR for short tenors of three months and six months is 7.80% and 8.55%. Further, MCLR for one year, two years and three years is 9.60%, 10.20%, and 10.20%, respectively. - 2020-10-28 : Customer spending getting back to pre-COVID levels for AU Small Finance Bank
AU Small Finance Bank reported an increase of 23% in per day debit card spends. Overall, point-of-sale and e-commerce transactions witnessed a surge of 16% since the launch of the festive offers. The festive offer of the AU Small Finance Bank includes credit offerings such as 100% waiver on valuation charges for gold loan and attractive interest rates on car and home loans.
