Types of AU Bank Savings Accounts choose the ideal one as per your need
Explore Types of AU Bank Savings Accounts
AU Small Finance Bank offers a diverse selection of savings accounts designed to meet a wide range of financial needs. Whether you’re a student, senior citizen, institution, or an individual seeking convenience, there’s a perfect account for you. From the hassle-free Digital Savings Account to the empowering AU Women Account and the educational AU Kids Account, AU Bank ensures that your banking experience aligns with your unique goals. With options catering to NRIs, working professionals, and institutions, AU Small Finance Bank’s suite of savings accounts exemplifies their commitment to helping you achieve financial success, one account at a time.
AU Small Finance Bank provides a variety of savings accounts tailored to suit your specific financial goals and needs. A savings account offers a secure place to store your money, accompanied by additional benefits. With AU Bank, you can enjoy the flexibility to withdraw funds, transfer money, pay bills, and earn attractive interest on your deposits. Let’s explore the different types of savings accounts offered by AU Small Finance Bank to help you determine the best fit for your financial journey.
AU Digital Savings Account
Imagine the convenience of opening a savings account instantly, without any hassles. AU Small Finance Bank’s Digital Savings Account makes this a reality. It’s a Zero Balance Savings Account, meaning there’s no requirement for a minimum account balance. This account is designed for speed and simplicity, and you can even complete the process through video KYC (Know Your Customer). As long as you’re 18 years or older and possess the necessary KYC documents, you’re eligible to open a digital savings account with AU Small Finance Bank.
AU Salary Account
For many working individuals, a salary account serves as their primary savings account. If you’re an on-roll employee of a company partnered with AU Small Finance Bank, you can open a Salary Savings Account instantly. This account is tailored to meet the banking needs of modern professionals, offering the following advantages:
- No minimum savings account balance requirement.
- A feature-rich Visa Debit Card with enhanced insurance coverage, along with offers and discounts from leading Indian brands.
- A shift away from deposit slips to embrace paperless banking.
- AU Kids AccountAU Senior Citizen Savings Account
Banking should be hassle-free and convenient for senior citizens, and AU Small Finance Bank recognizes this. Their “Senior Citizen Savings Account” caters to Indian residents aged 60 and above. Here are the benefits it offers:
- Earn high-interest rates on your savings balance, with monthly interest payouts.
- A generous 50% discount on locker rentals for safeguarding important documents, gold, and valuables.
- Extended banking hours for added convenience.
AU NRI Account
For Non-Resident Indians (NRIs) or Persons of Indian Origin (PIOs), AU Small Finance Bank simplifies managing income, whether earned in India or abroad. You can choose from two types of Savings Accounts: NRE (Non-Residential External) Savings Account and NRO (Non-Residential Ordinary) Savings Account, depending on your needs. Additionally, AU Bank offers NRE and NRO Non-Interest-bearing accounts for NRIs, offering the following benefits:
- High-interest rates with monthly interest payouts.
- Access to exclusive facilities like Hospi-Cash to cover your parents’ medical expenses in India.
- Free Tax Advisory services in India with your NRE or NRO Savings Account.
AU Institution Account
Managing finances for institutions can be a complex task, but AU Small Finance Bank simplifies it with the “AU Institution Account.” Specifically designed for Trusts, Associations, Clubs, NGOs, Hospitals, Educational & Research Institutes, Section 8 Companies, and other entities, this account offers the following features:
- Free cash deposit and withdrawal services.
- Preferential rates on fixed deposit (FD) investments.
- Enhanced liquidity with an overdraft facility to meet short-term needs.
AU ABHI Account
Why wait in long queues to open a savings account when you can do it virtually? AU Small Finance Bank’s fully digital “AU ABHI Savings Account” is a Zero Balance Saving Account that provides several benefits:
- Apply online and open an Instant Savings Account within 3 minutes using your Aadhar and PAN card.
- Enjoy convenient transactions with a Virtual RuPay Debit Card.
- Access free unlimited IMPS/RTGS/NEFT fund transfers.
AU Women Account
AU Small Finance Bank believes in empowering women to build financially secure futures for themselves and their loved ones. The “AU Women Savings Account” is specially designed for women aged 18 and above, offering the following benefits:
- Monthly interest payouts on your hard-earned money.\
- Extended banking hours for added convenience.
AU Student Account
For students with dreams and aspirations, AU Small Finance Bank offers the “AU Student Account.” To open this account, your educational institution needs to be partnered with AU Bank. Here’s what it offers:
- Monthly interest payouts and high savings account interest rates.
- A RuPay Platinum Debit Card with insurance and exciting benefits.
- Complimentary access to other bank ATMs for cash withdrawals.
- The opportunity to invest your idle funds in high-interest-bearing fixed deposits (FDs).
AU Kids Account
The “AU Kids Account” is specifically designed for children under 18 years of age. It helps children understand the importance of saving money while enabling parents to build a financial foundation for their child’s future. Features include:
- Zero non-maintenance charges for the child’s account.
- Parents can set up a recurring fund transfer facility to their kid’s account.
- Visa Debit Card facility is available for children aged ten and above.
Each of these savings accounts from AU Small Finance Bank is designed to cater to specific needs and goals. Whether you’re a working professional, a student, a senior
Open AU Bank saving account online with fayda pay partner Reijiro and earn commission upto Rs. 500
To initiate the process of opening an AU Bank savings account online with the convenience of Fayda Pay partner Reijiro, please follow the steps outlined below:
Step 1: Download the Fayda Pay Partner App by Reijiro
Your first step in opening an AU Bank savings account with no 0 balance requirement is to download the Fayda Pay App from your respective smartphone’s app store.
Step 2: Register or login
Fill you mobile number, name, select pincode and submit OTP for registration or enter mobile number and password to login
Step 3: Enter Mobile number and name of the applicant
Step 4: Complete Personal Information
Upon selecting preferred account type, you will be redirected to a page where you must input your personal and contact information. This includes details such as your name, date of birth, mobile number, email address, residential address, and other necessary particulars. Ensure that all mandatory fields are accurately filled out.
Step 5: Select the ‘Bank account’ category
Once you select the bank account category select AU bank from the list
Step 6: Select the ‘Open an Account’ option
Once you are on the AU Bank website, look for the ‘Open an Account’ option. Click on the option to proceed.
Step 7: Choose Your Preferred Account Type
AU Bank provides various types of savings accounts, designed to cater to diverse financial needs. These options may include regular savings accounts, digital savings accounts, senior citizen savings accounts, and more. Select the account type that aligns with your preferences and click on “Apply Now.”
Step 8: Upload Your KYC Documents Securely
After entering your personal information, you will be prompted to securely upload your Know Your Customer (KYC) documents. These typically include your Aadhaar card, PAN card, and other relevant identification documents. It’s essential to upload clear and valid copies of these documents.
Step 9: Customize Your Account Features
Following the document upload, you will have the opportunity to customize your savings account by selecting additional features such as a debit card, mobile banking, net banking, and other relevant services. Choose the options that best align with your financial preferences before proceeding.
Step 10: Review and Submit Your Application
Before finalizing your application, take a moment to carefully review all the information you have provided. If you discover any errors, you can make necessary edits before submitting. Once you are satisfied that all details are correct, click the “Submit” button to send your application.
Step 11: Complete the Electronic KYC (e-KYC) Process
After submitting your application, you will be directed to complete the Electronic KYC (e-KYC) process. This involves verifying your details and documents through a secure one-time password (OTP) sent to your registered mobile number. Follow the provided instructions to successfully complete this step for added security.
Step 12: Receive Your Welcome Kit
Upon successfully opening your AU Bank savings account through Fayda Pay’s partnership with Reijiro, you will receive a welcome kit from the bank. This comprehensive kit will contain essential information, including your account number, debit card, and other important details.
In summary, the process of opening an AU Bank savings account online with Fayda Pay partner Reijiro is straightforward and secure. By following these steps, you can easily establish a savings account from the convenience of your own home.