AU Bank

AU Small Finance Bank is a dynamic and customer-centric financial institution dedicated to serving the diverse financial needs of individuals and businesses. With a commitment to financial inclusion and innovation, AU Bank has become a trusted name in the Indian banking sector. Whether you're looking for comprehensive banking services, convenient digital solutions, or personalized financial support, AU Small Finance Bank stands as a reliable partner on your financial journey. Our mission is to empower our customers with the tools and resources they need to achieve their financial goals while providing a seamless and rewarding banking experience. Welcome to AU Small Finance Bank, where your financial well-being is our top priority.

AU Bank Saving Account 

At AU Small Finance Bank, we believe in transparency and customer-centric banking. We offer a range of Savings Accounts tailored to meet the diverse needs of our customers. It's essential to be aware of the associated charges to make informed financial decisions. Our fee structure is designed to be fair and straightforward. While there are nominal charges for certain services, such as the issuance of subsequent chequebooks or non-maintenance of the Average Monthly Balance, we also provide a host of free services, ensuring that your banking experience remains accessible and convenient. We encourage our customers to review the schedule of charges and terms and conditions to ensure they have a clear understanding of their banking costs. With AU Small Finance Bank, you can bank with confidence, knowing that your financial well-being is our top priority.

A Savings Account is a fundamental and widely used financial product for most people, serving as a gateway to the banking system. Nowadays, it's convenient to open a Savings Account online and start earning attractive interest rates. AU Small Finance Bank offers a range of Savings Accounts, each tailored to specific customer needs. Depending on the type of account, there are associated charges, and it's essential to be aware of them.

AU Bank Account Charges

Let's delve into the AU Bank Account Charges Maintenance Fee:

AU Savings Account itself doesn't have an annual maintenance fee. However, there is an annual fee of INR 150 for the AU Debit Card.

Average Monthly Balance (AMB):

AMB is the minimum balance you must maintain in your Savings Account each month, calculated at the end of the month. For AU Savings Accounts, the minimum balance requirement is INR 5,000 for Urban branches and INR 2,000 for Core branches.

Charges for Non-Maintenance of AMB:

If you fail to maintain the required AMB, charges vary based on the type of Savings Account:

For Urban Branches:

• If AMB falls below INR 2,500, a fee of 5% of the shortfall amount, up to a maximum of INR 200, applies.
• If AMB is maintained between INR 2,500 and INR 5,000, a fee of 5% of the shortfall amount, up to a maximum of INR 100, is charged.

For Core Branches:

• If AMB is below INR 1,000, a fee of 5% of the shortfall amount, up to a maximum of INR 100, is levied.
• If AMB is maintained between INR 1,000 and INR 2,000, a fee of 5% of the shortfall amount, up to a maximum of INR 50, is applicable.

Issuing Subsequent Chequebooks:

There is a fee of INR 50 for issuing subsequent chequebooks as part of the delivery charges.

Passbook Issuance:

A passbook is issued for free when opening a Savings Account. AU Savings Account holders can also access account information through the AU 0101 App or NetBanking.

DD/Cheque Cancellation Charges:

If you need to cancel a Demand Draft (DD), there's a charge of INR 100 per instrument. For cheque retrieval per instruction, the charge is INR 50 per cheque.

Additionally, AU Small Finance Bank offers several free services with its Savings Accounts, including unlimited cash withdrawals at branch locations, unlimited Debit Card transactions at AU Bank ATMs, unlimited online payments via various channels, zero charges for cash deposits up to INR 2 lakh per month, unlimited Demand Drafts payable at AU Bank and correspondent bank locations, stop cheque services through AU 0101 App/NetBanking/Phone Banking, local cheque collections, and issuance of monthly and half-yearly email statements. Customers can also enjoy up to 5 free transactions per month at non-AU Small Finance Bank ATMs.

conclusion

In conclusion, a Savings Account is a cornerstone of financial management, and it's essential to be aware of associated fees and charges. Always review the schedule of charges before opening your Savings Account to make informed financial decisions. Please note that rates and terms and conditions are subject to change at AU Small Finance Bank's discretion., understanding the charges associated with your AU Savings Account is a crucial aspect of responsible financial management. AU Small Finance Bank offers a transparent fee structure, ensuring that customers are aware of any applicable charges. While certain fees exist, such as those for non-maintenance of the Average Monthly Balance or the issuance of subsequent chequebooks, the bank also provides numerous free services, making banking more convenient and accessible. It's essential to stay informed about these charges, as they play a vital role in maintaining a healthy financial balance. Always review the schedule of charges before opening your Savings Account to make informed financial decisions and enjoy a seamless banking experience with AU Small Finance Bank.