AU Small Finance Bank is advancing India’s savings interest rate dynamics by offering up to 7.25% of offerings on select accounts. However, to harness the full earnings potential, you must select the most relevant product variant that suits your profile.
In this article, we share handy tips for finding the perfect AU savings match for your profile and extracting peak interest for your money. A savings account is the easiest way of growing your hard-earned money rapidly at zero risk.
Features of Savings Account
Key features of the AU savings account are:
- High interest – AU SFB offers attractive interest rates on savings accounts of up to 7.25% p.a.
- Rewarding debit card – VISA gold card provided with savings accounts comes with 1000+ discounts.
- Instant video KYC – Experience paperless real-time digital account opening process.
- Round-the-clock access – Get 24/7 access to banking with Internet and mobile banking.
- Personal assistance – Dedicated relationship managersi
- Extended hours – extended banking hours up to 6 pm
- Monthly payouts – Option to earn interest payouts every month
- Doorstep banking– Cash pick-up and delivery at home
With the winning combination of technology, convenience, and customer service, AU savings accounts deliver supreme value.
How to Open an AU Savings Account Online
Here are the key steps to open AU savings account online:
Step 1:
Visit AU Small Finance Bank’s website and click “Open Account” to reach the savings account page.
Step 2:
Go through the various savings account variants and choose the one that aligns with your eligibility and needs.
Step 3:
Provide essential personal and contact details in the digital application form.
Step 4:
Upload scanned copies of your photo ID and address proof for verification through fast, paperless KYC.
Step 5:
Schedule a quick video call with an AU representative for real-time KYC verification.
Step 6:
Make the initial funding transfer through convenient payment modes to activate your account.
Get the Best Interest Rates on AU Small Finance Bank Savings Accounts
AU Small Finance Bank empowers savers to earn a predictable income stream from their deposits by offering a monthly interest payout facility on select savings accounts. This innovative feature enables account holders to receive interest earnings on their balances at the end of every month rather than the conventional quarterly or annual payout cycles.
The monthly credits provide stabilized cash flows that can cover recurring expenses, supplement existing income, or drive new investments—thus flexibly aligning savings with liquidity needs. For senior citizens, it delivers regular earnings to meet retirement requirements reliably.
As compounding continues despite regular credits, wealth accrues at an accelerated rate. Your money keeps growing while funding your life goals consistently every month. With this unique proposition, AU Small Finance Bank makes savings accounts an income-generating asset on flexible terms.
AU Small Finance Bank calculates interest daily and credits it monthly into savings accounts. Increasing slab-wise balances attracts higher interest rates. For example, a ₹4 crore balance can earn up to 7.25% (highest slab). Rates applicable for balances above ₹ 10 crores must be checked with the Bank directly.
These are subject to periodic revisions per internal policies and bimonthly monetary policy decisions of the Reserve Bank of India. Maximizing your account balance can ensure the best returns on savings every day.
Conclusion
AU Small Finance Bank is advancing innovation in savings accounts with monthly income payouts and new-age digital banking channels. With customer delight as the core priority, AU Small Finance Bank makes your money work harder on flexible terms so you can bank innovatively and bank simply.
FAQs
- What is the frequency of interest payout?
Interest is calculated daily and paid monthly into your AU savings account.
- What interest rate do these savings accounts offer?
The accounts offer up to 7.25% interest per annum. Rates change according to the bank’s internal policies
