How To open a Current Account with AU Small Finance Bank | AU Small Finance Bank
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How to Open a Current Account with AU Small Finance Bank?

    While a Savings Account is ideal for personal use, business owners need a Current Account for their extensive banking needs. At AU Small Finance Bank, you can avail different types of Current Accounts with various benefits to facilitate everyday business transactions.

    You can apply for a Current Account in AU Small Finance Bank in more than one way, depending on your convenience:

    • Branch Visit: You can visit your nearest branch and open a Current Account in person.
    • Online Form: You can even open a Current Account online by filling out the online form.  We will then contact you to complete the documentation.
    • Customer Care: You can alternatively apply for a Current Account by dialing our customer care number 1800-1200-1200 or emailing us at [email protected].
    • Relationship Manager: Existing customers can get in touch with their dedicated Relationship Managers to find out more about the process.

    Let’s get to know more about Current Accounts offered by AU Small Finance Bank, their benefits, and how to open an account.

     

    What are the Uses of a Current Account?

    The purpose of Current Account is to facilitate businessmen such as proprietors, partnership firms, public and private companies, trust, association of persons, etc. that have a large number of daily banking transactions, i.e. receipts and/or payments. It enables businessmen to carry out their business transactions properly and swiftly.

    It is a non-interest-bearing business account that allows you to do limitless transactions, higher cash deposit limits, free cash withdrawals, an overdraft facility, and more, to better fulfil the banking needs of business owners. 

     

    Types and Benefits of Current Accounts Offered by AU Small Finance Bank

    • Regular Current Account

    A Regular Current Account helps to address the banking needs of wholesale buyers, traders, and producers. You can avail a wide range of handcrafted service packages including Basic, Value, Maximum, Premium, and Exclusive. Some of the features of the account are as follows:

    • Low Current Account Opening Minimum Balance
    • Ability to make payments to customers free of cost through NEFT/RTGS/IMPS/IFT
    • Receive payments from customers using our QR Codes, POS & Payment Gateways
    • Make higher & flexible cash deposits
    • Transfer funds to vendors using AU 0101 App, Retail & Corporate NetBanking
     
    • Vishesh Current Account

    The AU Vishesh Current Account offers the best-in-class banking experience to medium sized businesses. Below are some of the features of the account:

    • Avail sweep-in and sweep-out facility
    • Free cheque pick-up service
    • Receive free payments starting from a minimum of INR 7.5 lacs or 10 times of previous month AMB (Account Monthly Balance), maximum up to INR 20 lacs, whichever is higher
    • Avail Visa Business Platinum Debit Card with exciting offers
    • Free access to online banking anytime, anywhere using AU 0101 App, Retail, and Corporate NetBanking
    • Power Current Account

    The AU Power Current Account simplifies digital payment collection for retail merchants, shopkeepers, traders, wholesalers, manufacturers, etc. One can accept digital payments by simply linking the AU Small Finance Bank QR or POS machine with the Current Account.

    • Access digital payment methods such as a free AU Small Finance Bank QR code and UPI
    • Minimum cash deposit limit of INR 3 lacs or 5 times of previous months’ average minimum balance, whichever is higher. The maximum free limit is 10 Lacs
    • Free local and outstation cheque collection services
    • Free cash withdrawals from any of our branches or ATMs
    • Get a Visa Business Gold Debit Card
     

    What Documents are Required to Open a Current Account with AU Small Finance Bank?

    Here are the documents you’ll need to open a Current Account with AU Small Finance Bank-

    • Duly filled Account Opening Form
    • KYC documents
    • PAN of business entity
    • Address proof of the business entity
    • PAN and OVD of Authorised Signatories
    • Credit facility declaration
    • Beneficial ownership declaration
    • Initial account funding cheque
     

    Business Banking Made Easier with AU Small Finance Bank

    A Current Account from AU Small Finance Bank provides access to innovative features and benefits that can support your growth and make business banking easier.

    Visit AU Small Finance Bank’s website to know more about the Current Accounts offered by the bank and choose one that best meets your banking needs.


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