One thing that is common among small, medium, and large enterprises is that all these businesses deal with a lot of transactions on a daily basis. Effective cash management forms a crucial part of building a sustainable business, which is why having a Current account in place is more than necessary. Let’s learn about the Current Account & how you can open a Current Account online & offline.
A Current Account is a non-interest-bearing bank account, mainly used to service the needs of the businesses. Current Accounts allow for more transaction limits on cash deposits and withdrawal within or outside city. Current Account can be opened by individuals, sole proprietorships, partnership firms, private and public limited companies, HUFs/ specified associations, Societies, Trusts etc.
The Current Account is a non-interest-bearing account
Enables higher cash deposits & withdrawals within or outside city
Overdraft Facility available to businesses based on business transactions, financial documents and average balance maintained in the account
The minimum balance requirement varies as per the type of Current Account
Enjoy extended banking hours^ for carrying out transactions
Avail Debit Card facility based on the Current Account packages
Manage day-to-day business transactions & payments with ease
It helps evaluate the actual profit or loss scenario
The Overdraft facility enables you to cover up the shortfall of funds
Transfer funds digitally through online platforms like Netbanking, Mobile Banking etc.
At AU Small Finance Bank, you can choose from the following types of Current Accounts considering your business requirements:
Manage day-to-day transactions with ease & choose from a range of packages including Basic, Value, Maximum, Premium & Royale Business.
Allows your customers & partners to transfer funds free of cost through various channels like NEFT, RTGS, IFT, or IMPS. Similarly, receive payments without incurring charges using QR code and UPI facility
Flexible cash deposit limits in all packages
Get a free Business Debit Card with all Current Account packages
Targeted at medium-sized enterprises, the AU Vishesh Current Account gives you the opportunity to save more using Auto Sweep-in and Sweep-out facility.
Enables higher free cash deposit limit of up to 10 times of previous month AMB, with maximum limit of INR 20 lakhs
Customers can easily transfer funds using NEFT/RTGS/IFT/IMPS
Free cash withdrawals and free access to AU 0101 App, Retail & Corporate NetBanking
Suitable for traders, shopkeepers, wholesalers, manufacturers & merchants alike can open AU Power Current Account with us.
Enables merchants to set up AU QR Code or POS at the time of account opening
Waiver of AMB non-maintenance charges on successful completion of 1 collection transaction of INR 100 or more via AU QR or POS
Send or receive digital payments from partners using RTGS, NEFT, IMPS, UPI, and Intra-Bank Fund Transfers
The minimum cash deposit limit of INR 3 lakhs, while the maximum free limit is INR 10 lakh.
Now you can apply for a Current Account online with ease, right from the comfort of your home. Select the Current Account type, fill up an online form & then you will receive a call from our representative to assist further.
You can visit your nearest AU Small Finance Bank branch to open a Current Account in-person.
You can also get in touch with our Customer Care at 1800-1200-1200, or reach us via [email protected].
Existing customers can connect with their dedicated Relationship Manager or Branch Manager to open a Current Account online.
If you own a business, opening a Current Account is a wise choice, & with AU Small Finance Bank, you can avail a host of benefits. You can choose to open either Regular Current Account, AU Vishesh Current Account, AU Power Current Account or AU Royale Business depending on your needs.
^Not applicable in some select locations. To know your branch timings, click here.