Virtual Account - Apply Online - AU Small Finance Bank
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Virtual Account Secure your fund transactions

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About Virtual Accounts

    With the help of Virtual Account numbers, the identification of funds received from different parties can be done and the original account number is masked. This makes the process of collecting information and MIS generation simple. The Virtual Account number of the payers can be tracked. The Virtual Account Numbers are always different from one’s own account number in the core banking system.



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Features

  • Unique identification: Virtual Account numbers make it possible to identify each payer separately
  • Simplified Process: Collecting information has never been more simple


Benefits

  • Easy Pay: Ease of reconciliation of account receivables due to availability of payers information
  • Money Managed: Improves fund management, cost saving for you as well as payers
  • Online Payment: Funds can be remitted to these virtual account numbers through NEFT & RTGS


List of Documents

  • Know Your Customer (KYC) documents


Empowering Customers