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AU Exclusive Current Account

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    AU Exclusive Current Account

    Our AU Exclusive Current Account is designed for large businesses with higher & flexible limits to help you meet all kinds of banking needs.

Features and Benefits

Receiving Payments from customers becomes easier:

  • Cheque collection: You can avail free local and outstation cheque collection services at any of our locations across the country.
  • Digital Collection options: Choose from RTGS, NEFT, IMPS, UPI, and Intra-Bank Fund Transfers.
  • Free AU QR code and UPI:  You can access digital payment methods such as a free AU Bank QR code and UPI.
  • 24x7 cash deposits: We provide 24x7 cash deposits through our convenient cash deposit machines.
  • Cash deposit limit: You get a minimum cash deposit limit of INR 100 lakhs or Twenty-five times the previous month's AMB, whichever is higher. The maximum free limit is INR 500 lakhs.
  • Point of Sale (POS) and Payment Gateways: You have access to POS and payment gateway services.

Making payments to your vendors and suppliers is convenient:

  • Digital payment options: Choose from RTGS, NEFT, IMPS, UPI, and Intra-Bank Fund Transfers to pay your partners.
  • Payment Convenience: Enjoy free service of RTGS, NEFT, IMPS and Intra-Bank Fund Transfers from Branch.
  • Cheque payments: You get 500 free cheque leaves per month, ensuring you can make all your payments without worry.
  • Cash withdrawals: When in need of cash, you can avail of free cash withdrawals from any of our branches or ATMs.
  • Online Banking: Enjoy the convenience of banking at any time through AU 0101 App, AU 0101 NetBanking and Corporate NetBanking.
  • Free Debit Card: You also receive a Visa Business Platinum Debit Card, giving you a host of benefits and offers.
  • Demand Drafts: You also get unlimited DDs that are payable at all our bank locations and correspondent bank locations.
  • Doorstep Banking: 10 free visit per month for cash pickups. You can experience the premium facility of cheque & cash pickup/ delivery at your registered address^^.
 
AMB of INR 500,000 to be maintained for availing the package benefits to suit your growing business requirements. Our Current Account is designed to help businessmen like you with your day-to-day transactional needs and provides a wide range of handcrafted service packages - Basic, Value, Maximum, Premium, and Exclusive. Choose any of these packages as per your requirements.

Additional Benefits:

  • Dropline Overdraft: Basis on your QR transactions, you can get access to our Dropline Overdraft facility#
  • Extended banking hours: Enjoy the freedom to conduct your banking activities on your own time with extended business hours^.
  • Tax payments: We will help you understand your tax payments and make them in a timely fashion.
  • Cash management services: You have access to services such as virtual account management, bulk upload, employee salary solutions that make your job as a business owner much easier.
  • Other features: You also get access to NETC Bharat Bill Payment System (BBPS), FASTag, and more for business purposes.
 
Note: New account opening has been discontinued for select customer types, kindly contact branch for more information
^Not applicable in some select locations. To know your branch timings, click here.
^^Available at select locations.
#Terms & Conditions apply.
 
 

Fees and Charges

To understand the fees and service charges applicable on our AU Current Account, please click here
 
PARAMETERS
Charges Applicable
Product Average Monthly Balance (AMB)
INR 5,00,000 at Urban Branch and INR 2,50,000 at Core Branch
Charges for Non-Maintainence of Average Monthly Balance (AMB)
Urban Branch - If AMB is below INR 1,25,000 then INR 1000, If AMB between INR 1,25,000 to 2,50,000 then INR 500   ; 
Core Branch - If AMB is below INR 62,500 then INR 500, If AMB between INR 62,500 to 1,25,000 then INR 250 
Cash Transactions
 
Cash Withdrawal at any AU Small Finance Bank Branch
Free
Cash Deposit at any AU Small Finance Bank Branch
Free limit per month will be Higher of following
i) Minimum INR 100 lacs; or
ii) 25 times of Previous month AMB
Maximum free limit INR 500 lacs
Charges beyond free limits is INR 4/1000 (Min. INR 50)
Free limit applicable in account opening month is INR 100 Lakhs


Note :To be eligible for monthly Cash Deposit free limit, a minimum average monthly balance (AMB) of INR 2,50,000 for an Urban Branch & INR 1,25,000 for a Core Branch is required to be maintained. Failure to maintain this balance will result in lapse of free Cash Deposit limits for the next month
Low Denomination Notes (LDN) & Coins Deposit
Low Denomination Notes (Daily) -
Upto INR 10 Thousand : Nil
Above INR 10 Thousand  : 0.5% of the LDN deposited
(Min Amount : INR 50/-)
Coins -
Upto INR 100 : Nil
Above INR 100 : 5% on entire amount of coins deposited to charged
Remittances & Payments
 
NEFT /RTGS Collections  & Payments(Digital)
Free
NEFT Payments at  Branches
Free
RTGS Payments at Branch
Free
IMPS 
Free
UPI/ Intra Bank Fund Transfer - Payments and Collections
Free
Cheque Book & Demand Draft (DD)
 
Issuance of Cheque Book
Free 500 leaves per month; thereafter INR 2 per leaf
Local & Outstation Cheques Collections at AU Small Finance Bank Locations
Free
Stop Payment of Cheques through Net / Mobile  / Phone Banking / ATM
Free
Stop Payment of Cheques through Branches
Free
Instrument / Instruction issued such as Inward Cheque / ECS/ NACH/) from your account, returned due to Insufficient Funds
INR 500 per instance
Return Handling Charges for Other bank cheques deposited in your account but could not be processed and hence returned (Local / Oustation)
INR 100 per cheque
Demand Draft payable at AU Small Finance Bank locations and at correspondent bank locations
Free
DD Cancellation/ Revalidation
INR 100 per instance
Debit Card & Automated Teller Machine (ATM)  Usage
 
Card Type
Visa Business Platinum
Debit Card Annual Fees
Free
Cross Currency Mark-up
3.5%
ATM Transactions at AU Small Finance Bank ATM
Free
ATM Transactions at other bank ATM
50 free transactions. Thereafter, INR 21 per financial transaction and INR 10 per non-financial transaction
ATM declines due to insufficient funds
Free at AU Small Finance Bank ATMs, INR 25 per instance at Other Bank ATM
ATM Transactions at other bank ATMs outside India
Financial  - INR 100 per instance ; Non-Financial  -  INR 25 per instance
ATM Pin Generation
Free
Replacement of lost / stolen card
INR 150 per instance
Door-step Banking
 
Cash Pick-up/Delivery
On-Call Service:
10 free visit per month (upto INR 5 lacs per visit), thereafter -
Upto INR 2 Lacs - INR 750/-
INR 2 Lacs to less than INR 5 lacs - INR 1100/-
INR 5 Lacs to less than INR 10 lacs - INR 1800/-
Above 10 lacs - Contact Branch
Beat Service:
Upto INR 2 Lacs - INR 2000/- per month
INR 2 Lacs to less than 5 lacs- INR 5000/- per month
INR 5 Lacs to less than INR 10 lacs - INR 14000/- per month
Above INR 10 lacs- Contact Branch


Note : Branch Cash deposit/withdrawal not considered. For Beyond City limit locations, actual charges will be charged.
Cheque Pick-up
Free
Other Charges
 
AEPS Mini Statement
Free
SMS Insta Alerts
Free
Issuance of Monthly and Half Yearly Email Statement
Free
Issuance of adhoc account statement from Branch
Issuance of Duplicate Passbook
Charge Slip Retrieval
Outstation Cheque Collection - Corresponding & other Bank locations
INR 50 charged towards delivery fees
Issuance of subsequent Cheque Book
Issuance of adhoc account statement (sent through courier)
 

TERMS AND CONDITIONS

  • The above-mentioned charges is effective 1st June, 2023 and is applicable until further modified
  • Core and Urban Branch categories basis location mapping as defined by the Bank
  • ^Branch cash deposit / withdrawal not considered
  • SMS Insta Alerts are sent for day end balance/transactions above a threshold / low balance
  • Charge will be applicable on quarterly basis for customers who have subscribed for SMS alert facility
  • Alerts that have been mandated by RBI as well as alerts which are deemed appropriate by the Bank, will be sent free of charge.
  • Other Free Services: Standing Instruction Maintenance, Dormancy. Activation, Card Hotlisting, Replacement of Damaged Cards, Duplicate Statements, Balance Enquiry, Account Closure, E-mail Alerts, Record retrieval, Banker's verification (Address / Signature / Photo)
  • Abbreviations / short-forms used: 'INR Indian Rupee, 'p.m.' per month, < less than, > greater than, 'min' minimum, 'max' - maximum, 'ATM' Automatic Teller Machine, 'RTGS' Real Time Gross Settlement, 'NEFT' National Electronic Fund Transfer, 'PAP' Payable at Par, 'DD' Demand Draft, 'ECS' Electronic Clearing System, 'SMS' - Short Message Service, 'NACH' National Automated Clearing House
  • Accounts  not having a 'customer induced transaction' (ATM withdrawal, cheque deposit, online transactions, etc.) for a continued period of 2 years shall be treated as Dormant / Inoperative a/c.
  • The service charges levied by the bank or interest credited by the bank shall not be considered as a 'customer-induced transaction'
  • Doorstep Banking service is available at selective location with sole discretion of AU Small Finance Bank
  • The above charges are subject to revision with a prior intimation of 30 days to all account holders. Closure of account due to revision of charges will not be subject to account closure charges
  • Charges mentioned are exclusive of GST. The applicable taxes / cesses are subject to change from time to time
  • The terms and conditions, as defined by AU Small Finance Bank, apply. Please refer www.aubank.in for further details
  • Doorstep Banking service is available at select locations with sole discretion of AU Small Finance Bank. For beyond city limit services, the actual service charges will be applicable to customer on case to case basis.
  • "Free limit - For new accounts, cash deposit free limit basis AMB criteria will be applicable effective from M3 onwards. e.g. for accounts opened in January, cash deposit limit in April will be provided basis March AMB.

Documents required for AU Exclusive Current Account

  • Duly filled application form
  • PAN of entity (In Sole Proprietorships, same is required of Proprietor)
  • KYC documents of the entity, as per the type of customer
  • Address proof of the entity
  • Official valid documents of authorized signatories and beneficial owners*
  • Beneficial ownership* declaration
  • FATCA CRS details
  • Initial funding cheque
  • Credit facility declaration
 
* Not applicable for Individual and Sole Proprietorships
For more details on product features and documentation, please contact your nearest branch or call us on our toll-free number 1800-1200-1200.

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