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AU Swadesh Current Account

Apply For AU Swadesh Current Account

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Top features of AU Swadesh Current Account

AU Swadesh Current Account

    AU Swadesh Current Account is a unique transaction-based account, designed keeping in mind the transaction behaviour and segment specific requirements. The account provides the flexibility in terms of balance maintenance and monthly transactions.

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Features and Benefits

Features of AU Swadesh Current Account

  • Transaction Based Account: Minimum 5 Transactions (debit or credit) and total transaction value of INR 25000/- in a month or Average Monthly Balance of Rs 10,000.
  • Zero AMB Non-Maintenance Charges: No AMB Non-Maintenance charges will be levied in the account.
  • Cash Deposit Limit: Free cash deposit limit# of 15X of previous month's maintained AMB (Average Monthly Balance), maximum up to INR 200 lacs. Minimum free limit applicable in first 3 months including account opening month is INR 10 Lacs.
  • Cheque payments: You get 150 free cheque leaves per month, ensuring you can make all your payments without any worry.
  • Feature Rich Debit Card: Get a complimentary Visa Platinum Business Debit Card that provides High transaction limits, purchase protection, enhanced insurance coverage, and offers* & discounts across leading brands in India.
  • Monthly cashback: Enjoy 2% monthly cashback up to INR 100 on a minimum non-fuel Debit Card spend of INR 2500 per month.

Other Benefits of AU Swadesh Current Account

  • Online Banking: Enjoy the convenience of banking at any time through AU 0101 and Corporate NetBanking.
  • Doorstep Banking: Make the most of our cheque pickup and cash pickup/delivery facility at your registered business address^^.
  • Cash Management Services: Keep track and manage cash efficiently with various options such as Virtual Account Management, Bulk Upload, Employee Salary Solutions, etc.
  • Extended banking hours: Enjoy the freedom to conduct your banking activities on your own time, deposit cheque till 5pm and cash till 6.0pm^.
  • Cash Withdrawals: Free cash withdrawals from any of our branches or ATMs.
 

*Offers are subject to change

For more details on product features and documentation, please contact your nearest branch or call us on toll-free number 1800 1200 1200.

^^Available at select locations

^Not applicable in some select locations. To know your branch timings, click here.

#Cash Deposit limits will be applicable basis meeting previous month AMB criteria

Fees and Charges

For complete details on fee and service charges, click here 
 
Eligibility Criteria
Parameters Particulars
Product Criteria Minimum 5 Transactions (debit or credit) and total transaction value of INR 25000/- in a month
or
Average Monthly Balance of Rs 10,000
Charges for Non Transaction/ Non Maintenance Nil
Cash Transactions
Cash Withdrawal at any AU Small Finance Bank Branch Free
Cash Deposit at any AU Small Finance Bank Branch If product criteria is met in a month:
i) Minimum INR 5 Lakhs; or
ii) 15 times of previous month AMB
Maximum free limit is INR 200 Lakhs
 
Charges beyond free limits is INR 4/1000 (Min. INR 50)
 
If product criteria* is not met in a month:
All Cash deposits will be charged @ INR 4/1000 (Min. INR 50)
 
Minimum free limit applicable in account opening month is INR 5 lakhs
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 (Daily)-
Upto INR 100 : Nil
Above INR 100 : 5% on entire amount of coins deposited
Remittances & Payments
NEFT /RTGS Collections  & Payments (Digital) Free
NEFT Payments at  Branches Up to 1 Lakh : INR 2 per transaction ;  Above 1 Lakh : INR 10 per transaction
RTGS Payments at Branch INR 10 per transaction
IMPS  Free
UPI/Intra Bank Fund Transfer - Payments and Collections Free
Cheque Book & Demand Draft (DD)
Issuance of Cheque Book Free 150 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 INR 50 per cheque or range of cheques in series
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 AUFSB locations and at correspondent bank locations Free
DD Cancellation/ Revalidation INR 100 per instance
Debit Card & Automated Teller Machine (ATM)  Usage
Card Visa Platinum Business
Debit Card Annual Fees Free
Cross Currency Mark-up 3.50%
ATM Transactions at AU Small Finance Bank ATM Free
ATM Transactions at other bank ATM 10 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:
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 charge will be charged.
Cheque Pick-up Rs 100 per visit
Other Charges
AEPS Mini Statement Post 5 free transaction, INR 3 per transaction
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 Rs 50 towards delivery fees
Issuance of subsequent Cheque Book Free
Issuance of adhoc account statement (sent through courier) Rs 50 towards delivery fees

Documents Required for AU Swadesh Current Account

You will need to furnish the following documents to open a Swadesh Current Account with us:

  • Duly filled Account Opening Form
  • PAN Number of Entity (In Sole Proprietorships, same is required of Proprietor)
  • KYC documents of the entity as per customer type
  • Address proof in the name of the entity if different from entity proof
  • Official Valid Documents of Authorized Signatories & Beneficial Owners**
  • Beneficial Ownership** Declaration
  • Initial funding cheque as per account variant
  • Credit facility declaration

**Not applicable for Individual and Sole Proprietorships

Eligibility Criteria

All business enterprises (Private Limited and Public companies, Partnership Firms, Proprietorship firms, Cooperative societies, Hindu Undivided Families etc.) or Individual

How to apply for AU Swadesh Current Account?

  • Visit a branch: Product available only at Swadesh branches (as defined by Bank), kindly visit nearest branch for more details
  • Call customer care: Call our customer care number 1800-1200-1200 to apply for an AU Swadesh Current Account, and a representative will get in touch to guide you with further steps.
  • Apply online: Log on to AU Small Finance Bank’s official website and apply for your AU Swadesh Current Account by filling in your details in the online form. A representative will contact you to complete the process.

*Offers are subject to change

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