What is AMB requirement in AU Power Current Account?

AMB requirement for Power Current Account is Rs. 10,000. This would be waived off if at least one AU QR code or POS collection transaction is done in a month, with minimum transaction value of greater than or equal to INR 100.

Is it compulsory to opt for a POS machine or a QR code for Opening a Power Current Account?

Yes, it is mandatory to opt for AU Bank QR Code or POS machine with Power Current Account.

Does the Power Current Account earn interest?

No, Current Accounts are zero-interest accounts and do not earn any interest.

How do I open a Power Current Account?

You can open a Power Current Account with us by reaching out to your nearest branch. You can also apply online, fill up the online form and wait for our representative to get back to you. You can even call us on 1800 1200 1200 or email us at customercare@aubank.in to understand the product better before you open the account.

When will I get the QR code opted for while opening the AU Power Current Account?

The AU Bank QR code would be provided right at the time of account opening.

Power Current Account For Shopkeepers, Traders

AU Power Current Account

Our AU Power Current Account is a special offering for shopkeepers, traders, wholesalers, and manufacturers etc. who accept digital payments from customers daily. And by linking your AU Small Finance Bank QR code or POS machine with your Current Account, you can get a host of special benefits to make banking easy and convenient.

Features and Benefits

Benefits of AU Power Current Account

Receiving Payments from customers becomes easier:
- Cheque collection: You can avail free local and outstation cheque collection services at any of our locations across country.
- Digital collection options: Receive payments through RTGS, NEFT, IMPS, UPI, and Intra-Bank Fund Transfers.
- Free AU QR code and UPI: With our AU Power Current Account, 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 3 lakhs or five times the previous month's AMB, whichever is higher. The maximum free limit is INR 10 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.
- Cheque payments: You get 100 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, Retail and Corporate NetBanking.
- Free Debit Card: You also receive a Visa Business Gold 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.

Additional Benefits:

Waiver on AMB non maintenance charges*: Just do at least one AU QR code or POS collection transaction of INR 100 or more in a month in your Current Account & you won’t have to worry about AMB non-maintenance charges.
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.
Doorstep Banking: You can experience the premium facility of cheque & cash pickup/ delivery at your registered address^^.
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 Bharat Bill Payment System (BBPS), NETC FASTag, and more for business purposes.

^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 Power Current Account, please click here.

PARAMETERS	Charges Applicable
Product Average Monthly Balance (AMB)	INR 10,000 at Urban Branch and INR 5000 at Core Branch
Charges for Non-Maintainence of Average Monthly Balance (AMB)	Urban Branch - If AMB is below INR 5000 then INR 1000, If AMB between INR 5000 to 10000, then INR 500 ; Core Branch - If AMB is below INR 2500 then INR 500, If AMB between INR 2500 to 5000, then INR 250 Note :Waiver of AMB Non Maintenance charges on successfully completing one collection transaction via AU Small Finance Bank QR code or PoS machine in a month . Min Transaction value should be of greater than or equal to INR 100.
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 3 lacs; or ii) 5 times of Previous month AMB Maximum free limit INR 10 lacs Charges beyond free limits is INR 4/1000 (Min. INR 50) Free limit applicable in account opening month is INR 3 Lakhs Note :To be eligible for monthly Cash Deposit free limit, a minimum average monthly balance (AMB) of INR 5,000 for an Urban Branch & INR 2,500 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	Up to 1 Lakh : INR 2 per transaction ; Above 1 Lakh : INR 10 per transaction
RTGS Payments at Branch	INR 10 per transaction
IMPS	Up to 10,000: INR 2.5 >10,000 to 1,00,000: INR 5 >1,00,000: INR 15
UPI/ Intra Bank Fund Transfer - Payments and Collections	Free
Cheque Book & Demand Draft (DD)
Issuance of Cheque Book	Free 100 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 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 Gold
Debit Card Annual Fees	INR 200
Cross Currency Mark-up	3.5%
ATM Transactions at AU Small Finance Bank ATM	Free
ATM Transactions at other bank ATM	5 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 charges will be charged.
Cheque Pick-up	INR 100 per visit
Other Charges
AEPS Mini Statement	Free
SMS Insta Alerts	30 ps./sms Subject to maximum of INR 15 per quarter
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.