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AU Senior Citizen Savings Account

Best-in-class services for senior citizens

Top Features of AU Senior Citizen Savings Account

About AU Senior Citizen Savings Account

    Retirement is often considered to be life’s golden phase. By this time, your children are settled, professional deadlines are in the past, and you can finally reap the benefits of all your hard work. You can travel, spend time with your grandkids, pursue hobbies and even learn new skills. 

    At AU Small Finance Bank, we believe that banking should be just as enjoyable and fruitful during this phase. That's why our Senior Citizen Savings Account is tailored to meet your needs and aims to make banking extremely convenient with perks such as high-interest rates, monthly interest payouts, extended banking hours, etc. Contact your nearest branch to get the process of opening an account started!

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Features of Senior Citizens Savings Account

  • High-interest rates: Earn up to 7%* p.a. on your Savings Account & receive monthly interest payouts. For details, visit Savings Account Interest Rates
  • Dedicated relationship officer: Enjoy the services of a dedicated Relationship Officer who will act as your single point of contact across all your banking and financial needs.
  • Higher rates on fixed deposits: Enjoy preferential interest rates on Fixed Deposits and earn a special up to 0.50% extra on your investments with the option of monthly and quarterly interest payout.
  • Banking at your convenience: No need to visit a branch; now get all your banking transactions & other service requests executed from the comfort of your home with the help of our Video Banking facilities.
  • Paperless banking: Enjoy the convenience of depositing funds into your account without the hassle of using a deposit slip.
  • Priority servicing: Walk right up to the dedicated senior citizen desk available at every branch for a quick resolution of your banking requirements.
 

Other Benefits of Senior Citizens Savings Account

  • Special pricing: Enjoy a flat 50% discount on Locker rentals.
  • Feature-rich Debit Card: Enjoy special offers from leading brands with your VISA Gold Debit Card with enhanced insurance coverage.
  • Relationship convenience: Enjoy the benefits of meeting your account balance requirement either through savings balances or with Fixed Deposits.
  • Stay connected: Get instant alerts on your banking transactions free of cost.
  • Special benefits: Our unique offerings include increased cash deposit limits and additional insurance benefits.
  • Beyond banking: Stay updated on the latest happenings with our monthly newsletter.
 

Eligibility Criteria

If you are an Indian citizen residing in India and are 60 years old or above, you can open a Senior Citizen Savings Bank Account with us, India's best Small Finance Bank.
 

How to Apply for Senior Citizens Savings Account?

You can open an account with us through any of these options:
  • Video Banking: You can now open an AU Senior Citizen Savings Account through our Video Banking service by clicking here. All you need is your PAN card, Aadhar card, and funds for initial funding.
  • Call Customer Care: You can also apply for AU Senior Citizen Savings Account by calling our customer care number 1800-1200-1200.
  • Visit your nearest branch: Walk into the closest AU Small Finance Bank branch with your KYC documents and passport-sized photographs. You can fill in the application form at the branch to get the process started.

Service Fees for Senior Citizen Savings Account 

As India's best Small Finance Bank, we believe in complete transparency and provide you with a list of charges for the services offered. These include charges for your Debit Card, payment and collection services, transactions, and delivery fees. For more details, please refer to our Service Fee Reckoner.
 

Recommended products:

AU Royale Account, AU Platinum Account, AU Digital Savings Account

 

FAQs

 

Q1. What is a Senior Citizen Savings Account?

Banks offer a senior citizen account to individuals who are or above the age of 60 years. It offers higher interest rates compared to a regular savings account. Senior Citizen Saving Account holders can also enjoy a plethora of special services such as minimal documentation, personalized service, extended banking hours, etc.

Q2. What are the interest rates on a Senior Citizen Savings Account?

Interest rates are important when you choose a savings account plan. We offer attractive rates with a monthly payout of interest to manage your cash flows. Click here for more information on interest rates for senior citizens.

Q3. What is the average account balance required to open a Senior Citizen Savings Account?

The average monthly balance required to open a Senior Citizen Savings Account is INR 5,000/2000 for urban/core branches. Alternatively, maintain a Fixed Deposit of INR 25,000/-. For a list of branch categories, kindly click here List of branches with urban/core categorization to be provided.

Q4. Are there any age criteria to open a Senior Citizen Savings Account?

Yes, to open up a Senior Citizen Savings Account, you must be 60 years and above. If you do not meet this criterion, we offer other Savings Accounts that can fit your needs.

* Terms and Conditions apply. Rates are subject to change at the sole discretion of AU Small Finance Bank.

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