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Savings Account

At AU Small Finance Bank, we offer a superior banking experience that brings together convenience, security, and exceptional returns. With one of the highest savings account interest rates in the market, reaching up to 7.25%* p.a, we ensure that your hard-earned money works for you. By crediting interest monthly, you can enjoy the benefits of your savings even sooner.

  • Earn up to 7.25% Interest* p.a.
  • Monthly interest credits in your savings account
  • 225+ brand discount offers* on AU Debit Card
  • Instant Savings Account Opening through Video Banking
 

AU Savings Accounts - Our Offerings

AU Digital Savings Account is a Full-KYC Savings Account that you can open instantly with Video KYC, from anywhere and at any time.
  • Avg. Monthly Balance Zero
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Individuals
  • Special benefit Instant Account Opening

AU Royale
Enjoy banking with supreme privileges, exclusive discounts and personalized services with AU Royale.
  • Avg. Monthly Balance 1 Lakh
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Individuals
  • Special benefit Family banking program
Experience AU Royale World - our exclusive Premium Banking platform for NRI customers.
  • Avg. Monthly Balance 5 Lakh
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Individuals
  • Special benefit Privilege banking program
AU Platinum
Our AU Platinum program comes with a multitude of benefits, all of which you can avail as a family.
  • Avg. Monthly Balance 25,000
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Individuals
  • Special benefit Family banking program
AU Platinum World Program offers family banking proposition to enrich your banking experience with unmatched offers
  • Avg. Monthly Balance 1 Lakh
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Individuals
  • Special benefit Family Banking program
As a successful NRI, the world is your oyster. Choose a banking partner who will keep up with your dynamic needs. Our NRI Account is a unique offering to manage your overseas earnings with a host of benefits.
  • Avg. Monthly Balance 5000/month
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for NRIs and PIOs
  • Special benefit Attractive Pricing For Forex Transaction
A flagship offering, this account aims at providing you with a holistic and hassle-free banking experience through best-in-class features. You can save excess funds in this account and withdraw them anytime.
  • Avg. Monthly Balance 5000/2000
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Individuals
  • Special benefit Auto Upgrade

Whether you run a business, a household, or both, we will be your partner by offering you a seamless banking experience. Open an AU Women Account, tailored specifically for you.
  • Avg. Monthly Balance 5000/2000
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Women
  • Special benefit Family Banking
Enjoy your golden years by opening an AU Senior Citizen Account that is accompanied by perks such as extended banking hours, increased cash deposit limits, etc.
  • Avg. Monthly Balance 5000/2000
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Senior Citizens
  • Special benefit Exclusive Discounts
A student’s financial needs and demands differ from those of an adult, and we understand this well. Our Student Account is designed keeping specific student needs in mind and offers a host of benefits.
  • Avg. Monthly Balance Zero
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Students
  • Special benefit Avail Multiple Insurance Benefits
Financial literacy is an important life skill to teach your little ones. Inculcate this habit in your children while simultaneously saving for their future with our AU Kids Account.
  • Avg. Monthly Balance Zero
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Children
  • Special benefit Insurance Benefits
Managing the finances of an institution can be challenging. Our Institution Account is specifically designed to offer a seamless banking experience to institutions, making money management hassle-free.
  • Avg. Monthly Balance Zero
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Institution
  • Special benefit Customized Solution & Support
BSBDA account aims to bring as many people as possible under the banking purview, with best banking services along with attractive interest rates on your Savings Account.

  • Avg. Monthly Balance Zero
  • Interest earned Higher interest rate
  • Suited for Individuals
  • Special benefit Easy Application


Plant the seeds of financial growth with our exclusive Savings Account crafted for farmers! Enjoy high interest rates with monthly interest payments ensuring your hard-earned income grows as robustly as your crops.
  • Avg. Monthly Balance 2,000
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Farmers
  • Special benefit 2% cashback on debit card & AU 0101 spends
Savings Account for a better tomorrow. Embrace a brighter and prosperous future with the power of savings tailored for you. Enjoy high interest rates with monthly interest payments that make your money work harder.
  • Avg. Monthly Balance 10,000
  • Interest earned Up to 7.25%* interest p.a.
  • Suited for Individuals
  • Special benefit 5% cashback on debit card & AU 0101 spends
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Types of Savings Account

AU Small Finance Bank offers various savings accounts to suit customers' needs. AU Royale savings account provides premium services and privileges for high-balance customers, while AU Platinum savings account offers enhanced benefits, including higher interest rates and priority services.

The standard AU Savings Account caters to basic banking needs, and the AU Digital Savings Account enables seamless online banking with competitive interest rates and 24/7 access to funds. Each account type aims to provide a tailored banking experience, ensuring customers can efficiently manage and grow their wealth.

 

Savings Account Interest Rates

Earn interest rate of up to 7.25%* p.a. with monthly interest payouts into your account.

Know more about Savings Account Interest Rates

To learn more about the interest you can earn with AU Small Finance Bank, go to Savings Account Calculator.

 

Important Documents Required for Opening a Savings Account

To apply for a Savings Bank Account, you must submit KYC (Know Your Customer) documents for verification. Listed below are the essential documents you will be required to submit:

Identity Proof:

  • Aadhaar Card
  • Passport
  • Voter ID
 

Address Proof:

  • Aadhaar Card
  • Passport
  • Utility Bill
  • Voter ID

In addition to this, you must submit two passport-sized photographs and the application form. Existing customers of AU Small Finance Bank can apply for a Savings Account through AU 0101 App or AU 0101 NetBanking.

 

Instant Savings Account Opening with Video Banking (Online)

Experience the convenience of opening a Savings Account from the comfort of your own home with AU Small Finance Bank Video Banking. If you're 18 years or older and have the necessary KYC documents, you can seamlessly open a Savings Account through our virtual banking platform. To ensure a smooth and efficient video call, please prepare the following essentials:
  • A device with a camera and speaker (smartphone, laptop, or tablet) for real-time interaction with our video banker.
  • Stable internet connectivity and a well-lit environment for optimal video quality.
  • A blank sheet of paper and a pen to provide your signature during the call.

To begin video banking with our dedicated representative, simply click below

 

Offline Savings Account Opening Process:

Contact your nearest Bank Branch with your KYC documents and passport-sized photographs.

Branch Locator

 

Monthly Interest Payout

AU Small Finance Bank offers a monthly interest payout feature on select savings accounts, providing customers with a consistent income stream. This option allows account holders to receive interest earnings on their deposits at regular monthly intervals, instead of waiting for the typical quarterly or annual payouts. The monthly interest payout feature is ideal for individuals seeking a predictable cash flow to support their financial needs or supplement their income, while still enjoying the security and flexibility of a savings account.

 

Key Features of Savings Account

  • Monthly Interest Credits
Benefit from a savings account interest rate of up to 7.25%* p.a., with monthly interest credits deposited directly into your account
 
  • Visa Gold Debit Card
Receive a Visa Gold Debit Card to access over 1000 curated lifestyle privileges, offers, and discounts from top brands across India.
 
  • Video Banking
Open Savings Account effortlessly with our 100% paperless Video Banking facility, available to both new and existing AU Small Finance Bank customers.
 
  • Dedicated Relationship Officer
Enjoy the assistance of a dedicated Relationship Officer, serving as your single point of contact for all your banking and financial needs.
 
  • Easy Access to Funds
Access your funds 24/7 through the AU 0101 App or AU 0101 Net Banking, with additional features like flight and hotel booking, mobile recharge, and applications for various products and services
 
  • Extended Banking Hours
Take advantage of extended banking hours and visit any AU Small Finance Bank branch until 6 pm^.
 

Benefits of Savings Account

An AU Savings Account is an ideal solution for all your banking needs. Here are some of the advantages of opening an AU Savings Account:
  • Experience hassle-free fund deposits without the need for deposit slips, streamlining your banking experience.
  • Take advantage of doorstep banking services, such as cash/cheque pick-up and delivery, for added convenience.
  • Effortlessly automate bill payments using your Visa Gold Debit Card.
  • Safeguard your money while working towards your financial objectives.
  • Cultivate financial discipline by managing your savings effectively.
 

How to Calculate Interest on Savings Account

As per the RBI regulation, a Savings Account interest rate is determined every day depending on your closing balance. This is how to calculate interest on Savings Account:

Savings Account Interest = Daily balance*(Number of Days)*Interest / (Days in a Year)

If your daily balance amount is INR 1 lakh and interest on the Savings Account is 4% per year, the computation will be:

1 lakhs*30*(4/100) / 365 = INR 328.76

 

Tips to Keep in Mind While Opening a Savings Account

When opening an AU Savings Account, it's essential to keep the following tips in mind to ensure a seamless process:
  • Choose the right savings account type: Understand the various savings account options offered by AU Small Finance Bank to select the one that best suits your financial needs and goals.
  • Prepare your documents: Gather all necessary documentation, such as identification and proof of address, and have them ready for submission. If you're funding your savings account through a remittance route, make sure you have the required information handy.
  • Provide accurate contact details: Ensure you share correct and up-to-date communication details, including your phone number, email address, and mailing address. This will facilitate smooth communication and updates from the bank.
  • Be Video KYC-ready: If you plan on opening your savings account using the Video KYC process, ensure you have a compatible device and a stable internet connection for a seamless video call experience. This will help expedite the account opening process and enable you to start enjoying the benefits of your AU Savings Account sooner.
 

Savings Account FAQs

Q1. Why AU Small Finance Bank is the best bank for a Savings Account?

We are one of the best bank for savings account as we offer high interest rates and monthly interest credit that is much higher than the interest offered by many other banks. You can now instantly open an Savings Account online with video KYC facility via Video Banking.

Q2. What type of Savings Account should I open?

We at AU Small Finance Bank cater to the different needs of our customers. So, whether you are a woman, a senior citizen or a parent who wants to open a Savings Account for your children, we have exclusive account plans for everyone. We offer savings account with higher interest rates.

Q3. What is the minimum balance requirement in a Savings Account?

The average monthly balance required to open an AU Savings Account is INR 5,000/2,000 for urban/core branches.

Q4. How can one choose the best Savings Account?

While searching for the best Savings Account, here are some of the pointers you should keep in mind:
  • Assess your Needs
  • Interest Rates 
  • Minimum Balance Criteria 
  • Ease of Online Access
  • Debit Card Offers

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