Gateway to Digital Life. Download AU 0101.

AU Platinum Trade

Exclusive Benefits for all business needs of Cross Border Trade
 
Apply Now

Top features of AU Platinum Trade

AU Platinum Trade – Your Ultimate Trade Finance Solution

    AU Small Finance Bank brings to you AU Platinum Trade a uniquely designed account for businesses dealing in domestic and international trade transactions. Tailored to cater to your business needs, AU Platinum Trade offers simplified and convenient trade finance solutions, ensuring a hassle-free experience. Now seamlessly manage all your domestic and cross-border transactions with ease and enjoy day-to-day transaction management like never before with AU Platinum Trade; Your gateway to streamlined trade finance.

Features and Benefits

Benefits of AU Platinum Trade Account

  • Flexibility to maintain either Quarterly trade Throughput of USD 25 Thousand equivalent or Average Quarterly Balance of INR 1 Lakhs
  • Nil Tracer and overdue bill charges
  • Dedicated Trade Advisory Desk
  • Standard flat pricing of INR 400 for all cross-border transaction services like:
    • Advance/ Direct Imports
    • Import/ Export Bills
    • Foreign Outward/ Inward Remittances
    • E BRC
    • FIRC Charges
  • Free limit per month will be Higher of following:
    • Min INR 40 lacs; or
    • 20 times of Prev month AMB
    • Max free limit INR 250 lacs
  • 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.
  • Cheque payments- You get 250 free cheque leaves per month, ensuring you can make all your payments without worry.
  • Multiple collection modes: With various options to choose from, customers can make payments free of cost through NEFT/RTGS/IMPS/IFT. 
  • Seamless transactions: Eliminate tedious processes, let your customers switch to an easier choice - free of cost through our QR code and UPI facility. 
  • Bank locations: All your cheque collections can be received free of cost at our bank locations, whether local or outstation. 

Documents Required for opening AU Platinum Trade

You will need to furnish the following documents to open an AU Platinum Trade Current Account with us:

  • Duly filled Account Opening Form
  • PAN 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**
  • Import Export Certificate (IEC) (if applicable)
  • Beneficial Ownership** Declaration
  • Initial funding cheque as per account variant
  • Credit facility declaration

Fees and Charges

PARAMETERS AU Platinum Trade
Product Criteria. Quarterly Trade Throughput equivalant to USD 25 Thousand or AQB of INR 1,00,000
Charges for Non-Maintenance of Quarterly Trade Throughput (QT) & Average Quarterly Balance (AQB) If QT < 25,000 USD or AQB < INR 1,00,000 then INR 2000
Cash Transactions
Cash Withdrawal at any AU Bank Branch Free
Cash Deposit at any AU Bank Branch Free limit per month will be Higher of following
i) Min INR 40 lacs; or
ii) 20 times of Prev month AMB
Max free limit INR 250 lacs
Charges beyond free limits is INR 4/1000 (Min. INR 50) 
Free limit applicable in account opening month is INR 40 Lakhs

Note: Min AMB of INR 50000/- is required for 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
Collections & 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 250 leaves per month; thereafter INR 2 per leaf
Local & Outstation Cheques Collections at AU 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) Free 5 cheques per month, thereafter 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)   Uasage
Card Type Visa Business Platinum
Debit Card Annual Fees Free
Cross Currency Mark-up 3.5%
ATM Transactions at AU Bank ATM Free
ATM Transactions at other bank ATM 20 free transactions. Thereafter, INR 21 per financial transaction and INR 10 per non-financial transaction
ATM declines due to insufficient funds Free at AU Bank ATMs, INR 10 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 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 adhoc account statement (sent through courier)
Issuance of subsequent Cheque Book delivery fess Free
Trade Services
Advance Import INR 400
Direct Import INR 400
Import Bills (Under LC or Collection) INR 400
Foreign Outward Remittance (Non-Import) INR 400
Export Bills (Under LC or collection) INR 400
Export Bills for regularization (Export against Advance Remittance or Bills sent directly by customer) INR 400
Export LC Advising INR 400
Inward Remittances Free
E BRC Free
FIRC Charges Free
SWIFT INR 400
Domestic Courier Charges Free
Additional charges on account of payment out of EEFC account or any other foreign currency account 0.15% of remittance amount
International Courier charges 1000
  • In AQB the charging would be on calander quarter basis (Eg- April- June, July-September etc)
  • EEFC Balances will be part of AQB Calculation
  • QT includes transactions like Inward Remittances, Outward remittances, export bill handling, all types of import and export payments

Eligibility Criteria

All business enterprises (Private Limited and Public companies, Partnership Firms, LLP, Proprietorship firms etc.) or Individual professionals are eligible for opening AU Platinum Trade account.

How to Apply for AU Platinum Trade Account

  • Visit a branch: With numerous touchpoints across India, you can visit your nearest branch to apply for an AU Platinum Trade Account.
  • Call customer care: Call our customer care number 1800-1200-1200 to apply for an AU Platinum 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 Platinum Trade Current Account by filling in your details in the online form. A representative will contact you to complete the process. 

AU Platinum Trade FAQs

 

Q1. Is AU Platinum Trade Account mandatory for Business?

AU Platinum Trade Account is a special offering for entities who have domestic and international trade transaction. It is not mandatory, but highly recommended.

Q2. Who can open AU Platinum Trade Account?

All business enterprises (Private Limited and Public companies, Partnership Firms, Proprietorship firms, LLP etc.) or Individual professionals are eligible for opening AU Platinum Trade Account.

Q3. How do I open AU Platinum Trade Account?

You can visit our branch, call Customer care, or apply online to open AU Platinum Trade Account.

Q4. Is IEC Required for AU Platinum Trade Account?

IEC would be required for opening AU Platinum Trade Account only for an exporter and importer. For entities engaged in Cross Border Services, no IEC is required.

Q5. Does the AU Platinum Trade Account earn interest?

No.

For offer related T&C's please click here

T&C Apply

Need more information for seamless trade transactions across the globe?

Please contact your nearest branch or call us on toll-free number 1800 1200 1200.

*Not applicable for Individual and Sole Proprietorships

Blogs & Articles