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AU Royale Trade Account

Elevate your Global Business with AU Royale Trade.
 

Top features of AU Royale Trade Account

AU Royale Trade – Your All-in-One Trade Finance Solution

    Experience convenient and efficient trade finance management with AU Royale Trade Account. It is meticulously designed to simplify both domestic and cross-border transactions, offering you unparalleled ease with our streamlined trade finance solutions. Enjoy hassle-free day-to-day transaction management in a specially designed current account that offers exceptional value tailored to your business. Explore the possibilities and elevate your trade finance experience with AU Royale Trade Account.

Features and Benefits

Benefits of AU Royale Trade Account

General Account Benefits

  • Flexibility to maintain either Quarterly trade Throughput of USD 3 lakh equivalent or Average Quarterly Balance of INR 5 Lakh
  • Nil Tracer and overdue bill charges
  • Dedicated Trade Advisory Desk at Branch
  • Nil charges on all cross-border transaction services like:
    • Advance/ Direct Imports
    • Import/ Export Bills
    • Foreign Outward/ Inward Remittances
    • E BRC
    • FIRC Charges

Cash deposit Limit-AU Trade 100: Enjoy higher cash deposit of 25 times of previous month AMB up to INR 5 Crores

Power-packed Debit Card:

  • Get Visa Business Debit Card with5 lakhs withdrawal and spending limits each
  • 1% monthly cashback up to INR 200 on non-fuel spending of minimum INR 2500 p.m.
  • 8 domestic airport lounge access in a year (2 visits per quarter). Click here for the lounge list.
  • Lowest Cross - Currency mark-up fee at 1.5%
  • Higher Insurance Coverages
  • Card Liability Cover - INR 5 lacs
  • Purchase Protection - INR 50000
  • Air Accident Cover - INR 1 crore
  • Personal Accident Cover - INR 10 lacs
  • Loss of Baggage - INR 2 Lakhs
  • Exclusive VISA offers. Click here to know more

Free Cheque leaves: Unlimited free cheque leaves to meet your business requirements

Multiple collection modes: With various options to choose from, customers can make payments free of cost through NEFT/RTGS/IMPS/IFT. 

Documents Required for opening AU Royale Trade

You will need to furnish the following documents to open an AU Royale Trade 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**
  • Beneficial Ownership** Declaration
  • Import Export Certificate (IEC) (if applicable)
  • Initial funding cheque as per account variant
  • Credit facility declaration

Fees and Charges

PARAMETERS AU Royale Trade
Product Criteria. Quarterly Trade Throughput equivalant to USD 3 lakh or AQB of INR 5 Lakh Required
Charges for Non-Maintenance of Quarterly Trade Throughput (QT) & Average Quarterly Balance (AQB) If QT < 3 Lakh USD or AQB < INR 5,00,000/- then INR 3,000
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 100 lacs; or
ii) 25 times of Prev month AMB
Max free limit INR 500 lacs
Charges beyond free limits is INR 4/1000 (Min. INR 50)
Free limit applicable in account opening month is INR 100 Lakhs
Note: Min AMB of INR 250000/- 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
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 10 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 Signature Business
Debit Card Annual Fees Free
Cross Currency Mark-up 1.5%
ATM Transactions at AU Bank ATM Free
ATM Transactions at other bank ATM 50 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 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:
5 free visit per month (upto INR 5 lacs per visit), thereafter -
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 Free
Direct Import Free
Import Bills (Under LC or Collection) Free
Foreign Outward Remittance (Non-Import) Free
Export Bills (Under LC or collection) Free
Export Bills for regularization (Export against Advance Remittance or Bills sent directly by customer) Free
Export LC Advising Free
Inward Remittances Free
E BRC Free
FIRC Charges Free
SWIFT Free
Domestic Courier Charges Free
Additional charges on account of payment out of EEFC account or any other foreign currency account  0.10% of remittance amount
International Courier charges 500
  • 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 Royale Trade account.

How to Apply for AU Royale Trade Account

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

AU Royale Trade Account FAQs

 

Q1. Is AU Royale Trade Account mandatory for Business?

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

Q2. Who can open AU Royale Trade Account?

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

Q3. How do I open AU Royale Trade Current Account?

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

Q4. Is IEC Required for AU Royale Trade Account?

IEC would be required for opening AU Royale Trade Account only for Exporter and Importer. For entities engaged in Cross Border Services, no IEC is required.

Q5. Does the AU Royale 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

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