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AU Royale Business
Program

Top features of AU Royale Business Program

    About AU Royale Business Program

     

    AU Royale Business program offers superior banking experience and best in class solutions with a host of benefit and privileges. Family banking, special pricing on business products, domestic airport lounge access are some perks you get with this account from India’s best Small Finance Bank.

Features and Benefits

Features of AU Royale Business Program

  • Power-packed Debit Card: Get AU Royale Business Debit Card with 5 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
  • Dedicated Relationship Manager: Enjoy the services of a dedicated Relationship Manager who will act as the single point of contact for you and your entire family.
  • Special Series Account Number: You get the option to choose a special series account number for your account.
  • Family Banking Program: Group Current and Saving Accounts of your family members and ensure that their business banking needs are taken care of.
  • Fee Waivers: Waiver of setup fees for Virtual Account collection (non-cash), Cheque Printing, Nach and E-Nach.
  • Preferential Processing Fee: Special Processing Fee on Bank Guarantees, letter of Credit, Auto and Personal Loans.
  • State-of-the-art Digital Banking: Instant access to your funds through AU 0101 App and NetBanking. What’s more, you can even book flights, hotels, recharge your mobile, and apply for a host of products and services. 

Benefits of AU Royale Business Current Account

  • Higher Cash Deposit Limit: Enjoy higher cash deposit of 25 times of previous month AMB up to INR 5 Crores.
  • Free Cheque leaves: Unlimited free cheque leaves to meet your business requirements.
  • Exclusive Debit Card: Get an exclusive Royale Business Debit Card with host of offers, higher withdrawal limits & enhanced insurance coverage.
  • Seamless banking: Experience an exclusive Royale Service desk at our branch for priority processing and get priority access to our phone banking services.
  • Extended banking hours: Enjoy the freedom to conduct your banking activities on your own time with extended business hours^.
  • Doorstep banking: Make the most of our cheque pickup and cash pickup/delivery facility at your registered business address^^. 
  • No deposit slips: Our services are more convenient as no deposit slips are required to make deposits.
 

For more details on product features and documentation, please contact your nearest branch or call us on toll-free number 1800 1200 1200.

^^Available at select locations

^Not applicable in some select locations. To know your branch timings, click here.

Service Fees for AU Royale Business Current Account

As India's largest 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
 
PARAMETERS
Charges Applicable
Product Average Monthly Balance (AMB)
INR 5,00,000 (grouped current account only)
Charges for Non-Maintainence of Average Monthly Balance (AMB)
Nil for M+3 months (M is account opening month)
If balance maintained across grouped current account is less than INR 2,50,000/-, then the primary relationship will be charged INR 1000/-
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 100 lacs; or
ii) 25 times of Previous month AMB
Maximum 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 :To be eligible for monthly Cash Deposit free limit, a minimum average monthly balance (AMB) of INR 2,50,000 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
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 Small Finance 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 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 Signature Business
Debit Card Annual Fees
Free
Cross Currency Mark-up
1.5%
ATM Transactions at AU Small Finance Bank ATM
Free
ATM Transactions at other bank ATM
50 free transactions. Thereafter, INR 20 per financial transaction and INR 8 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:
10 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 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.

Eligibility for AU Royale Business Program

  • The applicant and/or the entire family’s Current Accounts linked to a group must maintain a cumulative average monthly balance of more than INR 5,00,000.
  • For Partnerships, LLP, Private Limited, Public Limited, OPC only savings account of the Authorized signatory and/or Directors/Partners and group company current accounts can be grouped. For Individual, proprietorship and HUF family saving accounts can be grouped.
  • Only eligible Current & Savings Accounts of close/blood related family members can be grouped.
  • Grouping of accounts will be done at the sole discretion of the Bank.

How to apply for the AU Royale Business Program?

You can apply for the AU Royale Business Program by reaching out to us in any of the below ways you feel comfortable:

  • Visit your nearest branch: Walk into your closest branch with your KYC documents and passport-sized photographs. You can fill in the application form at the branch to get the process started.
  • Call Customer Care: You can also apply for AU Royale Savings Account by calling our customer care number at 1800-1200-1200.

Documents required for AU Royale Business Current Account.

  • You will need to furnish the following documents to open a Royale Business Current Account with us:
  • Duly filled Account Opening Form
  • PAN Number 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
  • Initial funding cheque as per Current Account package
  • Credit facility declaration
  • Customer Consent Form

FAQs

Q1. What is an AU Royale Business Program?

AU Royale Business Program is our flagship Business program that brings you, best-in-class banking experience and solutions with a host of benefits and privileges. This program entitles you to a distinctive AU Royale Business Debit Card (only for eligible customers), with benefits like 2 free movie tickets and 2 airport lounge access opportunities per quarter. Plus, you get delightful pricing benefits on, LC/BG, payment gateways, QR, POS, Car Loans, Lockers, and a Relationship Manager who takes care of all your financial needs. What’s more, your chequebook and Debit Card are specially branded, just the way our Royale Business customers are special to the Bank.

Q2. What Does Grouping mean in AU Royale Business Program?

A group in an AU Royale Business Program is defined as a family of blood relationships such as parents, children, spouse, siblings, grandparents, and grandchildren. All family members are entitled to the same benefits. A maximum of 10 members/entities are allowed in a group.

Q3. What is the Minimum balance requirement in AU Royale Business Program and what happens if in case the balance falls below the required limit?

You need to maintain INR 5 Lac Average Monthly Balance across all grouped Current Accounts. Failure to meet balance criteria could lead to applicable charges being levied. For more information on the same, kindly refer to the AU Royale Business Service Fee Reckoner
 

For offer related T&C's please click here

T&C Apply

* Not applicable for Individual and Sole Proprietorships

 

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