Overview

AU Small Finance Bank, a scheduled commercial bank regulated by the Reserve Bank of India, announced a new savings‑account offering that provides slab‑based interest rates rising to 7% per annum for balances ranging from ₹100 crore to less than ₹750 crore. The interest is calculated on the daily closing balance and credited every month, allowing the credited amount to compound immediately.

Product Features

  • The account is liquid; funds are available at any time through the AU 0101 mobile app, UPI, IMPS, NEFT, RTGS or any branch.
  • No lock‑in period and no market‑risk exposure; unlike fixed deposits or debt mutual funds, the balance does not fluctuate with market movements.
  • Deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) in accordance with RBI rules.
  • Interest slabs increase as the balance grows, with the top slab offering up to 7% p.a. for eligible high‑value balances.
  • Monthly interest credit contrasts with many banks that credit quarterly, providing a steadier cash flow for customers.

Eligibility & Opening Process

Any Indian citizen aged 18 years or older with valid KYC documents can open the account. The digital onboarding steps are:

1. Visit the AU Small Finance Bank website or download the AU 0101 app.

2. Enter mobile number, Aadhaar number and PAN details.

3. Complete a short Video KYC call with a bank official.

4. Account is activated instantly for use.

Customers may also visit a branch or contact customer care for assistance.

Account Variants

AU Small Finance Bank offers several branded savings accounts to suit different customer segments, including:

  • AU Royale for chartered accountants and company secretaries.
  • AU Ivy and AU Eternity for premium banking.
  • AU Platinum and AU Platinum World for enhanced features and cross‑border banking.
  • AU Value, AU Kids, and AU BSBDA for everyday and basic banking needs.

All variants are linked to the AU 0101 app, enjoy monthly interest credit, and provide digital banking services.

Bank Profile

  • Founded in 1996; commenced operations as a small‑finance bank in April 2017.
  • Serves more than 1.25 crore customers through over 3,000 banking touchpoints across 21 states and 4 union territories.
  • Employs approximately 58,000 staff.
  • As of 30 June 2026, the balance‑sheet size stood at ₹1,97,125 crore.
  • Rated AA+ / Stable by CRISIL Ratings.
  • Listed on NSE and BSE.

Disclaimers

The 7% rate applies only to balances from ₹100 crore to less than ₹750 crore; rates are subject to change at the sole discretion of AU Small Finance Bank. Terms and conditions apply; for the latest rates, visit www.au.bank.in.