AU Small Finance Bank Unveils Full Savings Suite

Announcement

On 6 July 2026, AU Small Finance Bank (AU SFB), India's largest Small Finance Bank and the first in over a decade to receive in‑principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank, issued a press release announcing the launch of a full range of savings‑account products designed for every customer segment.

Savings‑Account Portfolio

The bank introduced eight distinct savings‑account variants: AU Digital (for fully online customers), AU Royale and AU Royale World (premium accounts with elevated privileges), AU Platinum (targeted at high‑value relationships), AU Value (a straightforward everyday option), AU Vikaas (focused on broader financial inclusion), AU Swadesh (catering to NRI banking needs), AU Kids (for young customers), and AU Kisan (for farmers). These products collectively address the needs of women, senior citizens, students, salaried professionals, NRIs, high‑net‑worth individuals, and other demographic groups.

Digital On‑boarding Process

AU SFB streamlined account opening through a completely digital workflow: applicants submit Aadhaar and PAN details, complete identity verification via a Video KYC call, and can immediately commence banking through the AU 0101 Mobile Banking App or the NetBanking platform, eliminating any requirement for a branch visit or physical paperwork.

Interest Rates and Monthly Payouts

All savings accounts carry competitive interest rates with monthly interest payouts, allowing customers to receive earnings more frequently while retaining liquidity. The bank provides an online Savings‑Account Interest Rate Calculator on its website, enabling prospective depositors to estimate expected interest income based on their projected balances before selecting an account.

AU 0101 Mobile Banking App and NetBanking

The AU 0101 app and NetBanking portal consolidate a full suite of digital banking services, including real‑time balance viewing, fund transfers via IMPS, NEFT and RTGS, UPI payments, utility‑bill payments, statement downloads, debit‑card management, fixed‑deposit opening, and secure request of additional banking services. The press release notes that millions of customers already rely on the app as their primary channel for everyday banking.

Key Benefits

Beyond digital convenience, the savings‑account suite offers monthly interest payouts, debit cards issued on RuPay, Visa and Mastercard networks, video‑banking support, extended banking hours, paperless operations, dedicated relationship management for select premium variants, family‑banking privileges on premium programmes, and access to a nationwide network of more than 2,700 banking touchpoints.

Bank Profile and Financials

AU Small Finance Bank Limited, a Scheduled Commercial Bank, commenced banking operations in April 2017 and has grown to become the largest Small Finance Bank in India. Founded in 1996 by Mr. Sanjay Agarwal, the bank is entering its tenth year as a bank. It operates over 2,700 touchpoints across 21 states and four union territories, serving more than 1.22 crore customers and employing over 59,000 staff. As of 31 March 2026, the bank reported shareholders’ funds of INR 19,974 crore, a deposit base of INR 1,52,661 crore, a total loan portfolio of INR 1,40,327 crore, and a balance‑sheet size of INR 1,91,797 crore. AU SFB is listed on the NSE and BSE; its fixed‑deposit instruments carry a CRISIL rating of AA+/Stable, while its long‑term debt is rated AA/Stable by CRISIL, ICRA Ltd. and CARE Ratings.

Regulatory Status and Disclosures

All AU Small Finance Bank savings accounts are offered subject to eligibility, internal policies and applicable terms and conditions, with account features, minimum balance requirements, fees and other charges governed by the bank’s current policies. Deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to the statutory limit per depositor per bank. The press release includes a disclaimer that savings‑account interest rates may be changed at the bank’s sole discretion without prior notice, and directs readers to the official website for the latest rates. The release was distributed under an arrangement with Business Wire India, with PTI stating it takes no editorial responsibility.