Savings Account
Saving Account Charges
3 min read
•
Nov 30, 2022
Table of contents
A Savings Account is one of the most popular and important financial products for most people. It can be used for various types of banking and financial transactions. In fact, a Savings Account is typically how people get introduced to the country's banking system.
Today, you can open a Savings Account online and start earning high interest. At AU Small Finance Bank, we offer various types of Savings Accounts with different features to cater to specific customers' needs. Depending on the type, various Savings Account charges are associated with it.
Read More: Choosing the Best Savings Account for Yourself
Let's look at AU Savings Account charges.
Fee for AU Savings Account
Parameters | Explanation & Fee Charges |
Maintenance fee | AU Savings Account has no maintenance or annual fee. However, the annual fee for AU Debit Card is INR 200. |
Average Monthly Balance (AMB) | AMB is the minimum balance in a Savings Account you need to maintain every month. The bank calculates AMB at the end of each month. For AU Savings Account, the minimum balance requirement is INR 10,000 for Urban branches and INR 5,000 for Core branches. |
Charges for non-maintenance of AMB | Charges for non-maintenance of AMB vary as per the Savings Accounts you choose. For AU Savings Account, below are the charges: Urban Branches:
Core Branches:
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Issuing subsequent chequebooks | Banks usually charge delivery fees for issuing subsequent chequebooks & it is INR 50 as part of chequebook delivery charges. |
Passbook issuance | A free passbook is issued at the time of the Savings Account opening process. AU Saving Account holders can get up-to-date information about their account anytime, anywhere using AU 0101 App/ NetBanking. |
DD/ cheque cancellation charges |
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Other free services you can enjoy with AU Savings Account | AU Small Finance Bank offers some of the free services that you can enjoy with an AU Savings Account:
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Key Takeaways:
A
Savings Account generally remains a crucial part of your financial management for your entire life. This is the account you'll probably be using as the anchor account for your finances.
Therefore, proper awareness regarding various fees and charges is a healthy financial practice you must adhere to while keeping your finances in order.
Always check the schedule of charges before you open your Savings Account.
* Terms and Conditions apply. Rates are subject to change at the sole discretion of AU Small Finance Bank.
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