Top Features of AU Current Account
About Our Current Accounts
Empowering your business every day.
Experience seamless banking designed to keep your business moving forward. AU Current Accounts offer flexibility, convenience, and smart features that help you manage transactions effortlessly.
Whether you’re a growing enterprise or an established business, our solutions are tailored to support your unique needs.
What’s More – Exclusive Benefits
- Bulk Payments: Make up to 4,000 payments with a single file upload
- Easy Loans: Quick access to loans for first-time borrowers
- Preferential Pricing: Special rates on trade services
- Smart Payment & Collection Solutions: Designed for smooth day-to-day operations
- Doorstep Banking: Enjoy convenience delivered to your location
Open your AU Current Account today and give your business the edge it deserves.
Frequently Asked Questions
What is a Current Account?
A Current Account is designed to facilitate day-to-day financial transactions for businesses. AU Small Finance Bank offers various features for their Current Account, including flexible cash deposit limits, extended banking hours, free debit cards, and special facilities for different account packages.
What are the Benefits of a Current Account?
The benefits of a Current Account include the ability to efficiently manage a large volume of receipts and payments, perform unlimited transactions using methods like pay orders, cheques, or demand drafts, transfer funds anytime and anywhere using the bank's mobile app or net banking, and seamless transactions using UPI or QR codes. Additionally, there are no limits or restrictions on withdrawals and deposits, and doorstep cheque pickup and delivery services are available.
How to Open a Current Account?
You can open a Current Account with AU Small Finance Bank through online or offline modes. In the online mode, any resident individual or Sole Proprietor can apply for a Current Account online on our website. In the offline mode, you can visit the nearest bank branch or apply by calling customer care.
What Documents Are Required for Current Account Opening?
To open a Current Account, you'll need an application form, the PAN number of the business (or the proprietor in sole proprietorships), KYC documents based on the business type, address proof in the name of the entity, Beneficial Ownership Declaration, FATCA Declaration, official valid documents of authorized signatories and beneficial owners, and an initial funding cheque as per the chosen Current Account package.
Please note that the bank may also offer recommended products like Escrow Account, Nodal Account, RERA Account, Corporate Mobile Banking, and Corporate NetBanking.
Is there a Zero-Balance Current Account option?
Can an individual open a Current Account?
The information provided doesn't specify eligibility criteria for individuals, but typically, Current Accounts are designed for businesses. Individual account holders usually opt for Savings Accounts for their personal banking needs.
Why is a current account needed?
A current account is essential for businesses and individuals to handle daily financial operations, payments, and transactions efficiently.
What is the difference between savings account and current account?
The difference between savings account and current account is that a savings account is meant for saving and typically earns interest, while a current account is for frequent transactions without interest but with added features.
Who can open a Current Account?
A Current Account can be opened by an entrepreneur or any type of business enterprise, including proprietorship, companies, small-sized firms, organizations, among others.
Is Current Account taxable?
Since the Current Account is a zero-interest account, businesses are not liable to pay taxes on the account.
How to open a Current Account without a GST number?
It is necessary to set up a Current Account for any financial transaction for your business and it is not mandatory to get a GST number to open a Current Account.
What is the minimum balance required to open a Current Account with AU Small Finance Bank?
We have multiple current account variants, to fulfil the needs of various business segments. You can choose any of the variant starting from AU Current Account Basic with product AMB of INR 10,000/- to Royale Business program with CA group AMB of INR 5,00,000/-. Our Merchant specific variant Platinum Business has higher cash deposit limits and free QR sound box with product AMB of INR 1 Lakh.
Is there any interest paid on Current Accounts?
The Current Account bears no interest as it is a business account.
Is there an ATM card with the Current Account?
Yes, you will receive a free Debit Card for all Current Account packages offered by AU Small Finance Bank.
Is there any interest paid on funds in the Current Account?
Typically, current accounts do not earn interest on deposited funds. They are primarily for transactional purposes.
