Current Accounts

You can choose the online or offline mode for opening a Current Account with AU Small Finance Bank.


Open Current Account Online

• Any resident individual or Sole Proprietor can apply for a Current Account online on our website.

 Open Current Account Offline

• You can visit your nearest Bank Branch
• You can alternatively apply for the Current Account by calling our customer care
  
  

A Current Account can be opened by an entrepreneur or any type of business enterprise, including proprietorship, companies, small-sized firms, organizations, among others.

Since the Current Account is a zero-interest account, businesses are not liable to pay taxes on the account.

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

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. 

Typically, current accounts do not earn interest on deposited funds. They are primarily for transactional purposes.

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.

The benefits of a Current Account include the ability to efficiently manage a large volume of receipts and payments, perform unlimited transactions through pay orders, cheques, or demand drafts, transfer funds anytime and anywhere using the bank’s business app, mobile app, or net banking, and enable seamless transactions via UPI or QR codes.

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.

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.

Yes, you can open zero-balance current account with our AU Power Account, which can be activated by completing a minimum of one transaction of INR 100 monthly on QR and POS.

Yes, you will receive a free Debit Card for all Current Account packages offered by AU Small Finance Bank.

Typically, current accounts do not earn interest on deposited funds. They are primarily for transactional purposes.

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.

A current account is essential for businesses and individuals to handle daily financial operations, payments, and transactions efficiently.

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.