Types of Savings Accounts offerings from AU Small Finance bank
AU Royale Account
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High interest rates
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Domestic airport lounge access
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Family Banking
₹1 lakh Average Monthly Balance
AU Platinum Savings Account
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High-interest rates
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25% discount on Locker rentals
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3 additional family members
₹25,000 Average Monthly Balance
AU Value Savings Account
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High-interest rates
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Service Requests via Video Banking
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24x7 access to your funds via AU 0101 App
₹5,000* Average Monthly Balance *T&Cs
AU Digital Savings Account
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Up to 6.75%* interest p.a.
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Monthly Interest Payments
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AU RuPay Platinum Debit Card
No Minimum Monthly Balance Required
AU Kisan Savings Account
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Up to 6.75%* p.a. Returns
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Monthly Interest Payments
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Flexible Balance Maintenance
AU Vikaas Savings Account
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Income Safeguard with Free Withdrawals
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High Interest with Monthly Payouts
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Zero Balance Savings Account
Which account is best for you?
AU Royale Account
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![Check Royale]()
Up to 6.75%* p.a. High interest rates
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![Check Royale]()
Additional 5 accounts Family banking
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![Check Royale]()
Yes Personal Relationship Manager
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![Check Royale]()
2.5% Lower cross-currency mark-up
AU Digital Savings Account
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![Check Black]()
Up to 6.75%* p.a. High interest rates
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![Close]()
No accounts Family banking
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![Close]()
No Personal relationship manager
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![Close]()
NA Lower cross-currency mark-up
AU Platinum World Account
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![Check Black]()
Up to 6.75%* p.a. High interest rates
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![Close]()
No accounts Family banking
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![Close]()
No Personal relationship manager
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![Close]()
NA Lower cross-currency mark-up
Assured benefits on all AU Savings Accounts
Get higher interest rates with AU
Account balance
₹1,00,000
Annual interest with AU Bank
₹2,529
Annual interest with other banks
₹2,529
Earn ₹0 more than other banks (assuming industry average interest rate of 2.5% )
Things to know
Savings Account: Open instant Account Online
At AU Small Finance Bank, your savings do more than sit in an account. With zero-balance opening and interest rates of up to 6.75%*p.a., your money grows consistently from day one and with monthly interest payouts, you start seeing the benefit sooner not at the end of a quarter.
An AU Savings Account keeps your money secure while giving you the flexibility to handle daily financial needs whether that's managing regular expenses or working toward longer-term goals. The AU 0101 app and NetBanking keep your account accessible whenever you need it.
Opening an AU Savings Account online takes just a few steps no branch visit, no paperwork. Enjoy seamless digital banking with IMPS, NEFT, and RTGS transfers, along with convenient ATM access. Transparent charges ensure clarity with no hidden fees.
How to apply
Opening an AU Savings Account is quick and easy. Follow these simple steps:
- Prepare Your Documents: Have your PAN and Aadhaar ready.
- Enter Personal Details: Fill in your personal information.
- Fund Your Account: Make an initial deposit to fund your new account.
- Open Your Account: Complete the process and start using your AU Savings Account.
Savings Account Interest Rates
Earn interest rate on savings account of up to 6.75%*p.a. with monthly interest payouts.
Know more about Savings Account Interest Rates
To learn more about the interest you can earn with AU Small Finance Bank, go to Savings Account Calculator.
Important Documents Required for Opening a Savings Account
A Savings Bank Account application requires KYC (Know Your Customer) documents for verification. Here's what you'll need: Listed below are the essential documents you will be required to submit:
| Address and Identity Proof |
| Aadhaar Card |
| Passport |
| Voter ID |
| Driving License |
| NREGA Job card signed by a State Government official |
| Letter issued by National Population Register |
Apply directly through the AU 0101 App, AU 0101 NetBanking or via video banking offered by AU Small Finance Bank
Income/Employment proof is mandatory for all customers (salaried and self-employed).
Instant Savings Account Opening with Video Banking Online
AU Small Finance Bank Video Banking lets you open a Savings Account without stepping into a branch. If you're 18 or older and have your KYC documents ready, the whole process happens over a short video call. Before you connect, keep the following within reach:
- A device with a camera and speaker (smartphone, laptop, or tablet) for real-time interaction with our video banker.
- Stable internet connectivity and a well-lit environment for optimal video quality.
- A blank sheet of paper and a pen to provide your signature during the call.
To begin video banking with our dedicated representative, simply click below.
How to Open a Savings Bank Account Online
Online Savings Account Opening Process: Three steps no paperwork, no branch visit.
- Enter your Aadhaar and PAN details
- Complete Aadhaar OTP verification
- Choose your preferred account variant and open your account
Offline Savings Account Opening Process: Contact your nearest Bank Branch with your KYC documents and passport-sized photographs. Branch Locator
Steps to Apply for an AU Savings Account
Here's how to get started:
- Prepare Your Documents: Have your PAN and Aadhaar ready.
- Enter Personal Details: Fill in your personal information.
- Fund Your Account: Make an initial deposit to fund your new account.
- Open Your Account: Complete the process and start using your AU Savings Account.
Monthly Interest Payout
Earn more with monthly interest payouts on selected savings accounts at AU Small Finance Bank no waiting for quarterly or annual credits. Rather than waiting for a lumpsum credit at the end of a cycle, account holders receive interest earnings at regular monthly intervals. It's a useful feature for anyone who relies on that income to cover regular expenses or wants a more predictable cash flow, without giving up the security and flexibility of a savings account.
How to Calculate Interest on Savings Account
As per RBI regulations, Savings Account interest is calculated daily based on your closing balance. This is how to calculate interest on Savings Account:
Savings Account Interest = (Daily Closing balance*Interest Rate * Number of Days)/365
If your daily balance amount is INR 1 lakh and interest on the Savings Account is 2.50%* per year, the computation will be:
Interest = ₹1,00,000 × (2.50 / 100) × 30 / 365
= ₹1,00,000 × 0.0250 × 30 / 365
= ₹205
Monthly Interest Payout
Earn more with monthly interest payouts on selected savings accounts at AU Small Finance Bank—no waiting for quarterly or annual credits. Rather than waiting for a lumpsum credit at the end of a cycle, account holders receive interest earnings at regular monthly intervals. It's a useful feature for anyone who relies on that income to cover regular expenses or wants a more predictable cash flow, without giving up the security and flexibility of a savings account.
How to Calculate Interest on Savings Account
As per RBI regulations, Savings Account interest is calculated daily based on your closing balance. This is how to calculate interest on Savings Account:
Savings Account Interest = (Daily Closing balance*Interest Rate * Number of Days)/365
If your daily balance amount is INR 1 lakh and interest on the Savings Account is 2.50%* per year, the computation will be:
Interest = ₹1,00,000 × (2.50 / 100) × 30 / 365
= ₹1,00,000 × 0.0250 × 30 / 365
= ₹205
What no one tells you Things to keep in mind while opening a Savings Account
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![<p>Choose the right savings account type: Understand the various savings account options offered by AU Small Finance Bank to select the one that best suits your financial needs and goals.</p>]()
Choose the right savings account type: Understand the various savings account options offered by AU Small Finance Bank to select the one that best suits your financial needs and goals.
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![<p>Prepare your documents: Gather all necessary documentation, such as identification and proof of address, and have them ready for submission. If you're funding your savings account through a remittance route, make sure you have the required information handy.</p>]()
Prepare your documents: Gather all necessary documentation, such as identification and proof of address, and have them ready for submission. If you're funding your savings account through a remittance route, make sure you have the required information handy.
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![<p>Provide accurate contact details: Ensure you share correct and up-to-date communication details, including your phone number, email address, and mailing address. This will facilitate smooth communication and updates from the bank.</p>]()
Provide accurate contact details: Ensure you share correct and up-to-date communication details, including your phone number, email address, and mailing address. This will facilitate smooth communication and updates from the bank.
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![<p>Be Video KYC-ready: If you plan on opening your savings account using the Video KYC process, ensure you have a compatible device and a stable internet connection for a seamless video call experience. This will help expedite the account opening process and enable you to start enjoying the benefits of your AU Savings Account sooner.</p>]()
Be ready for Video KYC: If you want to open your savings account using a video-based identity check, make sure you have a device that works with video calls. Also, check that your internet connection is stable. This will speed up opening your account and help you enjoy your AU Savings Account benefits sooner.
Why AU
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![<p>National presence</p>]()
National presence
Bank with us through a network of 2,700+ touchpoints .
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![<p>Get a bit more</p>]()
Get a bit more
Enjoy quality services at competitive rates.
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![<p>Visit branches without the wait</p>]()
Visit branches without the wait
Our ample touchpoints ensure all our customers are conveniently served.
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![<p>Superfast app</p>]()
Superfast app
Manage and track all your transactions on the AU 0101 App.
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![<p>Sustained growth</p>]()
Sustained growth
Expanding by every quarter, with a balance sheet of over ₹1 lakh crore.
Bank anywhere anytime, on the AU 0101 mobile app
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![View balance and transactions]()
View balance and transactions
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![Download account statement]()
Download account statement
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![Request cheque book]()
Request cheque book
40+ lakh customers banking on app
Our range of cards for your range of needs
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![Xpress EMI]()
Xpress EMI
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![Silverspoon Dining Program]()
Silverspoon Dining Program
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![300+ exclusive AU Rewardz]()
300+ exclusive AU Rewardz
Not sure which product is right for you?
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![Check Black]()
Personal assistance
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![Check Black]()
No spam
Customer support
24x7 help
Questions? Answers.
Why AU Small Finance Bank is the best bank for a Savings Account?
We are one of the best bank for savings account as we offer high interest rates and monthly interest credit that is much higher than the interest offered by many other banks. You can now instantly open an Savings Account online with video KYC facility via Video Banking.
What type of Savings Account should I open?
We at AU Small Finance Bank cater to the different needs of our customers. So, whether you are a woman, a senior citizen or a parent who wants to open a Savings Account for your children, we have exclusive account plans for everyone. We offer savings account with higher interest rates.
What is the minimum balance requirement in a Savings Account?
The average monthly balance required to open an AU Savings Account is INR 10,000/5,000 for Urban/Core Branches.
How can one choose the best Savings Account?
While searching for the best Savings Account, here are some of the pointers you should keep in mind:
- Assess your Needs
- Interest Rates
- Minimum Balance Criteria
- Ease of Online Access
- Debit Card Offers
How to open a savings account online with zero balance?
Head to the AU Small Finance Bank website or the AU 0101 mobile banking app, fill in your basic details, complete KYC using Aadhaar or PAN, and verify via OTP or video KYC. Certain account types don't require a minimum balance at all.
Which savings account offers the highest interest rate?
Rates shift across banks and account types, and they get updated periodically — so it's worth checking current offerings directly rather than going by older figures. AU Small Finance Bank currently offers up to 6.75%*p.a.
Can I open an online savings account instantly?
With digital KYC, yes — the setup moves quickly. Some features are available right away; a few others kick in once full verification is complete.
What documents are required for online bank account opening?
PAN and Aadhaar cover the basics, along with a mobile number linked to Aadhaar for OTP. Other valid ID or address proof documents are also accepted if needed.
What is the interest rate on savings account in India?
Across the industry, rates broadly fall between ~2.5%* to 7%* per annum — depending on the bank and the balance you maintain. AU Small Finance Bank offers up to 6.75%*p.a.
Which is the best zero balance savings account?
The best Savings account depends on what you're after. Features, ease of use, service quality, and charges all play a role — there's no single answer. AU Small Finance Bank has zero-balance digital savings account options worth a look.
How is interest calculated on savings account balance?
Interest is calculated on the daily closing balance and credited monthly to the account. AU Small Finance Bank offers monthly interest payouts on savings accounts, allowing customers to earn interest more
Can I open a bank savings account using digital KYC verification?
Yes — digital and video KYC are now standard across most banks, so you can get set up without visiting a branch.
How long does online savings account opening take?
The initial process can wrap up in minutes. Full activation — with all features enabled — may take a bit longer, depending on how quickly KYC is verified.
Disclaimer
‘T&C apply. Interest rates are subject to change at the sole discretion of AU Small Finance Bank. Please refer to https://www.au.bank.in/interest-rates/savings-account-interest-rates for latest rates’
