Feature-Rich Debit Card
The AU Gold Debit Card offers access to 100+ deals and discounts across leading brands and can be issued to children aged 10 years and above
High-Interest Rates
Earn high interest rates on your savings, with monthly interest payments to help you grow your money consistently
No Account Balance Non-Maintenance Charges
Enjoy a zero-balance account with no charges for non-maintenance of balance
24x7 Banking
Use AU 0101 App / NetBanking and Phone Banking at your convenience with the 24x7 ‘anywhere banking’ feature.
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Customized Limits
Enjoy the freedom and flexibility to customize the card’s limit for your child’s usage.
Banking At Your Convenience
No branch visits needed. Complete your banking transactions and service requests from home with Video Banking
No Deposit Slip
Deposit money in your child's account without filling deposit slips. The process is quick and smooth.
Enhanced Insurance Coverage
Avail of multiple insurance benefits with your Debit Card such as card liability insurance, purchase protection, and personal accident cover.
Things to know
How to apply
There are two ways to apply:
AU Bank website
AU Bank branch
Eligibility
If your child is a resident of India, is under 18 years of age, and has the necessary government-issued KYC documents, he/she can open an AU Kids Savings Account.
Rates & charges
We, India's best Small Finance Bank, believe in complete transparency and provide you with a list of charges for the services we offer. These include charges for your Debit Card, payment and collection services, transactions, and delivery fees. For more details, please refer to our Service Fees.
Why AU
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National presence
Bank with us through a network of 3,000+ touchpoints.
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Get a bit more
Enjoy quality services at competitive rates.
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Visit branches without the wait
Our ample touchpoints ensure all our customers are conveniently served.
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Superfast app
Manage and track all your transactions on the AU 0101 App.
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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
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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
Not sure which product is right for you?
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Personal assistance
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No spam
Customer support
24x7 help
Frequently Asked Questions (FAQs)
What is a Kids Savings Account?
A minor’s savings bank account is a Savings Account for children under the age of 18 years. Such an account can be used by the child and managed by a parent or guardian. The interest rate is generally high, and the child can use the account to save money and multiply it with monthly interest. A Kids Savings Account can be used to teach children the importance of saving money and using it rationally
What is the interest rate on the AU Kids Savings Account?
Our Kids Savings Account interest rates are competitive and slightly higher than those of other banks. For more details please visit our Savings Account interest rates page.
At what age can a child have a savings account?
Children under the age of 18 years can open a Kids Savings Account.
Are Kids Savings Accounts tax-free?
Typically, children have no earned income. Therefore, the interest earned from a Kids Savings Account is taxed under your gross income as per the applicable tax slab. The interest is added to ‘Income from Other Sources’ for you. However, if the child is earning, you can claim a tax exemption of INR 1500 per minor child under Sec 10(32) of the Income Tax Act, 1961.
