Product Details
Bank Name
AU Small Finance Bank
Account Name
AU Royale Salary Account
Account Type
Salaried
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 10 Lakh 5.% Above 10 Lakh And Upto 25 Lakh 6% Above 25 Lakh And Upto 1 Crore 7%
Free Debit Card
Yes
Account Opening Fees
INR 0
Debit Card Charges
NIL
Annual Maintenance Fees
INR 0
NEFT Charges
Free (if done online)
Minimum Account Balance
INR 1 Lakh however, if salary is credited no requirement of maintaining min. account balance
IMPS Charges
Free (if done online)
Fees and Charges of
AU Royale Salary Account
AU Royale Salary Account
Special Features
2 free movie tickets per month through BookMyShow.
8 complimentary domestic airport lounge access per year (2 visits per quarter).
Get up to 1.5% on international merchant purchases and the ability to withdraw money from international ATMs.
Eligibility Criteria
Minimum monthly salary should be INR 1 Lakh.
Should be an employee on the payroll of an entity empanelled for AU Small Finance Bank Enterprise Salary Program.
Benefits
1. Complimentary Royale Debit Card with no annual fee
2. Unlimited domestic ATM transactions at AU Small Finance Bank ATMs and other bank ATMs
3. Unlimited digital payments (RTGS, NEFT, IMPS, UPI)
4. SMS alerts
5. Stop cheque through Net/Mobile/Phone Banking
6. Local cheque collections at AU Small Finance Bank locations
7. Issuance of monthly and half-yearly email statements
8. Complimentary Lounge access at select airport lounges
9. Travel insurance
10. Personal accident insurance
Features, Eligibility and Benefits of
AU Royale Salary Account
Pros & Cons of
Pros
High Interest Rate.
Amazon vouchers up to INR 1250 as an onboarding privilege
Complimentary access to domestic airport lounge – twice per quarter, 8 times per year.
Free Visa Signature Debit Card.
Get vouchers up to INR 4,750 on achieving annual spends target on your AU Royale Debit Card.
2 free movie tickets per month through BookMyShow.
1% Monthly Cashback (up to INR 200/- on a minimum Debit Card spend of INR 2,500 p.m).
Dedicated Relationship Manager.
1.5% mark-up on international merchant purchases and the ability to withdraw money from international ATMs.
Transact via NEFT/RTGS/IMPS through our AU0101 NetBanking and AU0101 App at no charges.
Free personal accident cover of INR 15,00,000. Unlimited free withdrawals at other banks ATMs.
Interest is credited monthly.
Unlimited free payable at par cheques.
Unlimited free Demand Drafts.
75% discount on locker rentals for lifetime
Cons
Interest @7% is available only for balance above INR 10 Lakh.
AU Royale Salary Account
AU Royale Salary Account
The account offers decent interest rate. The account also comes loaded with a number of value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Review of
AU Royale Salary Account
Account Opening and Procedure of
How to open an Account?
Visit the AU Small Finance Bank website: https://www.aubank.in/personal-banking/savings-account/salary-account
Click on "Apply Now" under AU Royale Salary Account.
Fill out the online application form with all the required details.
Upload scanned copies of the required documents.
Submit the application form.
A bank representative will contact you to verify your details and schedule an appointment for account opening.
Application Procedure
1. Online: You can apply online through the AU Small Finance Bank website. To do this, you will need to create an account, provide your personal and employment details, and upload the required documents. The link to the website is: https://www.aubank.in/personal-banking/salary-account/au-salary-account-royale
2. By phone: You can also apply for an AU Royale Salary Account by calling the bank's customer care number. The customer care number is: 1800-1200-1200.
3. In branch: You can visit your nearest AU Small Finance Bank branch to apply for an AU Royale Salary Account. You will need to bring the required documents with you.