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Product Details
Bank Name

AU Small Finance Bank

Account Name

AU Sr. Citizen Saving Account

Account Type

Saving

Interest Rate

Less than 1 Lakh -3.50% and above 1 lakh and Less than 10 lakh -5.00%. Above 10 Lakhs: 7.25%

Free Debit Card

No

AU Sr. Citizen Saving Account
Account Opening Fees

Nil

Annual Maintenance Fees

Nil

Minimum Account Balance

INR 5000 or Fixed deposit of INR 25,000

Debit Card Charges

150

NEFT Charges

Upto 1 lakh:INR 2/Tansaction Above 1 lakh :INR10/Transaction

IMPS Charges

INR 10/Transaction

Fees and Charges

AU Sr. Citizen Saving Account

88.5
Special Features
1- Enjoy special offers from leading brands with your VISA Gold Debit Card with enhanced insurance coverage.
Eligibility Criteria
Indian citizen residing in India and are 60 years old or above.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
  • You can open your Account digitally.

  • There is dedicated senior citizen desk available at every branch for a quick resolution of your banking requirements.

  • High interest rate. 

  • No charge for maintenance of minimum balance. 

  • Feature rich VISA Gold Debit Card is offered with the account 

Cons
you have to maintain minimum balance and there is charge for Non maintence of balance per month.
AU Sr. Citizen Saving Account

The account from AU Small finance back offers decent interest rate of 5% for balance between INR 1 and 5 lakh and offers a good interest rate of 7.25% for balance above INR 10 Lakh. The account comes with a number of value add features. Overall the account is optimal for retired citizens who want to earn high interest and have substantial amount of savings above INR 10 Lakh.

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

Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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