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
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
Special Features
Eligibility Criteria
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
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