Product Details
Bank Name
AU Small Finance Bank
Account Name
AU Value Salary Account
Account Type
Salaried
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 5 Lakh 5.5% Above 5 Lakh And Upto 5 Crore 7%
Free Debit Card
No
Account Opening Fees
INR 0
Debit Card Charges
INR 150 Per Year
Annual Maintenance Fees
INR 0
NEFT Charges
Free if done Online
Minimum Account Balance
INR 5000
IMPS Charges
Free if done Online
Fees and Charges of
AU Value Salary Account
AU Value Salary Account
Special Features
Complimentary access to domestic airport lounge – twice per quarter.
Unlimited free transactions at AU Small Finance Bank ATM.
Eligibility Criteria
Minimum salary credit of INR 30,000 per month
Indian resident.
Should be above 18.
Benefits
1. Zero balance account
2. Free ATM card
3. Free online banking and mobile banking
4. Free NEFT and RTGS transactions
5. Attractive interest rates
6. Easy access to loans and other banking products
Features, Eligibility and Benefits of
AU Value Salary Account
Pros & Cons of
Pros
High Interest Rate.
Amazon vouchers up to INR 300 as an onboarding privilege
Complimentary access to domestic airport lounge – twice per quarter.
NEFT/RTGS/IMPS free if done online.
Free personal accident cover of INR 2,00,000.
15 free withdrawals at other banks ATMs.
Interest is credited monthly.
Decent interest rate.
Cons
Debit card has limited features.
Limited add on perks with this account in comparison to other salary account.
Interest @7% is available only for balance above INR 10 Lakh.
AU Value Salary Account
AU Value 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 Value 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 Salary Account Value.
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-value
2. By phone: You can also apply for an AU Value 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 Value Salary Account. You will need to bring the required documents with you.