AU Small Finance Bank Minimum Balance Charges
AU Small Finance Bank Minimum Balance Charges
AU Small Finance Bank requires a minimum Average Monthly Balance (AMB) for most savings accounts, ranging from Rs 2,500 to Rs 10,000 depending on the account variant. Non-maintenance charges apply if your balance falls below the required level.
AMB Requirements by Account Type
- Basic Savings Account (BSBA): No minimum balance required. A zero-balance account as per RBI guidelines for basic banking access.
- Regular Savings Account: AMB of Rs 2,500 to Rs 5,000 (urban/semi-urban branches).
- Premium Savings Account: AMB up to Rs 10,000 or higher depending on the variant.
Exact requirements vary by branch location (rural, semi-urban, urban, metro) and account type. Always verify in your account opening documents or by calling 1800 1200.
Non-Maintenance Charges
If your AMB falls below the required level, AU SFB charges a penalty deducted from your account. The penalty is typically proportional to the shortfall and can range from Rs 50 to Rs 500 per month depending on the account type.
How to Avoid Minimum Balance Charges
- Track your daily balance using the AU 0101 app.
- Set up a balance alert in the app so you are notified when your balance drops below a threshold.
- Consider upgrading or downgrading your account type if the current AMB is hard to maintain.
About AU Small Finance Bank
AU SFB is an RBI-regulated small finance bank that serves retail customers, small businesses, and underbanked segments. Its savings account interest rates are generally higher than large public sector banks.
Key Takeaways
- Most AU SFB savings accounts require an AMB of Rs 2,500 to Rs 10,000.
- The Basic Savings Bank Account (BSBA) has no minimum balance.
- Non-maintenance charges are deducted monthly if the AMB is not met.
- Use the AU 0101 app to track your balance and set low-balance alerts.
FAQ
Can I switch to a zero-balance account at AU SFB?
Yes. You can request a downgrade to a Basic Savings Account by visiting a branch. However, the BSBA has transaction limits as mandated by RBI.
Are salary accounts exempt from minimum balance?
AU SFB salary accounts typically waive the AMB requirement as long as salary is credited regularly. Check your employer’s arrangement with the bank for confirmation.
Where can I see my current AMB status?
Log in to the AU 0101 app or net banking. Your account details section typically shows the current month’s AMB. You can also call customer care at 1800 1200.
