AU Small Finance Bank Digital Account Review – Forbes Advisor INDIA – Forbes

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Published: Aug 26, 2022, 11:10am
AU Small Finance Bank has introduced the concept of getting all banking and finance related-work done via video calls, hence from opening of the account to depositing money or for any other query one just gets on a video call with the bank, where the queries are resolved by a bank employee live.
The interest rate is credited every month to the bank accounts rather than quarterly making the account holder earn interest on interest. AU Small Finance Bank has launched three kinds of digital accounts, namely, AU Digital, Platinum and Royale with various features discussed in the article.
3.50% to 7%

Digital

Not Required

3.50% to 7%

Digital

Not Required

Following is the list of interest rates provided by the bank.

AU Digital is a zero balance savings account and is completely digital. This is the most basic of the digital accounts. It has a few complementary features as well which are unique for a zero balance account.
Complimentary:
Pros:
Cons:
AU Platinum is a digital account where the account holder will have to maintain a balance of INR 25,000. It has better complementary benefits than the basic account.
Welcome Benefits:
Amazon vouchers up to INR 1,250 as an welcome benefits for the following transactions:
Complimentary:
Pros:
Cons:
AU Royale is the most premium of the digital accounts and has the maximum number of complimentary benefits.
Welcome Benefits:
Amazon vouchers up to INR 1,250 as an welcome benefits for the following transactions:
Complimentary:

Pros:
Cons:
The account has been rated on the basis of the following criteria:
Armaan is the India Lead Editor for Forbes Advisor. He has more than a decade’s experience working with media and publishing companies to help them build expert-led content and establish editorial teams. At Forbes Advisor, he is determined to help readers declutter complex financial jargons and do his bit for India’s financial literacy.

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