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AU Small Finance Bank's AU Abhi Savings Account

AU Abhi Savings Account is a zero balance instant savings account introduced by AU Small Finance Bank that you open using your Aadhaar number & PAN details.

au small finance bank digital bank account

AU Abhi Savings Account is a zero balance instant savings account introduced by AU Small Finance Bank that you open using your Aadhaar number & PAN details.

Savings Account is a must-have financial product. Now, you can stay indoors and open instant savings account from the comfort of your home. Many banks such as Kotak Mahindra Bank, Axis Bank offer online savings account to their customers. Not such big banks. Small Finance banks such as Ujjivan Small Finance Bank and AU Small Finance Bank have also introduced digital savings account that can be opened instantly.

How to open AU Small Finance Bank’s Abhi Savings Account

There are three ways to open AU Small Finance Bank’s Digital account: website, downloading mobile app and Whatsapp in just a few steps.

How to open AU Abhi Savings Account through the website and mobile banking app

  1. Click on this link to open the account through the bank’s website. If you are on your mobile, you can click here to download the app.  Please note the app is only available for Android users.

  2. Enter your mobile number, Aadhaar number, PAN and your communication address.

  3. Give the applicable Foreign Account Tax Compliance Act (FATCA) declaration.

  4. Add your nominee’s details.

And that’s it.

Your AU ABHI Savings Account is open and you can see your account and virtual Debit Card details. You can keep a note of it for further reference.

How to open AU ABHI account through WhatsApp

Many banks have introduced WhatsApp banking to make the customer experience seamless. You can also open the bank account through within three minutes.

Step 1: Give a missed call on +91 8422992273 or click here if you are on your mobile phone to initiate conversation.

Step 2: You will receive an OTP on SMS to confirm while at the same time a conversation on WhatsApp will be initiated

Step 3: Provide Aadhaar number, PAN, and other required details as required for completing account opening. 

As this account without any physical verification, the validity of this account is one year. To continue using the account and to remove transaction limits, you need to convert the account into a full-fledged savings account by completing the KYC process.

Read: Why you should complete the KYC process of your online savings account?

Features of AU Small Finance Bank digital savings account

No minimum balance

The bank account does not have a minimum average balance. This means that you don’t have to worry about keeping a minimum balance in your savings account.

Instant Account Opening

With this digital savings account, you don’t have to wait for hours or fill paper documents to open a bank account. You can open it within a few minutes by downloading the mobile banking app, through the website or WhatsApp.

Get Monthly Interest Payout

In a savings account, the interest is calculated daily and the interest earned is added to the customer’s account quarterly. AU Abhi Savings Account offers monthly interest payout to its customers. 

Read: How is interest rate on savings account calculated?

Free online transfers

As an online savings account, it offers free online transfer through IMPS, NEFT and RTGS to account holders.

Get Free Virtual Debit card

After you open the savings account, the bank will provide you with a Virtual RuPay Debit Card that you can use to carry out online transactions.

Who can open AU Abhi online savings account

  • Individuals above 18 years of age
  • Individuals with Aadhaar and PAN card
  • People without an existing relationship with AU Small Finance Bank

Interest Rates

Au Small Finance Bank offers attractive interest rate to its customers. The interest rates apply to incremental balances.

Savings Account Incremental Amount slab         Rate of Interest Applicable (per annum)
Balances less than INR 1 lakh4.00%
Balances from INR 1 lakh to less than INR 5 Lacs               5.00%
Balances from INR 5 Lacs to less than INR 10 Lacs6.00%
Balances from INR 10 Lacs to less than INR 5 Crores7.00%
Balances from INR 5 Crores to less than INR 10 Crores6.50%
Interest rate on AU Bank savings account

Read:Small banks that offer high interest rate on savings account

Things to Remember

The account comes with a number of restrictions that are lifted once you complete the KYC process.

  • The account is valid for 12 months.
  • You can keep a maximum amount of Rs.1 lakh in your account
  • In a financial year, you can have an aggregate credit of Rs.2 Lakhs in this account.

How to complete AU Small Finance Bank KYC process

Completing your KYC process is a quick and easy process. You can schedule an appointment through AU ABHI app or by calling AU Bank customer care at 1800 1200 1200.  The verification will be carried by a bank representative. After the completion of the verification, your account will be converted into a regular savings account without any restrictions. 


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