In our modern world, women are masters at balancing their personal and professional lives. Despite their incredible multitasking abilities, managing finances can still be challenging with their busy schedules. That's where having the right banking partner makes all the difference. AU Small Finance Bank understands these challenges and offers feature-rich savings accounts designed to empower women to save smartly and reach their financial goals more efficiently. Keep reading to discover the fantastic benefits and offerings of AU's women's savings account.
Why opt for a Women's Savings Account?
AU Small Finance Bank understands that women have unique financial requirements. An account tailored for women allows for the following:
Higher Interest Rates: Women's savings accounts offer higher interest rates. AU Small Finance Bank provides competitive interest rates up to 7.25%* p.a. The interest earned is credited monthly. Higher earnings on savings help women build their corpus faster.
Insurance Coverage: The debit card in the account comes bundled with complimentary personal accident insurance coverage and more. This provides additional financial security to account holders.
Exclusive Debit Card: Women customers can access AU Small Finance Bank's Visa Gold Debit Card, which offers additional features like worldwide acceptance, purchase protection, and more. Cardholders also get exclusive discounts and cashbacks on shopping, travel, entertainment, etc.
Convenient Banking: The account can be operated digitally via net, mobile, phone, and video banking. Transactions can be performed conveniently without visiting the branch. Account holders also enjoy extended banking & customer support hours.
Key Features of AU Small Finance Women's Savings Account
AU Small Finance Bank offers a feature-rich savings account for women with attractive interest rates, zero balance requirements, and many exclusive privileges. Some significant features include:
Benefits of Women's Savings Account by AU Small Finance Bank
AU Small Finance Bank offers a range of exclusive benefits to women customers holding their feature-rich savings accounts.
Cash Deposit Facility: Women account holders can deposit up to ₹2 lakhs a day across bank branches with their account number without using a deposit slip. This allows convenient cash deposits without paperwork.
Personal Accident Insurance: Women get complimentary coverage for accidents under this policy. It covers accidental death and permanent disablement with a sum insured of ₹1 lakh.
Lost Card Liability Cover: AU Small Finance Bank offers lost debit card liability cover up to ₹75k in case of unauthorized transactions done on the debit card if reported promptly. This safeguards account holders from financial fraud.
Visa Offers: Visa cardholders have access to 1000+ discounts, cashback, and other offers across top online brands and offline stores on shopping, travel, entertainment, health and wellness, food orders, and more.
Relationship Balance Benefit: Women account holders can maintain required balances through fixed deposits instead of savings to enjoy unlimited privileges.
Paperless Banking Facility: Account holders can deposit cash across AU Small Finance Bank branches without using physical deposit slips. They need to provide their account details verbally for immediate credit.
AU Small Finance Bank Perks
Under AU Small Finance Bank’s premium program, customers get complimentary access to airport lounges and enjoy preferential pricing on loan products such as home loans, auto loans, and personal loans.
Video Banking Services
Women customers can execute regular banking transactions, including account openings, via video banking from their homes, offering convenience and flexibility.
How Do You Open an AU Small Finance Women's Savings Account?
Women looking to apply for savings accounts with AU Small Finance Bank can do so easily through the following ways:
Offline Procedure
Step 1: Visit the nearest AU Small Finance Bank branch
Step 2: Fill out the account opening form along with the IFSC code & branch details
Step 3: Submit KYC documents - Proof of identity & address, 2 passport-sized photos
Step 4: Provide initial funding
Step 5: Activate account & start banking!
Online Procedure
Step 1: Initiate Video KYC by clicking on the Video Banking option
Step 2: Complete the video verification process by submitting online KYC documents
Step 3: Transfer the initial funding amount to the account digitally
Step 4: Activate the online account and reset login credentials
Step 5: Start using mobile/internet banking platform for transactions
Conclusion
AU Small Finance Bank's Women Savings Account is designed to help Indian women manage their money effectively. It offers features and benefits that can help women balance their personal goals and family responsibilities. With this account, women can become more disciplined in their spending and focus on saving and investing.
The account provides high-interest earnings and digital banking services, making it easier for women to manage their money. It aims to support women across India in becoming more financially independent.
Contact AU Small Finance Bank's customer service if you want more information or are interested in opening an account. This account is a great option for women who want to maximize their savings.
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