AU Small Finance Bank Children’s Savings Accounts
AU Small Finance Bank originated as a vehicle finance company in 1996 and metamorphosed into its present avatar as a small finance bank in 2017. Its savings accounts range focus on specific segments of the customer market, and it offers a specific savings account for kids called BACHPAN, in addition to specific and general savings accounts.
BACHPAN Savings Account
The savings account from AU Small Finance Bank comes under its Value service offerings and is specially meant for young children.
Features
- The account needs a minimum average balance of Rs. 500 but there are no charges if the balance dips below this minimum amount
- Interest rates offered are supposed to be better than standard savings accounts
- The bank offers a VISA Gold Bachpan Debit Card with customisable benefits for kids aged 10 years and above. The card also has various insurance benefits such as education insurance and so on
- The BACHPAN Savings Account comes with its own special features such as Sweep-in, Locker, and Cash Deposit facilities
- Accountholders or their guardians can access the account through mobile banking, phone banking and internet banking
- Customers also benefit from the bank’s extended working hours
- The bank offers free transactions at its ATMs while the limit is kept at 10 transactions per month for other bank ATMs. The bank has ATMs in 10 states according to the company’s website as of February 2019
Reference Facts
- AU Small Finance Bank Website: aubank.in
- Headquarters: Jaipur Rajasthan
- Call Centre Number: 1800 1200 1200