Opening an AU Small Finance Bank Account: A Step-by-Step Guide

Are you ready to embark on a hassle-free journey of opening an AU Small Finance Bank account? Follow our comprehensive guide, divided into easy-to-understand steps, ensuring a seamless experience from training video to KYC completion.

Introduction

In the fast-paced digital era, AU Small Finance Bank offers a user-friendly account opening process that starts with a training video. This video not only educates but also sets the stage for a straightforward account opening journey.

Training Video: Setting the Stage

The first step involves watching a training video. Don’t underestimate its importance; it lays the foundation for a hassle-free account opening process. This visual guide simplifies the subsequent steps, making the entire procedure more user-friendly.

Sharing the Link: Streamlining the Process

The second step is simple but crucial: share the provided link with everyone in your network. This link serves as a gateway to the AU Small Finance Bank website, where potential customers will complete their account opening application.

Account Opening Application: A Seamless Experience

Upon clicking the shared link, customers find themselves on the AU Small Finance Bank website, ready to kickstart their account opening application. The process is straightforward, but attention to detail is key.

Mobile Number and Aadhaar: Secure Verification

Ensuring security, customers add and verify their mobile number linked with Aadhaar. PAN details are entered, and customers agree to all the Terms & Conditions. The next step involves entering and verifying the Aadhaar number using a one-time password (OTP).

Completing the Application: Attention to Detail

Filling in personal details accurately is crucial at this stage. Address details, including communication address if different from the permanent address, are entered. Customers have the option to add nominees or skip this step.

Account Details: Tailoring to Your Needs

Customers select the AU Digital Savings Account and choose additional services like a Debit Card and checkbook. The state, city, and branch details are specified, customizing the account to individual preferences.

Funding the Account: Easy and Convenient

One unique feature is the ability to fund the account during the application process itself. This step ensures that customers can start using their account promptly.

Verification and Acceptance: Confirming the Details

Before proceeding, customers must verify all entered details and accept the Terms and Conditions. This step is crucial for a smooth account opening journey.

KYC Process: Immediate or Scheduled

Customers can choose to complete their KYC immediately or schedule it for a later time. Flexibility is key in accommodating different preferences.

Video KYC: Personal and Secure

Video KYC is a pivotal step. Customers need to have their original PAN card and related documents handy. Live signatures are required, and customers should ensure they are alone during the process.

Customer Guidelines: Setting Expectations

Customers must follow specific guidelines during Video KYC, including being alone in the room and explaining any discrepancies in permanent and current locations. Additionally, customers can share how they heard about AU Savings Account and why they want to open one.

Payout Cycle: Understanding the Timeline

Income gets credited during the payout cycle, determined by the account opening date. It’s essential for customers to have a clear understanding of this timeline.

Important Notes: Guidelines and Restrictions

Before embarking on this account opening journey, it’s crucial to note the operational hours for VKYC agents, the importance of avoiding incentives, and potential reasons for rejections.

Conclusion

Opening an AU Small Finance Bank account is not just a transaction; it’s a journey streamlined for your convenience. From a training video to completing the KYC process, each step is designed to provide a hassle-free experience. So, are you ready to get started on your financial journey with AU Small Finance Bank?

FAQs

1. Is Video KYC mandatory for opening an AU Small Finance Bank account?

   • While not mandatory, completing Video KYC ensures a more secure and seamless account opening process.

2. Can I add nominees later if I skip that step during the application process?

   • Yes, nominees can be added at a later stage by contacting the bank.

3. What should I do if I face issues during the Video KYC process?

   • Reach out to AU Small Finance Bank customer support for prompt assistance.

4. Is there a limit to the funding amount during the account opening process?

   • The funding limit may vary based on the type of account and other factors.

5. Can I open an account outside of VKYC operational hours?

   • The account opening process, including VKYC, is available during specified hours for customer support.