The Best Savings Account for Senior Citizens: Why AU Small Finance Bank Stands Out 

Senior citizens deserve financial solutions tailored to their unique needs. They prefer accounts that offer stability and peace of mind. AU Small Finance Bank is a top choice for senior citizens seeking the best savings account. 

A senior citizen savings account caters to this demographic with competitive interest rates, personalised customer support, and features designed to simplify banking. AU Small Finance Bank offers benefits such as easy account management, doorstep services, and flexible terms to accommodate the requirements of senior citizens. This blog post offers the best savings accounts for senior citizens.  

AU Senior Citizen Savings Account  

AU Small Finance Bank understands that the golden years are a time to enjoy life with absolute peace of mind. Their Senior Citizen Account is tailored for individuals aged 60 and above. It offers a range of exclusive benefits designed to cater to the unique financial needs of this age group. Senior citizen account holders enjoy higher interest rates and other privileges that make their lives easier. 

Features of Senior Citizen Savings Account  

Notable features of AU senior citizen savings account include the following:  

  • High Interest Rates: AU Small Finance Bank offers senior citizen account holders high interest rates. Importantly, senior citizen account holders also receive additional interest on their fixed deposits held at AU SFB. 
  • Banking convenience: Senior citizens can get their banking transactions & other service requests executed from the comfort of their home with the help of Video Banking & Doorstep Banking facilities. 
  • Special pricing: Subject to availability, one can enjoy a flat 50% discount on locker rentals. 
  • Priority servicing: A dedicated senior citizen desk is available at every branch for quick resolution of banking requirements. 
  • Paperless Banking: Customers enjoy the convenience of depositing funds into their accounts without the hassle of using a deposit slip.  

Opening an online savings account with AU Small Finance Bank is easy. All the necessary account opening forms are completed online quickly.  

Benefits  

This section covers the benefits of AU senior citizen savings accounts. Key benefits include the following: 

  • Will Creation and Planning Support: Account holders enjoy professional assistance in creating a legally binding will.  
  • Feature-Rich Debit Card: With the AU Gold debit card, one can enjoy special offers from leading brands along with complimentary insurance covers for added security 
  • Assistance Services:  

AU senior citizen account holders can access specialized membership plans for the following services: 

  • Home Maintenance: Get assistance with essential home repairs and maintenance, including plumbing, electrical, and general upkeep. 
  • Medical Assistance: Access medical consultations, emergency support, and discounts at pharmacies for healthcare needs. 
  • Tax Filing Assistance: Receive expert guidance in filing taxes accurately and on time, ensuring all eligible deductions are claimed. 

 

How to Apply for a Senior Citizen Savings Account  

One can open an account with AU Small Finance Bank through any of these options: 

  • Video Banking: One can now open a Senior Citizen Savings Account through the Video Banking service. A PAN card, Aadhar card, and funds for initial funding would be required. 
  • Visit your nearest branch: Walk into the closest AU Small Finance Bank branch with your KYC documents and passport-sized photographs. Fill out the application form at the branch to start the process. 

Notable Points  

Here are some key points regarding the AU senior citizen savings account: 

  • Individuals aged 60 years and above are eligible for these accounts.  
  • One can convert their existing account into an AU senior citizen savings account by visiting their branch and submitting the required documents. 
  • AU Small Finance Bank offers senior citizen savings accounts with minimal fees.  
  • Senior citizen account holders can nominate a person of their choice for their account. They can complete the nomination process during account opening or anytime thereafter.  

Interest rates are subject to change without prior notice. 

Conclusion  

AU Small Finance Bank’s commitment to providing secure, rewarding, and accessible banking options makes it a trusted partner for senior citizens who want to maximise their savings. The digital banking services offered by AU Small Finance Bank are designed for convenience. Telephone and video banking services allow senior citizens to manage their finances without leaving home.